Singapore’s DiMuto Secures $5.9 Million in Series A Funding for Expansion into Latin America and US

DiMuto, a Singapore-based startup specializing in agri-food trade solutions, has successfully raised $5.9 million in a Series A funding round. The round was led by The Yield Lab Asia Pacific, with participation from SiS Cloud Global Tech Fund 8, Gold Sceptre Limited, and investor Dave Chen. Existing backers such as SEEDS Capital, SGInnovate, and PT Great Giant Pineapple also joined this round, following their involvement in DiMuto’s previous $2.35 million fundraising in 2021.

This latest capital infusion will support DiMuto’s expansion into the Latin American and US markets, furthering its mission to provide innovative supply chain solutions across the global food industry. The company plans to leverage these funds to enhance its technological offerings and strengthen its market presence in these key regions.

Founded in 2019, DiMuto has established itself as a key player in the digital space of the global AgriFood supply chain. The company offers a suite of digital solutions, including a trade management platform that digitizes AgriFood products for quality assurance and data visibility and a marketplace that connects verified buyers and suppliers to support transparency and trust. Additionally, DiMuto provides financial services to address post-shipment trade financing needs. 

With the recent $5.9 million Series A funding, DiMuto plans to expand its marketplace business and explore new ventures in greenhouse-based agriculture and climate-adaptive varietal development. These initiatives aim to improve year-round supply resilience and scale the company’s private label, SoLuna Fresh, which has successfully marketed traceable fresh produce from Latin America to Asia, particularly in the tropical fruit and berries categories.

By leveraging advanced technologies such as AI, blockchain, and IoT, DiMuto plans to strengthen its digital ecosystem further and solidify its leadership in the industry.

Gary Loh, Founder and CEO of DiMuto, expresses the company’s excitement: “In a year marked by global economic challenges, this influx of capital is a resounding validation of the company’s growth trajectory. It will enable us to leverage our momentum in the Latin America and US markets and bring us closer to our mission of redefining global Agritrade.”

Lim Hwee Hai, Managing Director of SiS Asset Management, expressed satisfaction with supporting DiMuto in its recent funding round. “We are pleased to support DiMuto in its latest funding round and lend our expertise to the scaling of its AI-powered Financial Services. There is significant interest from the AgriFood industry for such trade financing solutions, and we are confident that DiMuto’s real-time data capture and AI-driven financial scoring are poised for great success,” he said. 

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