<article><a style="color: #000080;" href="http://dealstreetasia.com/tag/scangels" target="_blank">Supply Chain Angels (SCAngels)</a>, the corporate venture arm of the YCH Group, is investing in <a style="color: #000080;" href="http://www.spaceship.com.sg/" target="_blank">Spaceship</a>, that offers urban logistics and space optimisation solutions.</article>

<a style="color: #000080;" href="http://dealstreetasia.com/tag/scangels" target="_blank">Supply Chain Angels (SCAngels)</a>, the corporate venture arm of the YCH Group, is investing in <a style="color: #000080;" href="http://www.spaceship.com.sg/" target="_blank">Spaceship</a>, that offers urban logistics and space optimisation solutions.
Additionally, SCAngels will connect the startup it to its infrastructure and resources to aid in its growth. SCAngels is supported by <a style="color: #000080;" href="http://www.y3technologies.com/" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en-GB&amp;q=http://www.y3technologies.com/&amp;source=gmail&amp;ust=1489549596964000&amp;usg=AFQjCNHIy33HNgeMN-ewFLwmAD1JTjgi2g">Y3 Technologies</a>, a supply chain management information technology and services company.
Financial terms of the investment were undisclosed.
<a style="color: #000080;" href="http://dealstreetasia.com/tag/ych-group" target="_blank">YCH Group</a> is the first large local enterprise (LLE) under the third installment of National Research Foundation’s (NRF) Early Stage Venture Fund (ESVF) to invest in a startup.
Spaceship aims to address challenges faces by individual consumers and SMEs &#8211; who often encounter limited space, sub-optimal inventory management and inefficient transport management of their goods.
Spaceship offers on-demand, pay-as–you-use storage in various flexible plans offered to both individual users and businesses.
James Ong, an Investment Committee Member at Supply Chain Angels, said, “On-demand storage represents an addressable market in Singapore. Yet, much of this market remains untapped. Spaceship is well-positioned to grow rapidly by bringing its services to SMEs and SOHOs in Singapore.”
Using web and mobile applications, Spaceship digitally handles the physical storage process, ranging from storage materials to transportation. This removes the friction from the customer experience and streamlines the process.
Goods are stored in a highly secure facility, and with the exception of fragile items, are insured free of charge against fire and theft. Users simply have to click to get items returned to their offices or homes.
Spaceships&#8217; Founder and CEO, Yeo Zhi Wei, said, “With the investment, we can better enhance our technology stack and product to include features like smart scheduling for fleet management, real time sensors for temperature and humidity and enhanced inventory systems, among others.&#8221;
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<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/62441-62441/">Logistics startup Lalamove bags $30m Series B for expansion to more than 100 cities</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/67071-67071/">China: Logistics startup Fuyoukache raises $36m funding led by Legend Capital</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/57490-57490/">India: Warburg Pincus invests $75m in logistics startup Rivigo</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/year-ender-2017-a-year-for-logistics-startups-61637/">What will 2017 bring for logistics startups?</a>

Supply Chain Angels (SCAngels) has invested in Spaceship in an undisclosed deal. 

SCAngels invests in urban logistics startup Spaceship

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SCAngels invests in urban logistics startup Spaceship

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