Asia Digest: SG’s Boxgreen, Brezze Malaysia raising capital to facilitate growth

Boxgreen, a Singapore-based healthy snack delivery service provider, has raised a pre-Series A funding from Singapore-based family office Octava, among others. Meanwhile, Brezze Malaysia that rents power banks, is raising a funding from crowdfunding platform Ata Plus.

SG’s Boxgreen raises pre-Series A funding

Singapore-based Boxgreen, a healthy snack-box delivery company, raised an undisclosed amount in a pre-Series A funding round from Octava Impact Investment, a family office based in Singapore, Angel Central Syndicate, a US-based provider of deal syndication service, and its existing investor Expara Ventures.

The latest funding comes a month after the startup raised a $335,000 in a seed investment round, co-led by Expara Ventures and 500 startups.

The proceeds will be used to support the startup’s plans for revenue growth and strengthen its supply and distribution chain.

Founded in 2014, Boxgreen allows users to make a selection from a variety of snacks that have nutritional value. The company has since then expanded to Malaysia.

“We continue to see a rising growth year-on-year of consumers who are looking for healthier and more sustainable ways to consume,” said Walter Ohn, co-founder and CEO at Boxgreen.

Boxgreen was recently in news for acquiring Squeezed!, Juice, a cold press juice manufacturing brand.

Power bank rental Brezze Malaysia raising capital from Ata Plus

Brezze Malaysia, a power bank rental company, has announced that it is raising RM300,000 ($71,600) from Ata Plus, Malaysia’s online equity crowdfunding platform.

The company is behind the power bank brand Brezze, which allows people to use a mobile application to retrieve a power bank from a nearby vending machine and return it at a different location.

The equity crowdfunding campaign is the 19th campaign listed on Ata Plus’ platform.

The proceeds are planned for the company’s operations, sales, and marketing work.

Going ahead, Brezze aims to introduce more charging stations in every 500m in high traffic areas especially around shopping malls and public transportation stations.

The power-bank sharing concept in Malaysia is expected to pick due to factors such as the country’s increased smartphone penetration – it may be worthwhile to note that Malaysia’s internet penetration is the highest in Southeast Asia.