Editor’s note: This story was updated to note that Haulio’s Series A round has two components – a fresh equity raise of $5.75 million and a share allotment worth $1.25 million to seed investors for financing they provided earlier.
Singapore-based container haulage platform Haulio has secured $5.75 million in new capital in a Series A round led by Heliconia Capital Management, according to its regulatory filings.
The round was joined by existing backers ComfortDelGro Ventures and PSA unboXed, the venture capital arm of port and cargo group PSA International.
Haulio is also issuing about $1.25 million worth of Series A shares to early investors as part of a convertible agreement regarding equity (CARE), shows a separate regulatory filing. The investors receiving these shares include Ondine Capital, Iterative Fund, iSeed SEA and B7 Capital.
The combination of new equity funding and Series A allotment to early investors brings its Series A total to $7 million.