Resellee, a Philippine-based social e-commerce platform, has secured $1 million in seed funding while Singapore’s digital mental healthcare provider Safe Space has raised $250,000.
PH social e-commerce startup Resellee secures $1m
Resellee, a social e-commerce mobile app and platform in the Philippines, announced raising $1 million in a seed funding round backed by Mintech Enterprises and Hofan Capital, an early-stage tech incubator and investor.
The startup said it will use the fresh capital to enhance its products with new app features, such as group buying, artificial intelligence, and microfinancing, among others. The fund will also be used for Resellee’s marketing efforts and supply chain innovation.
Resellee allows Filipinos to easily buy and sell products through their network of friends on social media without having to keep inventory.
The startup, founded by Marc Concio, currently has hundreds of products on its platform, ranging from fresh produce, fruits, vegetables, prepaid load, fashion, electronics, grocery products, among others.
SG’s Safe Space raises $250k seed funding
Safe Space, a Singapore-based B2B2C digital mental healthcare provider startup, announced raising $250,000 through FundedHere, an equity crowdfunding platform licensed by the Monetary Authority of Singapore.
The startup said it secured a large percentage of the seed round from the personal capacity of the founder of pan-Asian private equity fund manager Tembusu Partners, Andy Lim, through the crowdfunding platform.
Launched in March 2019, Safe Space connects individuals to psychologists, psychotherapists, and counsellors. With the successful seed round, the startup said it will now be able to scale its new freemium corporate program globally by the end of 2021.
“Workplace mental well-being will be one of our top priorities going into 2021. Safe Space’s vision is to make digital mental healthcare and education accessible and comprehensive to businesses of all sizes,” Antoinette Patterson, the company’s founder, said.
