Southeast Asia logistics pioneer Zeek raises US$10 million funding despite market adversity
21st December 2020
Zeek Co-founders (From Left): Cliff Tse, Chief Technology Officer, KK Chiu, Chief Executive Officer, and Vincent Fan, Chief Strategy Officer. ANTARA/Business Wire
Transformation of Delivery Ecosystem is Underway
Hong Kong--(Antara/Business Wire)- Zeek, the Southeast Asia-focused logistics technology startup, announced today that it has secured approximately US$10 million in Series Pre-A financing from regional strategic investors and investment funds. The new funding will be used by Zeek for further expansion in Southeast Asia markets, enhancement and refinement of logistics management technology and data analytics applications. The latest round of financing takes Zeek’s total funding raised to around US$15 million up to date from investors that include: SF Holding (SZSE: 002352), Chinachem Group, Philippines KHO Group family, Dr. Lee Ka Kit, Chairman and Managing Director of Henderson Land (SEHK: 0012) in private investment, the Innovation and Technology Venture Fund Corporation of the Hong Kong SAR Government, HKSTP Ventures, Elite Time Limited, Radiant Tech Venture Fund LP, Caelus Asset Management, SQ Capital Ventures etc. SQ Capital Partners acted as the financial adviser to Zeek for this financing round.