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Alpha Wave co-leads $9 million Series A round in Singapore s Raena
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Alpha Wave co-leads $9 million Series A round in Singapore s Raena
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Singapore-based Raena gets $9M Series A for its pivot to skincare and beauty-focused social commerce
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Singapore-based startup Raena has announced it has raised $9 million Series A funding. The round was led by
Alpha Wave Incubation and Alpha JWC Ventures, and also saw participation from AC Ventures and existing investors - Beenos, Strive, and Beenext.
Raena said it will use the funding to grow its team from 15 to 100 members over the next three months. It aims to enable more entrepreneurs and partner with more beauty and health brands across the world to help them enter Indonesia, and eventually South East Asia and the GCC/MENA regions.
The startup identifies, sources, and aggregates products directly from brands/local manufacturers, and then sells them to micro-entrepreneurs online along with a full stack tech platform.
Singapore-based Raena gets $9M Series A for its pivot to skincare and beauty-focused social commerce – TechCrunch
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