Singapore-based logistics technology company Haulio raised US$5.8 million in a Series A round led by Heliconia Capital Management, a wholly owned subsidiary of Singapore state-owned investment company Temasek Holdings, according to data from Crunchbase.
Other investors in the round included PSA Unboxed, Ondine Capital, Iterative, iSeed, ComfortDelGro Capital Partners and B7 Capital, the data about the 22 December announcement showed.
ComfortDelGro Capital Partners is the corporate venture capital arm of land-transport player ComfortDelGro; it targets investments in transportation technology startups, such as smart logistics, on-demand bussing and vehicle fleet electrification.
PSA Unboxed is the venture capital arm of Singapore-based port operator PSA, with a focus on startups in the logistics, ports and maritime sectors. PSA is a global port group, with a network of more than 50 coastal, rail and inland terminals in 17 countries. It was previously called the Port of Singapore Authority, before becoming a corporation.
China-based Ondine Capital is led by managers from CICC Capital, JD.com and MediaTek, according to Crunchbase data.
Haulio has raised a total of US$6.7 million, Crunchbase data show.
In April 2017, the company raised US$56,000 in a pre-seed round including NUS Enterprise and PSA Unboxed, and in May 2018, it raised US$747,000 in a round led by PSA Unboxed, the data show. ComfortDelGro Capital Partners also invested in Haulio in May 2019, the data show.
Supply Chain Angels led a funding round in March of 2021, the data show. Supply Chain Angels is the corporate venture arm of YCH Group, a supply-chain management and logistics provider. Other investors in that round included B7 Capital, GHS Ventures, Guava Capital, iSeed SEA, Iterative and PSA Unboxed, Haulio said on its website.
On its website, Haulio claims to be Southeast Asia’s largest container haulage platform. Its software services provide demand-based container movement by matching customer orders with available hauliers, using Uber-like dispatching of trucks to shippers for moving containers at ports.
The company has operations in Singapore, where it has claimed 90 percent penetration into the city-state’s haulier market, as well as offering services in Indonesia and Thailand.