HK-based startup raises US$6.5m Series A funding

[SINGAPORE] Technology startup GoGoVan, yesterday announced that it had successfully raised US$6.5 million in Series A funding.

Based in Hong Kong, GoGoVan is a mobile app that connects users, looking to move or deliver items, with a network of delivery service providers. The round was led by Centurion Private Equity, an investment management firm that focuses on the South-east Asian market, as well as a number of prominent Singapore-based businessmen.

GoGoVan has a network of over 18,000 registered commercial vehicles in Hong Kong, the largest logistics fleet there. To date, the startup has an average of 300,000 transactions a month, and has processed more than a million transactions, with an aggregate transaction value of over HK$120 million since its launch in July last year.