Nimbly raises US$4.6m in pre-Series A round led by Insignia

Claudia Chong

Published Tue, Mar 30, 2021 · 07:15 PM

ENTERPRISE software startup Nimbly Technologies has raised US$4.6 million in a pre-Series A round led by Insignia Venture Partners, along with Silicon Valley-based Sovereign's Capital and Saison Capital, the corporate venture capital arm of Tokyo-listed Credit Saison.

Singapore-based Nimbly helps companies to monitor, manage and evaluate their business operations through a mobile platform. Traditional methods of monitoring operations - manual checklists, WhatsApp, phone calls, e-mails and Excel sheets - are fragmented, inefficient and inconsistent, the startup said.

To date, the company has raised US$5.7 million in funding. Nimbly’s current clientele is based in Indonesia, Singapore, Malaysia and the US, and the fresh funding will be used to accelerate business growth across more markets in South-east Asia.

The startup was founded in 2018 by Daniel Hazman (chief executive officer) and Jonathan Keith (chief technology officer) to help businesses save costs by making their human resource allocation more efficient, minimising paper spending and reducing time spent on reporting, compiling and analysing data.

Nimbly also aims to help companies minimise fraudulent behaviour in frontline operations through validation methods such as computer vision, geo-fencing and photo or video-taking. Clients include food and beverage companies such as KFC and Kopi Kenangan, retailers such as 7-Eleven and Under Armour, and global agriculture corporations including Wilmar and Cargill.