DiMuto completes Series A funding, securing US$5.9 mil to propel global expansion and enhance its digital ecosystem

• The new fundraising follows a previous US$2.35 million raise in 2021
• Funds will support expansion into Latin America & the United States

DiMuto, a global AgriFood trade solutions company based in Singapore, has successfully closed its Series A funding round, raising US$5.9 million (RM25.8 million). The round was led by The Yield Lab Asia Pacific, with contributions from prominent investors including SiS Cloud Global Tech Fund 8, Gold Sceptre Limited, and Dave Chen. Existing investors SEEDS Capital, SGInnovate, and PT Great Giant Pineapple also participated, following their involvement in DiMuto’s earlier US$2.35 million (RM10.2 million) fundraising in 2021.

DiMuto is at the forefront of digital transformation in the global food supply chain, integrating advanced technologies such as AI, blockchain, and IoT. The new capital will support its expansion into key markets, particularly in Latin America and the United States, and accelerate the enhancement of its innovative digital ecosystem.

The company highlighted that its tri-layer digital solutions are revolutionising the AgriFood industry. Its Trade Management Platform digitises every carton of AgriFood products for quality assurance and data visibility, while its traceable Marketplace connects verified buyers and suppliers to enhance transparency and trust. Additionally, its Financial Services provide post-shipment trade financing to address critical financial needs and drive the growth of AgriFood companies.

This holistic approach boosts operational efficiency and strengthens the entire supply chain, positioning DiMuto as a leader in the AgriFood industry. 

Gary Loh (pic), founder and CEO of DiMuto, remarked, “In a year marked by global economic challenges, this influx of capital validates the company’s growth trajectory and will enable us to leverage our momentum in the Latin American and US markets, bringing us closer to our mission of redefining global Agritrade.”

Lim Hwee Hai, managing director of SiS Asset Management, commented on the closing of the bridge round, expressing satisfaction in supporting DiMuto and lending expertise to the scaling of its AI-powered Financial Services. He noted significant interest from the AgriFood industry for such trade financing solutions, with DiMuto’s real-time data capture and AI-driven financial scoring poised for great success.

DiMuto also plans to expand its Marketplace arm and venture into greenhouse-based agriculture and climate-adaptive varietal development. This strategy will enhance year-round supply resilience and scale the company’s private label, SoLuna Fresh, which has successfully marketed traceable fresh produce from Latin America into Asian markets, particularly in the tropical and berry categories.

The latest Series A funding underscores investor confidence in DiMuto’s innovative approach and paves the way for its continued leadership in the global AgriFood sector. With this fresh capital, DiMuto is set to accelerate its mission of transforming the AgriFood supply chain through digitalisation, enhancing transparency, and fostering sustainability across the industry.