Zeek, a Southeast Asia-focused logistics technology startup, secured approximately US$10m in Series Pre-A financing.
The latest round of financing, which brought total funding raised to around US$15m, came from SF Holding (SZSE: 002352), Chinachem Group, Philippines KHO Group family, Dr. Lee Ka Kit, Chairman and Managing Director of Henderson Land (SEHK: 0012) in private investment, the Innovation and Technology Venture Fund Corporation of the Hong Kong SAR Government, HKSTP Ventures, Elite Time Limited, Radiant Tech Venture Fund LP, Caelus Asset Management, SQ Capital Ventures etc.
The company intends to use the funds for further expansion in Southeast Asia markets, enhancement and refinement of logistics management technology and data analytics applications.
Established by Kin Shun Information Technology Limited in 2017, and led by KK Chiu, CEO, and Vincent Fan, Co-founder and CSO, Zeek is a data-driven intelligent logistics technology platform that provides one-stop O2O last-mile delivery solutions for F&B, lifestyle and FMCG merchants in Southeast Asia with solutions spanning across online order management, delivery capacities management, big data analytics and O2O operations enhancement for an array of industries:
- Zeek F&B Delivery for instant food delivery,
- ZeekDash for Point-to-Point O2O delivery, and
- Zeek2Door for e-Commerce Parcel delivery.
Customers comprise global top-five F&B brands and fast-food chains, leading supermarkets and department stores, convenience store chains, online platforms, etc.
Founded in Hong Kong, the company has quickly expanded its business presence in Singapore, Thailand, Vietnam and Malaysia and is planning to set foot in Taiwan, the Philippines and Indonesia in 2021. Zeek’s leveraged intelligent logistics technology was used by global merchants and Southeast Asian brands.
Zeek’s revenue has exceeded US$28 million in 2020 and is estimated to grow by at least 100% in 2021.