SourceSage, a Singapore-based e-commerce platform, has closed a S$3 million ($2.23 million) funding round, according to a press statement.
The funding was led by Singapore-based cross-border venture capital firm iGlobe Partners as well as Wavemaker Partners, an early-stage venture capital firm with headquarters in Singapore and Los Angeles.
The fund will be used to accelerate its current expansion plans in scaling up its online and enterprise B2B e-commerce platforms. The company will also strengthen its key management team following this fundraising.
“SourceSage developed its in-depth know-how on building e-commerce features from its original mission as a commodities software, trading, and data platform provider,” said General Partner of Wavemaker Partners Gavin Lee.
Founded in 2015, SourceSage aims to empower enterprises and individuals with their own platforms to start, grow, and scale their businesses online. Its platform has engaged more than 7,000 merchants from over 14 countries, with clients including DBS Bank, DHL, Mitsui & Co., PwC, and others.
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