Daily Brief Private Markets: D2C personal care product startup Evo Commerce bags U$2.1M to expand retail touchpoints | e27 and more

In today’s briefing:

D2C personal care product startup Evo Commerce bags U$2.1M to expand retail touchpoints | e27
IoT firm UnaBiz hits first close of US$25M pre-series C round | e27
Mushroom Material nets US$5M to convert agri waste into eco-friendly packaging | e27

D2C personal care product startup Evo Commerce bags U$2.1M to expand retail touchpoints | e27

Singapore-based Evo Commerce, an omnichannel retailer offering supplements and personal care products directly to consumers, has raised US$2.1 million in a fresh investment round.
Existing investor Shanghai-based IJK Capital Partners led the round.
Chen Capital (Min-Liang Tan’s family office), Reuben Lai (former MD of the Grab Financial Group), Octave Wellbeing Economy Fund, Orvel Ventures, Straits Angels, and Ascend Angels participated.

Singapore-based UnaBiz, a provider of customised IoT solutions, has announced the first close of its US$25 million pre-series C funding round with Japan’s KDDI Open Innovation Fund 3 and KYOCERA Communication Systems.
The fresh funds will be used to partner with new companies in the security industry, deepen logistics and supply chain market penetration, and expand utility with hybridisation.
This capital injection follows UnaBiz’s acquisition and integration of French IoT firm Sigfox 0G technology. In two years, UnaBiz added 4 million new devices to the global 0G Network.

Mushroom Material, a startup that converts agricultural waste into eco-friendly packaging, has secured over US$5 million in seed funding led by Wavemaker Partners and SEEDS Capital.
Icehouse Ventures, K1W1, and Black Kite Capital participated.
The investment is being used to establish a 1,300-sqm pilot plant in Auckland’s Mount Roskill in New Zealand.

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