Southeast Asia-based procurement platform Eezee said on Tuesday it has raised $5 million in a pre-Series B funding round to expand across the region and build out artificial intelligence tools aimed at automating low-value, long-tail corporate purchases.
The round was led by Korea Investment Partners Southeast Asia, with existing backers including Kickstart Ventures and Wavemaker Ventures increasing their commitments, Eezee said in a statement.
The company said the financing was oversubscribed and included several strategic investors, without disclosing valuations or the names of the new participants.
Eezee, which focuses on what it describes as “tail-end spend” — fragmented, low-ticket procurement that is often handled manually through emails, phone calls and spreadsheets — said it plans to use the proceeds to accelerate regional growth and deepen investment in AI-driven software products RFQBot and ProcureFlow.
The company said it has launched operations in Thailand, adding to existing markets Malaysia, Singapore, Indonesia, and the Philippines.
Its tools are designed to automate workflows such as requests for quotations, vendor matching and purchase approvals, areas where enterprises frequently have limited visibility and weak standardisation.
Eezee said it can cut procurement time from days to minutes and help customers save 20% or more on costs, though it did not provide customer numbers or audited performance metrics.
“Procurement remains one of the largest yet least optimized enterprise functions globally,” Shane Ang, vice president at Korea Investment Partners Southeast Asia, said, adding that Eezee’s “combination of talent, data, and execution capabilities” positions it to reshape how companies manage tail-end spend in the region.
The funding comes as Southeast Asia’s startup ecosystem grapples with lower investment volumes and tougher scrutiny following a series of governance and fraud concerns across the region. Eezee said investor demand remained strong despite the backdrop.
Eezee said growth has accelerated since the first quarter of 2025 and that its Indonesia and Malaysia operations have reached operational profitability. It expects to hit group-level profitability in the second half of 2026 while rolling out its AI products across multiple markets in the first half of the year.
“Recent advances in AI now make it possible to reimagine both the software layer and the physical movement of goods,” CEO and co-founder Logan Tan said.
Business News Asia
