Navegar leads Series C for Singapore's Inteluck
Philippines private equity firm Navegar has led a USD 34m Series C round for Singapore-based supply chain technology provider Inteluck with support from East Ventures.
It follows a USD 15m Series B in January last year led by Creo Capital, an affiliate of Hong Kong real estate develop New World Group, and featuring East and Headline Asia.
Total funding since the company’s inception in 2014 comes to more than USD 55m, according to AVCJ Research. Earlier investors include MindWorks Capital, FutureCap, and logistics company Lalamove. Headline provided seed funding as early as 2016 when the investor was known as Infinity Venture Partners.
Inteluck offers a digital B2B platform that provides technology-driven supply chain services to enterprises across the Philippines, Thailand, and Vietnam. Coverage areas span full truckload transportation, warehouse management, international freight forwarding, distribution, and customised services. East described the technology as “cutting edge.”
The company claims its platform provides access to a fleet of more than 14,000 delivery trucks available for on-demand booking. This is said to allow enterprises to easily expand their geographical coverage, maintain real-time oversight of shipments, and scale operations flexibly during high-demand periods.
The business model is framed as fundamentally empowering Southeast Asia's underserved small to mid-sized truckers. This is achieved by boosting demand for first-to-mid-mile trips while improving fleet utilisation and facilitating faster payments. More than 300 international and local enterprises have used the platform.
“As the industry grows from increased trade, infrastructure upgrades, and the development of traditional sectors, Inteluck is well-positioned to solve the unique B2B logistics challenges of the Philippines and its neighbours,” Nori Poblador, managing partner of Navegar, said in a statement.
“[CEO Kevin Zhang] and his team have our full support during this next chapter of growth.”
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