The startup raised $5.2m in seed funding last January.
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The fund is anchored by alternative investments firm Sun Hung Kai, an existing investor.
The firm will use the proceeds to upgrade its technology platform as well as for team expansion.
The solo VC is expanding in Singapore and Miami.
It will invest at pre-seed and seed stages in about 50 startups as a lead investor or co-investor.
Velocity Ventures, Phillip Private Equity, and Prizm Ventures also backed the F&B SaaS startup.
Rest of Asia
Movac is targeting a $100m first close for its Growth 6 Fund.
Regional VCs including AC Ventures, Jungle and Wavemaker have beefed up their leadership rungs.
MUFG Bank joined the round alongside existing investors.
The fund is reportedly targeting a corpus of around $280m and may rope in a Japanese bank as a leading LP.