Eezee, a Southeast Asia–based procurement platform focused on enterprise tail-end spend, has raised $5 million in a pre-Series B round, led by Korea Investment Partners Southeast Asia, according to an announcement.
Existing backers Kickstart Ventures and Wavemaker Ventures, and several strategic investors, joined the oversubscribed round.
The fresh capital will be used to accelerate Eezee’s regional expansion and to deepen investment in its AI-powered procurement software, RFQBot and ProcureFlow. Eezee has officially launched operations in Thailand, marking its latest market entry in Southeast Asia, with existing operations in Malaysia, Singapore, Indonesia, and the Philippines.
The AI tools are designed to automate and optimise enterprise procurement workflows, particularly for long-tail, low-value purchases that remain largely manual and fragmented. Eezee helps businesses reduce procurement time from days to minutes, saving customers 20% or more on costs.
“Procurement remains one of the largest yet least optimised enterprise functions globally,” said Shane Ang, VP at Korea Investment Partners Southeast Asia. “Eezee has demonstrated strong execution and disciplined growth in a challenging and fragmented region. We believe its formidable combination of talent, data, and execution capabilities positions the company well in redefining how enterprises manage tail-end spend across Southeast Asia.”
Established in 1986, Korea Investment Partners (KIP) is South Korea’s largest venture capital firm by assets under management. KIP has backed Kakao, YG Entertainment, ABL Bio, and Moloco.
“With this latest round, we’re seeing a more mature market, increased inbound demand and significantly less education required around Eezee’s offering,” said Logan Tan, CEO and Co-founder of Eezee.
In 2022, Eezee raised $6.2 million in a Series A1 funding round led by the Philippines-based AG Active Fund I. Earlier, the B2B marketplace had raised $7.5 million in the first tranche of its Series A, anchored by Active Fund.
Insignia Ventures, Wavemaker Partners, and January Capital, together with new investors, HH Investments, Orange Venture Fund, and several angel investors, had participated in that round.
