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Plugo, An E-Commerce Support Platform For D2C Brands In Southeast Asia, Picks Up $9M Series A

PRIVATEDec 15, 2022

Amount Raised

$9 Million

Round Type

Series A

E CommerceLogistics

Investors

Pearl Abyss CapitalProdigy InvestmentMahanusa CapitalAccess VenturesBon Angels Ventures PartnersAltos Ventures

Description

Singapore-headquartered startup Plugo has secured $9 million in a Series A funding round. The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. In other words, Plugo enables D2C merchants to focus on their products and supports other processes.

Quick answer

Plugo raised $9 Million in a Series A round, dated December 15, 2022. Investors: Pearl Abyss Capital, Prodigy Investment, Mahanusa Capital, Access Ventures, Bon Angels Ventures Partners and Altos Ventures.

How much did Plugo raise?
Plugo raised $9 Million in a Series A round on December 15, 2022.
Who invested in Plugo?
Pearl Abyss Capital, Prodigy Investment, Mahanusa Capital, Access Ventures, Bon Angels Ventures Partners and Altos Ventures are named as investors in this round.
What does Plugo do?
Plugo is an all-in-one e-commerce platform that empowers anyone who wants to start an online business.

Source: Fundz verified event record.

Who else raised in E Commerce and Logistics around the same time

Companies in the same sectors as Plugo that raised within 45 days of this round, from Fundz verified event records.

  • 40Seas raised an undisclosed amount (Funding Round) on January 10, 2023.
  • Frayt Technologies raised $6.4M on December 19, 2022.
  • SideUp raised $1.2M (Seed) on December 5, 2022.
  • Leta raised $3M (Seed) on November 22, 2022.
  • Soptle raised an undisclosed amount (Angel) on November 22, 2022.
  • Wove Made raised $3.9M (Seed) on November 21, 2022.

Who to call at Plugo, and when

A new round usually means Plugo is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
  • Who you already know at Plugo, from your own LinkedIn network

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Company Information

Company

Plugo

About

Plugo is an all-in-one e-commerce platform that empowers anyone who wants to start an online business. Our platform lets users personalize their online stores with custom website templates, payment and courier integrations, omnichannel, SEO, and marketing tools. We are entirely cloud-based and hosted, allowing users to access and manage their business from anywhere, at any time, while on the go.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Plugo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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