For its next Series A funding, Koku said it is confident to raise a target of US$10 million.
The joint initiative by Ant Financial and National University of Singapore is a step towards building an inclusive society by harnessing the power of technology.
This fund represents one of the first public and private collaborations between RHL Ventures and SME Corp Malaysia.
The acquisition is expected to be completed in later this month.
The funding capital will be used to support the startup’s research and development and enhance its product quality.
Fore Coffee’s US$1 million add-on to its Series A funding is a strong signal on investor confidence in the coffee startup.