Advantir raises ‘seven-figure’ seed funding

Singapore: Advantir Innovations, a Singapore-based food-tech startup, announced today it has raised an undisclosed seven-figure amount in seed funding. Led by Raging Bull Investments, participating investors include she1K Global, Expara Asia Ventures, Azerus, and other angels.

The firm disclosed the fresh financing will be used to grow the team, drive new product innovation, and facilitate international expansion.

Founded in 2018 by Jeremy Tan and incubated by NUS enterprise, the startup’s flagship capsule dessert machine Swirl.GO creates four types of soft-serve desserts –ice cream, gelato, sorbet, and frozen yogurt. It operates with Swirl Pods, which are individual disposable capsules, to serve up a “wide selection” of flavors.

This enables the “quick and easy” dispensing of different flavors without the need for washing or disassembling. There is also no requirement for loading of pre-mixes, water input, or drainage.

“I love eating soft-serve ice cream, and wondered why more businesses didn’t serve good quality soft-serve desserts. I realized the problem lay in the machines – they were expensive, big, required trained manpower, and could only serve one to two flavors per machine. So, I decided to develop a countertop solution for a better dessert experience,” said Jeremy Tan, Founder, and CEO of Advantir.

Having conducted successful trial tests, Advantir aims to make Swirl.GO desserts available to the public by Q1 2021. It added the team is concurrently developing a “miniaturized” version of Swirl.GO for homes, scheduled to launch by the end of 2021.

The startup is also looking to venture into creating smoothies and Acai desserts.