Hong Kong: International Compliance Workshop (ICW), a Hong Kong-based supply chain management platform with an office in Singapore, has raised US$5.7 million in a Series A+ funding round, led by Infinity Ventures Partners.
Integrated Capital also joined the round, along with returning investors Hong Kong government-backed Innovation and Technology Venture Fund and MindWorks Capital.
As per a press statement, the fresh funds will go towards improving the tech infrastructure of its compliance management system and product testing platform. Besides, ICW will look to embed new features into its B2B procurement platform iSource.
Launched in 2016, ICW assists retailers and manufacturers in digitalizing their supply chain process — from procurement and product testing to compliance management. The startup claims it consolidates testing, inspection, and certification resources onto its platform to provide “dedicated” quality control for clients.