Procurement platform Eezee raised $5 M Pre-series B funding to expand across Southeast Asia
Eezee, a procurement platform based in Singapore that focuses on enterprise tail-end spending, has raised $5 million in a pre-Series B round led by Korea Investment Partners Southeast Asia. Kickstart Ventures and Wavemaker Ventures, two of its current investors, have doubled down.
According to a statement released by Eezee on Tuesday, a number of strategic investors also participated in the oversubscribed round.
The additional funds will be utilized to further invest in Eezee’s artificial intelligence (AI)-powered procurement software, RFQBot and ProcureFlow, as well as to expedite the company’s regional expansion.
With operations already in Malaysia, Singapore, Indonesia, and the Philippines, Eezee has formally begun operations in Thailand, its most recent market entry in Southeast Asia.
The AI tools are intended to automate and streamline enterprise procurement processes, especially for low-value, long-tail purchases that are still mostly done by hand and in fragments.
Eezee helps companies cut procurement times from days to minutes, saving clients at least 20% on expenses.
“Procurement remains one of the largest yet least optimized enterprise functions globally,
“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,” said Shane Ang, VP at Korea Investment Partners Southeast Asia.
Korea Investment Partners (KIP), which was founded in 1986, is the biggest venture capital firm in South Korea in terms of assets managed.
KIP has successfully supported industry-defining businesses by utilizing its extensive global network across its offices in Beijing, Shanghai, Silicon Valley, Singapore, and Seoul.
Among its noteworthy investments are Moloco, ABL Bio, YG Entertainment, and Kakao.
The raise coincides with a period of decreased funding volumes and increased scrutiny of governance and fraud in Southeast Asia’s startup ecosystem.
In light of this, Eezee claims that the round was oversubscribed because of the ongoing high investor demand.
Every quarter since the first quarter of 2025, Eezee’s growth has accelerated.
In the first half of 2026, RFQBot and ProcureFlow AI will be rolled out across multiple markets, while companies in Malaysia and Indonesia have achieved operational profitability.
“Procurement and supply chain workflows have changed little over the past four decades,
“Recent advances in AI now make it possible to reimagine both the software layer and the physical movement of goods, combining automation with supply chain optimization to drive meaningful efficiency and cost outcomes,” said Logan Tan, Chief Executive Officer and Co-founder of Eezee.
