SINGAPORE, September 27, 2022 – Singapore based Field Service Management Software company, FTV LABS Pte. has secured SG$ 2.2 million for their Seed Stage Funding Round led by Origgin Capital and Mitsubishi Electrics ME Innovation Fund. FTV LABS software (KEGMIL) helps to accelerate the modernization of legacy industries with labour intensive field services primarily in the Southeast Asian region.
Digital transformation remains a key challenge for companies that operate in the labour-intensive sectors such as construction, logistics and manufacturing. Workers on the ground still manage records manually, with paper accounting for a large percentage of these work records. The KEGMIL software solves these issues by digitising and automating inefficient spreadsheet and paper-based workflows, enabling field service companies to enact timely data driven insights.
Origgin Capital invests in the Deeptech ecosystem to help groom the next batch of Technopreneurs in Singapore. Germane to this ethos of grooming the next generation of founders, Origgin Capital has invested in FTV Labs to support the continued success of strong local founders.
This fresh injection of capital will enable the Singapore headquartered company to accelerate product roadmap and fuel growth in key verticals such as construction, manufacturing, marine offshore and renewable energy across the Southeast Asian region.
For more information, please visit www.kegmil.com
About Origgin Capital:
Origgin Capital is the Venture Capital arm of Origgin Ventures, Singapore’s first Deep-tech Venture Creator. Origgin focuses on the investment and commercialization of defensible patents from the universities and research institutes. Through the Venture Co-Creation approach, Origgin provides the initial capital and hands-on support to create deep-tech start-ups, guide them to initial success and create value for our stakeholders. Since 2017, Origgin has successfully spun-off more than 30 deep-tech start-ups from partner universities such as NUS, NTU, Harvard and ETHzurich.
About FTV LABS:
Name: FTV LABS Pte. Ltd.
CEO: Kelvin Ong
Business Address: 3 Ang Mo Kio Street 62, #05-25 Link@AMK, Singapore 569139
Year of Establishment: 2016
Company Website: www.kegmil.com