DiMuto, a Singapore-based agri-food trade tech solutions company, announced it has received an undisclosed sum in investment from Singapore-based VC studio, Latin Leap, to broaden its footprint in Latin America.
DiMuto offers an IoT- and AI-powered platform to provide end-to-end supply chain visibility to global agri-food businesses. Using blockchain, it digitalises the agri-food supply chain for data visibility and trade transparency, and aims to solve challenges, such as food waste, food safety, and food sustainability.
The company will use the investment to drive further international expansion in Latin America, a market where it expects a constant growth of fresh produce trade such as fruit and vegetable production that the countries export, as per the company’s statement.
Latin Leap is focussed on opening up opportunities in Latin America for Southeast Asian tech startups. It plans to set its fund structures out of Singapore with the aim of becoming a partner in the internationalisation of the region’s tech sector.
DiMuto Track & Trace seamlessly integrates with supply chain workflows and existing systems to create a shared vision of truth from farms, factories, cold chain to distribution channels.
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