AVANA is a Malaysia-based social commerce platform. On Thursday the company announced it raised $1 million in a pre-Series A round. The financing round was led by Gobi Partners. The article did not list other participating investors or provide additional financial details. No operating metrics, revenue figures, user counts, future plans, or use-of-proceeds information were included in the announcement. AVANA, formerly Square.my, provides a digital merchants solution. The company operates in Malaysia. In May 2016 AVANA secured RM2 million (about $498,274) in funding. Investors included Cradle Seed Ventures and co-investor Captii Ventures. Cradle Seed Ventures is the venture capital arm of Cradle Fund Sdn Bhd. Captii Ventures is described as a multi-stage Southeast Asian investment firm.

Total raised

$2M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2018