# Rate Ptd.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rate-ptd

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.ratex.co
- Total disclosed funding: $11M
- Latest round: Series A (Jan 21, 2022)
- Investors on record: 6

## About

Rate Ptd. Ltd. develops sophisticated software solutions focused on boosting operational efficiency through data analytics and process automation, serving various industries including logistics, manufacturing, and e-commerce.Established in 2016 and headquartered in Singapore, Rate Ptd. Ltd. offers innovative software solutions that enhance operational efficiencies. The company was co-founded by Abdalelah Mohmmed, who has a history of founding other technology ventures. Ratex has undergone significant investment, raising a total of USD 4.50 mn through its Series A funding round led by Vertex Ventures Southeast Asia & India on September 14, 2023. This round involved investments from Beacon Venture Capital and Insignia Ventures Partners, positioning Ratex for future growth.Ratex specializes in delivering innovative solutions aimed at enhancing operational efficiencies across various sectors. The company’s core product offerings include advanced software platforms designed for data analytics and process automation, which facilitate real-time decision-making and streamline workflows for businesses. These products are particularly beneficial for industries such as logistics, manufacturing, and e-commerce, where timely access to data and automation of routine tasks can significantly reduce overhead costs and improve service delivery. Ratex's solutions are tailored to meet the needs of a diverse client base, including mid-sized enterprises and larger corporations, primarily located in North America, Europe, and parts of Asia. Since their inception, these products have been instrumental in solving complex business challenges, allowing clients to leverage data more effectively and gain a competitive edge in their respective markets.In 2019, Ratex reported a revenue of USD 86,209 with an EBITDA of USD -483,722. This revenue model is structured around subscription services and direct partnerships, allowing clients to engage in annual or monthly agreements for access to the software platform, which includes ongoing updates and support.Ratex plans to expand its product offerings, focusing on the launch of new software features designed to enhance data analytics capabilities by the end of 2024. The company also aims to penetrate new markets in Southeast Asia and Europe, leveraging recent funding to support these initiatives. The recent acquisition by SIRCLO Pte Ltd. is expected to further accelerate these growth strategies, allowing Ratex to enhance its service offerings and market presence.

## Funding rounds

- Series A, Jan 21, 2022, $4.5M — Vertex Ventures Southeast Asia & India, Beacon Venture Capital, Insignia Ventures Partners
- Series A, May 28, 2020, $4M — Vertex Ventures Southeast Asia & India, Genesis Alternative Ventures
- Seed, Mar 13, 2020, $2.6M — Alpha JWC Ventures, Insignia Ventures Partners, Great Noble International

## Investors

- Alpha JWC Ventures (https://capitalatlas.ai/funds/alpha-jwc-ventures) — Seed
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Seed, Series A
- Great Noble International — Seed
- Vertex Ventures Southeast Asia & India (https://capitalatlas.ai/funds/vertex-ventures-southeast-asia-india) — Series A
- Genesis Alternative Ventures — Series A
- Beacon Venture Capital (https://capitalatlas.ai/funds/beacon-venture-capital) — Series A