# Really Singapore

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/really-singapore

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.really.sg
- Total disclosed funding: $0.4M
- Latest round: Seed (Aug 13, 2019)
- Investors on record: 1

## About

Really Singapore operates a B2B marketplace that automates procurement processes, enhancing workflow efficiency across sectors. The platform connects diverse businesses with vendors, streamlining their purchasing needs in Singapore.Really Singapore was founded in 2017 and is headquartered in Singapore. The company provides a platform that simplifies procurement processes for various sectors. The founder, Joerg Zeugner, has a background in business development, potentially drawing from previous entrepreneurial experiences. In August 2019, Really Singapore raised SGD 0.5 million in Seed funding from Huntington Partners, with this funding representing the total amount raised. The company has completed one notable deal to date.Really Pte Ltd operates a comprehensive B2B marketplace designed to automate procurement processes and streamline workflows across various sectors. Their core product offerings include an integrated platform that facilitates sourcing, tender management, vendor management, and inventory management. The platform serves a diverse clientele, including property and facilities managers, asset owners, tenants, suppliers, and vendors, enabling businesses from residential and retail to industrial and F&B sectors to manage procurement efficiently. By providing tools such as templates and guides, Really empowers users to plan, collaborate, and manage projects effectively, thereby addressing common challenges like procurement inefficiencies and project coordination. The marketplace has been developed to cater specifically to organizations operating within Singapore, where it currently serves over 6,000 vendors across 72 categories.Really Pte Ltd has achieved significant transaction volume, with over SGD 210 million processed through its platform, indicating robust engagement from its user base. The company’s revenue model is structured around facilitating business transactions between vendors and clients, primarily through a B2B framework. Businesses utilize the platform to create tenders and access a wide array of vendors, thereby simplifying the procurement process. The structure of transactions typically involves subscription or partnership agreements, allowing businesses to leverage the marketplace for sourcing goods and services without incurring additional overhead from traditional procurement methods. While specific pricing plans for services are not disclosed, the model is designed to provide value to both vendors selling their products and businesses seeking to streamline their procurement operations.Looking ahead, Really Singapore aims to enhance its platform by developing new features and tools to further automate procurement processes, with potential releases planned for 2024. The company is exploring expansion into other Southeast Asian markets, targeting countries such as Malaysia and Indonesia with a strategic rollout by 2025. The recent Seed funding will be utilized to support these initiatives, focusing on product development and market penetration strategies to enhance their marketplace offerings.

## Funding rounds

- Seed, Aug 13, 2019, $0.4M — Huntington Partners

## Investors

- Huntington Partners (https://capitalatlas.ai/funds/huntington-partners) — Seed