# SilverConnect Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/silverconnect-pte

- Industry: Food
- Headquarters: Singapore, Singapore
- Total disclosed funding: $0.5M
- Latest round: Seed (Mar 21, 2022)
- Investors on record: 2

## About

SilverConnect Pte Ltd specializes in innovative meal solutions designed for individuals with swallowing difficulties, focusing on nutritional safety and ease of consumption while maintaining local flavors.SilverConnect Pte Ltd, founded in 2017 in Singapore, is focused on providing specialized meal solutions for those with dysphagia. The company was founded by Yiru Shen, who also serves as the CEO. In March 2022, SilverConnect raised USD 0.54 mn in Seed funding led by Heritas Capital Management, giving the company a post-money valuation of USD 1.66 mn. The firm has completed one deal to date, with the most recent deal occurring on March 21, 2022.SilverConnect's GentleFoods® offers a range of nutritious meal solutions tailored for individuals with swallowing difficulties, adhering to the IDDSI framework. Their product range includes IDDSI L3 liquidized meals, IDDSI L4 pureed foods, IDDSI L5 minced and moist meals, and IDDSI L6 soft and bite-sized foods. These meals incorporate local Asian dishes, catering to the dietary needs of seniors and those recovering from medical conditions. The company serves the Singaporean market and is exploring potential opportunities in Southeast Asia.In the most recent year, SilverConnect reported a revenue of USD 1,769,797.10 with an EBITDA of USD -231,749.60.SilverConnect Pte Ltd plans to utilize the recently secured Seed funding of USD 0.54 mn to enhance product offerings and expand into broader markets. The company is working on launching new meal options to further cater to individuals with swallowing difficulties, targeting a release by the end of 2023. Additionally, SilverConnect aims to penetrate the Southeast Asian markets by 2024, leveraging its current offerings and local culinary preferences to meet the needs of a growing demographic.

## Funding rounds

- Seed, Mar 21, 2022, $0.5M — Octave Capital, SEEDS Capital

## Investors

- Octave Capital (https://capitalatlas.ai/funds/octave-capital) — Seed
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Seed