Umitron raises $15 million to promote overseas business development
Wednesday, June 15, 2022
Umitron raised around SGD 15 million (USD 10.8 million) in a pre-series B round from ENEOS Holdings, QB Investment Limited Partnership, Toyo Seikan Group, and other commercial banks by combining equity and debt finance. Combined with a Series A financing in 2018, Umitron has raised SGD 30 million (USD 21.5 million). With this funding, the company will strengthen the business foundation of its existing and new services, accelerate overseas business development for salmon and shrimp farming, and increase collaboration with partners.
In addition to strengthening its existing business, Umitron intends to enhance the global development of its services with this financing. The company has already formed multinational teams with diverse backgrounds in Singapore and Japan. Furthermore, it will further accelerate the establishment of local subsidiaries and business development in key salmon production regions, such as Northern Europe and Chile, and Southeast Asia.
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