Early-stage venture capitalist YourNest on Tuesday announced that it had successfully participated in a round of fundraising for KaHa, a Singapore-based consumer IoT (Internet of Things) company.
The funding was led by Metals International with the participation of Jungle Ventures, Spring Seeds Capital, Singapore, and existing investor YourNest.
A total of $4.5 million is invested in KaHa. The new investments will help drive the IoT company's expansion plans. The part of funds will also be invested in the resource, product development, infrastructure and research and development. Founded in 2015, it has offices in Singapore, Bengaluru, Shenzhen and Switzerland.
The company also announced a