NIMBLY AIMS TO IMPROVE OPERATIONAL EFFICIENCY
Nimbly Technologies, a Singapore-based tech company revolutionizing operational excellence and supply chain risk management for best-in-class enterprise, secured a Pre-Series A funding round of US $4.6 million USD led by Insignia Ventures Partners, along with Sovereign’s Capital and Saison Capital. To date, Nimbly has raised a total of $5.7 million.
With Nimbly’s current clientele based in Indonesia, Singapore, Malaysia and the US, the funding will be used to accelerate business growth across more markets in Southeast Asia. The recently sealed partnership with leading Southeast Asia restaurant operator Express Food Group is part of Nimbly’s regional expansion.
For a thriving company, the indirect costs of poorly executed operations can make up to 10-15% of sales revenues. In Southeast Asia this would be an equivalent of $12B – $18B in the restaurant industry alone. Yet, traditional methods of monitoring and verifying operational execution – manual checklists, WhatsApp, phone calls, emails, excel sheets – are fragmented, inefficient and inconsistent.
Nimbly is solving this problem through its SaaS mobile platform that transforms frontline operations by equipping employees with digital routines and automating workflows in a simple way. Founded in 2018 by Daniel Hazman and Jonathan Keith, Nimbly has grown into an enterprise-level operations solution that enables companies to monitor and verify the implementation of Standard Operating Procedures (SOP) in multiple locations, uncover data-driven operational insights and track issues until its resolution. All of which is done remotely and in real-time.
By improving efficiency, Nimbly is unlocking cost savings for its customers in making their human resource allocation more efficient, minimizing paper spending and reducing man hours spent on reporting, compiling and analyzing data. Nimbly also aids companies in minimizing fraudulent behaviour in frontline operations with robust validation methods like computer vision, geo-fencing and live-photo / video-taking.
Partnering with world-class customers in their digital transformation journey, Nimbly has developed a flexible platform to accommodate different use cases from various industries. Their clientele includes growing and established food & beverage companies like KFC and Kopi Kenangan, retailers like 7-Eleven and Under Armour to global agriculture corporations like Wilmar and Cargill.
With Daniel’s experience in managing operations at the likes of Walmart and General Mills, and Jonathan’s two decades of technical experience in enterprise software, the co-founders are on a mission to build a world-class enterprise SaaS product.
CEO and co-founder Daniel Hazman says, “With the close of our recent round, we look forward to delivering even more value to our customers by expanding our product offering to include deeper analytics, mystery shopper and employee training. We will continue to invest heavily in our technology, developing a better experience and further automating routine tasks by leveraging computer vision and machine learning.”
“SaaS enterprise is an emerging vertical in Southeast Asia with more businesses of all sizes and across industries seeking to transition and even upgrade their capabilities to software tools. That makes us very excited to have partnered with Daniel, Jonathan, and their team at Nimbly as they lead this space in building software stack capable of serving the operational needs of companies first in Southeast Asia, and then globally,” says Insignia Ventures Partners founding managing partner Yinglan Tan.