HeveaConnect will receive US$5.5 million via the issuance of new shares to its new investors.
HeveaConnect, the 49.9%-owned associate of SGX-listed Halcyon Agri, has completed its fourth round of fundraising on July 25.
The latest round of fundraising, which is led by Provident Capital, DeClout Ventures and the management of HeveaConnect, values HeveaConnect at a pre-money valuation of US$19.4 million ($26.9 million).
