Daily Briefing: RPA startup Glee Trees bags undisclosed funding; sustainable products firm The Nurturing Co raises seed funding

And ARA, Straits Real Estate and ICBC International will buy a retail mall in China.

From DealStreetAsia:

Robotic process automation (RPA) startup Glee Trees has closed an undisclosed funding round from Silicon Valley-based early-stage venture fund 500 Startups, the company announced.

According to a statement, the proceeds will be used to further enhance its proprietary cognitive automation solutions. It also plans to intensify its reach primarily in China and expand into Vietnam and Indonesia.

The company’s flagship product, Gleematic, is an RPA solution. Its software handles office automation with image-recognition, text analytics, and machine learning.

Read more here.

From e27:

The Nurturing Co (TNC), a sustainable products company, has closed an initial angel funding from a small group of investors in Singapore and the US.

The startup will use the funding to expand Bambooloo in the domestic market and also overseas. It also plans to create additional marketing and brand licensing support materials. It also seeks to strengthen its small team as it prepares to push for further domestic, international and direct-to-consumer growth.

Singapore-based TNC focuses on creating and distributing products under sustainable plastic-free home goods brand Bambooloo.

Read more here.

From DealStreetAsia:

Real estate fund manager ARA Asset Management is teaming up with Straits Real Estate and ICBC International Holdings to acquire Sanlin InCity, a retail mall in Shanghai, China, according to an announcement. The total consideration Details of the transaction were not disclosed.

Located in the Sanlin District of Pudong, Sanlin InCity is the only competitive mall in the area, with a strong population catchment of over 400,000 and no new supply within a 3-km radius projected within the next three years, ARA said.

Sanlin InCity comprises about 83,074 sqm of gross floor area and is currently 91.3% per cent occupied. It was refurbished in Q4 2018, and nears the end of its first lease cycle.

Read more here.