LOGISTICS startup Deliveree, also known as Transportify in the Philippines, said on Tuesday that it has secured funding worth $14.5 million to expand its business in Southeast Asia.

“Over the past few years, there has been a substantial investment in small-parcel, last-mile consumer logistics due to the rise of e-commerce in Southeast Asia. However, this space suffers from poor operating economics,” Deliveree’s Chief Finance Officer Gagan Singh said in a statement.