SHOPPABLE Business, the B2B e-commerce marketplace and technology company, has closed its oversubscribed pre-seed financing round of $1.15 million. The company aims to digitize procurement and wholesale distribution in the Philippines, paving a better way to buy and sell for businesses. Foxmont Capital Partners and Seedstars International Ventures co-led the round, alongside a global network of angel investors with deep knowledge and connections in digitizing procurement and wholesale distribution in the Philippines and Southeast Asia. Past investors include AHG Lab, who provided initial funding and early stage support for Shoppable Business.

The funding will be used to grow Shoppable Business' business development team, develop more products and features, and expand into new markets within the region.