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Jakarta Post

Logistics startup Waresix closes $100m series B fundraising

  • News Desk

    Jakarta

Jakarta   /   Tue, September 15 2020   /  01:00 am
Illustration of startup business.(Shutterstock/File)

Logistics technology company Waresix closed its series-B funding round, raising almost US$100 million over the last year to fund its business development. The funding came from existing investors EV Growth and Jungle Ventures, as well as new investors including SoftBank Ventures Asia, Indonesian tech and media firm EMTEK Group, private equity fund Pavilion Capital and Redbadge Pacific. “The capital will be invested to develop the most robust logistics technology infrastructure in Southeast Asia and further build out our world-class team to help us seize a large market opportunity,” Waresix CEO Andree Susanto said in a statement on Thursday. In January, the company announced that it had received $11 million from EV Growth and Jungle Ventures in its extended series-A round. Despite disruptions due to the COVID-19 pandemic, the company saw rapid growth in its first m...