BukuWarung, a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital. The Jakarta-based startup claims this is the largest Series A round ever raised by a startup focused on services for MSMEs. BukuWarung did not disclose its valuation, but sources tell TechCrunch it is estimated to be between $225 million to $250 million.
CNBC H2-2024 VC Investment Outlook by Valerianus Ian Sulaiman: Investing in Innovation & Growth Across Industries
The venture capital landscape may be tightening, but Trihill Capital remains focused on the future. We’re actively seeking high-growth businesses with strong profitability prospects, including exciting startups across various sectors and tech-enabled businesses in the consumer segment.
Beyond pure tech plays, we’re also keen to support real sector businesses that are embracing technology and driving its adoption. This focus ensures we’re not only investing in innovation but also its practical application across industries.
Are you a startup founder or a leader in a tech-driven real sector business? We’d love to hear from you! Connect with us at pitch@trihillcapital.com
Listen the full conversation here: https://www.cnbcindonesia.com/tech/20240722110512-39-556540/video-sempat-merosot-ini-tren-pembiayaan-modal-ventura-h2-2024