Total amount raised
$71 Million
Latest funding date
05/01/2022
Location
Mekari has successfully raised funds over four rounds, with the latest being a Series E round led by Money Forward. The company is backed by a total of eight investors, including BEENEXT and Analog Capital.
Keep reading to explore the intricacies of Mekari's fundraising journey and the investors backing this innovative platform.
What Is Mekari?
Mekari is a SaaS company based in Jakarta Pusat, Jakarta Raya, Indonesia, offering cloud-based business automation technology. The company operates in industries such as B2B, Business Development, Business Intelligence, SaaS, and Software.
With an employee count ranging from 1001 to 5000, Mekari provides a range of products including HR management, accounting, CRM, digital signatures, and more. The company supports businesses of all sizes, from startups to large enterprises, across multiple industries.
How Much Funding Has Mekari Raised?
- Series B
- Amount Raised: Not publicly disclosed
- Date: October 2018
- Lead Investors: East Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Mekari's product offerings and enhance its market presence.
- Series C
- Amount Raised: Not publicly disclosed
- Date: December 2019
- Lead Investors: EV Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and expansion of Mekari's business automation technology.
- Series D
- Amount Raised: USD 21,000,000
- Date: May 2021
- Lead Investors: Money Forward
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up operations and enhance product development.
- Series E
- Amount Raised: USD 50,000,000
- Date: May 2022
- Lead Investors: Money Forward
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into financial technology services and support digital transformation for clients.
Total Amount Raised: USD 71,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Money Forward
- Details: Money Forward is a Japanese fintech firm that led the $50 million funding round for Mekari. It is the largest SaaS provider of financial planning and accounting applications in Japan.
- Investment Focus Areas: Financial technology (fintech) solutions, financial planning, accounting applications.
- Notable Investments: Primarily in financial planning and accounting SaaS solutions.
- EV Growth
- Details: EV Growth is a venture capital firm that invests in early-stage startups in Southeast Asia and Japan. It was a key investor in Mekari's Series C funding round.
- Investment Focus Areas: Early-stage startups, Southeast Asia, Japan.
- Notable Investments: Various early-stage startups in Southeast Asia and Japan.
- East Ventures
- Details: East Ventures is a venture capital firm that invests in early-stage startups in Southeast Asia and Japan. It led Mekari's Series B funding round.
- Investment Focus Areas: Early-stage startups, Southeast Asia, Japan.
- Notable Investments: Various early-stage startups in Southeast Asia and Japan.
- Beenext
- Details: Beenext is a venture capital firm that invests in early-stage technology startups. It participated in Mekari's funding rounds.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Various early-stage technology startups.
- Mandiri Capital
- Details: Mandiri Capital is the corporate venture capital arm of Bank Mandiri, focusing on fintech and digital startups. It has been involved in Mekari's funding rounds.
- Investment Focus Areas: Fintech, digital startups.
- Notable Investments: Various fintech and digital startups.
What's Next for Mekari?
With a fresh $50 million injection, Mekari is poised to expand its fintech services and support the digital transformation of MSMEs. The SaaS market in Indonesia is growing rapidly, offering Mekari a substantial opportunity to scale its operations and develop innovative solutions tailored to client needs.
Future fundraising seems promising, given the significant market potential and Mekari's impressive growth trajectory. However, the company will need to navigate a competitive landscape and ensure the scalability and reliability of its technology solutions to maintain its momentum.
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