Total amount raised
$132.7 Millions
Latest funding date
07/01/2023
Location
SIRCLO has successfully raised funding through multiple rounds, with notable investors including Qverse and Living Lab Ventures. The company offers a range of e-commerce solutions, such as SIRCLO Commerce, SIRCLO StreamLab, and SIRCLO Cross Border.
Keep reading to explore the intricacies of SIRCLO's fundraising journey and the investors backing this innovative platform.
What Is SIRCLO?
SIRCLO, founded in July 2013, is an e-commerce enabler based in Tangerang, Jawa Barat, Indonesia. The company was established by Andreas Thamrin, Brian Marshal, and Leontius Adhika Pradhana.
Specializing in omnichannel commerce, SIRCLO offers a variety of solutions, including SIRCLO Commerce, SIRCLO SWIFT, and SIRCLO StreamLab. These services help businesses sell online through direct sales channels, marketplace management, and live streaming integrations.
With a team of 1,000 employees, SIRCLO has supported over 100,000 brands in growing their online presence. The company operates in multiple Indonesian cities, including Bandung, Yogyakarta, and Surabaya.
How Much Funding Has SIRCLO Raised?
- Debt Financing
- Amount Raised: Not specified
- Date: July 2023
- Lead Investors: Qverse
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational expenses and growth initiatives.
- Series C
- Amount Raised: $10.5M
- Date: June 2023
- Lead Investors: Vertex Ventures Southeast Asia & India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technological capabilities.
- Venture Round
- Amount Raised: $30M
- Date: February 2023
- Lead Investors: East Ventures, SMDV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market expansion.
- Series B
- Amount Raised: IDR515B
- Date: September 2021
- Lead Investors: East Ventures, PT Saratoga Investama Sedaya
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Series B
- Amount Raised: $45M
- Date: May 2021
- Lead Investors: SMDV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and technological advancements.
- Series B
- Amount Raised: $6M
- Date: August 2020
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and improve product offerings.
- Series A
- Amount Raised: $5M
- Date: March 2019
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel early-stage growth and development.
- Non-Equity Assistance
- Amount Raised: $50K
- Date: May 2017
- Lead Investors: Google Launchpad Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and mentorship.
Total Amount Raised: $96.55M
Current Valuation: Not publicly disclosed
Key Investors
- Qverse
- Details: Qverse is a digital marketing and technology company that specializes in mobile advertising. They focus on delivering data-driven marketing solutions to enhance user engagement and conversion rates.
- Investment Focus Areas: Mobile advertising, digital marketing, technology solutions
- Notable Investments: Not publicly disclosed
- Vertex Ventures Southeast Asia & India
- Details: Vertex Ventures Southeast Asia & India is a venture capital firm that invests in high-growth technology companies. They are part of the global Vertex Ventures network, which operates in the US, China, and Israel.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Grab, Patsnap, FirstCry
- East Ventures
- Details: East Ventures is an early-stage venture capital firm that has backed over 200 companies across Southeast Asia. They are known for their strong network and hands-on approach to supporting startups.
- Investment Focus Areas: E-commerce, fintech, digital media
- Notable Investments: Tokopedia, Traveloka, Ruangguru
- SMDV
- Details: SMDV (Sinar Mas Digital Ventures) is a venture capital firm that focuses on early to growth-stage technology companies in Southeast Asia. They are part of the Sinar Mas Group, one of Indonesia's largest conglomerates.
- Investment Focus Areas: Technology, e-commerce, fintech
- Notable Investments: Orami, Warung Pintar, Moka
- PT Saratoga Investama Sedaya
- Details: PT Saratoga Investama Sedaya is an Indonesian investment company that focuses on early to growth-stage investments. They have a diversified portfolio across various sectors.
- Investment Focus Areas: Natural resources, infrastructure, consumer products
- Notable Investments: Adaro Energy, Tower Bersama, Mitra Pinasthika Mustika
What's Next for SIRCLO?
Unfortunately, the information requested was not found in the provided sources. The sources either did not contain relevant details or were placeholder pages without specific information about SIRCLO's future opportunities, industry trends, growth prospects, challenges, or predictions for future fundraising or acquisitions.
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