Total amount raised
$179 Million
Latest funding date
04/01/2022
Location
Waresix has successfully raised funding over 9 rounds, with the latest being a Series B round. The company is backed by 16 investors, including notable names like East Ventures and Temasek Holdings.
Keep reading to explore the intricacies of Waresix's fundraising journey and the investors backing this innovative logistics platform.
What Is waresix?
Waresix, founded in Jakarta, Indonesia, is a prominent logistics platform specializing in freight-forwarding, warehouse management, and land transportation. The company operates within various industries, including E-Commerce, Freight Service, Logistics, Supply Chain Management, Transportation, and Warehousing.
With a workforce of 251-500 employees, Waresix leverages digital technology and AI to optimize supply chains and enhance efficiency. The company is recognized for its extensive network, guaranteed fleet availability, and commitment to quality and security.
How Much Funding Has waresix Raised?
- Seed Round
- Amount Raised: USD 1,600,000
- Date: October 2018
- Lead Investors: East Ventures, Monk’s Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the logistics platform.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2018
- Lead Investors: East Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and market entry.
- Series A
- Amount Raised: USD 14,500,000
- Date: July 2019
- Lead Investors: East Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and scale operations.
- Series A
- Amount Raised: USD 11,000,000
- Date: January 2020
- Lead Investors: Jungle Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and infrastructure.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and business continuity.
- Series B
- Amount Raised: USD 100,000,000
- Date: September 2020
- Lead Investors: EV Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel regional expansion and market penetration.
- Series B
- Amount Raised: USD 1,900,000
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further strengthen market position and service delivery.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: April 2021
- Lead Investors: MDI Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and partnerships.
- Series B
- Amount Raised: USD 50,000,000
- Date: April 2022
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand technological infrastructure.
Total Amount Raised: USD 179,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- East Ventures
- Details: East Ventures is a venture capital firm based in Southeast Asia, known for its early-stage investments. The firm has a strong presence in the region and has backed numerous successful startups.
- Investment Focus Areas: Technology, E-commerce, Fintech
- Notable Investments: Tokopedia, Traveloka, Ruangguru
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It manages a diversified portfolio across various sectors and geographies.
- Investment Focus Areas: Financial services, Telecommunications, Consumer & Real Estate
- Notable Investments: Alibaba, DBS Bank, Singapore Airlines
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and financial technology industries. It is known for its aggressive investment strategy.
- Investment Focus Areas: Internet, Software, Fintech
- Notable Investments: Facebook, LinkedIn, Spotify
- Jungle Ventures
- Details: Jungle Ventures is a Singapore-based venture capital firm that invests in early to growth-stage startups in Southeast Asia and India. The firm aims to support entrepreneurs in building scalable businesses.
- Investment Focus Areas: Technology, Consumer, Fintech
- Notable Investments: Kredivo, Livspace, Moglix
- MDI Ventures
- Details: MDI Ventures is a corporate venture capital initiative by Telkom Indonesia. It focuses on investing in technology startups that can create synergies with Telkom's business units.
- Investment Focus Areas: Technology, Telecommunications, Fintech
- Notable Investments: PayFazz, FinAccel, SiCepat
What's Next for waresix?
Waresix's recent $1.9 million Series B funding round highlights the significant opportunities available for the company to expand its logistics services and enhance its technology platform. This investment positions Waresix to capitalize on the growing interest in the logistics and technology sectors within Southeast Asia.
As Waresix continues to attract investor interest, future fundraising opportunities seem promising. The additional capital will enable the company to scale its operations and potentially enter new markets, further solidifying its market position.
However, Waresix may face challenges such as competition, regulatory hurdles, and the need for continuous technological innovation. Navigating these obstacles will be crucial for sustaining growth and achieving long-term success in the dynamic logistics industry.
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