Singapore-headquarted software company Ematic Solutions, has raised nearly US$1 million in a pre-Series A funding. This takes the total funding to US$2 million, including an earlier seed funding round.
The investment comes from MDI Ventures, a corporate venture capital initiative by Telkom Indonesia.
Following the investment, the company also announced the opening of its Jakarta office, which is its first customer-focused office outside of Singapore. According to a media statement, it will pave the way for online retailers in Indonesia to increase the effectiveness and return on investment of their digital marketing efforts in the midst of a rapidly growing market.
Ematic Solution also said that it is actively recruiting a customer success team to work with Indonesian companies.
"Our Jakarta office will be able to provide digitally-driven companies the tools to modernise how they reach their customers, with lower investment and higher return," said Paul Tenney, founder and CEO of Ematic Solutions.
"Indonesia has the largest Internet population in Southeast Asia, which is set to grow at a blistering pace. There has been a huge pull for us from regional and local online retailers to be in Indonesia to help these retailers capitalise on this opportunity. MDI Ventures' investment and market insight will help us to rapidly expand our market reach. Leveraging Telkom Indonesia's 150 million customer base and its vast network, I believe Ematic will achieve even greater growth," he added.
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