1. Startups

SerMorpheus Raises 37 Billion Rupiah Funding, Bridges Local Brands Into the Web3 Ecosystem

SerMorpheus' seed funding round was led by Intudo Ventures, followed by 500 Global, Febe Ventures, AlphaLab Capital, BRI Ventures and Caballeros Capital

SerMorpheus, platforms Web3 enablers local government, announced a seed funding of $2,5 million or more than 37 billion Rupiah. The round was led by Intudo Ventures, followed by 500 Global, Febe Ventures, AlphaLab Capital, BRI Ventures, and Caballeros Capital.

With this funding round, SerMorpheus will focus on developing technology infrastructure to bridge the gap between web3 and the needs of Indonesian brands/consumers; and recruit top talent across all functions.

Launched in January 2022, SerMorpheus is a platform focused on bridging brand and retailers to the new digital economy. Companies develop NFTs and maintain utilities that allow them to connect directly with users and communities. And create value through personalized shopping experiences.

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