1. Startups

BRIK Reportedly Received Initial Funding of 59 Billion Rupiah Led by AC Ventures [UPDATED]

BRIK is a B2B Commerce platform that sells various construction materials, with the concept of "Raw Materials Aggregator"

Platform developer startups B2B commerce (B2B Raw Materials Aggregator) for building materials "BRIK" reportedly received initial funding from a number of investors. BRIK leverages technology to provide a more efficient financing and distribution experience in the construction ecosystem. They serve institutional customers and retail outlets.

According to sources close to the deal, the nearly $4 million (or 59,5 billion Rupiah) seed funding was led by AC Ventures, with the involvement of Accel, Infra.Market, Alto Partners, BizOnGo, and a number of angel investors --- including executives from YummyCorp, KoinWorks, Bank Aladin Syariah, Bilah Metal, Goldman Sachs, LVMH Catterton, and the Ministry of Education and Technology.

BRIK was founded by 4 people founders, two of whom were former VP SEA Investments at Jardines and one co-founder on iDexpress.

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