JumpStart Raises Series B Funding Led by Cool Japan Fund and Living Lab Ventures
Recorded 400% revenue growth and positive EBITDA throughout 2022
Developer startup coffee vending machinesjump start raised Series B funding at an undisclosed amount, led by Cool Japan Fund (CJF) and Living Lab Ventures. Previously, JumpStart received series A funding from GDP Venture in 2018.
In his official statement, JumpStart CEO Brian Imawan said that his party would increase the number and variety of vending machines and update technology so as to increase user loyalty. It is ready to expand to several other big cities, such as Java and Bali, in the middle of this year.
"JumpStart wants to realize its mission to provide a more attractive shopping experience for consumers. Recruiting a quality team is also our focus in developing JumpStart's business to be more competitive in the Indonesian market," said Brian.
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