Nimbly Raises 67 Billion Rupiah Pre-Series A Funding, Central Indonesian Market Becomes a Priority
Led by Insignia Ventures Partners with participation of Sovereign Capital and Saison Capital
Singapore-based business operations automation service development company "Nimbly" has received pre-series A funding of $4,6 million or equivalent to 67 billion Rupiah. The round was led by Insignia Ventures Partners, with participation from Sovereign's Capital and Saison Capital. Fresh funds will be focused on accelerating business growth in the Southeast Asia region.
Daniel Hazman as Founder & CEO Nimbly Technologies in a joint interview DailySocial mentioned that the company is in a phase of explosive growth and wants to expand its business further beyond Indonesia.
For approximately three years of operation, Nimbly has been available in seven countries including Indonesia, Singapore, Malaysia, to the United States. Most of their clients come from the retail and F&B industry, such as KFC, Kopi Kenangan, 7-Eleven and Under Armor.
The company also known as Hello Nimbly It offers services that can help companies automate their business operations, such as integrating platforms spreadsheete-mail, and instant messaging by combining their functions into one application. Includes checklists, audits and live video to ensure that standard operating procedures are followed at all locations.
Regarding the target through this funding, Daniel also said, "We are still targeting companies in the F&B, agriculture, retail, manufacturing, facilities management, and FMCG industries based in Southeast Asia. We focus on Indonesia first because it is the largest market in the region. ; when we want to expand to the rest of Southeast Asia, Singapore is the perfect place for that."
Daniel had mentioned his plan to enter the banking industry. However, when mentioned again regarding the plan, his party said that they would still focus on the industry that they had been working on so far.
To quote Insignia Ventures Partners, founding managing partner of Yinglan Tan, “SaaS companies are now a growing vertical in Southeast Asia with more businesses coming of all sizes and across industries looking to transform and expand into the software space.”
"We look forward to becoming one of the world-class organizations' top choice partners in their digital transformation journey," concluded Daniel.