Resume Ranks, which has raised $500k from angel investors, is planning to launch in parts of the US, Indonesia, Thailand and Singapore in the second quarter of 2019.
The Jakarta-based startup was part of the fourth batch of Ideabox accelerator. Andalin raised its seed round in January 2017 from Mountain Partners.
Indonesia has seen quite a few VC investments in coffee shops including Kopi Kenangan, which secured $8 million from Alpha JWC.
Mandiri Capital Indonesia, the VC arm of Bank Mandiri, led a $2-million round into Cashlez last year.
Unlike its previous fund, which was derived fully from the balance sheet of Bank Mandiri, the new fund will be mostly raised from external LPs.
Sovereign’s Capital typically makes growth-stage investments in consumer SaaS, B2B tech, healthcare IT, and medical device startups with $500,000 to $10 million in revenue.
The vehicle will predominantly focus on early-stage deals in the US and Indonesia.
Tadotv’s existing investors include Merah Putih, Stellar Kapital, Prasetia Dwidharma, Benson Capital and Everhaus.
East Ventures partnered with local coffee chain Otten to launch Fore Coffee, a tech-driven, on-demand concept store in 2018.
In 2016, LogiNext had acquired YourGuy, a cross-category last mile delivery company in Mumbai