AC Ventures – the new entity formed after the merger of Indonesian VCs Agaeti and Convergence – has led the seed funding round for local restaurant ERP startup, ESB, just before the COVID-19 pandemic outbreak, according to two people close to the development.
The seed round is said to be in the sub-$3 million range, the people mentioned above said. The company co-founder declined to talk about the fundraising exercise while AC Ventures did not comment on the development.
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