SEA Digest: Malaysia’s Digital Media Nusantara, Indonesia’s McEasy raise funds

Co-founder McEasy Hendrik (Left) dan Raymond (Right) (Photo courtesy of McEasy)

Digital Media Nusantara has secured an undisclosed pre-Series A bridge financing from Malaysia Debt Ventures (MDV), while Indonesia’s McEasy has announced a $1.5 million seed funding from East Ventures.

Digital Media Nusantara raises funds from Malaysia Debt Ventures

Digital Media Nusantara, a Malaysian financial technology and media company, has secured an undisclosed pre-Series A bridge financing from the ministry of finance’s subsidiary Malaysia Debt Ventures (MDV), the company said in a statement on Tuesday.

The funding will be used by the company to digitise its media brands, including The ASEAN Post, Reimagining Southeast Asia, and Spotlights Labs, and to develop its machine learning and AI-enabled capital markets analytics platform called Discovery Technologies.

“Digital Media Nusantara’s mission is to bridge the data and information gap surrounding Southeast Asia’s capital markets,” Rohan Ramakrishnan, Digital Media Nusantara founder and managing director, said. 

The company works with software developers in Singapore, India, and Europe to co-develop its complex projects by the first quarter of 2022, the statement said.

Digital Media Nusantara will run additional bridging rounds and targets to close Series A funding in January 2022 to further its business.

Indonesian logistics startup McEasy raises $1.5m

Indonesia’s logistics tracking and management startup McEasy announced on Tuesday that it has secured $1.5 million in a seed funding round from East Ventures for technology development and marketing.

McEasy provides software-as-a-service (SaaS) digital solutions, which include real-time vehicle location tracking, logistics process planning and monitoring, and an app that connects both services, allowing customers to track their vehicle position and operational costs.

The company seeks to use the fresh funding to improve its R&D division and to support its marketing and sales division to reach more players in Indonesia’s logistics sector.

McEasy targets to double the number of vehicles in its system by the fourth quarter of 2021.

“With the current business plan on the table, we believe that the new funds will drive the company’s growth exponentially,” Raymond Sutjiono, McEasy’s co-founder said.

The company, which was founded in 2017 by Purdue University graduates Raymond Sutjiono and Hendrik Ekowaluyo, has benefited from the pandemic that has forced millions of Indonesians to use e-commerce that relies on logistics players.

East Ventures recently led a $36 million funding round in Indonesian e-commerce enabler SIRCLO. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.