Indonesian content network platform GetCRAFT is in talks with potential investors to raise more than $5 million in a Series A funding round, which it expects to close in the last quarter of this year.
GetCRAFT provides a platform that connects brands and agencies to content creators and marketers across the globe. In early 2017, the Jakarta-based startup raised a seed round from 500 Startups and Convergence Ventures to speed up its tech development and expansion into the Philippines and Malaysia.
Speaking to DEALSTREETASIA, GetCRAFT co-founder and group CEO Patrick Searle said the startup was currently in early discussions with multiple global venture capital firms for the Series A round, with existing investors also likely to participate.
The funds raised from the upcoming round, Searle added, will be used to finance the company’s global expansion.
“It’s still early days but by the end of 2019 we plan to have offices in every APAC country,” he said.
Since its inception in 2014, Searle says GetCRAFT has been growing at a rate of 10 per cent every month. The startup, which claims to be profitable, has worked with 250 brands/agencies on over 3,000 projects worth a total of over $10 million.
GetCRAFT recently launched its online content marketplace integrated into its original platform. As a content marketplace, GetCRAFT claims it does not have any direct competitors but considers itself as possibly a niche version of Freelancer.com, UpWork & Fiver built specifically for the creative industry.
The startup has also decided to completely open up the access to its platform as Searle believes that limited access was not a “viable business model” moving forward.