Indonesia Digest: Ideosource invests in Cinepoint; InfraDigital bags Series A

Audience members wear 3D glasses to watch a movie at the Tennessee Aquarium IMAX Corp. movie theater in Chattanooga, Tennessee, U.S. Photographer: Luke Sharrett/Bloomberg

Ideosource Entertainment has invested in rating app firm Cinepoint while school payment startup InfraDigital has raised a Series A funding round from AppWorks.

Ideosource Entertainment invests in Cinepoint

Early-stage growth VC firm Ideosource Entertainment has made an undisclosed follow-on investment in rating app firm Cinepoint, the company said in a statement.

Cinepoint’s system allows users and movie-goers to rate films – local and international – by way of an exit poll. It also provides infographic and historical data.

Recently, the VC firm also participated in the funding round of GoPlay, a video and streaming platform of ride-hailing firm Gojek.

Digital school management startup InfraDigital closes Series A

Indonesia-based school payments company InfraDigital has raised an undisclosed amount of Series A funding from existing investor AppWorks.

The company says it will be using the proceeds to help clients meet added demand during COVID19 closures. Moving forward, InfraDigital hopes to expand its footprint to other regions of Indonesia and eventually become a full-stack digital solution for educational institutions.

Founded in early 2018, the InfraDigital platform is used by school administration teams to record and manage cashless school fee collection.

Having raised its seed funding round last year, the company is now active in 13 provinces in Indonesia, from North Sumatera to South Sulawesi, with its platform being deployed in 350 schools serving over 165,000 students.

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.