<article><p>Thailand-based RISE has raised $8 million in a seed round, while Indonesian internet of things (IoT) solutions provider Webtrace has secured an undisclosed amount in seed funding.</p></article>

<p>Thailand-based RISE has raised $8 million in a seed round, while Indonesian internet of things (IoT) solutions provider Webtrace has secured an undisclosed amount in seed funding.</p>
<h3>RISE raises $8 million in seed funding</h3>
<p>Thailand-based RISE, which provides consulting services to corporate and government users on technology, has disclosed raising $8 million in a seed funding round.</p>
<p>Lead investors in the round include Metro Co., D2C (Japan) and Chanwanich Co., the Thai corporate training firm said in a statement Wednesday.</p>
<p>RISE said it will use the funds to expand beyond Thailand to Singapore, Indonesia and Malaysia.</p>
<p>“RISE is able to connect best-in-class tech startups via its Global Accelerator program to collaborate with our internal team in order to accelerate our innovation,&#8221; said Keibun Go, global business alliance head at D2C, in the statement.</p>
<p>Digital advertising firm D2C is a joint venture between Japanese telco NTT DoCoMo and Japanese advertising agency Dentsu.</p>
<p>Kid Parchariyanon, CEO and co-founder of RISE, told DealStreetAsia that the COVID-19 virus outbreak had affected the company’s ability to hold in-person events, leading it to switch to online training.</p>
<h3>Fleet optimization startup Webtrace lands seed funding</h3>
<p>Indonesia-based internet of things (IoT) startup Webtrace has obtained an undisclosed amount of seed funding in a round led by VC firm Prasetia Dwidharma and joined by Astra Ventura, the Indonesian logistics-optimization startup said in a statement.</p>
<p>The announcement confirms an earlier DealStreetAsia <a href="https://www.dealstreetasia.com/stories/prospark-webtrace-agaeti-prasetia-182294/">report</a>.</p>
<p>The company said it plans to use the funding for expansion, including for marketing and customer acquisition.</p>
<p>Webtrace uses IoT technology to gather real-time data and help companies improve their land-transport fleet utilization. The company estimated Indonesia&#8217;s land-based logistics spending would reach $290 billion by 2020; it added the country&#8217;s 9.6 million commercial vehicles face tight pricing competition.</p>


Thailand-based RISE, which provides consulting services to corporate and government users on technology, has disclosed raising $8 million in a seed funding round.

SEA Digest: Thailand's RISE, Indonesia's Webtrace raise seed funding

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SEA Digest: Thailand's RISE, Indonesia's Webtrace raise seed funding

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