Jakarta-based edtech startup Gredu has announced a pre-Series A financing from Vertex Ventures, while Malaysian e-commerce and logistics service provider Epost has raised a $700,000 seed round led by Vynn Capital.
Indonesian’s Gredu snags pre-Series A funding from Vertex Ventures
Indonesian education technology startup Gredu has secured an undisclosed sum from Vertex Ventures, the venture capital arm of Singapore state-owned Temasek Holding.
In an interaction with DealStreetAsia, the company said the fresh capital will be used for market penetration.
Founded in 2016, Gredu is an edutech platform that aims to improve the overall schooling experience, for teachers, parents, and students.
Its offerings include Gredu Student, Gredu Teacher, Gredu Parent and Gredu Management System. In 2020, the company says it will look to expand its products and services.
Following the current round, Gredu will be targeting to raise its Series A round towards the end of this year, according to co-founder and CEO Mohammad Rizky Anies.
Malaysia’s Epost bags $700k seed funding led by Vynn Capital
Epost, a Malaysia-based e-commerce and logistics service provider, has raised a $700,000 seed round of financing led by Vynn Capital, according to an official statement
This round of financing marks the first venture capital investment into the Sabah-based startup.
Founded in August 2018, Epost enables traditional businesses to transform and expand their business in the e-commerce space.
The platform has expanded its business operations across Malaysia, China, Singapore, Vietnam, the Philippines and Brunei, serving five international online marketplaces with 13 e-fulfillment warehouses located at key locations throughout Southeast Asia.
With this round of financing, Epost plans to enhance its operations footprint throughout Southeast Asia, particularly Indonesia and Thailand.