Indonesian media Studentpreneur nabs seed funding from local investors, including former mayor of Surabaya

Surabaya-based media startup Studentpreneur announced today it received seed funding of an undisclosed amount from a group of local investors including Bambang Dwi Hartono, the former Mayor of Surabaya, Indonesia’s second largest city. This investment will be used to expand Studentpreneur’s community-building efforts in five other Indonesian cities including Jakarta, Bandung, Semarang, Yogyakarta, and Malang. Studentpreneur says it also aims to accelerate its vision of building a business ecosystem for Indonesia’s youth.

Dwi Hartono will join the board of directors at Studentpreneur. Endang Tjaturahwati, former Bank BPR commissary, will also join the board of directors as a financial advisor. The two new board members are seasoned veterans in East Java’s business domain, according to the startup, and the company expects them to increase public trust in the company.

Studentpreneur is arguably the biggest business magazine dedicated to young entrepreneurs in Indonesia with more than 10,000 readers. It is available in a print at several local bookstores. The digital edition can be found on ereader apps Wayang Force and Scoop.

The magazine was founded in March 2013 with their mission to create a mass media and business community for Indonesian youth. Studentpreneur claims to now receive around 1 million page views per month. According to the startup, it now has 9,000 members in its community database, most of whom are also from Surabaya.

See: Surabaya-based Alkemis Games gets funding from East Ventures