Indonesian SaaS startup Advotics raises new funding in East Ventures-led round

Indonesia-based Advotics, a software-as-a-service startup that provides data-driven supply chain solutions for small and medium-sized enterprises, said that it raised an undisclosed sum in its latest funding round.

More funding details

• Lead investor: East Ventures
• Funding round: Undisclosed venture round

More company updates

• Advotics will use the funds to extend its footprint into the SME market and expand its sales team.
• With this expansion, it aims to capitalize on Indonesia’s growing enterprise software market, which the startups estimates has reached US$3 billion and will keep on growing.
• Advotics said it has worked with over 70 companies in Indonesia, providing solutions across production, warehousing, and distribution.

For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.