Aditya Hadi Pratama · · 1 min readSG website builder raises $9m in series A money
Plugo, a Singapore-based website building platform, has raised US$9 million in a series A funding round led by Altos Ventures, with participation from BonAngels Venture Partners and Access Ventures.
Photo credit: Plugo
Founded earlier this year, Plugo enables Indonesian sellers to build their own online stores, integrating payment, logistics, and marketing services. The platform is currently in closed beta and is set to be released to the public early next year.
It plans to use the fresh funding for product development and hiring purposes.
The firm was established by KyungMin Bang, who previously founded CodeBrick, a South Korea-based firm that ran a similar service in Indonesia called TokoTalk. The service was shut down on October 28.
See also: Indonesian D2C beauty brands build foundation for regional expansion
Other investors in Plugo’s funding round include:
- Mahanusa Capital
- Prodigy Investment
- Pearl Abyss Capital
Editing by Miguel Cordon and Lorenzo Kyle Subido
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