Two Indonesian startups, Sirclo and McEasy, have secured additional funding from existing investors amid challenges in the funding landscape. This information is based on regulatory filings, as reported by Alternatives.pe.

E-commerce enabler Sirclo received US$38 million in funding from East Ventures, SMDV, and Vertex Ventures.

This latest round brings the company’s total equity funding to approximately US$212.8 million. Liquidation preferences increased to 2x after this funding round.

Meanwhile, SaaS transportation management startup McEasy raised an additional US$3 million in its Series A2 round, led by Granite Asia.

This amount supplements the Series A funding initiated last year, bringing the total raised in this round to US$13 million.

🔗 Source: Daily Social