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Aditya Hadi Pratama · · 1 min readTencent, Warburg Pincus pour $12m into Indonesian tax management platform
Indonesia’s OnlinePajak, a software-as-a-service (SaaS) platform that helps individuals and businesses calculate and pay their taxes, has raised almost US$12 million in a series C round, according to data from VentureCap Insights.
More funding details
- Lead investors: Tencent and Altos Ventures
- Existing investor: Warburg Pincus
- Stage: Series C
More company updates
- VentureCap pegged OnlinePajak’s valuation at around US$179 million.
- Tencent’s and Altos Ventures’ investment vehicles both plunked down almost US$5 million to purchase 16,368 shares each at US$305.47 apiece. Warburg Pincus invested the remaining US$2 million.
- Tencent also bought 29,293 secondary shares from several investors, including Alpha JWC Ventures.
- OnlinePajak and Alpha JWC Ventures declined to comment on the investments when asked by Tech in Asia.
- The SaaS company most recently raised funding in October 2018, securing US$25 million in series B funding from Warburg Pincus, Endeavour Catalyst, Global Innovation Fund. Existing investors Alpha JWC Ventures, Sequoia Capital, and Primedge also took part in the round.
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.
Editing by Miguel Cordon and Arpit Nayak
(And yes, we’re serious about ethics and transparency. More information here.)
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