Aditya Hadi Pratama · · 1 min readIndonesian ecommerce enabler bags $1m from investors in US, London
Opaper, an Indonesia-based ecommerce enabler, has raised US$1 million in pre-seed funding from London-based Ratio Ventures as well as US-based OnDeck and Precursor Ventures.
Image credit: Opaper
Opaper allows business owners to set up online stores, manage their inventory, and accept payments. It has so far onboarded more than 19,000 online sellers, registering 60% user growth every month.
Joanathan McIntosh, who was a product manager at Silicon Valley-based Lacuna Technologies, established the company in May last year.
According to McIntosh, the firm received the funding in 2021 and has used it to build its tech and team. It currently has around 27 employees.
See also: Can Indonesia’s Shopify-like startups usurp ecommerce giants?
Other investors in Opaper’s latest round include:
- GFT Ventures managing partner Jay Eum
- Bill.com CEO Bora Chung
- Tenor founder Frank Nawabi
Editing by Miguel Cordon and Jaclyn Tiu
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