Funding Alert

Indonesian construction-focused platform Juragan Material bags US$4 million in a seed funding round

• ByStartupStory     |    July 4, 2022

Indonesian Juragan Material, a B2B construction-focused platform, raised US$4 million in a seed round led by Go-Ventures and joined by Susquehanna International Group. The organization expressed that by and large, it has multiplied its gross product esteem each month, all while keeping up with positive unit financial aspects.

Founded in 2021, Juragan is a marketplace which allows businesses to source building materials from suppliers. Tito Putra, the company’s CEO, and co-founder, said Juragan aims to address the frustration faced by contractors and suppliers in sourcing materials and helps them in managing projects effectively. It has over 9,000 stock-keeping units and hosts more than 180 brands covering structural, architectural, mechanical, and electrical products.

The Indonesian startup hopes to fortify its expansion endeavours and reinforce the abilities of its product ecosystem. It will also diversify its team by employing in important positionons in product, engineering, sales, and operations.

“This new funding will allow us to scale our impact through continuing to improve our platform and launch more innovative tech solutions, such as workflow management tools and services to drive greater efficiencies and transparency to support the productivity of our stakeholders,” comments Tito Putra.

 

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