Waresix, an Indonesian on-demand warehousing company, has secured $14.5 million in Series A financing round.
Indonesian growth investment fund EV Growth led the funding round and was joined by venture capital firm SMDV and Singapore’s Jungle Ventures.
Waresix intends to use the new funds to extend its coverage to support the digital transformation of Indonesia’s domestic freight sector.
In February 2018, Waresix had secured a seed funding round and a pre-Series A round of $1.6 million in October 2018.