Fundz

Broom raised $25 million in a Series A+ funding round led by Openspace to expand its operations in Indonesia and improve the used car market.

PRIVATEOct 02, 2024

Amount Raised

$25 Million

Round Type

Series A

JakartaAutomotiveFleet Management

Investors

AC VenturesQuona CapitalMUFG Innovation PartnersPksha CapitalOpenspace

Description

Broom, an Indonesia-based startup focusing on the used car market, has secured $25 million in a Series A+ round. This funding will help Broom address challenges in car supply, stock turnover, and sales as well as expand its presence across Indonesia.

Quick answer

Broom raised $25 Million in a Series A round, dated October 2, 2024. Investors: AC Ventures, Quona Capital, MUFG Innovation Partners, Pksha Capital and Openspace. Broom is based in Jakarta, DKI Jakarta, Indonesia.

How much did Broom raise?
Broom raised $25 Million in a Series A round on October 2, 2024.
Who invested in Broom?
AC Ventures, Quona Capital, MUFG Innovation Partners, Pksha Capital and Openspace are named as investors in this round.
What does Broom do?
Broom is an Indonesia-based startup focusing on the used car market.
Where is Broom based and how big is it?
Broom is based in Jakarta, DKI Jakarta, Indonesia. Fundz records about 124 employees.
Who are the decision-makers at Broom?
Fundz holds 3 contacts at Broom. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Automotive and Fleet Management around the same time

Companies in the same sectors as Broom that raised within 45 days of this round, from Fundz verified event records.

  • MOOEV Technologies raised $475K (Seed) on November 6, 2024.
  • Automoto raised $12M (Pre-Seed) on October 21, 2024.
  • Everest Fleet raised $30M (Series C) on September 20, 2024.
  • TransTRACK raised $12M (Series A) on August 30, 2024.
  • Vecmocon Technologies raised $10M (Series A) on November 15, 2024.
  • Zelos Technology raised $100M (Funding Round) on November 11, 2024.

Who to call at Broom, and when

A new round usually means Broom is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Broom raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Broom, from your own LinkedIn network

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Company Information

Company

Broom

Location

Jakarta, DKI Jakarta, Indonesia

About

Broom is an Indonesia-based startup focusing on the used car market. It aims to tackle challenges such as car supply, stock turnover, and sales inefficiencies. The startup offers innovative solutions like a 'Buyback' product for dealers. With recent funding, Broom plans to expand its operations and deepen industry partnerships.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Broom raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.