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.

Oct 02, 2024•about 1 year ago

Amount Raised

$25 Million

Round Type

series a

JakartaFleet ManagementAutomotive

Investors

Pksha CapitalMufg Innovation PartnersQuona CapitalAc VenturesOpenspace

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.

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.

Related People

4 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends