Amount Raised
$294 Million
Round Type
Funding Round
Description
Funding Societies (which goes by Modalku in Indonesia), Southeast Asia's largest SME digital financing platform, today announced that it has raised* US$144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with new investors notably Vietnamese tech giant VNG Corporation, Rapyd Ventures, Asia-based global investor EDBI, Indies Capital, K3 Ventures, and Ascend Vietnam Ventures. The company also received US$150 million in debt lines from institutional lenders across Europe, the United States, and Asia, some of which have been drawn down since 2021. This comes on the back of its US$45 million Series C raised between 2020 and 2021.
Quick answer
Funding Societies raised $294 Million in a Funding Round round, dated February 16, 2022.
- How much did Funding Societies raise?
- Funding Societies raised $294 Million in a Funding Round round on February 16, 2022.
- What does Funding Societies do?
- Funding Societies | Modalku is the largest SME digital financing platform in Southeast Asia, expanding into a leading SME neobank.
- Where is Funding Societies based and how big is it?
- Fundz records about 350 employees.
Source: Fundz verified event record.
Who else raised in Financial Services and Mobile around the same time
Companies in the same sectors as Funding Societies that raised within 45 days of this round, from Fundz verified event records.
- Nucleus Security raised $20M on March 24, 2022.
- Nucleus Security raised $20M (Series B) on March 23, 2022.
- Tonik raised $131M (Series B) on February 9, 2022.
- Digibee raised $25M (Series A) on February 3, 2022.
- Get Paid raised $1.1M (Seed) on January 14, 2022.
- Parler raised $20M (Funding Round) on January 7, 2022.
Who to call at Funding Societies, and when
A new round usually means Funding Societies is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Funding Societies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Funding Societies, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Funding Societies. With Fundz connected, it knows.
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Fundz sees it the moment Funding Societies raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Societies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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