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McEasy raises $11 million in Series A+ funding led by Granite Asia for IoT and SaaS solutions in transportation and supply chain ecosystem.

PRIVATEJun 05, 2024•about 2 years ago

Amount Raised

$11 Million

Round Type

Series A

JakartaSoftwareTransportationSaasLogistics

Investors

East VenturesGranite Asia

Description

McEasy, an Indonesia-based IoT and SaaS enterprise company, has raised Series A+ funding from Granite Asia as the lead investor, followed by existing investor East Ventures. The $11 million funding will be used to accelerate the development of new IoT solutions, artificial intelligence video-based transportation safety, and customer-first supply chain ecosystem products.

Company Information

Company

McEasy

Location

Jakarta, DKI Jakarta, Indonesia

About

McEasy is an Indonesia-based internet-of-things (IoT) and software-as-a-service (SaaS) enterprise company focused on transforming Indonesia’s transportation and supply chain ecosystem.

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Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

Monthly burn rate benchmark

47% of Series A startups spend $400k or more per month on operations

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