Fundz

Kkr Leads Series C Round In Indonesian Digital Trust Provider Privy

PRIVATENov 14, 2022

Round Type

Series C

Software Development

Investors

GGV CapitalMDI Ventures

Description

KKR, a leading global investment firm, and Privy (the “Company”), a leading digital trust provider in Indonesia, today announced the signing of definitive agreements under which KKR will participate as the lead investor in the $48 million Series C funding round of Privy, with participation from existing investors MDI Ventures, GGV Capital and Telkomsel Mitra Inovasi (“TMI”), and new investors including Singtel Innov8. The investment will help Privy strengthen its leading position as a digital signature and digital identity provider in Indonesia, support the development of new consumer and enterprise products to enable Indonesians and businesses to access a wider range of services securely and accelerate broader digital transformation.

Quick answer

Privy raised an undisclosed amount in a Series C round, dated November 14, 2022. Investors: GGV Capital and MDI Ventures.

How much did Privy raise?
Privy raised an undisclosed amount in a Series C round on November 14, 2022.
Who invested in Privy?
GGV Capital and MDI Ventures are named as investors in this round.
What does Privy do?
Privy is the leading digital trust provider and the first Indonesian company to join the FIDO Alliance, an International Industry Association with the mission to create a safe and user-friendly global authentication..
Where is Privy based and how big is it?
Fundz records about 6 employees.
Who are the decision-makers at Privy?
Fundz holds 1 contact at Privy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software Development around the same time

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

  • SpiderOak, Inc. raised $16M on December 29, 2022.
  • Sonar Software raised an undisclosed amount on December 23, 2022.
  • BIO-key International raised $2.2M (Seed) on December 22, 2022.
  • RANIERI SOLUTIONS raised $500K (Seed) on December 8, 2022.
  • Durable, Inc. raised $6.3M (Seed) on December 7, 2022.
  • Clarity Financial raised $200K (Seed) on December 4, 2022.

Who to call at Privy, and when

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

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Company Information

Company

Privy

About

Privy is the leading digital trust provider and the first Indonesian company to join the FIDO Alliance, an International Industry Association with the mission to create a safe and user-friendly global authentication standard. Privy is listed in Forbes Asia 100 to Watch 2021 and a Certificate Authority rooting the Indonesia’s national root CA operated by the Ministry of Communication and Informatics. According to the data reported to the Ministry of Communication and Informatics by Indonesian Certificate Authorities, approximately 80% of newly issued digital certificates in 2020 were issued by Privy. Privy is also the first E-KYC provider officially registered at Indonesia’s Financial Service Authority (OJK) and the only digital trust provider which passed the regulatory sandbox of Indonesia’s Central Bank (BI). Since 2019, Privy has gained official agreement to access Indonesian national identity data and facial biometrics administered by Indonesian Directorate General of Population and Civil Registration, Ministry of Homeland Affairs to verify the identity of its user with the highest accuracy. In October 2022, Privy just received the Finance Minister’s decree, enabling Privy to serve both individual and institutional taxpayers to digitally sign tax related documents using their respective PrivyID or EnterpriseID. Privy’s CEO, Marshall Pribadi, is currently serving as the chairman of Indonesia Regtech and Legaltech Association (IRLA), Vice Chairman of Indonesia Fintech Association (AFTECH), an Endeavor Entrepreneur, and listed in Forbes Asia 30 under 30 2017.

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Privy 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.