Research from e27, e27

Research from e27

e27 is Asia's largest Tech media platform. We cover the latest news on emerging and disruptive businesses across the region.

Equity Capital Markets

<ul><li>Broom, a tech startup empowering Indonesia’s used car showroom ecosystem, has closed a US$25 million Series A extension investment round led by Openspace Ventures.</li><li>AC Ventures, Quona Capital, MUFG Innovation Partners, and PKSHA Capital also participated.</li><li>Additionally, Broom has secured credit facilities from various institutions, including Komunal, Funding Societies Capital, Modalku Finansial Indonesia, Alami, Koinworks, Helicap, and DBS Indonesia, as well as support from several high-net-worth individual investors.</li></ul>

Broom, a tech startup empowering Indonesia’s used car showroom ecosystem, has closed a US$25 million Series A extension investment round led by Openspace Ventures.AC Ventures, Quona Capital, MUFG Innovation Partners, and PKSHA Capital also participated.Additionally, Broom has secured credit facilities from various institutions, including Komunal, Funding Societies Capital, Modalku Finansial Indonesia, Alami, Koinworks, Helicap, and DBS Indonesia, as well as support from several high-net-worth individual investors.

Indonesia’s Broom bags US$25M funding to accelerate market expansion | e27

Private Capital Markets

<ul><li>Broom, an all-in-one automotive SME solutions startup in Indonesia, has secured US$10 million in a pre-Series A funding round</li><li><p>Jakarta-headquartered Broom will use the money to diversify its product offerings and further accelerate dealer inventory turnover.</p></li><li><p>Established in 2021, Broom provides an end-to-end financial solution for auto dealer inventories.</p></li></ul>

Broom, an all-in-one automotive SME solutions startup in Indonesia, has secured US$10 million in a pre-Series A funding roundJakarta-headquartered Broom will use the money to diversify its product offerings and further accelerate dealer inventory turnover.Established in 2021, Broom provides an end-to-end financial solution for auto dealer inventories.

Auto Dealer Financing Startup Broom Bags US$10M to Diversify Product Offerings

Indonesia

PT. Teknologi Usaha Nusantara, doing business as Broom, develops application software. The Company offers a platform that help to solve used-car showroom business problems. Broom serves customers in Indonesia.

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Broom (2211484D IJ)

Indonesia’s Broom bags US$25M funding to accelerate market expansion | e27

Broom, a tech startup empowering Indonesia’s used car showroom ecosystem, has closed a US$25 million Series A extension investment round led by...

e27

Auto Dealer Financing Startup Broom Bags US$10M to Diversify Product Offerings

Over the past year, Broom claims to have transacted over US$300M in inventory through its Buyback scheme and onboarded over 5K used car dealers

e27

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