What is Coldspace?
Coldspace operates as an integrated cold chain company, dedicated to providing comprehensive logistics solutions. Its services encompass the storage and distribution of products across various value chains, alongside the provision of best-in-class value-added services. The company aims to streamline the entire cold chain process, ensuring product integrity from origin to destination.
How much funding has Coldspace raised?
Coldspace has raised a total of $3.8M across 1 funding round:
Angel/Seed
$3.8M
Angel/Seed (2023): $3.8M with participation from ASSA Logistics, Intudo Ventures, and Triputra Group
Key Investors in Coldspace
ASSA Logistics
ASSA Logistics, established in 2003, is a prominent Indonesian transportation services provider managing a large fleet and serving numerous corporations. Their focus on service quality and operational network expansion aligns with Coldspace's logistics needs.
Intudo Ventures
Intudo Ventures is a venture capital firm exclusively focused on the Indonesian digital ecosystem since 2017. Their investment in Coldspace suggests a strategic interest in the digital transformation and efficiency of logistics operations within Indonesia.
Triputra Group
Triputra Group is a diversified Indonesian conglomerate with interests in agribusiness, manufacturing, trading, services, energy, and education. Their involvement indicates a strategic partnership aimed at leveraging Coldspace's cold chain capabilities within their broader business ecosystem.
What's next for Coldspace?
The recent major strategic investment signals a pivotal growth phase for Coldspace. This capital infusion is expected to fuel expansion initiatives, enhance technological capabilities within its logistics network, and potentially broaden its service offerings. The company is positioned to solidify its market presence and address the growing demand for reliable cold chain solutions in enterprise-level operations.
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