What is Coldspace?
Coldspace operates as a specialized provider of integrated cold chain logistics, offering a comprehensive suite of services that encompass storage, distribution, and value-added logistics support. By positioning itself as a critical node in the supply chain, the company addresses the growing demand for temperature-controlled infrastructure in Indonesia. Its market position is defined by its commitment to operational excellence and its ability to facilitate the movement of goods across diverse value chains, effectively mitigating the risks associated with perishable product handling.
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
A prominent transportation services provider in Indonesia managing a vast fleet of over 25,000 vehicles and serving more than 1,500 corporate clients.
Intudo Ventures
An Indonesia-focused venture capital firm that combines Silicon Valley expertise with deep local market insights to support the growth of the digital ecosystem.
Triputra Group
A diversified conglomerate with extensive interests in agribusiness, manufacturing, and services, committed to sustainable economic growth and community development.
What's next for Coldspace?
Looking ahead, the recent capital allocation will likely be directed toward expanding the company's physical footprint and upgrading its technological stack to optimize distribution efficiency. As Coldspace transitions from its initial development phase into a more mature enterprise-level operation, the focus will shift toward scaling its network of service centers and deepening its integration with local and regional partners. This strategic growth phase is expected to solidify the company's leadership in the cold chain sector, enabling it to capture a larger share of the burgeoning logistics market while maintaining high standards of service quality and operational reliability.
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