What is Esb?
Founded in 2015, Esb operates as a fully integrated restaurant management software as a service (SaaS) platform within Indonesia. The company provides comprehensive solutions designed to streamline operations for restaurants, addressing key aspects of the food service industry through technology. Esb's platform likely encompasses features such as point-of-sale systems, inventory management, customer relationship management, and potentially online ordering and delivery integrations, catering to the digital transformation needs of the local culinary market.
How much funding has Esb raised?
Esb has raised a total of $36.6M across 2 funding rounds:
Series A
$7.6M
Series B
$29M
Series A (2021): $7.6M with participation from Vulcan Capital Management, Skystar Capital, Beenext, Alpha JWC Ventures, and AC Ventures
Series B (2022): $29M led by Northstar Group and Alpha JWC Ventures
Key Investors in Esb
Vulcan Capital Management
Vulcan Capital Management is a diversified private equity investment firm based in New York, focusing on unique investment opportunities in oil & gas, coal, power, and energy assets. The firm targets middle-market assets, leveraging extensive market knowledge to generate significant returns for institutional and private investors, including large endowments and pension plans.
Skystar Capital
Skystar Capital is an early-stage venture capital firm dedicated to empowering tech entrepreneurs in Southeast Asia and Indonesia. The firm has a proven track record of supporting founders in scaling their businesses, creating jobs, and fostering innovation.
Beenext
BEENEXT is a founder-first venture capital firm that supports bold ideas from innovative entrepreneurs across various sectors. With a global community of passionate founders and investors, they emphasize collaboration, networking, and the sharing of knowledge.
What's next for Esb?
With the recent major strategic investment, Esb is poised for accelerated growth and expansion. The substantial capital infusion, part of its $36.6M in total financing, suggests a focus on scaling operations, enhancing its technological offerings, and potentially broadening its market reach within Indonesia and possibly beyond. This funding round, following its Series A and Series B, indicates strong investor confidence in Esb's business model and its capacity to capture a larger share of the restaurant technology market. Future developments may include further platform innovation, strategic partnerships, and increased market penetration.
See full Esb company page
