The round also saw participation from existing Japan-based investor SBI Holdings, and succeeds the platform’s $23.5 million Series C of March 2020, which was led by MUFG Innovation Partners and Bank Rakyat Indonesia Ventures.
As part of the round, Investree will establish a joint venture in the Qatari capital Doha with its lead investor, forming JTA Investree Doha Consultancy. According to the platform’s latest statement, the venture will seek to “bring innovative technology built in Indonesia to empower micro, small and medium enterprises (MSMEs) in Qatar, Middle East and Central Asia”.
