East Ventures on Instagram: "The archipelagic makeup of Indonesia has resulted in one of the highest logistics costs in Asia, accounting for nearly a quarter of the country’s US$1 trillion gross domestic product (GDP) . Waresix, Indonesia’s leading trucking and warehousing platform, connects shippers and businesses with available transporters or trucks and warehouse space across Indonesia, providing better transparency, quality of service, and improving income for asset owners . By combining Smart-Matching algorithms and operation excellence, Waresix set themselves apart from other players and yield unprecedented services. Its expansive ecosystem now reaches over 30,000 trucks and 300 warehouse operators across the archipelago . This week, the company announced that it has raised an extension round from EV Growth and Jungle Ventures. The US$11 million extensions come only less than 6 months after the announcement of it’s latest US$14.5 million Series A round led by EV Growth in July 2019, bringing its total capital raised to more than US$27.1 million in equity in the last 18 months . Waresix clearly is the winner in the first and middle mile logistics segment. We have been focusing on the rapid growth of the company and closing 2019 financial year with a profit. It was a small bonus for us as a growth investor. It’s been a long journey for us, Andree, and Edwin since we closed our seed deal in Pacific Place, Jakarta, within hours after our first meeting. We will keep doubling down on them . Read more: bit.ly/Waresix3 . #waresix #eastventures"