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Indonesian invoicing startup raises $12m

Company provides platform for businesses to create invoices, manage accounting targets small and midsize companies, which still depend heavily on manual methods to manage their business. (Source image from Facebook page)

JAKARTA -- Indonesian invoicing startup has raised $12 million in a Series B funding round led by GoTo-backed venture capital firm Go-Ventures, sources familiar with the matter told DealStreetAsia.

Indonesian venture capital firm Skystar Capital; Living Lab Ventures, the investment arm of local real estate company Sinar Mas Land; U.S.-based investment firm BM Capital; and Redbadge Pacific also participated in the round, the sources added.

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