Ecoxyztem Paves the Way for Greentech Startups

Summary

Venture builder for greentech startup Ecoxyztem has secured funding for an undisclosed amount from Pegasus Tech Ventures, PT TAP Applied Agri Services, PT Konservasi Hutan Indonesia, and angel investor Medco Foundation Chairman Roni Pramaditia. Co-founder and CEO of Ecoxyztem Jonathan Davy said the fresh funds would be forwarded to startups engaged in the environment and climate tech sectors.

According to him, Ecoxyztem will use the funds to develop four startups. Ecoxyztem also wants to expand to more business players in the climate tech sector who contribute to reducing greenhouse gas emissions in Indonesia. "According to its work pillars, Ecoxyztem tries to provide quality human resources, assistance in venture architects for business modeling, supports market penetration by business matchmaking, and raises capital," Jonathan said Wednesday.

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