KKR Invests in Indonesian Digital Signature Startup Privy

By Editorial Team 15/11/2022
startup business
Summary

Digital signature and identity startup Privy has raised US$48 million or around Rp 744 billion in a Series C funding round led by global investment firm KKR. Existing investors also participated in the round, including MDI Ventures, GGV Capital, Telkomsel Mitra Innovation (TMI), and a new investor Singtel Innov8. Privy will allocate the funds to strengthen its market share, accelerate digital transformation, and support the development of consumer products, allowing the public and businesses to access more services securely. The company also plans to expand overseas to accelerate growth with the support of its network of investors.

"With KKR's support and global experience, combined with the support of MDI Ventures, GGV Capital, and TMI as investors who have played a key role in helping us achieve our success so far, Privy is well positioned to innovate further with stronger offerings and capabilities, and build a strong foundation for overseas expansion," Privy co-founder and CEO Marshall Pribadi said in an official statement on Monday.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.