Proglix, a platform for business-to-business trading of raw materials, has received US $1.35 million in early funding from investors including 500 Global, Number Capital, and Magic Fund.
The firm, which is located in Indonesia, stated in a statement that it will increase the staff size, customer reach, and product offerings with additional funding.
CEO Wynn Nathaniel, COO Wendy Wijaya, and CTO Prawira Indra created Proglix in 2022. The company’s goal is to make the purchase of raw materials for solar, electrical, industrial, and building systems simpler. Metals, steel, polymers, and electrical supplies are its current areas of concentration.
The company’s platform also makes it easier for SMEs to obtain credit funding.
Throughout the first year of business, Proglix claims to have seen a 66x increase in revenue.
