Jago Coffee raised $2.2 M Pre-series A funding from multiple investors
Intudo Ventures, Beenext, CyberAgent Capital, and Arkblu Capital participated in a pre-series A investment round that secured US $2.2 million for the Indonesian mobile café business Jago Coffee.
Jago, a 2020 startup, provides ready-to-drink coffee through its smartphone. When they reach their location, they transform their portable carts into “little cafes” and make the customer’s hot beverage there and then. Additionally, the carts have a portable fridge for keeping cold drinks.
Yoshua Tanu and his relative Christopher Oentojo created the business. The former serves as vice president of products at Gojek, and the latter is a co-founder of the high-end coffee chain Common Grounds.
Daniel Sidik, the co-founder of the Korean-style hotdog chain Reddog, just joined Jago as the company’s chief operating and marketing officer.
The business intends to utilize the additional capital to expand its workforce and add 200 mobile café carts, which will serve 20 hyperlocal neighborhoods of Jakarta.
Pre-seed money totaling US $250,000 was provided to Jago by Beenext, Prasetia Dwidharma, and coffee businessman Hidenori Izaki last year.