Key Takeaways:
- iMotorbike, a leading online marketplace for motorcycles, secured MYR 12 million in a Series A funding round.
- Gobi Partners and Ondine Capital led the round, with participation from prominent investors like 500 Global, Goodwater Capital, Orbit Startups, Penjana Kapital, Permodalan Negeri Selangor Berhad, Seedstars, and The Hive Southeast Asia.
- This round raises iMotorbike’s total funding to USD 4,122,347, marking its 8th successful funding round.
- iMotorbike will leverage the new funds to expand its footprint in Asia and to bolster its services.
A new funding milestone for iMotorbike, the number one online marketplace for buying and selling motorcycles. The Singapore-based start-up has raised an impressive MYR 12 million (approximately USD 2.9 million) in a Series A funding round, marking a significant upshift in the company’s financial journey.
Leading the pack in the latest round were Gobi Partners and Ondine Capital. Other major participants included 500 Global, Goodwater Capital, Orbit Startups, Penjana Kapital, Permodalan Negeri Selangor Berhad, Seedstars, and The Hive Southeast Asia.
According to the company’s Crunchbase profile, this investment marks iMotorbike’s 8th funding round. The start-up’s total funding amount now stands at an impressive USD 4,122,347, positioning iMotorbike to further expand its influence in the Asian automotive marketplace.
iMotorbike, which has established itself as a leading player in the automotive, e-commerce, internet, and marketplace sectors, intends to use the fresh capital to bolster its services and increase its market reach. The company offers a fast, safe, and secure way for customers to buy and sell motorcycles, and is continually looking for ways to improve the overall user experience.
Given the successful conclusion of its Series A round, iMotorbike is well-positioned for its next phase of growth. It’s clear that the company’s innovative platform is turning heads in the investor community and that iMotorbike is setting the pace in the online motorcycle marketplace.
Stay tuned for more updates on how iMotorbike will drive the evolution of the motorcycle industry in Asia and beyond.
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