Indonesia’s SMDV leads US$20M funding round for Thai SaaS platform Eko

 

Eko was founded by an heir to the Chearavanont family, the Thai
conglomerate behind the Charoen Pokphand Group

Thailand-based business communication and collaboration platform
developer Eko has recently
announced a US$20 million Series B funding round led by Sinar
Mas Digital Ventures (SMDV),
with the participation of other investors such as RedBeat Ventures
(an investment unit of AirAsia), East Ventures, and Gobi
Partners.

Eko Founder & CEO Korawad Chearavanont said that the funding
will be used to support international expansion to Europe, the UK,
and the US. The founder himself is an heir to the Chearavanont
family, the Thai conglomerate behind the Charoen Pokphand
Group.

The Eko platform might remind us of platforms such as Slack,
Microsoft Team, and Facebook Workplace. But Chearavanont said that
the product is developed to go beyond communication and
collaboration. It also includes features to support remote
working.

The Eko app has features that were designed to support work flow
such as hierarchical approval system, digital signature, and even
auditing facilities. It is also designed to facilitate companies in
various sectors from hospitality, retail, corporation,
construction, to healthcare.

As a SaaS platform, Eko is being offered through subscription
service, with packages that suit companies of different sizes.

According to an IDC research, collaboration platforms still have
a great potential in the market, which is expected to reach US$31
billion by 2022. The growth is supported by a recent trend among
companies, which sees them transforming their internal culture
digitally.

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