Smart city app Qlue secures funding from Telkom Indonesia VC
Qlue, a smart city app developer from Indonesia, announces today that it has raised funding from state-owned telco company Telkom Indonesia through its venture capital arm MDI Ventures, reported by Deal Street Asia.
With this funding, Qlue officially closes its Series A round since 2016 which had been featuring investments from Prasetia Dwidharma and consultant firm Juvisk, raising a total of US$1 million.
The round continued on to 2017, with GDP Ventures leading the round.
The funding is said to be used to hire AI-talent.
Qlue was a graduate of Google Launchpad Accelerator programme. It provides citizens a platform to report and share civic issues in their neighbourhood to city authorities and enterprises while also allowing users to access real-time information on traffic and public transport.
“We’re looking to expand into multiple sectors including public transportation, real estate, state-owned enterprise, and manufacturing in 2019,” said Qlue CEO Rama Raditya.
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Recently, Qlue was selected for the third round of the Ecosystem Accelerator Innovation Fund program by GSM Association (GSMA), a worldwide association of telecommunication operators.