Bizzy has previously raised a US$2.5 million funding round led by Ardent Capital

Indonesian B2B e-commerce and e-procurement platform Bizzy has raised a US$8 million pre-Series B funding round, according to a Dealstreet Asia report.

Citing two anonymous sources, the report said that the funding round was led by Sinar Mas Digital Ventures (SMDV).

It followed a US$2.5 million funding round led by Ardent Capital announced during the company’s launch in July 2015.

Bizzy did not immediately respond to e27‘s request for comments.

In May 2017, the Jakarta-based startup acquired B2B online marketplace Alpha for an undisclosed sum.

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At the same time, Bizzy also announced the appointment of Alpha CEO and Founder Andrew Mawikere as its new CEO, while previous CEO Peter Goldsworthy was being appointed to President.

It has also named former Microsoft Indonesia and Intimedia CTO Norman Sasono as Chief Innovation Officer in January 2016.

Prior to founding Alpha and its subsequent acquisition, Mawikere is known as Co-Founder and former CEO of Lippo Group-backed Mbiz, a fellow B2B e-commerce and e-procurement platform seen as Bizzy’s direct competitor.

Mbiz itself has raised an undisclosed Series A funding round led by Japanese leasing company Tokyo Century Corporation (TCC) in March 2017.

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