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.

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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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The article SMDV Pimpin Pendanaan $20 Juta untuk Eko, Startup SaaS Bisnis Asal Thailand was written in Bahasa Indonesia by Randi Eka Yonida for DailySocial. English translation and editing by e27.

The post Indonesia’s SMDV leads US$20M funding round for Thai SaaS platform Eko appeared first on e27.