Mitigate fragmentation & limited geographic reach for temperature-sensitive itemsColdspace, an Indonesian integrated cold chain solutions provider, today announced the completion of a US$3.8 million seed round led by Intudo Ventures, an Indonesian focused venture capital firm; ASSA, one of Indonesia’s largest logistics groups; and Triputra Group, a major Indonesian agricultural conglomerate, with participation from MKA & ITS.
Coldspace is led by Arnold Giovanni ; Ivan Liadi ; David Loei ; and Jan Sunaryanto . Recognizing the lack of integrated cold chain solutions in Indonesia, the team created Coldspace to mitigate fragmentation and limited geographic reach for temperature-sensitive products through a seamless network of cold storage facilities and transportation—all powered through an automated technology stack.
“Building more than 15 distribution points within three months of launch has demonstrated our ability to scale quickly, and we will accelerate this process by leveraging our strategic investors’ logistics ecosystem to provide best-in-class operational excellence and competitive pricing.” “With emerging demand for fresh foods, pharmaceuticals, and other temperature-sensitive products, Indonesia has often lacked climate controlled infrastructure needed to prevent spoilage, leading to waste and product loss.