Stay cool with Indonesia's Coldspace. This cold chain solutions startup just raised a $3.8M seed led by Intudo Ventures!

• Founded in December 2022, they have 15 distribution centers and manage 3,000 tons of cold storage capacity and 20 reefer trucks.
• Their marketplace offers 30,000 tons of cold storage capacity and 100 reefer trucks operated by their partners.

Investor check. ASSA, Triputra Group, MKA and ITS also joined in!

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🥶 Why it matters

Thanks to Indonesia's tropical weather and fragmented geography, there's a lot of food loss and waste, including spoiled temperature-sensitive cargo like chemicals and pharmaceuticals.

The result? Tons of rising demand for temperature-controlled facilities and logistics to keep all these items fresh, and there are still major gaps in the cold chain market!

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❄️ Where Coldspace enters the space

They offer transparent and efficient storage and transportation for temperature-sensitive products!

B2B. They have an aggregated marketplace of cold chain facilities and services through their third-party partners, also powered by Coldspace's tech.

• Customers conveniently get to access these partners in one place at competitive prices.
• Partners get more customers by being part of the marketplace instead of having underutilized facilities and empty trucks.

B2C. But cold chain services aren't available in all locations! So, Coldspace builds their own cold chain infrastructure, like warehousing and fleets, in these areas to fill in the gaps.

And more! They also have a hub-and-spoke model that enables quick commerce services, ensuring temperature-sensitive products are delivered fast.

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🚚 Making more space

They'll increase their capacity for everything from storage and trucks to fulfillment and expand within Indonesia.

• Oh, and on the tech side, they'll launch tools to let customers manage and track products!