Concord Ventures Raises $137M Equity for Moladin

Concord Ventures is pleased to announce the combined 137M raise for Moladin, Jakarta, Indonesia, via a $42M Series A funding round co-led by Sequoia Capital India and Northstar Group, and a $95M Series B funding round led by DST Global. Other participants included East Ventures, Global Founders Capital, and K3 Ventures.

Concord Ventures acted Moladin’s advisor for the transaction.

Founded in 2017 by Jovin Hoon and Mario Tanamas, Moladin operates as a social commerce company leveraging agents to sell used cars to end consumers.

Concord Ventures is a US-based international investment-banking firm specializing in mergers, acquisitions, re-capitalizations, capital raise, and valuations of established companies. The primary focus of the firm is companies with valuations between $10,000,000 to $2,000,000,000 in a wide variety of industries.