# GoCement

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gocement

- Industry: Construction
- Headquarters: Indonesia
- Website: www.gocement.com
- Total disclosed funding: $1M
- Latest round: Seed (Jan 7, 2022)
- Investors on record: 3

## About

GoCement is a marketplace revolutionizing construction material distribution in Indonesia, connecting users to a vast range of essential building supplies through a user-friendly digital platform.Founded in 2019 in Indonesia, GoCement operates as a digital marketplace for construction materials. The company has pivoted to enhance its platform's connectivity between suppliers and users. Djonny Suwanto is the CEO and founder of GoCement, who has previously established other ventures. The company raised USD 1.00 mn in Seed funding on January 7, 2022, led by investors MDI Ventures, Ideosource, and BEENEXT, bringing the total amount raised to USD 1.00 mn and a current valuation of USD 5.50 mn.GoCement operates as a leading marketplace for construction materials in Indonesia, providing a digital platform that connects users with a wide array of building supplies. The company offers a comprehensive selection of products essential for various stages of construction, including foundational materials, structural components, wall and roof installations, flooring, and finishing touches. Their core offerings encompass well-known brands and a diverse range of materials, such as cement, steel, wood, and other essential construction supplies. GoCement serves a broad client base, including contractors, builders, and individual consumers, primarily within the Indonesian market, with particular emphasis on the regions of East Java. The platform allows users to shop conveniently via mobile or website, facilitating access to necessary materials from local suppliers.GoCement’s revenue model is structured around facilitating transactions between construction material suppliers and end users through its marketplace platform. The company generates income from product sales, enabling a seamless B2B and B2C transaction process. Customers can purchase materials directly from partnered suppliers, with the ability to compare prices and select products that meet their budgetary needs. Pricing varies based on the specific products offered, such as bulk cement or specialized construction materials. This structure allows GoCement to cater to a diverse range of customers, ensuring that both small DIY projects and large-scale construction endeavors are adequately supported. The platform reinforces transparency in pricing and availability, enhancing the customer experience throughout the purchasing process.GoCement plans to utilize its recent Seed funding of USD 1.00 mn, raised in January 2022, to onboard large distributors, including Arise’s network of construction companies within Indonesia’s state-owned enterprises. This strategic move aims to enhance their marketplace reach and improve product availability. The company is also focused on expanding its operations across other regions in Indonesia, with specific plans to target areas that have shown growth potential in the construction sector.

## Funding rounds

- Seed, Jan 7, 2022, $1M — Ideosource, BEENEXT, MDI Ventures

## Investors

- Ideosource (https://capitalatlas.ai/funds/ideosource) — Seed
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed
- MDI Ventures (https://capitalatlas.ai/funds/mdi-ventures) — Seed