# Jurnal

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

- Industry: Software
- Headquarters: Indonesia
- Website: www.jurnal.id
- Total disclosed funding: $2M
- Latest round: Series A (May 23, 2018)
- Investors on record: 5

## About

Jurnal is an online accounting software platform that streamlines financial management, bookkeeping, and efficiency for businesses in Indonesia and Southeast Asia, serving a diverse range of industries.Founded in 2014 in Indonesia, Jurnal provides a digital accounting solution to improve financial management for businesses. In May 2018, the company secured USD 0.53 mn in Series A funding from Mandiri Capital Indonesia, reflecting a post-money valuation of USD 9.8 mn. Jurnal has completed a total of 3 funding deals to date.Mekari Jurnal offers an integrated online accounting software solution designed to streamline financial management, bookkeeping, and operational efficiency for businesses across various industries. The platform features automated financial record-keeping, real-time tracking of product activities, and detailed financial reporting capabilities, making it suitable for small to large enterprises. Mekari Jurnal's services include expense management, invoicing, bank reconciliation, and inventory management, all accessible through a user-friendly interface hosted on a secure cloud environment. It is particularly beneficial for sectors such as retail, manufacturing, and professional services, where operational efficiency and accuracy in financial reporting are critical. The software caters to a diverse clientele in Southeast Asia, with a specific focus on Indonesia, where it has gained significant traction among over 35,000 companies.Mekari Jurnal generates revenue primarily through subscription-based models, offering various pricing plans that cater to different business needs. Clients typically subscribe to the software on an annual or monthly basis, accessing features appropriate for their company size and operational requirements. The pricing structure supports a range of services, including essentials for managing accounting, financial operations, and supply chain activities. By facilitating transactions such as invoicing and payment processing directly through the platform, Mekari Jurnal ensures a seamless experience for users while maintaining accurate financial records. The subscription model is particularly appealing to businesses looking to minimize overhead costs associated with traditional accounting practices, thereby enhancing profitability through operational efficiencies.Following the Series A funding in May 2018, Jurnal plans to leverage the USD 0.53 mn raised to enhance its software solutions and expand its presence in Southeast Asian markets. The company is targeting new product launches aimed at improving features and user experiences, while also exploring opportunities to enter additional regional markets as part of its growth strategy.

## Funding rounds

- Series A, May 23, 2018, $0.5M — Mandiri Capital Indonesia
- Series A, Feb 6, 2017, $0.8M — Alto Partners, East Ventures, Prasetia Dwidharma
- Seed, Dec 9, 2016, $0.7M — Pegasus Tech Ventures, East Ventures, Prasetia Dwidharma

## Investors

- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Seed
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A
- Prasetia Dwidharma (https://capitalatlas.ai/funds/prasetia-dwidharma) — Seed, Series A
- Alto Partners (https://capitalatlas.ai/funds/alto-partners) — Series A
- Mandiri Capital Indonesia (https://capitalatlas.ai/funds/mandiri-capital-indonesia) — Series A