# PT. Five Jack

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-five-jack

- Industry: Software
- Headquarters: Jakarta, Indonesia
- Website: www.fivejack.com
- Total disclosed funding: $1.4M
- Latest round: Series A (Apr 10, 2017)
- Investors on record: 2

## About

PT. Five Jack is a digital entertainment company that operates a marketplace for virtual goods, primarily catering to the Indonesian online gaming community, enhancing user engagement and security in transactions.PT. Five Jack was founded in 2013 and is headquartered in Jakarta, Indonesia. The company specializes in creating a marketplace for virtual goods used in gaming and entertainment. The founders, Faisal Karim and Muhammad Hakim, have a history of entrepreneurial ventures. The company has embarked on four funding rounds, with its latest being a Series A round in May 2021, where it raised USD 1.2 mn, led by 500 Global. In this round, PT. Five Jack was acquired by PT Bukalapak.com from its previous investors, 500 Startups and K-Run Ventures, with undisclosed financial terms.Five Jack operates a digital entertainment ecosystem centered on its itemku marketplace, which facilitates the buying and selling of in-game items within the Indonesian gaming community. The platform offers a secure trading service known as 'itemku Safe Trading', ensuring 100% safe transactions. In addition to marketplace functions, Five Jack also focuses on knowledge sharing and content dissemination related to gaming, thereby enriching user interaction within the community.Five Jack generates revenue primarily through transaction fees from sales on the itemku platform. This model involves direct-to-consumer transactions for virtual goods, with users benefiting from the company's secure trading service. The company may also earn revenue through subscription services, offering monthly itemku member vouchers that provide discounts or benefits. This approach allows Five Jack to capture a portion of sales while encouraging user participation.PT. Five Jack aims to enhance its marketplace by launching new products and expanding into additional markets. Specific future product details have not been disclosed, but the company is focusing on regional growth, particularly within Southeast Asia. The funds from the Series A round will likely support these expansion strategies, following its acquisition in May 2021. Recent leadership changes indicate a continued commitment to innovation in the digital entertainment space.

## Funding rounds

- Series A, Apr 10, 2017, $1.2M — 500 Global, K-Run Ventures
- Seed, Jan 15, 2016, $0.2M — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A
- K-Run Ventures (https://capitalatlas.ai/funds/k-run-ventures) — Series A