clickTRUE raises Series A from Nusantara Ventures and expands into Indonesia

Next after Singapore, Malaysia and Thailand, the Singapore online marketing and advertising company, clickTRUE just raised a Series A round from Indonesian firm, Nusantara Ventures. The team is under a confidential clause not to release the figures of the investment round.

Together with the funding, the Indonesian office of clickTRUE will also benefit from having a veteran in the digital industry in Indonesia join its board of directors: the founder of digital media agency Bubu.com and Managing Partner at Nusantara Ventures, Shinta W. Dhanuwardoyo. Shinta was listed as one of 99 Most Powerful Women in Indonesia by Globe Asia in October 2011.

In the press release, Shinta says, “There is so much potential for growth in Indonesia. clickTRUE has the expertise and tools to help businesses in Indonesia click their way to success. With the evolving internet landscape, it’s still very exciting for me to be a part of this even though I’ve been doing this for years. This is exactly what we need for Indonesia to move forward in terms of performance marketing in the digital space.”

With a 240 million strong population, and approximately 40 million internet users, Indonesia is an important market for clickTRUE as digital market penetration and patterns are just emerging. The current internet penetration rate is at 17% and it is rapidly growing but her digital ad spends only averages a mere 2%. As we’ve said before, “Where Google is, clickTRUE follows.” ; Google opened an office in Indonesia a few months ago.

clickTRUE’s vision is to differentiate themselves as a top specialist in the search marketing space in Southeast Asia. The first Google Analytics Certified Partner in Southeast Asia, the company was also accredited as a Yahoo! Platinum Search Marketing Agency Ambassador just over a month ago.

Founded by serial entrepreneur Jackie Lee, clickTRUE is held by Kyosei Ventures (where Jackie is also managing partner). Kyosei is also partly owned by Singapore Press Holdings (SPH), where Jackie was after his previous company, HardwareZone was acquired by them.

Check out these 5 lessons about Indonesia that we gleaned from a conference there recently.

ClickTrue gets privileged MSC status in Malaysia

ClickTRUE, a Singapore-based SEO consultancy firm, has been awarded the MSC status for its Malaysian office, it announced in a press release today.

Benefits that the company will receive include better access to communications infrastructure, duty-free importation of multimedia equipment, R&D facilities, and financial incentives like tax exemptions. Read more

ClickTRUE opens offices in Malaysia and Thailand

Last updated: 3rd October 2011

Where Google is, ClickTRUE follows.

The Singapore-based SEO company announced on 3rd October that the opening of offices in Malaysia and Thailand as part of its regional growth strategy. ClickTRUE, which is currently a Google Analytics Certified Partner in Singapore, will extend their analytics expertise to firms in both countries. Read more

Voting for Spirit of Enterprise 2011 opens

The nominees for Spirit of Enterprise 2011 has been revealed. One of them is Jackie Lee, CEO of clickTRUE and the founder of Hardware Zone, which has been acquired by Singapore Press Holdings. Voting, which is done through the website, started on August 1 and ends on August 31.

The award winners will be revealed in November 2011. Most of the nominees are SMEs with healthy profit margins that have been running for at least five years. The award was first held in 2003.

The Spirit of Enterprise is a non-profit organisation created to promote entrepreneurship among Singaporeans — particularly youths. They have published several books on entrepreneurship, and organized many programs where students get to interact with seasoned entrepreneurs.

See our past articles on the awards here.