Manufacturing
Formeo
BPOM- and Halal-certified cosmetics manufacturer producing skincare, body care, haircare and make-up for brands across Indonesia and beyond. → formeo.id
2012
Founded
Eight
Categories
5,000 pcs
Minimum order
WHY WE INVESTED
The opportunity
we saw.
Meridian Systems was building critical infrastructure in a market that most investors were ignoring supply chain visibility at the enterprise level. The problem was structural, the TAM was enormous, and the team had built
and scaled in this exact domain before.
What made us move quickly was the combination of proprietary data advantages, a sales motion that was already working, and a founding team that had lived the problem from the operator side. We led the Series B and have remained deeply engaged through every milestone.
HOW WE HELPED
Where we created
real value.
OUR THESIS
The structural conviction
behind our investment.
Enterprise supply chain visibility is not a feature, it is a category. The businesses that build the infrastructure layer in any emerging software vertical tend to become the most defensible, highest-margin companies in that ecosystem. Meridian is building exactly that: a platform so deeply embedded in its customers' operations that switching costs approach zero. We believe this company will be the category leader within three years and a generational business within ten.
COMMON QUESTIONS
What is Biwel Group?
Can Formeo manufacture my brand’s products?
Does Flexofast only serve Biwel brands?
Is Biwel open to new partnerships or investment conversations?
Where are you based?
Do you work with brands outside Indonesia?