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2023

Indonesia
Venture Capital
Database

https://www.xendit.co.id https://kemenparekraf.go.id/
Table of Content
1982 Ventures 1
500 Global 2
AC Ventures 3
Access Ventures 4
Accion Venture Lab 5
AddVentures by SCG 6
Aksara Ventures 7
Alpha JWC Ventures 8
Altara Ventures 9
ANGIN 10
Antler 11
Arkana Ventures 12
Asiantrust Capital 13
ATM Capital 14
B Capital 15
B.I.G Ventures 16
BAce Capital 17
Beenext 18
Betatron Venture Group 19
BNI Ventures 20
BRI Ventures 21
Central Capital Ventura 22
Cornerstone Ventures 23
CyberAgent Capital 24
Cydonia Capital 25
East Ventures 26
Favour Capital 27
Foremast VC 28
Fundnel/Alta 29
FuturePlay 30
Gayo Capital 31
Ganesia Ventures 32
GK Plug and Play 33
Global Founders Capital 34
Gobi Partners 35
Golden Gate Ventures 36
Ideosource 37
Ideosource Entertainment 38
Indogen Capital 39
Infocom Corporation 40
Init6 41
Insignia Venture Partners 42
Intudo Ventures 43
Javas Ventures 44
Jungle Ventures 45
Kasikorn Ventures 46
Kopital Network 47
Kejora Capital 48
Kolibra Capital 49
K3 Ventures 50
Living Lab Ventures 51
M Venture Partners (MVP) 52
Mandiri Capital Indonesia 53
Meadow Street Capital 54
MDI Ventures 55
Meratus Ventures 56
Monk's Hill Ventures 57
Moonshot Ventures 58
Mulia Sky Capital 59
Northstar Group 60
OCBC NISP Ventura 61
Openspace Ventures 62
Orvel Ventures 63
Ozora Venture 64
Patamar Capital 65
Pegasus Tech Ventures 66
Prasetia Dwidharma Ventures 67
Qualgro VC 68
Quona Capital 69
Salt Ventures 70
Seedstars International Ventures 71
Sequoia Capital Southeast Asia 72
Shinhan Venture Investment 73
Skystar Capital 74
SMDV 75
Sovereign Capital 76
Spiral Ventures 77
Susquehanna International Group 78
SV Investment 79
Teja Ventures 80
Trihill Capital 81
UMG Idealab 82
Venturra Capital 83
Vertex Ventures Southeast Asia & India 84
Vickers Ventures 85
Vynn Capital 86
Wavemaker Partners 87
ZWC Partners 88
Preface
In Indonesia, the digital economy sector is rapidly growing. In 2030, Indonesia's
GDP is projected to reach IDR 24 trillion, while Indonesia's digital economy is projected to
contribute 18% of GDP or around IDR 4,531 trillion. In 2030, the outlook for Southeast
Asia's digital economy will show significant development. It is projected that the gross
merchandise value (GMV) of Indonesia's digital economy will increase five times and will
be double the GMV value in Southeast Asia.

The high potential of the digital economy cannot be separated from the
continuously increasing number of internet users in Indonesia. roughly around 202.6
million Indonesians have access to the internet and the Covid-19 pandemic has also
become a momentum to accelerate the transformation of digital trade in Indonesia. It is
also a very good factor for the startup ecosystem.

The main purpose of this database is to become a source of connections between


stakeholders in an active venture capital ecosystem in Indonesia. We see that the venture
capital financing ecosystem is different from institutions such as banking, where it is
rather difficult to map the stakeholders in this ecosystem, because there is no database or
list that can be used as a reference for us. In addition, there are also quite a lot of venture
capital from abroad who are active in Indonesia.

Based on that, we want to compile a database in the form of a catalogue or book


which contains a database of venture capital company profiles that are active in
Indonesia. This catalogue can be a reference for us to be able to connect with the venture
capital ecosystem, and in the future it can be our source for knowing stakeholders in the
venture capital financing ecosystem, so that later later we can reach out to venture capital
companies easier, and it will also can become the basis for determining policies or
programs from the government.

Thank you to all representatives and venture capital partners who are willing to
participate in this project. We hope that this database will be useful not only for related
state agencies and institutions, but also for all stakeholders in the startup and venture
capital ecosystem, including startup founders, investors, incubators, accelerators,
companies, and others.

Indonesia Venture Capital Database 2023


Context
Indonesia is home to 2358 startups (startupranking.com) and we also have 13
Unicorns. This means that Indonesia has a lot of potential in growing and nurturing
startups into the next Unicorn that can solve various problems by using technology.
According to a report by Google, Temasek and Bain & Company in 2022, Indonesia’s digital
industry has rapidly grown from US$ 41 billion in 2019 to US$ 77 billion in 2022. The
number of internet users in Indonesia also increased greatly due to the pandemic. It went
from 150 million users in 2019 to 203 million users in 2022.

This exceptional growth is attracting Venture Capitals, both local and global, to
invest in Indonesian startups. We believe Indonesia's startup ecosystem will continue to
grow exponentially despite the economic downturn that we may face. This is why Xendit
and the Ministry of Tourism and Creative Industry want to be part of that growth by making
it easier for startups to reach out to the actively investing Venture Capitals and Investment
Platforms that can help them fund raise.

This database will be made public and consists of:

Type of Venture Capital

Short description
Industry Preference/Appetite
Funding stage
Ticket size
Email of the representative
Website and the VC’s notable portfolios

We hope that this database can be used accordingly and can be beneficial for the whole
Indonesia startup ecosy

Source:
https://fulcrum.sg
https://www.startupranking.com/

Indonesia Venture Capital Database 2023


About Organization

The Ministry of Tourism and Creative Economy, or Kemenparekraf, is a government


Ministry in Indonesia responsible for developing the tourism and creative economy
sectors in the country, The agency was established with the aim of increasing the
contribution of these sectors to the Indonesian economy.

As the agency responsible for tourism, Kemenparekraf is tasked with developing


and promoting Indonesian tourism both domestically and internationally. In addition,
Kemenparekraf also works to develop sustainable tourism destinations, improve the
quality of human resources in the tourism sector, and increase investment in the sector.

Meanwhile, as the agency responsible for the creative economy sector,


Kemenparekraf is responsible for developing and promoting Indonesia's creative
industries, such as art, music, film, fashion, culinary, and others. Kemenparekraf aims to
optimize the potential of Indonesia's creative economy with various programs that include
the development of creative industries in regions, improving the quality of Indonesian
creative products, and developing human resources for the creative industries.
Kemenparekraf and Baparekraf play a vital role in increasing the contribution of the
tourism and creative economy sectors to the Indonesian economy.

Scan Website

Indonesia Venture Capital Database 2023


About Organization

Xendit is a financial technology company that provides payment solutions and


simplifies the payment process for businesses in Indonesia, Malaysia, the Philippines and
Southeast Asia, from SMEs and e-commerce startups to large enterprises. Xendit enables
businesses to accept payments, disburse payroll, run marketplaces and more. The platform
is known for its speed (fast integration, builds), simplicity (easy integrations, pricing), and
world-class 24/7 customer support. Amidst the fragmented payment landscape in
Southeast Asia, Xendit enables businesses to accept payments from direct debit, virtual
accounts, credit and debit cards, eWallets, retail outlets, and online instalments.

Building the region’s digital payments infrastructure, Xendit is shaping the next
generation of scalable businesses across Southeast Asia. Xendit is propelling the region's
digital transformation by addressing access, reliability, and regulatory needs enabling more
businesses to scale and thrive. Xendit powers some of Southeast Asia’s fastest-growing
brands including Traveloka, Transferwise, Ninjavan, and Grab. To learn more, visit xendit.co.

Register Here to Get Xendit's Free Credits

Indonesia Venture Capital Database 2023


About Organization

Nex is Nex is Xendit’s first-ever B2C product. It is a financial app to help you and your
employees improve their financial wellbeing. Nex features include:
Envelopes: split funds into multiple sub-wallets with goals while earning high interest daily
Recurring: scheduled transfers
Free transfers, free e-wallet top ups, requests, pay bills, and more

Aside from helping your employees manage their finances, Nex also helps your
company do a seamless payroll process.
By disbursing your employees payroll to their Nex account, you save time,expense and help
them build good financial habits!

Contact our representative in https://wa.me/6281995868419 to learn more or try Nex from


the App Store/Play Store using referral code “XENVC001”!

Scan to download Nex

Indonesia Venture Capital Database 2023


The Compiler
Luthfi Juharta
Experienced startup ecosystem builder in Indonesia. Currently working as
a "Startup Lead" in Xendit, the first B2B Unicorn in Indonesia that helps
businesses accept online payment, He's always keen to collaborate with
new partners to strengthen the ever-changing and vibrant Indonesia
startup ecosystem.

luthfi.juharta@xendit.co
muhammadluthfi.a.j@gmail.com

Maman Rahman
Currently serves as coordinator of Financial Technology and Venture
Capital at the Ministry of Tourism and Creative Economy. where the
work unit has a focus on the financial technology financing ecosystem
and venture capital which is certainly inseparable from the digital
economy and startup ecosystem.

maman.rahmawan@kemenparekraf.go.id

Sofyan Ahmad Rif'at


Previously worked in the marketing communications department at
the Ministry of Tourism, and currently holds the position of Venture
Capital Funding Sub-Coordinator at the Ministry of Tourism and
Creative Economy.

sofyan@indonesia.travel

Edwin M Fadholi
Currently works as a staff at the Financing Access Directorate,
Sub-Directorate of Financial Technology and Venture Capital, where
he assists in venture capital funding access related programs.

edwin.fadholi@kemenparekraf.go.id

Indonesia Venture Capital Database 2023


Disclaimer
This database and any information contained in it are made
available strictly on the basis that you accept it on an "as is" and "as
available" basis. The information pertaining to other legal entities in
this database are duly obtained from the relevant entity, regarding
which Xendit does not make any representation or warranty, express
or implied. Content of this database may not be copied or
distributed for commercial advantage, nor be altered, manipulated,
or used to prepare derivative works, or published in any other format
in any medium without prior written permission from Xendit. Any
reliance on the information contained in this database is at the
user's own risk. The database may contain links to third party
content, which we do not warrant or assume liability for.

Copyright 2023 PT Sinar Digital Terdepan (Xendit) and


Kementerian Pariwisata dan Ekonomi Kreatif

Indonesia Venture Capital Database 2023


1982 Ventures
Short Description
1982 Ventures is a Southeast Asia based VC firm focused on
investing in early stage fintech start-ups in Southeast Asia.

Type of VC
Rp
Venture Capital

Industry Preference

Fintech B2B Insurtech

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series A 100 k - 500 k USD

Notable Portfolio

Email
herston@1982.vc

Website
https://1982.vc/ Scan Website

Indonesia Venture Capital Database 2023


1
500 Global
Short Description
Early stage VC focus on agnostic theme in South east asia.

Type of VC
Rp
Venture Capital

Industry Preference

Marketplace SaaS Fintech B2B

Rp Funding Stage Ticket Size


Pre-Seed, Seed 500 k USD

Notable Portfolio

Email
kevin.chandra@500.co

Website
500.co Scan Website

Indonesia Venture Capital Database 2023


2
AC Ventures
Short Description
AC Ventures is a leading Southeast Asian venture capital firm investing in early-stage
startups focused on Indonesia and ASEAN

Type of VC
Rp
Venture Capital

Industry Preference

Agritech SaaS E-commerce Renewable Energy


Media Smart City Proptech D2C
Marketplace Fintech B2B
Logistics Web-3.0

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A 500 k - 1 m USD

Notable Portfolio

Email
alvin@acv.vc
info@acv.vc

Website
https://acv.vc Scan Website

Indonesia Venture Capital Database 2023


3
Access Ventures
Short Description
Early-stage VC firm

Type of VC
Rp
Venture Capital

Industry Preference

Edutech Logistics Fintech


Artificial Intelligence SaaS

Rp
Funding Stage Ticket Size
Pre-Series A, Series A 1 m USD

Notable Portfolio

Email
retno@accessvc.co

Website
www.accessvc.co Scan Website

Indonesia Venture Capital Database 2023


4
Accion Venture Lab
Short Description
Accion Venture Lab is a global VC fund that invests
in early stage fintech for inclusion startups.

Type of VC
Rp
Venture Capital

Industry Preference

Fintech Agritech Insurtech Future of Work

Rp Funding Stage Ticket Size


Seed, Pre-Series A 500 k - 1 m USD

Notable Portfolio

Email
plimcaoco@accion.org

Website
https://www.accion.org/venturelab Scan Website

Indonesia Venture Capital Database 2023


5
AddVentures by SCG
Short Description
Backed by SCG , AddVentures invests in innovative companies in B2B, Industrial,
Enterprise, Climate tech verticals, focusing on early stage (series A & B onwards) with
the goal to build synergy between portfolio companies and SCG, by leveraging its
network in construction materials, packaging, chemicals, and logistics industries
across the SE Asia region. SCG is one of the largest industrial conglomerates in
Southeast Asia with market cap of US$18 Bn.

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Agritech SaaS Proptech


Artificial Intelligence Smart City B2B
Marketplace Fintech Enewable Energy
Logistics E-commerce D2C

Rp Funding Stage Ticket Size


Pre-Series A, Series A, Series B, 1-5 m USD
Above Series B

Notable Portfolio

Email
pitchayj@scg.com

Website
https://addventures.co.th/ Scan Website

Indonesia Venture Capital Database 2023


6
Aksara Ventures
Short Description
Aksara Ventures is an early stage investor focusing on tech-enabled
startups. We try to be the first institutional investors and we help the portfolio
companies raise the next round.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Media Human Resources Web-3.0


Healthtech Marketplace SaaS E-commerce
Edutech Artificial Adtech/Marketing Smart City Gaming
Intelligence Logistics Fintech

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series A 100 k - 300 k USD

Notable Portfolio

Email
jason@aksara.vc

Website
https://www.aksara.vc Scan Website

Indonesia Venture Capital Database 2023


7
Alpha JWC Ventures
Short Description
Alpha JWC Ventures is an early to growth-stage Southeast Asian venture capital firm.
Its debut fund was launched in 2016 as Indonesia’s first independent and institutional
early-stage venture capital fund. Over the years, Alpha JWC has established a strong
reputation and clear positioning in the market as the leading venture capital firm with
one of the region’s largest on-the-ground teams and a global network. The firm currently
manages around US$ 650 million AUM – the largest early-stage fund in Southeast Asia
– and 70+ active portfolio companies across Southeast Asia.
For more information, please visit www.alphajwc.com

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Fintech Renewable Energy


Marketplace SaaS E-commerce D2C
Non-Tech Ventures B2B

Funding Stage Ticket Size


Rp

Pre-Seed, Seed, Pre-Series A, 100k - 30 m USD


Series A, Series B, Series C

Notable Portfolio

Email
investment@alphajwc.com

Website
https://www.alphajwc.com/en/ Scan Website

Indonesia Venture Capital Database 2023


8
Altara Ventures
Short Description
Altara Ventures is a technology venture capital firm headquartered in Singapore
and investing across Southeast Asia. We invest in pre-A, Series A, and Series B stage
companies building innovative solutions in Fintech, Logistics & Mobility, Consumer,
Enterprise Software & Deep Tech, Healthcare, and Edtech.

Type of VC
Rp
Venture Capital

Industry Preference

Healthtech Fintech Deep tech (SaaS)


Edutech Logistics Consumer

Rp Funding Stage Ticket Size


Pre-Series A, Series A, Series B 1 - 5 m USD

Notable Portfolio

Email
bryan@altara.vc

Website
https://altaraventures.com Scan Website

Indonesia Venture Capital Database 2023


9
ANGIN
Short Description
Indonesia's First and Largest Investment Platform & Advisory Consulting Firm.
Committed to Building Indonesia’s Entrepreneurial Ecosystem.

Type of VC
Rp
Investment Platform

Industry Preference

Food and agriculture HR tech Climate tech:


Health and wellness Financial services - Sustainable Energy
- Sustainable Mobility
Femtech Adtech/ marketing
- Climate smart Food & Agri
Edutech Logistics - Circular economy
- Smart city and sustainable building
- Nature-based solution
- Carbon management, fintech
and carbon capture

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A, 25k - 3 m USD
Series A

Notable Portfolio

Email
cynthia@angin.id
funding@angin.id

Website
https://www.angin.id/ Scan Website

Indonesia Venture Capital Database 2023


10
Antler
Short Description
Antler is a global early-stage venture capital firm enabling and investing in the
world's most exceptional people building the defining companies of tomorrow.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics E-commerce


Healthtech Human Resources Gaming
Edutech SaaS Proptech
Artificial Intelligence Smart City B2B
Marketplace Fintech Renewable Energy
Adtech/Marketing Web-3.0 D2C

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A, 125k - Series C
Series A, Series B, Above Series B

Notable Portfolio

Email
dama.aji@antler.co (Dama)
indonesia@antler.co

Website
https://www.antler.co/location/indonesia Scan Website

Indonesia Venture Capital Database 2023


11
Arkana Ventures
Short Description
Arkana Ventures is a venture capital firm based in Jakarta, Indonesia that
specializes in identifying and investing in innovative, high-growth early to mid-stage
startups across a diverse range of industries. We pride ourselves on being industry
agnostic, allowing us to focus on finding the most promising startups with the
potential to disrupt traditional markets and create value for all stakeholders.

Type of VC
Rp
Venture Capital

Industry Preference

Agnostic

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series A, 200 k - 500 k USD
Series A

Notable Portfolio

Email
junia@arkana.vc
reza@arkana.vc
wesley@arkana.vc

Linkedin
https://www.linkedin.com/compan
y/arkana-ventures/ Scan Linkedin

Indonesia Venture Capital Database 2023


12
Asiantrust Capital
Short Description
Asiantrust Capital is a boutique investment firm that nurtures long-term
relationships with founders and partners across various deals and investments
across Indonesia.

Type of VC
Rp
Venture Capital

Industry Preference

Healthtech Adtech/Marketing Non-Tech Ventures


Edutech Logistics Fintech
Media Human Resources E-commerce

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A 50 k - 500 k USD

Notable Portfolio

Email
id@asiantrust-capital.com
cindy@asiantrustcapital.com

Website
https://asiantrust-capital.com Scan Website

Indonesia Venture Capital Database 2023


13
ATM Capital
Short Description
ATM Capital is an early to growth stage venture fund rooted in Southeast Asia. The
team consists of Chinese and Southeast Asian professionals with significant experience in
investment, entrepreneurship, technology and operations. Our capital base and team bring
together a wealth of strategic background and investment experience from Chinese and
Southeast Asian Internet Giants, as well as traditional industry leaders.

Type of VC
Rp
Venture Capital

Industry Preference

Marketplace Fintech Renewable Energy


Logistics E-commerce D2C

Rp Funding Stage Ticket Size


Seed, Pre-Series A, US$500,000 - US$15,000,000
Series A, Series B

Notable Portfolio

Email
louis@atmcapital.com

Website
www.atmcapital.com Scan Website

Indonesia Venture Capital Database 2023


14
B Capital
Short Description
B Capital is a multi-stage global investment firm that partners with extraordinary
entrepreneurs to shape the future through technology. With $6.2 billion in assets under
management across multiple funds, the firm focuses on seed to late-stage venture
growth investments, primarily in the enterprise, financial technology and healthcare
sectors. Founded in 2015, B Capital leverages an integrated team across eight locations
in the US and Asia, as well as a strategic partnership with BCG, to provide the value-added
support entrepreneurs need to scale fast and efficiently, expand into new markets and
build exceptional companies. For more information, visit https:// www.bcapgroup.com/.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace Smart City


Healthtech Logistics Fintech
Edutech Human Resources B2B
Artificial Intelligence SaaS

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A, 1 - 5 m USD (early)
Series A, Series B and Above, 5 m+ (growth)
Pre-IPO

Notable Portfolio

Email
sagarwal@bcapgroup.com

Website
https://www.bcapgroup.com/

Indonesia Venture Capital Database 2023


15
B.I.G. Ventures
Short Description
B.I.G. Ventures invests in sector agnostic, early stage, and Indonesia-first
companies with a focus on Edutech. The fund is backed by family offices with interests
in several industries, such as education, property, and hospitality. The firm believes in
backing exceptional founders building superior products.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace SaaS


Healthtech Adtech/Marketing Non-Tech Ventures
Edutech Logistics E-commerce
Media Human Resources Gaming

Rp
Funding Stage Ticket Size
Seed, Pre-Series A, Series A 100k - 2 M USD

Notable Portfolio

Email
richard.budhitresno@bigventures.vc
info@bigventures.vc

Website
https://bigventures.vc Scan Website

Indonesia Venture Capital Database 2023


16
BAce Capital
Short Description
Anchored by Ant Group, BAce Capital is a SEA & India focused venture capital
fund that invests in early stage, tech-driven startups.
GPs and core investment team consist of China and local professional from Alibaba
& Ant group with significant experience in investment, entrepreneurship and
industries. We provide not only capital but china market know-how, resources and
network.

Type of VC
Rp
Venture Capital

Industry Preference

Tech-driven startup Sector agnostic

Rp
Funding Stage Ticket Size
Seed to Series B 250 k - 5 m USD

Notable Portfolio

Email
bryan@bace.vc
yuan.fang@bace.vc

Website
https://www.bace.vc Scan Website

Indonesia Venture Capital Database 2023


17
BEENEXT
Short Description
BEENEXT is a venture capital firm investing in early stage technology
startups from India, Southeast Asia and Japan.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace Smart City


Healthtech Adtech/Marketing Fintech
Edutech Logistics E-commerce
Artificial Intelligence Human Resources Gaming
Media SaaS

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A, 500 k - 3 m USD
Series A

Notable Portfolio

Email
danella@beenext.com

Website
https://www.beenext.com Scan Website

Indonesia Venture Capital Database 2023


18
Betatron Venture Group
Short Description
Betatron invests up to US$2M in seed to series A rounds in B2B startups across
Asia (excluding mainland China).

Type of VC
Rp
Venture Capital

Industry Preference

SaaS B2B Agnostic

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series A, 250 k - 2 m USD
Series A

Notable Portfolio

Email
investments@betatron.co

Website
https://www.betatron.co/ Scan Website

Indonesia Venture Capital Database 2023


19
BNI Ventures
Short Description
BNI Ventures is the Corporate Venture Capital (CVC) arm of Bank Negara Indonesia
(BNI)to accelerate digital transformation & innovation within BNI Group and to
strengthen the healthy ecosystem in venture capital and startup industry

Type of VC
Rp
Corporate Venture Capital

Industry Preference

On-Balance Sheet Fund Off-Balance Sheet Fund


Fintech Agnostic
Fintech Enabler
Fintech Ecosystem

Rp
Funding Stage Ticket Size
Pre-Series A, Series A, Series B USD 1 Milion to USD 5 Milion
and up

Email
investment@bniventures.co.id

Website
Instagram @bniventures
Scan Website

Indonesia Venture Capital Database 2023


20
BRI Ventures
Short Description
BRI Ventures is the Corporate Venture Capital of Bank BRI. Through investments
in innovative companies, we are the engine of growth for BRI Group.

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Agritech Logistics Fintech


Healthtech Human Resources Web-3.0
Edutech SaaS E-commerce
Media D2C

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A, 200k - 2m USD (early)
Series A, Series B and 2m - 20 m USD (growth)
Above, Pre-IPO, secondaries

Notable Portfolio

Email
admin@briventures.id

Website
https://briventures.id Scan Website

Indonesia Venture Capital Database 2023


21
Central Capital Ventura
Short Description
Central Capital Ventura (CCV) is the venture and innovation arm of Indonesia's
largest private bank, Bank Central Asia. CCV invests in early-stage venture startups, and is
committed to investing in and working hand-in-hand with daring entrepreneurs striving
to define the future of financial services in Indonesia. CCV is established to create
synergies and entrepreneurial innovation to empower the BCA ecosystem and support
Indonesia's growth.

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Agritech Adtech/Marketing E-commerce


Healthtech Logistics Gaming
Edutech Human Resources Proptech
Artificial Intelligence SaaS B2B
Marketplace Fintech

Rp
Funding Stage Ticket Size
Seed, Pre-Series A, 500 k - 2 m USD
Series A, Series B

Notable Portfolio

Email
pitch@centralcapital.vc
deandra@centralcapital.vc

Website
https://www.centralcapital.vc Scan Website

Indonesia Venture Capital Database 2023


22
Cornerstone Ventures
Short Description
Cornerstone Ventures mainly invest in digital startup teams, and we prefer startups
that utilize new technologies such as AI to improve business more effectively.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace Smart City


Healthtech Adtech/Marketing Fintech
Edutech Logistics E-commerce
Artificial Intelligence Human Resources Gaming
Media SaaS

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A, 300 k - 1 m USD
Series A, Series B and Above

Notable Portfolio

Email
samuel@cornerstonevc.tw
contact@cornerstonevc.tw

Website
https://cornerstonevc.tw Scan Website

Indonesia Venture Capital Database 2023


23
CyberAgent Capital
Short Description
CyberAgent Capital is an investment enterprise leading global innovation jointly
with unicorn startups. The company has been constantly pursuing global innovation.
We invest in internet related startups that are led by entrepreneurs with excellent
management and leadership capabilities and are determined to expand their business
globally and have high growth potential.

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Edutech Non-Tech Ventures E-commerce


Media Fintech Gaming
Marketplace Web-3.0 Social Commerce
Human Resources

Rp
Funding Stage Ticket Size
Seed, Pre-Series A, Series A 300 - 500k USD

Notable Portfolio

Email
kevinw@cyberagentcapital.com
cac_public@ext.cyberagent.co.jp

Website
https://www.cyberagentcapital.com/en/ Scan Website

Indonesia Venture Capital Database 2023


24
Cydonia Capital
Short Description
Cydonia Capital invests in Seed to Series B companies that specialize in
Web3, Infrastructure, GameFi, DeFi, and other technologies developed on the
blockchain. Cydonia was formed through the strategic collaboration between
Finch Asia, IndoGen Capital and Tokocrypto.

Type of VC
Rp
Venture Capital

Industry Preference

Fintech Web-3.0 Gaming

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series A, 50 k - 500 k USD
Series A

Notable Portfolio

Email
imantaka@cydonia.vc
irman@cydonia.vc

Website
https://cydonia.vc Scan Website

Indonesia Venture Capital Database 2023


25
East Ventures
Short Description
East Ventures is a pioneering sector-agnostic venture capital firm based in SEA

Type of VC
Rp
Venture Capital

Industry Preference
All industries, including but not limited to:

Agritech Human Resources E-commerce


Healthtech SaaS Proptech
Edutech Smart City B2B
Media Fintech Renewable Energy
Marketplace Web-3.0 D2C
Logistics

Rp
Funding Stage Ticket Size
Multi-stage investments (Pre-Seed, 100 k - 10 m USD
Seed, Pre-Series A, Series A, Series B,
Above Series B)

Notable Portfolio

Email
info@east.vc

Website
https://east.vc Scan Website

Indonesia Venture Capital Database 2023


26
Favour Capital
Short Description
Favour Capital is a boutique investment bank focused on the new economy and
upgrading of traditional industries in emerging Asia markets including Southeast Asia and
China. With professional teams in Singapore, China, Indonesia, and Vietnam, we provide
capital raising and M&A advisory for growth-stage companies, and assist our clients to
expand regionally and globally.

Type of Company
Rp
Investment Bank

Industry Preference

Agritech Marketplace Smart City


Healthtech Adtech/Marketing Consumer-tech
Edutech Logistics Fintech E-commerce
Artificial Intelligence Human Resources Gaming
Media SaaS

Rp
Funding Stage Ticket Size
Series A, Series B and 10 m - 100 m USD
Above

Notable Portfolio

Email
admin.sea@favour-capital.com

Website
http://www.favour-capital.com Scan Website

Indonesia Venture Capital Database 2023


27
Foremast VC
Short Description
Sector-agnostic, early stage (pre-seed to pre-A), Indonesia focus and SEA.

Type of VC
Rp
Venture Capital

Industry Preference

Agnostic

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series 200 k - 1 m USD
A, Series A

Notable Portfolio

Email
info@foremast.co

Website
Foremast.co Scan Website

Indonesia Venture Capital Database 2023


28
Fundnel/Alta
Short Description
As SEA's largest licensed digital marketplace for alternative assets, Alta
Group, formerly known as Fundnel, provides its end-to-end offerings around and
through its blockchain-powered exchange, which brings private capital market,
fund management, custodial, and other services under one roof.

Type of VC
Rp
Investment Platform

Industry Preference

Agritech Human Resources Fintech


Healthtech SaaS Web-3.0
Edutech Artificial Smart City Gaming
Intelligence Non-Tech Ventures B2B
Logistics

Rp
Funding Stage Ticket Size
Pre-Series A, Series A, Series 1 - 10 m USD
B, Above Series B, Pre-IPO

Notable Portfolio

Email
natalie.rusli@fundnel.com
enquiry@fundnel.com

Website
https://altagroup.co Scan Website

Indonesia Venture Capital Database 2023


29
FuturePlay
Short Description
"We Create Future" - We build startups in a sustainable way that will change
human life within 10 years. FuturePlay is an investment firm based in Seoul, South
Korea. We support startups to grow exponentially.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing Web-3.0


Healthtech Logistics E-commerce
Edutech Human Resources Proptech
Artificial Intelligence SaaS B2B
Media Smart City Renewable Energy
Marketplace Fintech D2C

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A, 50 k - 3 m USD
Series A

Notable Portfolio

IPO:

M&A:

IPO preparing:

Fast growing:

Email
jin@futureplay.co

Website
https://futureplay.co/en Scan Website

Indonesia Venture Capital Database 2023


30
Gayo Capital
Short Description
Gayo Capital is Indonesian based VC that invest in sustainable and impactful startups.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Non-Tech Ventures Web-3.0


Healthtech Fintech E-commerce
Edutech

Rp Funding Stage Ticket Size


Pre-Seed, Seed, 500 k - 5 m USD
Pre-Series A, Series A

Notable Portfolio

Email
eldo.kusuma@gayo.capital
admin@gayo.capital

Website
https://www.gayo.capital Scan Website

Indonesia Venture Capital Database 2023


31
Genesia Ventures
Short Description
Genesia Ventures is a Japan-based venture capital firm that invests in and
supports early-stage companies in Japan and SEA. Genesia Ventures has three
offices, in Tokyo, Jakarta and Ho Chi Minh City, with a total AUM of USD 200M.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace Fintech


Healthtech Logistics Web-3.0
Edutech Human Resources E-commerce
Media SaaS B2B

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series A 100 k - 1 m USD

Notable Portfolio

Email
elsha@genesiaventures.com

Website
https://www.genesiaventures.com/ Scan Website

Indonesia Venture Capital Database 2023


32
GK Plug and Play
Short Description
GK - Plug and Play Indonesia is a joint venture (JV) between two companies,
Plug and Play Tech Center and Gan Konsulindo (GK). We are a global VC with a
presence in SEA including Indonesia. We've made 35+ investments (sector
agnostic) in Indonesia alone, and helped corporate partners through our Corporate
Innovation pillar.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing Fintech


Healthtech Logistics E-commerce
Edutech Human Resources Gaming
Artificial Intelligence SaaS Proptech
Media Smart City B2B
Marketplace

Funding Stage Ticket Size


Rp

Pre-Seed, Seed, Pre-Series A 50 k - 500 k USD

Notable Portfolio

Email
m.valentine@pnptc.com

Website
https://www.gkplugandplay.com/ Scan Website

Indonesia Venture Capital Database 2023


33
Global Founders Capital
Short Description
GFC is multi-billion dollars venture fund, headquarter in Berlin, Germany investing in
high growth businesses from early stages (pre-seed to seed) globally.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing Non-Tech Ventures


Healthtech Logistics Fintech
Edutech Human Resources Web-3.0 E-commerce
Artificial Intelligence SaaS Gaming
Media Smart City
Marketplace

Funding Stage Ticket Size


Rp

Pre-Seed, Seed, Pre-Series A 250 k - 5 m USD

Notable Portfolio

Email
tito.costa@globalfounderscapital.com

Website
https://www.globalfounderscapital.com Scan Website

Indonesia Venture Capital Database 2023


34
8
Gobi Partners
Short Description
Gobi Partners is the most interconnected Pan-Asian venture capital firm
with US$1.5 billion in assets under management (AUM). Headquartered in Kuala
Lumpur and Hong Kong, the firm supports entrepreneurs from the early to growth
stages and focuses on emerging and underserved markets.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace Smart City


Healthtech Adtech/Marketing Fintech
Edutech Logistics E-commerce
Artificial Intelligence Human Resources Gaming
Media SaaS Travel/mobility tech

Rp
Funding Stage Ticket Size
Seed, Pre-Series A, Series A, 100 k - 20 mUSD
Series B and Above

Notable Portfolio

Email
mail@gobi.vc
adrian@gobi.vc
ivy@gobi.vc

Website
https://gobi.vc Scan Website

Indonesia Venture Capital Database 2023


35
Golden Gate Ventures
Short Description
Golden Gate Ventures is a South-East Asian venture capital firm that brings
together knowledge and experience from Silicon Valley with passion and ambition for
Southeast Asia, with the mission to empower the audacious and foster impact.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace Smart City


Healthtech Adtech/Marketing Fintech
Edutech Logistics Web-3.0
Artificial Intelligence Human Resources E-commerce
Media SaaS Gaming

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, 250k - 5 mil USD
Pre-Series A, Series A

Notable Portfolio

Email
hello@goldengate.vc
nishal@goldengate.vc

Website
https://www.goldengate.vc Scan Website

Indonesia Venture Capital Database 2023


36
Ideosource
Short Description
Ideosource is a venture capital firm dedicated on making investment in
early-stage to later-stage. From the infancy of Indonesia’s internet economy in 2011,
Ideosource has ignited the local Internet ecosystem. Our approach combines a
bottom-up investment selection process with a top-down view of the economy.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing Non-Tech Ventures


Healthtech Logistics Fintech
Edutech Human Resources Web-3.0
Artificial Intelligence SaaS E-commerce
Media Smart City Gaming
Marketplace

Rp
Funding Stage Ticket Size
Seed, Pre-Series A, Series A 200 k - 1 m USD

Notable Portfolio

Email
kusuma.eldo@ideosource.com

Website
https://ideosource.com/v2/ Scan Website

Indonesia Venture Capital Database 2023


37
Ideosource Entertainment
Short Description
Ideosource Entertainment is an investment holding company promoting
the entertainment value chain industry with synergistic business models.

Type of VC
Rp
Venture Capital

Industry Preference

Media Entertainment

Rp Funding Stage Ticket Size


Undisclosed 500 k - 1 m USD (startup)
200 - 500 k (film)

Notable Portfolio

Films:

Email
lina@ideosource.com

Website
https://ideosourceentertainment.com Scan Website

Indonesia Venture Capital Database 2023


38
Indogen Capital
Short Description
IndoGen Capital is a SEA focused Venture Capital with deep operating experience
in Indonesia Market. Established in 2017, we have invested in 30+ startups across 2 funds
with 5 exits. We aim to be a value-adding partner for founders looking to grow and expand
into Southeast Asia market especially for Indonesia market.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics Web-3.0


Healthtech SaaS E-commerce
Marketplace Fintech Consumer

Rp Funding Stage Ticket Size


Seed, Pre-Series A, 500 k - 1 m USD
Series A

Notable Portfolio

Email
info@indogencapital.com
thaya@indogencapital.com

Website
https://indogencapital.com Scan Website

Indonesia Venture Capital Database 2023


39
Infocom Corporation
Short Description
Healthcare IT company in Japan publicly listed on JSX. We invest in healthtech
company in the region

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Healthtech Media Logistics SaaS

Rp Funding Stage Ticket Size


Pre-Series A, Series A, 1- 4 m USD
Series B

Notable Portfolio

Email
evelyn@gnb.ac

Website
https://www.infocom.co.jp/en/index.html Scan Website

Indonesia Venture Capital Database 2023


40
Init6
Short Description
Init-6 is a VC fund that looks for technical founders with a passion to solve
big problems. The firm was founded in early 2020 by co-founders Achmad Zaky
and Nugroho Herucahyono (Xinuc) after leaving the company Bukalapak. We’re
an industry agnostic investor who primarily invests in early-stage rounds.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing Non-Tech Ventures


Healthtech Logistics Fintech
Edutech Human Resources E-commerce
Artificial Intelligence SaaS Gaming
Media Smart City
Marketplace

Funding Stage Ticket Size


Rp

Pre-Seed, Seed, 250 k - 2 m USD


Pre-Series A, Series A

Notable Portfolio

Email
rexi@init-6.fund
info@init-6.fund

Website
https://init-6.fund Scan Website

Indonesia Venture Capital Database 2023


41
Insignia
Ventures Partners
Short Description
Insignia Ventures Partners is an early-stage technology venture capital firm partner-
ing with unstoppable founders to build great companies in Southeast Asia. Since 2017, we
have invested in emerging technology companies across industries and geographies in the
region, including unicorns Carro, Ajaib, GoTo, and Appier, and category leaders including
Fazz, Shipper, Tonik, and Flip. We partner early with founders and support them from seed
through growth stage as their companies create meaningful impact for millions of people in
Southeast Asia and beyond. With our team of investment and operating professionals who
bring together decades of experience and proprietary networks, we equip our founders with
the tools they need for growth.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Human Resources Gaming


Healthtech SaaS Proptech
Edutech Non-Tech Ventures B2B
Artificial Intelligence Fintech Renewable Energy
Marketplace Web-3.0 D2C
Logistics E-commerce

Funding Stage Ticket Size


Rp

Seed, Pre-Series A, 1-10 m USD


Series A

Notable Portfolio

Email
andri@insignia.vc
hello@insignia.vc

Website
insignia.vc Scan Website

Indonesia Venture Capital Database 2023


42
Intudo Ventures
Short Description
Intudo Ventures is the only venture capital firm that invests exclusively in Indonesia

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing Web-3.0


Healthtech Logistics Human E-commerce
Edutech Resources Gaming
Media SaaS Proptech
Marketplace Fintech

Rp Funding Stage
Seed, Pre-Series A, Series A,
Series B and Above

Notable Portfolio

Email
gibran@intudovc.com
mail@intudovc.com

Website
https://intudovc.com Scan Website

Indonesia Venture Capital Database 2023


43
Javas Ventures
Short Description
Javas Venture is an angel syndication fund; investing in early stage startups with
sector agnostic which focus on revenue growth and road to profitability.

Type of VC
Rp
Venture Capital

Industry Preference

Healthtech SaaS E-commerce


Edutech Smart City Gaming
Artificial Intelligence Non-Tech Ventures Proptech
Logistics Fintech B2B

Rp
Funding Stage Ticket Size
Pre-Seed, Seed 50 k - 2 m USD

Notable Portfolio

Email
Alex@javaskapital.com

Website
Https://javasventure.com Scan Website

Indonesia Venture Capital Database 2023


44
Jungle Ventures
Short Description
Singapore based VC that invests in regional or global
technology category leaders from Asia.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics E-commerce


Healthtech Human Resources Gaming
Edutech SaaS Proptech
Artificial Intelligence Smart City B2B
Media Non-Tech Ventures Renewable Energy
Marketplace Fintech D2C
Adtech/Marketing

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A, 500 k - 20 m USD
Series A, Series B

Notable Portfolio

Email
karissa@Jungle.vc
contact@jungle.vc

Website
www.jungle.vc Scan Website

Indonesia Venture Capital Database 2023


45
Kasikorn Vision
Short Description
Kasikorn Vision is an investment holding company with a mission to scout
new digital opportunities and business models to support the AEC+3 business
expansion of KASIKORNBANK and the business transformation of our clients. To
achieve our committed mission, we have established business innovation scouts
in 4 leading innovative countries: Israel, China, Vietnam and Indonesia.

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Fintech Edtech ESG and sustainability


Wealthtech SaaS Logistics
Healthtech New retail

Rp
Funding Stage Ticket Size
Series A, Series B, 2 - 3 m USD
Above Series B

Notable Portfolio

Email
stevanus.a@kasikornvision.com
Thidarat.sa@kasikornbank.com
Pornchanok.s@kasikornbank.com
contact@kasikornvision.com

Website
https://www.kasikornvision.com Scan Website

Indonesia Venture Capital Database 2023


46
Kopital Network
Short Description
Kopital Network is an angel network that marries today's tech
pioneers with tomorrow's game changers.

Type of VC
Rp
Angel Network

Industry Preference

Agritech Adtech/Marketing Fintech


Healthtech Logistics Web-3.0
Edutech Human Resources E-commerce
Artificial Intelligence SaaS Gaming
Media Smart City Proptech
Marketplace Non-Tech Ventures B2B

Rp
Funding Stage Ticket Size
Pre-Seed, Seed 50k - 200k USD

Notable Portfolio

Email
info@kopitalnetwork.com

Website
https://kopitalnetwork.com/ Scan Website

Indonesia Venture Capital Database 2023


47
Kejora Capital
Short Description
Kejora Capital is a multistage venture capital focusing on investments in the
emerging sectors of Southeast Asia. Founded in 2014, Kejora is built by entrepreneurs
and for entrepreneurs. It differentiates itself with a hands-on approach and support
that goes beyond financial investment - bringing solid regional networks, backed by
valuable experience and local market insights.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics E-commerce


Healthtech Human Resources Gaming
Edutech SaaS Proptech
Artificial Intelligence Smart City B2B
Media Fintech Renewable Energy
Marketplace Web-3.0 D2C
Adtech/Marketing

Rp
Funding Stage Ticket Size
Seed, Pre-Series A, Series A, Early stage:
Series B, Above Series B, $250,000 - $3 Million.
Pre-IPO
Growth stage:
up to $20 Million

Notable Portfolio

Email
hello@kejorahq.com

Website
https://kejorahq.com/ Scan Website

Indonesia Venture Capital Database 2023


48
Kolibra Capital
Short Description
Kolibra capital is a sector agnostic early stage VC with an Indonesian focus

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing Fintech


Healthtech Logistics E-commerce
Edutech Human Resources Proptech
Artificial Intelligence SaaS B2B
Media Non-Tech Ventures

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, 100 k - 1,5 m USD
Pre-Series A, Series A

Notable Portfolio

Email
info@kolibracapital.com

Website
https://www.kolibracapital.com Scan Website

Indonesia Venture Capital Database 2023


49
K3 Ventures
Short Description
Southeast Asia focused VC with deep strategic ecosystem linkages
in the region

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace SaaS


Healthtech Logistics E-commerce
Artificial Intelligence Human Resources B2B

Funding Stage Ticket Size


Rp

Seed, Pre-Series A, Series A 2-5 m USD

Notable Portfolio

Email
Nicholas@k3ventures.com

Website
https://www.k3ventures.com/ Scan Website

Indonesia Venture Capital Database 2023


50
Living Lab Ventures
Short Description
Living Lab Ventures is a Southeast Asia sector agnostic venture capital firm. We
invest in global minded entrepreneurs building exceptionally high impact companies by
leveraging our expertise, support service and ecosystem. Living Lab Ventures is driven by
three main pillars: Investment, Incubation, and Venture Building.

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Smart City Mobility New Retail


Proptech Sustainability Data Analytic & AI

Rp
Funding Stage Ticket Size
Pre Seed to Series A 500k - 1 m

Notable Portfolio

Email
edmund@livinglab.ventures

Website
http://livinglab.ventures Scan Website

Indonesia Venture Capital Database 2023


51
M Venture Partners (MVP)
Short Description
MVP is an early stage Venture Capital fund investing across SEA & South Asia.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics E-commerce


Healthtech Human Resources Gaming
Edutech SaaS Proptech
Artificial Intelligence Smart City B2B
Media Non-Tech Ventures Renewable Energy
Marketplace Fintech D2C
Adtech/Marketing Web-3.0 Sector Agnostic

Funding Stage Ticket Size


Rp

Pre-Seed, Seed, Pre-Series A, 500 k - 1 m USD


Series A

Notable Portfolio

Email
abby@m-venturepartners.com
dealteam@m-venturepartners.com

Website
www.m-venturepartners.com Scan Website

Indonesia Venture Capital Database 2023


52
Mandiri Capital Indonesia
Short Description
Mandiri Capital Indonesia is an Innovation Hub for Bank Mandiri
group which focus on investment and synergy with startups

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Embedded Finance Impact Investment:


- Fintech
Payment
- Food & Agritech
- Energy & Transport
- Industry
- Logistic & Commerce
- Healthtech
- Edutech

Rp Funding Stage Ticket Size


Seed, Pre-Series A, 500 k - 1 m USD (early)
Series A, Series B, 2 m - 20 m USD (growth)
Above Series B
25 m - 30 m USD (late stage)

Notable Portfolio

Email
investments@mandiri-capital.co.id

Website
https://mandiri-capital.co.id Scan Website

Indonesia Venture Capital Database 2023


53
Meadow Street Capital
Short Description
Meadow Street Capital invests in pre-seed and very early stages,
and is also willing to build the company from ideation with the selected
founders. Besides providing capital, Meadow Street Capital also provides
support such as software development, Legal, HR, and Accounting for any
portfolios built under Meadow Street Capital.

Type of VC
Rp
Venture Builder

Industry Preference Ticket Size


Agritech 50 - 300 k USD
Non-Tech Ventures
Fintech Funding Stage
Rp
D2C
Pre-Seed

Notable Portfolio

Email
thor@meadowstreetcapital.com
chandra@meadowstreetcapital.com

Website
https://meadowstreetcapital.com Scan Website

Indonesia Venture Capital Database 2023


54
MDI Ventures
Short Description
MDI Ventures is a strategic VC originally anchored by evergreen fund from Telkom
Indonesia. We have since grown to manage investments from other third party LP
Investors. MDI unique selling point is as a Strategic VC that create access to new business
opportunity and revenue, through collaboration between startups we invest and our anchor
LP investors from Telkom to other SOE and to other Large Indonesian Corporates.

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Agritech Logistics E-commerce


Healthtech SaaS B2B
Edutech Smart City Renewable Energy
Marketplace Fintech

Rp
Funding Stage Ticket Size
Seed, Pre-Series A, Series A, 100 k - 5 m USD (early)
Series B, Above Series B 5 - 20 m USD (growth)

Notable Portfolio

Email
info@mdi.vc
mika.aldo@mdi.vc

Website
https://mdi.vc Scan Website

Indonesia Venture Capital Database 2023


55
Meratus Ventures
Short Description
Meratus Ventures is Corporate Venture Capital of Meratus Group
focusing on Maritime and Logistic in SEA.

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Agritech Logistics Maritime


Artificial Intelligence B2B

Rp Funding Stage Ticket Size


Seed, Pre-Series A, 250 k - 1 m USD
Series A, Secondary Round

Notable Portfolio

Email
muh.arnanda@meratusline.com

Website
https://www.meratus.com/ventures Scan Website

Indonesia Venture Capital Database 2023


56
Monk's Hill Ventures
Short Description
Monk's Hill is venture capital that's Founded in 2014 by entrepreneurs Peng
T. Ong and Kuo-Yi Lim, MHV is a venture capital firm investing in early-stage tech
companies, primarily in Pre-Series A and Series A, in Southeast Asia.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing Smart City


Healthtech Logistics Fintech
Edutech Human Resources Gaming
Artificial Intelligence SaaS Marketplace

Rp
Funding Stage Ticket Size
Pre-Series A, Series A 2 - 10 m USD

Notable Portfolio

Email
info@monkshill.com

Website
https://www.monkshill.com Scan Website

Indonesia Venture Capital Database 2023


57
Moonshot Ventures
Short Description
Moonshot Ventures is an impact investor with gender-lens approach, which
provides investment, venture building and support programs to purpose-driven
founders and startups, so that they can develop innovative and disruptive solutions to
the most difficult problems facing Southeast Asia.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing Web-3.0


Healthtech Logistics E-commerce
Edutech Human Resources Proptech
Artificial Intelligence SaaS B2B
Media Smart City Renewable Energy
Marketplace Fintech

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A 50 k - 250 k USD

Notable Portfolio

Email
dinda.hervi@moonshotventures.org

Website
https://moonshotventures.org Scan Website

Indonesia Venture Capital Database 2023


58
Mulia Sky Capital
Short Description
Early-investment fund focusing on seed to pre-series A.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics Proptech


Healthtech SaaS B2B
Edutech Fintech Renewable Energy
Media Web-3.0 D2C
Adtech/Marketing E-commerce

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series A 300 k USD (on average)

Notable Portfolio
to be updated

Email
admin@muliasky.vc

Website
www.muliasky.vc Scan Website

Indonesia Venture Capital Database 2023


59
Northstar Group
Short Description
Northstar Group is SEA focused investment firm that
has both private equity and venture capital arm.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing E-commerce


Healthtech Logistics Gaming
Edutech Human Resources Proptech
Artificial Intelligence SaaS B2B
Media Fintech D2C
Marketplace Web-3.0

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series up to 10 m USD
A, Series A, Series B

Email
nsv@nsgroup.com

Website
https://www.nsgroup.com Scan Website

Indonesia Venture Capital Database 2023


60
OCBC NISP Ventura
Short Description
OCBC NISP Ventura is a corporate venture capital under OCBC NISP Bank.

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Agritech Adtech/Marketing E-commerce


Healthtech Logistics Gaming
Edutech Human Resources Proptech
Media SaaS B2B
Marketplace Fintech

Funding Stage Ticket Size


Rp

Seed, Pre-Series A, 300 k - 2 m USD


Series A

Notable Portfolio

Email
investment@ocbcnispventura.com

Website
https://ocbcnispventura.com Scan Website

Indonesia Venture Capital Database 2023


61
Openspace Ventures
Short Description
Venture capital firm finding and backing SEA companies creating a
transformative impact where tech meets life

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics E-commerce


Healthtech Human Resources Gaming
Edutech SaaS Proptech
Artificial Intelligence Smart City B2B
Media Fintech Renewable Energy
Marketplace Web-3.0 D2C
Adtech/Marketing

Funding Stage Ticket Size


Rp

Pre-Seed, Seed, Pre-Series - 3 - 5 m USD


A, Series A, Series B, - Up to 30 m USD (Growth)
Above Series B

Notable Portfolio

Email
tania@openspace.vc

Website
https://www.openspace.vc Scan Website

Indonesia Venture Capital Database 2023


62
8
Orvel Ventures
Short Description
Orvel Ventures is a new early stage fund based in Singapore, investing across
SEA. The fund is founded by both the Ascend Angels Network and Vulpes Ventures.
Ascend Angels is a network of 300+ founders and executives. Our IC members include
Mohan from e27, and Milan from Ascend Angels. Our typical cheque size is $50K-$150K
and we are sector agnostic and invest across SEA. We have invested in sectors such as
AI, Healthcare, HRTech, B2B SaaS and D2C. We use the e27 and Ascend Angels network
to help Founders extend their runway by helping them with their go to market plans,
make warm intros to investors and open doors to customers to reduce the time to get
to Series A.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace E-commerce


Healthtech Logistics Gaming
Edutech Human Resources Proptech
Artificial Intelligence SaaS B2B
Media Fintech

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, Pre-Series A 50k - 150k USD

Notable Portfolio

Email
adriel@ascendangels.com

Website
orvel.vc Scan Website

Indonesia Venture Capital Database 2023


63
Ozora Venture
Short Description
Ozora Yatrapaktaja is focusing on empowering next generation entrepreneurs,
including those who are from underserved second-tier cities and women entrepreneurs in
Indonesia. Ozora's vision is to be the best venture builder and gateway to access the
Indonesian venture landscape

Type of VC
Rp
Venture Builder

Industry Preference

Edutech Non-Tech Ventures B2B


Women-focused E-commerce Renewable Energy
Health & Wellness AgriTech & Alternative Protein

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series up to 500 k USD
A, Series A

Email
andre@ozoravc.com
info@ozoravc.com

Website Copyright 2023 PT Sinar Digital Terdepan (Xendit) and


Kementerian Pariwisata dan Ekonomi Kreatif
https://ozoravc.com Scan Website

Indonesia Venture Capital Database 2023


64
Patamar Capital
Short Description
We are Southeast Asia’s leading impact venture capital firm. Since 2011, we
have invested in early-stage technology companies to transform the lives of the
emerging middle class. We work with our entrepreneurs to build sector-defining
business models, drive economic impact, and generate top-tier financial returns.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Fintech Affordable


Healthtech SME Housing
Edutech Digitization

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, up to 1 m USD
Pre-Series A, Series A

Notable Portfolio

Email
felica@patamar.com (Felica)
Website
https://patamar.com/ Scan Website

Indonesia Venture Capital Database 2023


65
Pegasus Tech Ventures
Short Description
Pegasus Tech Ventures is a global venture capital firm with $2B AUM based in
Silicon Valley, offering intellectual and financial capital to exceptional emerging
technology companies around the world. In addition to a more traditional investment
approach, Pegasus offers a unique Venture Capital-as-a-Service (VCaaS) model for
more than 35 large, global corporations such as ASUS, Sega, Aisin, and many others,
that wish to partner with cutting-edge technology startups.

Type of VC
Rp
Venture Capital

Industry Preference

Healthtech Smart City B2B, Renewable


Artificial Intelligence Proptech Energy
SaaS Fintech Consumer

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, 100 k - 500 k USD
Pre-Series A, Series A

Notable Portfolio

Email
sea@pegasusventures.com
jeanny@pegasusventures.com

Website
https://www.pegasustechventures.com Scan Website

Indonesia Venture Capital Database 2023


66
Prasetia Dwidharma Ventures
Short Description
Prasetia Dwidharma Ventures invests in early stage startups. We have invested in
more than 60 startups in Indonesia and 40 startups outside of Indonesia.

Type of VC
Rp
Corporate Venture Capital

Industry Preference

Agritech Logistics Fintech


Healthtech Human Resources Web-3.0
Edutech SaaS Proptech
Artificial Intelligence Smart City B2B
Marketplace Non-Tech Ventures

Rp Funding Stage Ticket Size


Pre-Seed, Seed, 50 k USD
Pre-Series A, Series A

Notable Portfolio

Email
investment@prasetia.co.id

Website
https://investment.prasetia.co.id/ Scan Website

Indonesia Venture Capital Database 2023


67
Qualgro VC
Short Description
Qualgro (Quality & Growth) is a Venture Capital firm investing in Southeast
Asian startups in various sectors, especially those with B2B, Data/AI or Software
capabilities. We support talented entrepreneurs with regional or global growth
ambition across stages, primarily in Series A & B.

As of 2022, Qualgro has 31 portfolio companies including 3 unicorns, and


has made 7 full-exits (IPO and M&A). Qualgro was awarded 'VC Exit of the Year
2019' by Singapore Venture Capital Association.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech SaaS Data and Analytics


Healthtech Fintech Consumer
Edutech Web-3.0 Financial
Artificial Intelligence Proptech Property
Media B2B Medical etc
Adtech/Marketing Renewable Energy
Human Resources

Rp
Funding Stage Ticket Size
Pre-Series A, Series A, USD 2-10 million
Series B

Notable Portfolio

Email
badai.tanmizi@qualgro.com

Website
https://qualgro.com Scan Website

Indonesia Venture Capital Database 2023


68
Quona Capital
Short Description
Global Fintech Fund for Emerging Markets

Type of VC
Rp
Venture Capital

Industry Preference

Fintech Web-3.0 Agritech


Embedded Finance E-commerce Marketplace
B2B Proptech

Rp Funding Stage Ticket Size


Pre-Seed, Seed, 500k - 5 m USD
Pre-Series A, Series A

Notable Portfolio

Email
vincent@quona.com

Website
https://quona.com Scan Website

Indonesia Venture Capital Database 2023


69
Salt Ventures
Short Description
SALT Ventures is one of the most impactful and
influential venture equity firm in Indonesia.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Media Fintech


Healthtech Non-Tech Ventures D2C
Edutech

Rp Funding Stage Ticket Size


Pre-Series A, Series A 200 k - 1.2 m USD

Notable Portfolio

Email
jeffrey@saltventures.id
admin@saltventures.id

Website
https://saltventures.id Scan Website

Indonesia Venture Capital Database 2023


70
Seedstars International Ventures
Short Description
Seedstars International Ventures is a Global Early-Stage VC fund focused
on backing the best founders in emerging markets in the Southeast Asia, MENAP,
Sub-saharan Africa and Latin America region.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics Fintech


Healthtech Human Resources E-commerce
Edutech SaaS Proptech
Artificial Intelligence Smart City B2B
Marketplace

Funding Stage Ticket Size


Rp

Pre-Seed, Seed, $150k - $350k


Pre-Series A

Notable Portfolio

Email
twwo@seedstars.com
investments@seedstars.com

Website Scan Website

https://www.seedstars.com/funds/international/

Indonesia Venture Capital Database 2023


71
Sequoia Capital Southeast Asia
Short Description
Sequoia helps daring founders build legendary
companies, from idea to IPO and beyond

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics E-commerce


Healthtech Human Resources Gaming
Edutech SaaS Proptech
Artificial Intelligence Smart City B2B
Media Non-Tech Ventures Renewable Energy
Marketplace Fintech D2C
Adtech/Marketing Web-3.0

Rp Funding Stage Ticket Size


Pre-Seed, Seed, 500K-10M
Pre-Series A, Series A (Seed to Series A)

Notable Portfolio

Email
https://www.sequoiacap.com/sea/
our-team/
(Linkedin and email included)

Website
https://www.sequoiacap.com/sea Scan Website

Indonesia Venture Capital Database 2023


72
Shinhan Venture Investment
Short Description
Shinhan Venture Investment is the VC arm of the Shinhan Financial Group
(one of the largest financial conglomerates in Korea) with the AUM of $1.2 billion.
The Global division within Shinhan Venture Investment invests in the SEA region,
Japan, the U.S., Korea and other emerging markets.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics Fintech


Healthtech HR Tech E-commerce
Edutech SaaS Gaming
Media Smart City Proptech
Marketplace Consumer Tech B2B

Rp
Funding Stage Ticket Size
Series A~Pre-IPO $2m~$10m

Notable Portfolio

Email
julia.seo@shinhanvc.com

Website
https://www.shinhanvc.com/en Scan Website

Indonesia Venture Capital Database 2023


73
Skystar Capital
Short Description
We are Skystar Capital, an early-stage VC firm committed to supporting
tech entrepreneurs to create a lasting and profound positive difference in Indone-
sia and Southeast Asia. We have a strong track record of helping Founders scale
their business to the next level.

We provide strategic value-add through our own expertise (supporting,


mentoring, and providing insights) as well as our extensive network (opening
doors to business synergies) across many sectors including media, telecommu-
nications, financial services, healthcare, consumer products and services, hospi-
tality, education, and others.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace Web-3.0


Healthtech Logistics E-commerce
Edutech Fintech MSMEs Solutions

Rp
Funding Stage Ticket Size
Seed, Pre-Series A, Series A 200 k - 2 m USD

Notable Portfolio

Email
gabriella@skystarcapital.com
contact@skystarcapital.com

Website
https://skystar.vc Scan Website

Indonesia Venture Capital Database 2023


74
SMDV
Short Description
We support visionary entrepreneurs to build sustainable ventures

Type of VC
Rp
Venture Capital

Industry Preference

Agnostic

Rp Funding Stage Ticket Size


Pre-Series A, Series A, $500 k - $10 m USD
Series B, Above Series B,
Pre-IPO

Notable Portfolio

Email
ir@smdv.com

Website
https://smdv.com/ Scan Website

Indonesia Venture Capital Database 2023


75
Sovereign's Capital
Short Description
US-Based VC Fund that invests in early Stage Starups. We provide capital and
strategic partnership to values-driven, market-leading companies with potential for
outsized returns for all stakeholders.

Type of VC
Rp
Venture Capital

Industry Preference

Sector Agnostic:
- SaaS
- Fintech

Rp Funding Stage Ticket Size


Seed, Pre-Series A, 300k - 1 m USD
Series A

Notable Portfolio

Email
chalim@sovereignscapital.com
ksutantyo@sovereignscapital.com

Website
https://sovereignscapital.com/ Scan Website

Indonesia Venture Capital Database 2023


76
Spiral Ventures
Short Description
Spiral Ventures Asia (SVA) invests in startups that address social needs and
create new future in Southeast Asia and India where people believes as the next
exponential growth market. In addition to investment and pursuing financial return, we
also provide bridge among corporates and growing Asian startups, and facilitate
market access and collaboration among them to create greater value.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Logistics Web-3.0


Healthtech Human Resources E-commerce
Edutech SaaS Proptech
Marketplace Fintech B2B

Rp
Funding Stage Ticket Size
Seed, Pre-Series A, 500k - 1 m USD
Series A

Notable Portfolio

Email
gio@spiral-ventures.com
irawan@spiral-ventures.com

Website
https://spiral-ventures.com/ Scan Website

Indonesia Venture Capital Database 2023


77
Susquehanna International Group
Short Description
SIG venture capital has no fixed time horizons and is not subject to the
vagaries of the fundraising cycle. We can be flexible in the types of deals we do, the
securities we hold, and the risks we take. Above all, our culture is to stay out of the
spotlight while we support and highlight the successes of our entrepreneurs. Our
capital comes from Susquehanna International Group, LLP (SIG), one of the world’s
largest privately-held financial services firms.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Adtech/Marketing Fintech


Healthtech Logistics Web-3.0
Edutech Human Resources E-commerce
Artificial Intelligence SaaS Gaming
Media Smart City Proptech
Marketplace Non-Tech Ventures B2B

Rp
Funding Stage Ticket Size
Seed, Pre-Series A, Series A, 2 - 10 m USD
Series B, Above Series B,
Pre-IPO

Notable Portfolio

Email
josh.prameswara@sig.com

Website
https://sig-asiavc.com Scan Website

Indonesia Venture Capital Database 2023


78
SV Investment
Short Description
Founded in 2006, SV Investment is one of the leading Korean VCs, making leading
investments in various game-changing startups including HYBE (BTS). SV Investment has
widened its global coverage to China, the U.S., and Southeast Asia and has also expanded
its operational field into the private equity sector. With such efforts, SV has secured over 1
billion dollars in AUM by attracting funds from major Korean institutions.

Type of VC
Rp
Venture Capital

Industry Preference

Agnostic

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series 1 m - 10 m USD
A, Series A, Series B,
Above Series B, Pre-IPO

Notable Portfolio

Email
kemal@svinvest.com

Website
http://www.svinvestment.co.kr/ Scan Website

Indonesia Venture Capital Database 2023


79
Teja Ventures
Short Description
We are an early stage venture capital firm investing in consumer technology
startups. Backing the next-generation of category leaders shaping the future of
consumption for the emerging middle class in South East Asia.

Type of VC
Rp
Venture Capital

Industry Preference

Future of food Future of health and wellness Circular economy


Future of retail Creator economy Financial inclusion

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, 500 k - 2 m USD
Pre-Series A, Series A

Notable Portfolio

Email
cynthia@tejaventures.com

Website
https://www.tejaventures.com/ Scan Website

Indonesia Venture Capital Database 2023


80
Trihill Capital
Short Description
Trihill Capital is an investment firm investing in both venture capital in
Southeast Asia and public equities globally, with a strong network of enterprises
and financial institutions in the region. Our venture investment arm backs
transformative founders across seed to growth stages. We provide concrete
values and commitments to our portfolios by leveraging our network across
sectors in the region.

Type of VC
Rp
Venture Capital

Industry Preference

Commerce Logistics MSME Enablers


Fintech Agriculture Edtech

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, 500 k - 5 m USD
Pre-Series A, Series A,
Series B

Notable Portfolio

Email
pitch@trihillcapital.com

Website
https://www.trihillcapital.com/ Scan Website

Indonesia Venture Capital Database 2023


81
UMG Idealab
Short Description
UMG Idealab is a deep tech Venture Builder that's focused on fighting
climate change, income inequality and building SMEs tech capability. UMG
Idealab makes ideas happen.

Type of VC
Rp
Venture Builder and Corporate Venture Capital

Industry Preference

Agritech Human Resources Gaming


Healthtech Fintech Green Energy
Artificial Intelligence

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, 500 k - 6.5 m USD
Pre-Series A

Notable Portfolio

Email
kiwi.aliwarga@umgroups.com
info@umgidealab.id

Website
https://umgidealab.id Scan Website

Indonesia Venture Capital Database 2023


82
Venturra Capital
Short Description
Indonesia and Vietnam-based VC fund investing in early stage,
sector-agnostic companies across Southeast Asia.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Marketplace Smart City


Healthtech Adtech/Marketing Fintech
Edutech Logistics Web-3.0
Artificial Intelligence Human Resources E-commerce
Media SaaS Gaming

Rp
Funding Stage Ticket Size
Pre-Seed, Seed, 500 k - 1,5 m USD
Pre-Series A, Series A

Notable Portfolio

Email
contact@venturra.com
faye@venturra.com

Website
www.venturra.com Scan Website

Indonesia Venture Capital Database 2023


83
Vertex Ventures
Southeast Asia & India
Short Description
Vertex Ventures Southeast Asia and India invests in high-growth start-ups
seeking their first round of institutional venture capital funding in Southeast Asia
and India. It has a long and strong track record of investing in early-stage startups
and building champions like Grab, Patsnap, 17Live, Nium, FirstCry, Licious, the
Parentinc, Validus, Warung Pintar, and others.

Vertex Ventures Southeast Asia and India is part of the Vertex global
network of venture capital funds. Its global network also comprises affiliates in
Silicon Valley, China, and Israel. A trusted partner to some of the world’s most
innovative entrepreneurs, Vertex supports its portfolio companies with unmatched
operating experience and deep access to the capital, talent, partners and
customers they need to build truly global businesses. For more information, please
visit: https://www.vertexventures.sg

Type of VC
Rp
Venture Capital

Industry Preference

Adtech/Marketing E-Commerce Logistics


Agritech Edutech Marketplace
Artificial Intelligence Fintech Proptech
B2B Commerce Gaming SaaS
Climate Tech Healthtech Smart City
D2C Human Resources Web-3.0

Rp
Funding Stage Ticket Size
Pre-Series A, Series A, 2 - 8 m USD (flexible to
Series B go lower or higher)

Notable Portfolio

Email
helloasia@vertexventures.com

Website
vertexventures.sg Scan Website

Indonesia Venture Capital Database 2023


84
Vickers Ventures
Short Description
Deep tech Investors

Type of VC
Rp
Venture Capital

Industry Preference

Healthtech Biotech Medical Devices


Artificial Intelligence Biomedical Renewable Energy
Smart City

Rp Funding Stage Ticket Size


Pre-Series A, Series A, Lifecycle investor
Series B, Above Series B,
Pre-IPO

Notable Portfolio

Email
admin@vickersventure.com

Website
https://www.vickersventure.com Scan Website

Indonesia Venture Capital Database 2023


85
Vynn Capital
Short Description
Vynn Capital is a Southeast Asia focused early stage venture capital firm
investing in early stage tech startups. As a sector focused investor, Vynn Capital
is eyeing on the Supply Chain and Mobility industries.

Type of VC
Rp
Venture Capital

Industry Preference

Supply Chain Mobility

Rp Funding Stage Ticket Size


Seed, Pre-Series A, 500 k - 1.5 m USD
Series A

Notable Portfolio

Email
vc@vynncapital.com

Website
https://vynncapital.com Scan Website

Indonesia Venture Capital Database 2023


86
Wavemaker Partners
Short Description
Wavemaker Partners is Southeast Asia’s go-to VC firm investing in the
early-stage enterprise, deep tech, and sustainability startups. Since 2012, it has
backed 170+ companies, of which about 150 (85%) are in enterprise or deep tech.
The firm has over US$300 million in AUM across four funds in the region and has
seen more than 10 exits with an aggregate enterprise value of over US$700 million.
Today, 75% of Wavemaker’s active portfolio startups in Southeast Asia are aligned
with at least one UNDP Sustainable Development Goal.

Type of VC
Rp
Venture Capital

Industry Preference

B2B

Rp Funding Stage Ticket Size


Pre-Seed, Seed, Pre-Series 750 k - 1.5 m USD
A, Series A

Notable Portfolio

Email
ksutedja@wavemaker.vc
junius@wavemaker.vc

Website
wavemaker.vc Scan Website

Indonesia Venture Capital Database 2023


87
ZWC Partners
Short Description
ZWC Partners (ZWC) is a dual-currency private equity firm focusing on
Asia's fast-growing markets. Managing over USD 2.5 billion, ZWC focuses on
growth/early-growth stage investments in digital economy, new energy,
deep-tech and consumer sector. ZWC has operation in Shanghai, Beijing,
Shenzhen, Hong Kong, Singapore, Jakarta, Bangkok and Ho Chi Minh City.

The shareholders of ZWC include international financial institutions,


leading corporates, and family offices of accomplished entrepreneurs. This
unique ecosystem provides investees valuable support in both financial and
industrial resources. ZWC aims to promote technology innovation, help next
generation of entrepreneurs to succeed, and support sustainable development of
society.

Type of VC
Rp
Venture Capital

Industry Preference

Agritech Human Resources Gaming


Edutech SaaS Proptech
Artificial Intelligence Fintech B2B
Media Web-3.0 Renewable Energy
Marketplace E-commerce D2C
Logistics

Funding Stage Ticket Size


Rp

Seed, Pre-Series A, 5 - 20 m USD


Series A, Series B,
Above Series B

Notable Portfolio

Email
sky.tsoi@zwcpartners.com

Website
http://www.zwcpartners.com Scan Website

Indonesia Venture Capital Database 2023


88
8
Community Partner
Apollo
Apollo is a corporate spending management platform that helps
you to execute and manage your payables, from corporate credit
cards to cash disbursements to all banks in Indonesia. Apollo
has been used by hundreds of businesses every month from
SME to funded startups so they can focus on most important
part: growing their business, let us help you build your business

Founders Live
Founders Live is the global venue that gives modern
entrepreneurs the opportunity to earn recognition, gain
opportunities, connect with other entrepreneurs, and get wide
access across the globe.

Pijar Foundation
Building a catalytic ecosystem of strategic players to close
talent, innovation, and policy gaps.

Lestari
Lestari is a hub, connector, and accelerator of new ventures and
technological initiatives that embraces the future trends,
opportunities, and challenges.

Shinhan
Shinhan Future's Lab is an accelerator, run in Korea, Indonesia,
Vietnam, and Japan. Believing that startup shouldn’t be a lonely
path, Our mission is to build an ecosystem where corporations
and startups learn and grow together. In Indonesia, we
committed to scale up Indonesian startups by providing access
to funding, a vast network, in-depth mentoring, and collaboration
opportunities.

Indonesia Venture Capital Database 2023


Angin
ANGIN has grown beyond an angel investment network model
into a key asset of the Indonesian entrepreneurial ecosystem by
establishing the largest early-stage investment platform and
one of the first advisory consulting firms in Indonesia working
on SDGs and entrepreneurship-related programs.

Up to date, ANGIN has successfully facilitated investments in


more than 150 startups and social enterprises leveraging a
network of over 150 investors, both institutional and individual.
Its advisory arm has delivered more than 50 projects with key
clients such as OXFAM, Ford Foundation, the World Bank and
several Indonesian government entities (e.g. Bank of Indonesia,
Ministry of Industry).

Instellar
Instellar is a purpose-driven company which helps businesses
to be more impactful, sustainable, and scalable. We accelerate
social innovation in organizations and we work together
towards scalable and sustainable social impact through incuba-
tion, consultancy, and investment in other mission-driven com-
panies. Instellar has been working on various distinguished
projects and programs since 2014, playing the role of a catalyst,
a connector, and a community platform, to develop an ecosys-
tem for mission-driven businesses and social enterprises in
Indonesia. We want to build a world where businesses are run
with social responsibility and driven by purpose and impact.
instellar.id/

Gear Up
Gear Up is a one year brainstorming program aimed to help
startups solve their specific challenges through one year
tailor-made strategy. During the program, startups will receive
one-on-one, hands-on attention and personalized KPIs designed
to target the company's specific issues and goals. We are
backed by highly qualified advisors from diverse backgrounds to
ensure a holistic approach in problem solving

Nakama
NAKAMA.ID is an educational platform for digital startups to
level up towards access to funding

Indonesia Venture Capital Database 2023


Kumpul
Kumpul is an innovation and ecosystem enabler that
accelerates the process of creating successful enterprises by
providing educational components, cohort-based programs and
networking opportunities.

As of today, Kumpul has successfully initiated various flagship


and partnership programs that nurtured local and international
startups, as well as Indonesian micro and macro SMEs.

Ngalup
Ngalup is an ecosystem builder based in Malang, we are
concerned with developing digital ecosystems. We help our
community (which consists of entrepreneurs and digital talent)
to grow by gathering and connecting them in our events and
accelerating collaboration, so that they can advance their career
or business.

Indigo
Indigo is an end-to-end program focusing on early stages
startups in Indonesia. The program Indigo, started by Telkom
Indonesia, was founded in 2013 and has helped more than 200
companies in a variety of industries, including agribusiness,
logistics, smse, edutech, etc. Indigo has a presence in 16 cities
across Indonesia, from Banda Aceh to Makassar. Indigo has a
purpose to unlocking real access to every vision of Indonesian
founders to embody their digital innovation.

Mikti
MIKTI (Masyarakat Industri Kreatif Teknologi Informasi dan
Komunikasi Indonesia) adalah organisasi non profit yang
mewadahi kolaborasi antar pelaku dan pemangku kepentingan
di industri kreatif digital Indonesia untuk menciptakan
ekosistem industri yang kompetitif dan berkelanjutan. Sejak
didirikan pada 2008, dengan didukung kemitraan strategis
dengan berbagai pihak, MIKTI telah membina lebih dari 50 ribu
talenta digital, mendampingi 1100 startup, bermitra dengan 700
komunitas di lebih dari 17 kota di Indonesia.

Program MIKTI diantaranya adalah Academic Innovation


Support, Talent Development, Incubation & Acceleration, dan
Corporate & Government Innovation.

Indonesia Venture Capital Database 2023


Alibaba Cloud
Alibaba Cloud, founded in 2009, is a global leader in cloud
computing and artificial intelligence, providing services to
thousands of enterprises, developers, and governments
organizations worldwide. Committed to the success of its
customers, Alibaba Cloud provides reliable and secure cloud
computing and data processing capabilities as a part of its
online solutions. In January 2017, Alibaba Cloud became the
official cloud services partner of the Olympics. Throughout the
year, Alibaba Cloud is committed to support local startups in
Indonesia. Our products and solutions include large-scale
computing, storage resources, security and data intelligence
that enable your business and industry to reach the next level.

Ecoxyztem
A venture builder for Climate Tech Startups in Indonesia.
Ecoxyztem was founded in 2021 from a joint venture between
Greeneration Indonesia (2005) and Impacteam (2020). We aim
to enabling ecopreneur to solve climate challenges at scale by
providing early-stage startups with continuous involvement and
support as it is called “Co-Founder as a service” to focus on
building and scaling up their impactful and profitable business.

Alpha Momentum Indonesia


Alpha Momentum Indonesia is an Indonesia-based Corporate
Venture Capital started in 2018 bridging, connecting, and
facilitating direct investment between our client and startups.
Our intent is to work with emerging Startups with great ideas
that are revolutionary and business disruptive. We provide a new
and exciting model in the country to accelerate these Startups
and transform ideas into entrepreneurial businesses.

AMVESINDO
Venture Capital Association for Indonesian Start-ups
(AMVESINDO), established on May 1st, 2016 and was ratified by
the Financial Services Authority (OJK) on October 4th, 2016.
AMVESINDO has a vision of becoming an organization that
plays an active role in building the Venture Capital (VC) industry
in a professional manner and contributes significantly to the
growth of MSMEs and start-ups in the development of the
Indonesian economy.

Indonesia Venture Capital Database 2023


Amazon Web Services
Amazon Web Services (AWS) is the world’s most
comprehensive and broadly adopted cloud platform, offering
over 200 fully featured services from data centers globally.
Millions of customers—including the fastest-growing
startups—are using AWS to lower costs, become more agile, and
innovate faster.

Endeavour
Endeavor is the leading global community of, by, and for
High-Impact Entrepreneurs — those who dream bigger, scale
faster, and pay it forward.

Launched in 1997, Endeavor is now in 41 countries & emerging


markets. Established its presence in Indonesia in 2012 and
since then, it has selected and supported 86 Endeavor
Entrepreneurs leading 60 companies (as of Dec 2022), some of
them namely founders and CEO of eFishery, Kopi Kenangan,
Bobobox, Kitabisa.com, Paxel, Waresix, Ula, Zenius, AwanTunai,
Pinhome and many more - with the help of over 80 business
leaders in our local network and 3,000+ worldwide as mentors.

endeavor.org | endeavorindonesia.org | Instagram


@endeavor_indo | LinkedIn Endeavor Indonesia

Eranya Cloud
Eranyacloud is a Indonesian full service local cloud provider that
was founded in 2020. We offers credible and reliable cloud
solution services such as public cloud and dedicated server,
Cloud Backup Protect, Disaster Recovery as a Services (DRaaS),
Object Storage, and Managed Services. Our infrastructure
completed with high availability storage and 24x7 support.

DIA Creative
DIA Creative is an end-to-end marketing agency that has youth,
MSMEs, and other communities for event collaboration across
Indonesia. DIA Creative delivers event services for companies
such as startup pitching, exhibitions, productions, company
meetings and outing. etc.

Instagram: @creative.dia | website: diacreative.id

Indonesia Venture Capital Database 2023


Plug and Play
GK-Plug and Play is part of a global innovation ecosystem,
providing solutions by collaboration with Corporations,
Government Bodies, Venture Capitals and Startups.

Greater Hub ITB


Thegreaterhub support startup since 2017, and built and work
under School of Business and Management of ITB. We run 2
batches of incubation program per year, and have capacity of 24
in wall startups. Our incubation program includes workshop,
mentoring, networking, access to legal and tax, and access to
funding. To run the program we have partnered with other
ecosystem players nationally and internationally.

greatergoodincubator@sbm-itb.ac.id
www.thegreaterhub.id
@thegreaterhub

Google Cloud
Google Cloud is proud to help startups solve the world’s
important challenges with agility and innovative technology.
Whether they're starting out or scaling up to meet the needs of
consumers, business, and society, we connect startups with the
right people, products, and best practices to help them thrive
and grow. The Google for Startups Cloud Program provides
startups with access to product and technical support,
dedicated mentors, industry experts, Cloud cost coverage (up to
US$100,000) for the first two years in the program, and more.

Block71
BLOCK71 is a global initiative by NUS Enterprise in collaboration
with established corporates and government agencies. It is a
technology-focused ecosystem builder and global connector
which catalyses and aggregates the start-up community. Since
our establishment in Singapore in 2011, we have since
expanded into 9 more hubs across Vietnam, Indonesia, USA,
Japan and China. Together as a global team, we inspire and
empower people with innovative ideas and technologies and
provide them with mentorship and growth opportunities in local,
regional, and global markets.

Indonesia Venture Capital Database 2023


KrAsia
Founded in 2017, KrASIA is a digital media company reporting
on the most promising technology-driven businesses and trends
in the world's emerging markets, especially news from the
startup ecosystems in China, Southeast Asia and India.

With resources and networks built across Asia, KrASIA also


provides innovation consulting services for a variety of partners.
These services include startup scouting, customised innovation
events, in-depth market reports analysis and ecosystem tours.
Together with 36Kr Global sister teams in Beijing and Tokyo,
KrASIA is able to support tech and innovation happening across
borders.

For more information:


www.kr-asia.com
PIC: Sara Mandagie, Indonesia Country Manager
sara@kr-asia.com

Indonesia Venture Capital Database 2023


Indonesia Venture Capital Database 2023

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