Keep this list in mind for your next pitch
With its strong market potential, venture capitals are flocking to Indonesia to invest in the country’s blossoming tech startup scene.
e27 has compiled a list of venture capitals operating and investing in Indonesia.
Founded by Andi Surja Boediman and Edward Ismawan Chamdani, the Central Jakarta-based VC has a wide array of business sectors in their portfolio. From e-commerce with Saqina and aCommerce, fintech with Stockbit, gaming with Kark and Touchten, IoT with e-Fishery and media with Female Daily Network.
Andrias Ekoyuono, Ideosource’s VP Business Development, stresses the importance of innovation as seen in the VC’s latest investment in TuringSense, a Silicon Valley-based wearables startup founded by Indonesians.
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Ardent Capital and Ardent Ventures
Led by CEO Adrian Vanzyl, Ardent Capital covers all aspect of e-commerce and fulfilment, while Ardent Ventures focusses on early-stage tech startups in Southeast Asia, with a particular focus on Indonesia. Though it mainly focusses on e-commerce by providing sourcing, fulfilment, retail, demand generation and payment gateway, it also look into other business sectors.
Ardent Ventures’ portfolio includes Hubba, Deliveree, Spaceship, Lolalola, e27, SaleStock and HappyFresh.Ardent Capital’s portfolio includes aCommerce, Moxy, Snapcart and Bizzy.
It sister company, Ardent Hired, provides recruitment services especially for startups.
East Ventures was co-founded in 2010 and is managed by Batara Eto, Taiga Matsuyama and Willson Cuaca.
With offices in Singapore, Jakarta and Tokyo, the venture capital firm focusses on seed to early-stage tech startups. It has two incubation offices in Tokyo that help foreign startups enter the Japanese market. It has invested in 150 companies in US and Asia to date.
Its portfolio in Indonesia includes Prinzio, Sociolla, Jojonomic, Konsula, PopBox, Scoop, Sribu, Berrybenka, Traveloka, Tripvisto and Kudo.
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Convergence Ventures focuses on investing in Indonesia’s early stage tech startups. Led by Adrian Li and Donald Wihardja, the venture capital firm hosted regular meetings and share information through resource portal The Quad. With Advisory Board and Limited Partners in US, China, and Indonesia, it helps Indonesian startups to build a Board of Advisors or even pitch to Silicon Valley.
Its portfolio includes Ematic Solutions, MoneySmart, YesBoss, Adskom, Malesbanget, Paktor, Qraved, Female Daily Network, and Indotrading.
Based in Silicon Valley, Fenox VC assists North American entrepreneurs in achieving global expansion to Asian, European and Middle Eastern markets. It provides early stage and final round funding for businesses in IT, Health IT, Consumer Internet, Cloud, Big Data, Mobile, Social, Payment Systems and Next Generation Technologies sectors.
The venture capital firm was founded by Vitaliy Arbuzov and Anis Uzzaman and its Southeast Asian portfolio includes Tech in Asia, Pomelo, Hijup, Alo Dokter, BrideStory, Talenta, and Joyful Frog Digital Incubator.
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Inspire Ventures is a US$25-million partner-funded venture builder with a presence in Thailand, Indonesia and Vietnam. It focusses on businesses that aim to solve real problems and fill unique chain gaps faced by Southeast Asian businesses and consumers.
In Indonesia, its portfolio includes Deliveree and Super Awesome Asia.
The venture capital invests in companies that already have “at least US$500,000 to US$1.5 million of seed/angel funding, and have demonstrated significant progress in building a viable product (probably up to two years of operations) with some level of repeatability in the sales cycle”. Monk’s Hill focusses on technology-driven businesses in Southeast Asia.
Its portfolio companies include Compare88, Ninja Van, ZipMatch, Playlab and Scalable Capital.
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Led by company president Soichi Tajima, CyberAgent Ventures was founded in Japan in 2006. The venture capital focusses on Internet-related businesses at various stages and that have a global market potential. Its Southeast Asian presence was started in September 2011 with a US$20-million fund.
Its Jakarta office is led by Takahiro Suzuki. CyberAgent Ventures’ portfolio in Indonesia includes Bilna, Tokopedia, Harukaedu and Touchten.
A joint venture with Mountain Partners AG (Zurich), Mountain Kejora Ventures is a venture investor and company builder for technology startups based in Jakarta, Indonesia.
It views Indonesia as a stepping stone into Southeast Asia and other emerging markets. Mountain Kejora Accelerator is targetted at aspiring founders, while Ideabox is an accelerator programme for early-stage companies. It was founded by Andy Zain and Sebastian Togelang.
Portfolio companies include Compare88, Qerja, Ydigital Asia, Wavoo and Dealoka.
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GREE Ventures’ focus is on investing in early-stage (pre-Series A and Series A) Internet and mobile companies. It invests in East Asian and Southeast Asian startups in Internet and mobile businesses, particularly e-commerce, mobile, online marketplaces and portals, and data analytics.
For the Southeast Asian markets, it typically invests US$300,000 to US$2 million per company.
Its portfolio in Indonesia includes Bukalapak and Berrybenka.
Enjoy 2-for-1 tickets to Echelon Indonesia 2016 now. Do not miss out on Indonesia’s biggest international tech conference!
Disclaimer: Ardent Capital is an investor in Optimatic Pte Ltd, the parent company of e27.
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