# Top 50 B2B VC (Venture Capital) Funds in Indonesia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Alpha JWC Ventures | 5 | Indonesia, Singapore, Vietnam | Seed, Series A, Series B | E-Commerce, Information Technology, Financial Services |
| Golden Gate Ventures | 3 | Singapore, Indonesia, Thailand | Seed, Series A, Series B | FinTech, E-Commerce, Financial Services |
| MDI Ventures | 3 | Indonesia, Singapore, United States | Series B, Seed, Series A | Software, E-Commerce, FinTech |
| Peak XV Partners | 3 | India, United States, Singapore | Series A, Series B, Seed | Software, Financial Services, E-Commerce |
| Convergence Ventures | 2 | Indonesia, Singapore, Taiwan | Series A, Seed, Series B | Financial Services, FinTech, Internet |
| Indies Capital Partners | 2 | Indonesia, Singapore, Thailand | Series B, Series C, Seed | E-Commerce, Financial Services, FinTech |
| Quona Capital | 2 | India, Brazil, Indonesia | Series A, Series B, Seed | Financial Services, FinTech, Finance |
| Indonusa Dwitama | 2 | Indonesia | Series A | B2B, E-Commerce, Fashion |
| Openspace | 2 | Singapore, Indonesia, Philippines | Series A, Series B, Series C | E-Commerce, Financial Services, Information Technology |
| Alto Partners Multi-Family Office | 2 | Indonesia, Singapore, United States | Series A, Seed, Series B | FinTech, Financial Services, Software |
| Rebright Partners | 2 | India, Indonesia, Singapore | Seed, Series A, Series B | Software, SaaS, Health Care |
| Lightspeed India Partners | 2 | India, United States, Indonesia | Series A, Seed, Series B | Software, Internet, Information Technology |
| Intudo Ventures | 2 | Indonesia, Singapore, Hong Kong | Seed, Series A, Series B | FinTech, Financial Services, Marketplace |
| Investible | 2 | Australia, United States, Singapore | Seed, Series A, Pre-Seed | Software, E-Commerce, Information Technology |
| Wavemaker Partners | 2 | United States, Singapore, Philippines | Seed, Series A | Software, E-Commerce, Information Technology |
| STRIVE | 2 | Japan, India, Indonesia | Seed, Series A | Software, Internet, SaaS |
| BRI Ventures | 2 | Indonesia, Singapore, Taiwan | Series B, Series A, Seed | FinTech, Financial Services, B2B |
| DS/X Ventures | 2 | Indonesia, Singapore | Pre-Seed | Information Technology, B2B, Internet |
| Heyokha Brothers | 2 | Indonesia | Series A, Seed | Finance, Lending, Consumer Lending |
| Skystar Capital | 2 | Indonesia, Singapore, Vietnam | Seed, Series A, Series B | E-Commerce, Financial Services, FinTech |
| Orvel Ventures | 1 | Thailand | Seed | Hospital, Health Care, Financial Services |
| Bamboo Sea Ventures | 1 | Singapore, Indonesia, United States | Seed, Pre-Seed, Corporate Round | Big Data, Internet, Software |
| Centauri Fund | 1 | Indonesia, United States, Singapore | Seed, Series B, Series A | Software, E-Commerce, Information Technology |
| Astor Investment Management | 1 | India, Indonesia | Seed | B2B, SaaS, Big Data |
| Prasetia Dwidharma | 1 | Indonesia, Singapore, United States | Seed, Series A, Pre-Seed | Software, Information Technology, E-Commerce |
| B Capital Group | 1 | United States, India, Singapore | Series B, Series A, Series C | Software, SaaS, Health Care |
| Kejora Capital | 1 | Indonesia, Singapore, Malaysia | Seed, Series B, Series A | E-Commerce, Financial Services, Information Technology |
| Saison Capital | 1 | Singapore, Indonesia, Philippines | Seed, Pre-Seed, Series A | Financial Services, FinTech, Information Technology |
| Vulpes Investment Management Pte Ltd | 1 | Vietnam, Singapore, United Kingdom | Seed, Series A, Convertible Note | Health Care, Internet, Biotechnology |
| Alter Global | 1 | Indonesia, Mexico, Brazil | Seed, Pre-Seed, Series A | E-Commerce, Marketplace, B2B |
| Accial Capital | 1 | Indonesia, Mexico, Colombia | Debt Financing, Seed, Series A | Financial Services, FinTech, Finance |
| K3 Ventures | 1 | Singapore, United States, Indonesia | Series A, Seed | Financial Services, FinTech, Software |
| SMDV | 1 | Indonesia, Thailand, Singapore | Series A, Seed, Series B | E-Commerce, Information Technology, Financial Services |
| Accion Venture Lab | 1 | United States, India, Brazil | Seed, Series A | Financial Services, FinTech, Finance |
| aucfan Co.,Ltd. | 1 | Japan, Indonesia, France | Series A, Corporate Round | E-Commerce, Marketing, Internet |
| GMO VenturePartners | 1 | Japan, United States, India | Seed, Series A | Financial Services, FinTech, Finance |
| Spiral Ventures | 1 | Japan, India, Indonesia | Series A, Seed, Series B | E-Commerce, Internet, Information Technology |
| East Ventures | 1 | Japan, Indonesia, Singapore | Seed, Series A | Software, Information Technology, E-Commerce |
| UOB Venture | 1 | United States, Singapore, China | Series B, Seed, Series A | FinTech, Manufacturing, Financial Services |
| InnoVen Capital | 1 | India, China, Singapore | Debt Financing, Series A | E-Commerce, Financial Services, Internet |
| Brightness Capital | 1 | Indonesia | Seed | B2B, Big Data, Logistics |
| Khoo Investment | 1 | Indonesia | Seed | B2B, Big Data, Logistics |
| Betatron Venture Group | 1 | Hong Kong, India, China | Seed, Pre-Seed, Series A | Information Technology, Software, E-Commerce |
| Forge Ventures | 1 | Singapore, Vietnam, Indonesia | Seed, Pre-Seed | Artificial Intelligence, Enterprise Software, Education |
| BANSEA | 1 | Singapore, Indonesia, Togo | Seed | B2B, Artificial Intelligence, Information Technology |
| responsAbility | 1 | India, Senegal, Vietnam | Debt Financing, Series C | Financial Services, Finance, FinTech |
| Vertex Ventures | 1 | United States, China, Israel | Series A, Series B, Series C | Software, Information Technology, E-Commerce |
| Mandiri Capital Indonesia (MCI) | 1 | Indonesia | Series B, Series A, Seed | FinTech, Financial Services, B2B |
| 1982 Ventures | 1 | Indonesia, Singapore, Philippines | Seed, Pre-Seed, Series A | Financial Services, FinTech, Payments |
| Indogen Capital | 1 | Indonesia, Singapore, Taiwan | Series A, Seed, Series B | Information Technology, Coworking, Supply Chain Management |

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