# Top 50 Community VC (Venture Capital) Funds in Indonesia in October 2023

## East Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 17
- Stages: Seed, Series A
- Focus: Software, Information Technology, E-Commerce

East Ventures is an early stage venture capital (VC) focused on Southeast Asia, Indonesia & Japan. Success cases include Tokopedia, Traveloka, and Mercari.

## SMDV
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 11
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Information Technology, Financial Services

SMDV sinar mas digital ventures

## AC Ventures
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 8
- Stages: Seed, Series A, Series B
- Focus: Financial Services, E-Commerce, FinTech

AC Ventures is an early-stage technology venture fund that focuses on investing in Indonesia’s digital disruptors. Their mission is to partner and support their entrepreneurs with more than capital, combining their operating experience, industry knowledge, and deep local network to bring value. The company was founded in 2020 and is based inJakarta, Indonesia.

## Prasetia Dwidharma
- Type: VC Fund
- Location: Jakarta Pusat, Jakarta Raya, Indonesia
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, E-Commerce

PT Prasetia Dwidharma was founded in 2008 as a telecommunication infrastructure contractor. The company has started to invest in technology startups since 2013.

## Insignia Ventures Partners
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 5
- Stages: Seed, Series A, Series B
- Focus: Financial Services, FinTech, Information Technology

Insignia Ventures Partners is a venture capital firm that specializes in startup investment. Insignia Ventures Partners is an investment firm managed by a former Sequoia Asia partner, Yinglan Tan.

## STRIVE
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, Internet, SaaS

STRIVE focuses on investing in early-stage (Seed to Series A) internet and mobile companies. It seeks out companies in Japan, Southeast Asia, and India with top-notch management teams and strong market potential. It is not tied to strategic investments for GREE Inc. and leverages its pan-Asia expertise for guiding its portfolio in an engaged,hands-on role.

## MDI Ventures
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 4
- Stages: Series B, Seed, Series A
- Focus: Software, E-Commerce, FinTech

MDI is a corporate venture capital initiative by Telkom Indonesia and is set as an independent entity with its own funding processes. MDI uniquely combines a VC model with service in providing companies with access to operational help after making a financial investment.MDI works closely with global accelerators and venture firms to bringproprietary technology from other mature markets into various businesses of Telkom Indonesia.

## Susquehanna International Group (SIG)
- Type: VC Fund
- Location: Bala Cynwyd, Pennsylvania, United States
- Relevant deals: 4
- Stages: Series A, Series B
- Focus: Software, Financial Services, Cryptocurrency

Discover Susquehanna, a global quantitative trading firm built on a rigorous, analytical foundation in financial markets.

## Intudo Ventures
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 4
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Marketplace

Intudo Ventures is an "Indonesia-only" venture capital firm with a concentrated portfolio approach capitalizing on the rapid growth of private consumption and the rising middle class in Indonesia.

## Vertex Ventures Southeast Asia & India
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 3
- Stages: Series A, Series B, Seed
- Focus: E-Commerce, FinTech, SaaS

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, with a primary focus on Singapore, India, Indonesia, Thailand and other emerging hubs of innovation across the region. It has a long and strong track record of investing in early-stage startups and building champions like Grab, Patsnap, 17Live, Nium, FirstCry, Licious, AsianParent, Validus, Warung Pintar, and others. 

## Alto Partners Multi-Family Office
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: FinTech, Financial Services, Software

Alto Partners is the first Multi-Family Office founded by and for Asia’s entrepreneurs.​​ Since our establishment in 2013, we have invested in dozens of Southeast Asia's leading founders. ​Many entrepreneurs we backed with our financial and strategic capital have become Asia's most celebrated success stories.​​As we achieve exitsalongside founders, we become the family office of choice for new entrepreneurial wealth, which is often re-invested into next generation start-ups. ​This entrepreneur-focused cycle of venture funding, exits and re-investment underpins the growth of our family office, which today includes the founders of Gojek, Bank Jago, Kopi Kenangan, ​Jobstreet, Northstar and others from Asia's venture ecosystem. ​​

## Prosus Ventures
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 3
- Stages: Series B, Series A, Series C
- Focus: E-Commerce, Information Technology, Software

Prosus Ventures is a venture investing arm of Prosus that invests in technology startups. They identify companies and founders with high potential and the ambition to scale globally correctly. Their goal is to help companies quickly impact the communities where they operate and provide them with tailored support that enables them to be leaders intheir chosen markets.

## SIG
- Type: VC Fund
- Location: Ichigaya, Tokyo, Japan
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Education, Mobile Apps

SIG specializes in system integration and IT infrastructure solutions. The company aims to be an IT innovator and responds to the needs of society through self-innovation and study.
It was founded in 1991 and headquartered in

## Venturra
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Financial Services, Health Care

Empowering outstanding entrepreneurs across Southeast Asia in creating the next defining technology companies.

## Triputra Group
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Supply Chain Management, Logistics, Information Technology

Founded by T.P. Rachmat in 1998, Triputra Group consists of an investment company with actively managed interests in operating companies. The Group has since expanded its expertise to a wide variety of commodities and participated in various diversified businesses, such as agribusiness, manufacturing, mining, and trading & services. To date, itcomprises of 14 subsidiary holding companies and a total of 60,000 employees - making it one of Indonesia's largest Group of companies.

## Sovereign’s Capital
- Type: VC Fund
- Location: Raleigh, North Carolina, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, FinTech, E-Commerce

We provide capital and strategic partnership to values-driven, market-leading companies with potential for outsized returns for all stakeholders. We invest in two market segments: profitable, lower middle market companies (with $10 million to $100 million in revenue, and $2.5 million to $10 million in owner earnings) and promising, early-stagetechnology companies (with $500,000 to $5 million in annual recurring revenue). We are distinct in our capacity to match values-motivated entrepreneurs with values-aligned investors, our ability to hold investments long-term, our willingness to customize solutions to owner needs, and our ability to drive value through disciplined strategic, operational, and financial partnership.We have investment team members based in Silicon Valley, CA; Atlanta, GA; Chattanooga, TN; Raleigh, NC; and Jakarta, Indonesia.

## Pavilion Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Health Care, Information Technology

Provides growth equity to market leading companies in the United States and China

## Jungle Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Software, Financial Services

Jungle Ventures is one of Southeast Asia's largest independent venture capital firms based in Singapore. We invest in early and growth-stage startups in Southeast Asia and India, focused on building category-defining businesses that stand the test of time.

## Monk’s Hill Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Financial Services, Health Care

We believe in great founders who will change millions of lives through technology.

## Vertex Ventures
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 2
- Stages: Series A, Series B, Series C
- Focus: Software, Information Technology, E-Commerce

Vertex US is an early stage VC that backs fearless founders building a smarter digital economy through B2B software.

## Endeavor Catalyst
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Series B, Series A, Series C
- Focus: E-Commerce, Software, Information Technology

Endeavor Catalyst is the rules-based, co-investment fund of Endeavor, set up to invest exclusively in Endeavor Entrepreneur-led companies and to sustain Endeavor’s long-term operations in a mission-aligned way. Launched in 2012, Endeavor Catalyst has ~$500M+ AUM across four funds and has made 260+ investments to date in 35+ different markets. TodayThe Endeavor Catalyst portfolio has 53 companies valued at $1B+. Investments include Globant (NYSE:GLOB), Rappi, and Creditas in Latin America; Yemeksepeti.com and Careem in MENA; and Bukalapak and Carro in Indonesia.

## LINE Ventures
- Type: VC Fund
- Location: Shinjuku, Yamanashi, Japan
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, E-Commerce, FinTech

LINE Ventures is a venture capital investment firm that invests in games, internet advertising, and flexible investment fields.

## Asiantrust Capital Partners
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Seed
- Focus: Apps, Finance, Fitness

Asiantrust is venture capital Indonesia focuses on financing, investment and start up funding, and also as financial management with experience in various industries for decades.

## Pegasus Tech Ventures
- Type: VC Fund
- Location: San Jose, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Artificial Intelligence, E-Commerce

Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley, offering intellectual and financial capital to exceptional emerging technology companies around the world.

## Agaeti Venture Capital
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Information Technology, Food and Beverage, Software

Agaeti Venture Capital is an early stage venture capital firm

## Argor Capital
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Mobile Apps, Food and Beverage

Go-Ventures was initially conceived as a way for investors in Gojek to get exposure to the rapidly expanding technology ecosystem in Southeast Asia. The decision was ultimately made to set up an independent, but ecosystem-linked, fund that GoTo, its investors, and other value additive groups could invest in, which could deliver attractive financialreturns.

## Gobi Partners
- Type: VC Fund
- Location: Kuala Lumpur, Kuala Lumpur, Malaysia
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Financial Services, Internet

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.Founded in 2002, Gobi has raised 15 funds to date, invested inover 350 startups and nurtured 10 unicorns. Gobi has grown to 15 locations across key markets in Bangkok, Beijing, Cairo, Guangzhou, Ho Chi Minh City, Hong Kong, Jakarta, Karachi, Kuala Lumpur, Lahore, Manila, Shanghai, Shenzhen, Singapore and Surabaya.As a Participant of the United Nations Global Compact, Gobi Partners is committed to aligning strategies and operations with universal principles on human rights, labour, environment and anti-corruption to ensure long-term value creation and sustainability across our portfolio.

## Sinar Mas Land
- Type: VC Fund
- Location: Tangerang, Jawa Barat, Indonesia
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Coworking, Communities, Construction

Sinar Mas Land is the largest and most diverse property developer in Indonesia. The company is known for its rich experience of more than 40 years in the field of property development.

## EV Growth
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Series B, Series C, Series A
- Focus: FinTech, Financial Services, Internet

EV Growth is a growth fund that specializes in providing growth capital to startups and businesses. EV Growth is a joint venture between East Ventures, SMDV, and YJ Capital that is focused on providing growth capital to startups in Indonesia and the rest of Southeast Asia with an agnostic industry focus. EV Growth has one of the largest networks ofcompanies and partners in the region and has invested in more than 16 portfolio companies since its first close in April 2018.EV Growth aims to bridge the gap in VC growth funding with the ultimate goal of creating a well-diversified portfolio of Southeast Asia early growth tech stage leaders. Leveraging Sinar Mas' deep business knowledge and combined with East Ventures' reputation as one of the leading VCs with the largest seed and Series A portfolios in the region as well as YJ Capital's long experience in the Internet industry, EV Growth has unrivaled access and insight into upcoming trends and opportunities in the industry

## Banana Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Apps, Financial Services

Banana Capital is a technology investment firm that invests globally across all sectors and from pre-seed to pre-IPO.

## Majuven
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A, Series C, Seed
- Focus: Internet, Software, Biotechnology

Majuven is an early and growth stage VC firm founded by experienced business leaders from Singapore. We are focused on disruptive and evolving trends in the high tech segments of healthcare, financial services and digital consumerism.

## Indonesia Women Empowerment Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Food and Beverage, EdTech, Social Shopping

Indonesia Women Empowerment Fund

## Velos Partners
- Type: VC Fund
- Location: Los Angeles, California, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Internet, E-Commerce, Retail

Velos Partners invests in companies at the intersection of consumer and technology, where the exponential pace of innovation is transforming traditional consumer behavior and business models.

## Mahaka Group Media
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Tourism, Ticketing, Media and Entertainment

Vision: The leading integrated media company in Indonesia. Mission: Create and deliver integrated content for the consumers.

## Astra Digital
- Type: VC Fund
- Location: Dki Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 1
- Stages: Series A, Series C
- Focus: Apps, Lifestyle, Logistics

Astra Digital is the Venture builder arm of Astra International that drives internal incubation and start-up investments effort and creates an Astra-owned ecosystem.

## Glade Brook Capital Partners
- Type: VC Fund
- Location: Greenwich, Connecticut, United States
- Relevant deals: 1
- Stages: Series D, Series C, Series E
- Focus: E-Commerce, Mobile Apps, Grocery

Glade Brook Capital Partners focuses on companies in the technology, media, telecom, and consumer sectors. Glade Brook specializes in technology growth equity, the Firms' experience investing across private and public markets, and a network of company management teams, entrepreneurs, and industry leaders foster unique deal flow. It wasfounded in 2011 by Paul Hudso.

## Golden Gate Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: FinTech, E-Commerce, Financial Services

Golden Gate Ventures is a venture capital firm investing across Southeast Asia. Since 2011, the firm has launched four funds, managed US$250M AUM, and invested in 60+ companies in over 7 countries in Asia. The firm focuses on investing in technology companies driven by the rising consumer class in Southeast Asia.

## Mitsubishi Corporation
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Corporate Round
- Focus: Software, Internet, Information Technology

Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, living essentials, and environmental business. MC's current activities are expanding far beyond its traditional trading operations asits diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

## Flourish Ventures
- Type: VC Fund
- Location: Redwood City, California, United States
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: FinTech, Financial Services, Finance

We are an early-stage global venture capital firm investing in fintech founders.

## Blibli
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 1
- Stages: Series A, Series D, Series E
- Focus: Mobile Apps, Apps, Consumer Applications

Blibli offers a variety of products via its e-commerce platform. Blibli provides a variety of needs and selected products original, fast and free shipping, provides 24-hour customer service for consumers, shopping transactions, and secure payments.

## International Finance Corporation
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 1
- Stages: Debt Financing, Series B
- Focus: Financial Services, FinTech, Finance

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

## InnoVen Capital
- Type: VC Fund
- Location: Mumbai, Maharashtra, India
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: E-Commerce, Financial Services, Internet

InnoVen Capital is Asia's leading venture lending firm with offices in Mumbai, Singapore and Beijing. Started in India in 2008, the platform was re-branded InnoVen Capital following a buyout of the business led by Temasek Holdings and UOB Group in 2015. InnoVen Capital currently has investor commitments of US$200 million.In India, InnoVenCapital is positioned as the first and largest venture debt provider to venture capital backed start-ups in India across stages of growth and sectors. The Company has a credit rating of ‘IND AA-’ for its term borrowing and ‘IND A1+’ for its commercial paper issuances.InnoVen provides debt financing to high growth and innovative tech startups, and has since supported and provided over 190 loans to more than 150 start-ups across India and Southeast Asia. The platform offers multiple debt capital solutions, including venture debt, acquisition finance, growth loans, and syndication.

## Patamar Capital
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: FinTech, Financial Services, Software

Patamar Capital is Southeast Asia's leading impact-driven venture capital firm. Founded in 2011, Patamar invests in early-stage companies building sector-defining platforms that maximize positive impact and financial returns.

## Ardent Capital
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: E-Commerce, Internet, Software

Leading Venture Capital & Builder in Southeast Asia | Experts in E-Commerce, B2B, B2C, Fulfilment Startups | Seed, Series A Funding

## Living Lab Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series B
- Focus: Software, Apps, Mobile Apps

Living Lab Ventures is an investment firm.

## TMS Entertainment
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Family, E-Commerce, Product Search

TMS Entertainment is a Japanese animation company that specializes in children's content.

## Convergence Ventures
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Financial Services, FinTech, Internet

Convergence Ventures is an early stage Indonesian VC firm focused on investing in the very best startups of Indonesia.

## Irongrey
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series B, Series A
- Focus: Energy, E-Commerce, Information Technology

Irongrey

## Indogen Capital
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Information Technology, Coworking, Supply Chain Management

Venture Capital Indonesia for sector agnostic investor in southeast asia. We are based in Jakarta with deep operating experience in Indonesia.

## Mahanusa Capital
- Type: VC Fund
- Location: Jakarta, Jakarta Raya, Indonesia
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: Information Technology, SaaS, Energy

PT Mahanusa Capital, through its subsidiaries, provides investment banking, securities brokerage, property management, and consumer financing services. The firm’s subsidiaries include Mahanusa Securities, Mahanusa Investment Management, and Magna Finance. PT Mahanusa Capital was founded in 1999 and is based in Jakarta, Indonesia.

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