Top 45 Hardware VC (Venture Capital) Funds in Indonesia in October 2023

Portfolio highlights

• SoLeLands — SoLeLands provides children with future-ready skills, virtues, and applied competences and inspires children to love learning.
• Maka Motors — MAKA is dedicated to building the best electric motorcycles for Indonesian riders.
• Zenith Learning Group — Zenith Learning Group's mission is to deliver a holistic, world-class education to learners across South East Asia through technology.

Portfolio highlights

• Bloomo Investment — Bloomo Investment is a software company that specializes in the development of smart and fun investment apps.
• BroilerX — BroilerX is a poultry tech startup offering precision, sustainable, and scalable poultry technology and business to smallholder poultry farmers. By having an extensive poultry farming experience and reliable smart poultry technology, we aim to enhance poultry output and work with the poultry farmers and farming practitioners to understand thechallenges they face then tap into smart technology for solutions. We have been working with poultry farmers on a contractual basis since 2020. We provide smart tech services and technical expertise, as well as live birds and feed supplies, while the poultry farmers provide the labor, housing, and utilities to support the birds. This benefits the farmers because it protects the poultry farmer from the risk of changing market prices for poultry and feed ingredients such as corn and soybean meal, which represents most of the cost of raising poultry and helps keeping the price of nutritious poultry affordable for millions of families and the foodservice industry in Indonesia.We proudly work with thousands of independent poultry farmers every day, bringing quality protein from family farms to family tables.
• Story Protocol — Story Protocol is building open IP infrastructure to grow the creativity of the internet era.

Portfolio highlights

• FishLog — FishLog is fisheries supply chains ecosystem. Our vision is to transform fragmented fisheries supply chains into an integrated and efficient ecosystem with reliable solutions that create value along fisheries network. Our mission is to be the largest fisheries network in Indonesia. Offer complete fisheries post-harvest management services. Creatinga transparant, fair-trade and sustainable transaction along fisheries ecosystem with all stakeholders in our network.
• Gokomodo — Gokomodo is a supply Chain Platform and Services for Agribusiness and Commodities.
• Coldspace — Comprehensive end-to-end integrated cold chain solution for your business needs. Our services include on-demand cold storage, reefer trucks, fulfillment services, and contract logistics/managed cold chain services. Ensure your products' freshness and integrity throughout the supply chain with our reliable and efficient solutions

Portfolio highlights

• Praktis — PTS Supply Chain is lending brand owners a helping hand in managing day-to-day operational activity.
• SIRCLO — SIRCLO is an e-commerce enabler in Indonesia that helps businesses sell online. SIRCLO offers solutions that are divided into 2 main categories; the entrepreneur (SIRCLO Store, IbuSibuk) and enterprise solutions (SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, and Orami).Today SIRCLO has served more than 100.000 brands to grow their business online,with a team of 1.000 employees and representatives based in Bandung, Yogyakarta and Surabaya.
• SoLeLands — SoLeLands provides children with future-ready skills, virtues, and applied competences and inspires children to love learning.

Portfolio highlights

• Speedoc — Speedoc is an industry leader in the digital health space with a mission to provide accessible and affordable healthcare to patients. As a virtual clinic and hospital care provider combining physical-digital services to challenge the traditional centralized, facility-based model, Speedoc believes that this will be the solution to the agingpopulation faced by many countries in the region as the demand for medical care increases. Their services include house call doctors, nurses, medications delivery; and is complemented by telemedicine, remote diagnostics and health monitoring. With Speedoc, home medical services need not be limited to only certain groups of patients, but to everyday people who may require GP or A&E visits for themselves or their loved ones.
• Fairatmos — Create your Green House Gasses sequestration project proposal, verify for credits, support projects and buy credits all in one platform.
• Validus — Validus offers fast SME working capital loan in one day, free SME business account for growing businesses and startups, and instant corporate debit cards.

Portfolio highlights

• Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.

Portfolio highlights

• Gently — Gently is a personal care brand that emphasizes efficacy and gentle formulas with natural ingredients and free from harmful chemicals.
• Setoko — Setoko provides Online Ordering Platform for Local Businesses & Brands
• Ledgerowl — Maximize efficiency in your bookkeeping operations with automation: eliminate manual data entry, automate reconciliation, and ensure accurate financial records

Portfolio highlights

• Travelio — Temukan akomodasi yang cocok untuk liburan bersama keluarga, sahabat maupun urusan bisnis di www.travelio.com. Lebih luas, lebih nyaman dan lebih seru. Cek www.travelio.com
• EcoSpirits — The World's first low carbon, low waste spirits distribution technology. Join the revolution. End single use glass.
• Fleet Space Technologies — Fleet is an agile, next generation connectivity company. Our mission is to Connect Everything using cutting-edge communications and space technologies to maximise the resource efficiency of human civilisation and enable the next industrial revolution with our free, ubiquitous connectivity platform.

Portfolio highlights

• FoodMap — FoodMap is a startup with the goal of connecting customers with ethical farmers and food suppliers directly.
• Gushwork — Gushwork provides a platform for small and medium businesses to get on-demand access to cross-border, AI-augmented remote workforce. They are enabling a one-click process for businesses to delegate or automate their day to day mission-critical business workflows.
• StepChange — Discover StepChange, India's best platform for ESG management. Measure, analyse, report, and reduce emissions. Request a free demo to get started!

Portfolio highlights

• Baskit — baskit | Empowering wholesalers and distributors with the world's first cloud-native all-in-one app
• Runchise — Runchise is an integrated restaurant and franchise management system to increase operational efficiency and profit.
• DOOgether — DOOgether is Indonesia’s number one leading healthy lifestyle application that gives easier access and solution to your healthy lifestyle, in booking workout classes (offline and virtual) and in purchasing healthy caterings.

Portfolio highlights

• CloseFactor — CloseFactor uses machine learning to reimagine the business to business sales process, bringing the benefits of greater automation and precision targeting to sales teams.
• ElevateBio — We provide the tools, time, and environment to innovate and accelerate development of life-saving Cell and gene therapies.
• Ledge — Automate your finance operations with Ledge and gain full payments visibility, automated reconciliation, and a single source of payments truth. Say goodbye to manual work and financial data chaos. Get started in minutes, integrate with your existing payments stack, and focus on strategic tasks with confidence.

Portfolio highlights

• Mellia — Mellia is a beauty company that provides cosmetics, body care products, and supplements.
• Stacked — Watch videos with your people on Stacked.
• Sunday — Founded in Thailand in 2017, Sunday is the first full-stack InsurTech group adopting data models and technology to offer multiple insurance products and services across the entire customer journey. The company provides auto insurance, health insurance, and travel insurance.Sunday reinvents the entire insurance offering and experience to ensurethat customers' needs are met anytime, anywhere.

Portfolio highlights

• JULO — JULO provides affordable unsecured personal loan (KTA) exclusively to smartphone users.They strive to provide low cost loan product to the masses while ensuring that it's economically viable to their lender partners. This is achieved by exercising prudent underwriting assessments to ensure that approved applicants are both able and willing topay back.They also reward positive behavior by giving cashback bonus and allowing good customers to borrow a higher amount at lower interest rate at loan maturity.
• Paxel.co — Kirim Sameday Delivery antarkota dengan ongkir FLAT s/d 5 kg hingga kirim paket berat s/d 20kg pakai PaxelBig. Ada Jaminan Makanan Aman bahkan untuk Frozen Food
• MiyaHealth — MiyaHealth develops technologies to improve the healthcare experience for patients.

Portfolio highlights

• DRIVECO — DRIVECO provides charging stations for electric vehicles, production of green energy, storage, energy, management, infrastructure operation, financial aid subsidies, third-party investment offers, and financing solutions.
• Carbonwave — Seaweed provides a sustainable and regenerative platform to address CO2 sequestration, pollution and volatility from our climate emergency. Our systems-level approach means that every part of our operation - from collection to distribution - is geared at restoring vital ecosystems and supporting resilient circular economies.
• Label Emmaüs — Label Emmaüs is an online marketplace for solidarity.

Portfolio highlights

• CHOYS — CHOYS is a holistic wellness subscription platform for organizations and employees that strives to offer every employee with access to benefits and impact that are tailored to their individual requirements, with the goal of making work more humanized and meaningful. CHOYS is headquartered in Singapore, Central Region and was founded in 2022.
• Finfra — From application to decisioning to operations - FINFRA provides the necessary infrastructure and services for technology companies to embed financial services to their environment through a seamless integration.

Portfolio highlights

• Baskit — baskit | Empowering wholesalers and distributors with the world's first cloud-native all-in-one app
• D3 Labs — D3 Labs is to simplify and empower finance through seamless blockchain adoption, delivering confidence and benefits to individuals and organizations alike.
• Finfra — From application to decisioning to operations - FINFRA provides the necessary infrastructure and services for technology companies to embed financial services to their environment through a seamless integration.

Portfolio highlights

• imajin — Digital Manufacturing Ecosystem for Indonesia. Focus on B2B Manufacturing, partner of Ministry of Industry Indonesia as Manufacturing hub. Help to connect, Supplies raw material until project financing.
• Appboxo — Appboxo enables apps to be launched inside of other apps to create beautiful and lightning fast mobile experiences.
• eFishery — eFishery startup Aqua-Tech pertama di Asia, membangun ekosistem Akuakultur berkelanjutan dengan teknologi yang membantu budidaya ikan/udang.

Portfolio highlights

• ProfilePrint — ProfilePrint synthesises complex molecular data of ingredient samples into digital fingerprints, rapidly predicting its identity and quality, helping agribusinesses to buy and sell better with its patented digital food identity-as-a-service (IDaaS) technology.
• Integriculture — Integriculture makes cellular agriculture products to improve sustainability, food security, and reduce public health problems. The company offers a developed patented general-purpose large-scale cell culture system that can culture wide range of cells without external addition of expensive growth factors and provide consumers with affordable cleanmeat.Founded in 2015, Integriculture is headquartered in Tokyo, Japan.
• Sentient.io — We provide a secure AI & Data platform with ready-made AI models for easy adoption and turnkey AI solutions for Enterprises on your digitalisation journey.

Portfolio highlights

• Sherlok — Automated client retention for mortgage brokers, helping them grow their loan book by proactively keeping their existing clients happy and with them forever.
• BintanGO — Creator Marketing Platform terbaik di Indonesia, lebih dari 40.000 Kreator dan 100 Brand sudah bergabung. Buat campaignmu jadi fleksibel, terlacak dan terukur.
• Inspace XR — Inspire and engage prospective tenants, buyers, and your team with interactive virtual replicas of your assets, with 360 virtual tours, analytics & more.

Portfolio highlights

• Licify — Licify, a procurement cloud-based platform specialized in the construction industry, has redefined interactions between developers, contractors, sub-contractors and suppliers. It creates a community developing transparent and efficient realtionships allthrough the value chain. This improves the procurement and supply processes, generating savingsand increasing profitability.
• Bababos — Bababos is a platform that allows SME manufacturers to quickly access a variety of high-quality raw materials, from polymers and chemicals to steel and other metal products. This eliminates the need to handle numerous suppliers. The company's platform streamlines the buying process by digitizing administrative duties. Additionally, Bababosprovides manufacturers with flexible payment options that lessen their financial burden and enable them to concentrate on what they do best—producing high-quality products. Bababos enhances the SME producers' supply chains.
• Channel19 — Channel19 is building a platform for small truckers to aggregate freight from all of their digital broker and load board relationships in one place and find the best freight to move for their business. Truckers using Channel19 earn up to 20% more revenue and can save over $3,000 per truck per year in dispatch.

Portfolio highlights

• MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!

Portfolio highlights

• Shinta VR — SHINTA VR | The World Class Metaverse & Virtual Reality Company

Portfolio highlights

• Sway — Sway offers regenerative design solutions for plastic pollution using seaweed to create compostable replacements for single-use plastics. The company was co-founded by Julia Marsh, Matt Mayes, and Leland Maschmeyer and is headquartered in San Francisco, California, United States.
• AGRI3 Fund — AGRI3 Fund is offering credit enhancement instruments and technical assistance to support the transition to more sustainable agricultural value chains and to prevent deforestation. AGRI3 Fund provides guarantees to commercial banks and other financial organizations, as well as subordinated loans to customers.
• Blue Ocean Gear — Blue Ocean Gear designs and builds GPS tracking buoys capable of surviving the brutal operational demands of the modern fixed gear fisher. Our patented SmartBuoy product suite allows fishers, aquaculture farmers and ocean scientists to track and monitor data from their gear anytime and anywhere, enhancing operational efficiency and profitability byreducing fuel costs and lost gear while gaining previously unavailable insights into the local ocean conditions. Our 'IoT for the oceans' also directly address the environmental impacts of lost gear and entanglements.

Portfolio highlights

• FoodMap — FoodMap is a startup with the goal of connecting customers with ethical farmers and food suppliers directly.
• Peddlr — Effortlessly track and manage your business sales, expenses, and inventory with our leading POS mobile app. Use it anywhere, anytime, and even offline!
• MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!

Portfolio highlights

• Graas — Graas uses predictive AI to scale revenue and drive profitable growth for eCommerce businesses
• Asaren — The First DNA Test Service at Affordable Prices, Diversity of Reports About Lifestyle is displayed in an Easy-to-Under App. You Can Get it Only in Asa Ren
• H2O Hospitality — H2O Hospitality is a hospitality technology company that offers hotel digital management solutions and services.

Portfolio highlights

• JOKR — Grocery shopping is easier now with JOKR, your instant delivery app. Order your groceries and favorite products in our online supermarket and get them instantly at your door. Download the app now and make your first grocery order on us. Available in IOs and Android. Access www.jokr.com for more info
• Databricks — Databricks combines data warehouses & data lakes into a lakehouse architecture. Collaborate on all of your data, analytics & AI workloads using one platform.
• Harbinger — Founded by veterans of Canoo and Faraday Future, Harbinger is an automotive company that develops EV platforms optimized for medium-duty trucks and delivery vans.

Portfolio highlights

• Baskit — baskit | Empowering wholesalers and distributors with the world's first cloud-native all-in-one app
• Hybr1d — Hybr1d is an end-to-end workforce management system. Manage everything from onboarding, procurement, devices, and attendance to offboarding from a single platform.
• Mobee — Mobee is a leading digital asset exchange serving qualified individuals and businesses who are seeking for crypto adoption and digital wealth creation.

Portfolio highlights

• MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!
• Supplynote — End-to-end supply chain management tool to track inventory, orders, payments and suppliers online

Portfolio highlights

• Gozem — Gozem is a transport technology platform for Francophone West and Central Africa.
• MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!
• PriyoShop — Online shopping in Bangladesh for men, women & kids. Buy dress, gift item, beauty products, unique items, jewelry, watch, electronics at PriyoShop.com

Portfolio highlights

• Pi-xcels — Eco-friendly NFC digital receipts solution for actionable shopper data and enhanced customer journeys. No App, Just Tap. With one-tap convenience, Pi-xcels unlocks omni-channel marketing opportunities and boosts performance for retailers with our customer intelligence platform.
• Verihubs — Kembangkan infrastruktur digital perusahaan dengan sistem keamanan yang otomatis dan terintegrasi di Verihubs untuk kelancaran bisnis Anda.
• Pintek — Pintek is a financial technology company aiming to democratise access to education in Indonesia through affordable and flexible credit.

Portfolio highlights

• Shinta VR — SHINTA VR | The World Class Metaverse & Virtual Reality Company

Portfolio highlights

• Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.

Portfolio highlights

• Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.

Portfolio highlights

• Amogy — Amogy develops a novel carbon-free energy storage system using ammonia as a fuel, exhibiting unprecedented energy density
• KoBold Metals — KoBold is a mineral exploration company driving the clean energy future by accelerating the discovery of critical metals.
• Kyoto Fusioneering — Kyoto Fusioneering is a research & development, design, and manufacture of parts related to fusion reactors.

Portfolio highlights

• ProSpark — ProSpark is a flexible and user-friendly learning management system (LMS) that enables organizations to onboard, train, certify, conduct knowledge transfer, collaborate, and connect their customers and employees.
• Soul Parking — Soul Parking is a parking management service company, which has successfully developed motorcycle storage equipment as a solution for traffic and parking problems that are cluttered using 100% designs and raw materials. Soul Parking provides solutions by developing a modern, safe and comfortable vehicle parking system that takes into accountlimited land area.
• Waste4Change — Perusahaan Sosial yang menyediakan jasa pengolahan sampah terpilah secara bertanggung jawab dengan mengurangi timbunan sampah di TPA

Portfolio highlights

• Mekari — Transformasi bisnis Anda dengan software terintegrasi Mekari. Efisienkan proses bisnis & tingkatkan produktivitas karyawan Anda sekarang!
• Xendit — Xendit is a Southeast Asian fintech company that provides payment infrastructure across Indonesia and the Philippines. Xendit processes payments, runs marketplaces, disburses payroll and loans, detects fraud, and helps other businesses grow exponentially. They serve these companies by providing a suite of world-class APIs and a dashboard UI thatsimplifies processes.Xendit was founded by Moses Lo, Tessa Wijaya, Bo Chen and Juan Gonzalez.
• Fuse — Fuse is an insurance application that will allow you to do all insurance activities. One mobile application and a variety of interesting features, such as registering as a partner, comparing policies, and selecting the best policy to protect the future. Smart insurance innovation that is paperless.

Portfolio highlights

• Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.

Portfolio highlights

• Deskree — Generate a complete and scalable back-end infrastructure with tons of features via a web interface. Infinitely scalable & truly independent.
• EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups
• Series — Series provides full-stack enterprise financial services designed for institutions & enterprises.

Portfolio highlights

• FastJobs — FastJobs is a fast and simple mobile platform for both job seekers and employers to fill non-executive and part-time jobs on the go. Fill your job vacancies FAST!
• Finfra — From application to decisioning to operations - FINFRA provides the necessary infrastructure and services for technology companies to embed financial services to their environment through a seamless integration.
• Sirius — At Sirius we feel technology should be less complex and more accessible to everyone. Therefore we have developed our own middleware platform based on Gartner's Hybrid Integration Platform capability framework and following Mesh Application and Service Architecture. This enables large or fast-growing organizations to accelerate their digitalcapabilities, transformations and ecosystem development by providing cost-effective integration through our run-time platform as well as composable software solutions. There is no other platform that provides similar levels of flexibility and scalability in the same cost-effective manner.

Portfolio highlights

• FitFlo — FitFlo brings to life the connected gym experience for Operators, Trainers and Members.
• Mole — Mole is a digital business card and mobile website software. Connect with your clients, promote your business online and much more. Comes with free customised NFC business card.
• Optacloud — Fostering a global AI powered ecosystem to achieve 100% cloud efficacy-> effortlessly, economically and eco-consciously. Dev tools stack for automating the entire development lifecycle of cloud apps across- Build, Deploy & Optimize.

Portfolio highlights

• Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.

Portfolio highlights

• AMILI — Asian Microbiome Library microbiome company and a stool bank serving as a hub for gut microbiome therapy.
• TipTip — Platform pilihan para content creator untuk berinteraksi dengan fans serta menambah penghasilan. Ikuti sesi live video/kelas online dari Creator hingga topik favorit kamu, atau buat sesi kamu sendiri dan raih penghasilan tambahan! Cek www.TipTip.tv untuk info lebih lanjut.
• Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.

Portfolio highlights

• Doyobi — Free 6-Week Cohorts. Live Sessions In The Metaverse For Kids 8-12. Where Kids Learn Critical Thinking Through Constant Decision-Making
• MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!
• Origin Protocol — Origin Protocol is bringing NFTs and DeFi to the masses

Portfolio highlights

• MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!

Portfolio highlights

• iSeller — iSeller is an information technology company located in Jakarta.
• Coldspace — Comprehensive end-to-end integrated cold chain solution for your business needs. Our services include on-demand cold storage, reefer trucks, fulfillment services, and contract logistics/managed cold chain services. Ensure your products' freshness and integrity throughout the supply chain with our reliable and efficient solutions
• Slice Group — Slice is a creator management solution that helps agencies and brands manage creator relationships. Our integrated CRM platform simplifies reporting, payments, and relationships for sponsored brand content.In turn, creators will generate more income and be able to transition to full-time content creators and entrepreneurs using future Slice toolsand integrations.