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Top 45 Hardware VC Funds & Investors in Indonesia (May 2026)

The most active venture capital funds investing in Indonesia Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Indonesia Hardware startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Insignia Ventures Partners
VC Fund
4 Indonesia, Singapore, Vietnam Seed, Series A, Series B Financial Services, FinTech, Information Technology $50k–$131M
East Ventures
VC Fund
4 Japan, Indonesia, Singapore Seed, Series A Software, Information Technology, E-Commerce $640k–$42M
Vertex Ventures Southeast Asia & India
VC Fund
3 India, Singapore, Indonesia Series A, Series B, Seed E-Commerce, FinTech, SaaS $1.5M–$45M
Triputra Group
VC Fund
3 Indonesia Seed, Series A, Pre-Seed Supply Chain Management, Logistics, Information Technology $1.6M–$28M
SMDV
VC Fund
3 Indonesia, Thailand, Singapore Series A, Seed, Series B E-Commerce, Information Technology, Financial Services $800k–$45M
BEENEXT
VC Fund
2 India, Japan, Indonesia Seed, Series A, Series B Software, E-Commerce, FinTech $500k–$51M
Prasetia Dwidharma
VC Fund
2 Indonesia, Singapore, United States Seed, Series A, Pre-Seed Software, Information Technology, E-Commerce $100k–$7.8M
Vertex Ventures
VC Fund
2 United States, China, Israel Series A, Series B, Series C Software, Information Technology, E-Commerce $2M–$100M
Central Capital Ventura
VC Fund
2 Indonesia, Singapore, Australia Series A, Seed, Series B Financial Services, FinTech, Software $3M–$12M
LINE Ventures
VC Fund
2 Japan, Indonesia, Thailand Series A, Series B Software, E-Commerce, FinTech $2.4M–$549M
Mirova
VC Fund
2 France, United States, Kenya Series A, Private Equity Energy, Renewable Energy, Agriculture $5M–$250M
Future Creative Network
VC Fund
2 Indonesia Seed Virtual Reality
Pavilion Capital
VC Fund
2 United States, Japan, Indonesia Series B, Series A, Series C Biotechnology, Health Care, Information Technology $2M–$1.1B
Init 6
VC Fund
2 Indonesia Seed, Pre-Seed Information Technology, E-Learning, SaaS
Infia Media Pratama
VC Fund
1 Indonesia Seed Virtual Reality
Mitsubishi Corporation
VC Fund
1 Japan, United States, United Kingdom Series A, Corporate Round Software, Internet, Information Technology $3M–$2.7B
MassiveMusic
VC Fund
1 Indonesia Seed Virtual Reality
Hustle Fund
VC Fund
1 United States, Singapore, Canada Seed, Pre-Seed, Series A Software, FinTech, Financial Services $77k–$40M
Cento Ventures
VC Fund
1 Singapore, Malaysia, Thailand Series A, Series B, Seed E-Commerce, Finance, Internet $580k–$21M
Antler
VC Fund
1 Singapore, United Kingdom, Australia Pre-Seed, Seed, Series A Software, Information Technology, SaaS $100k–$29M
Trinity Optima Production
VC Fund
1 Indonesia Seed Virtual Reality
Emtek Group
VC Fund
1 Indonesia, Singapore, Malaysia Series A, Series B E-Commerce, Internet, Graphic Design $3.8M–$45M
Bamboo Sea Ventures
VC Fund
1 Singapore, Indonesia, United States Seed, Pre-Seed, Corporate Round Big Data, Internet, Software
Intudo Ventures
VC Fund
1 Indonesia, Singapore, Hong Kong Seed, Series A, Series B FinTech, Financial Services, Marketplace $500k–$54M
MDI Ventures
VC Fund
1 Indonesia, Singapore, United States Series B, Seed, Series A Software, E-Commerce, FinTech $150k–$170M
BADideas.fund
VC Fund
1 Latvia, Estonia, Ukraine Seed, Pre-Seed SaaS, FinTech, Software $107k–$589k
Brightness Capital
VC Fund
1 Indonesia Seed B2B, Big Data, Logistics
Real Tech Japan
VC Fund
1 Japan, Singapore, Austria Series A, Seed Manufacturing, Biotechnology, Robotics $4.8M–$233M
Investible
VC Fund
1 Australia, United States, Singapore Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $125k–$6.1M
Khoo Investment
VC Fund
1 Indonesia Seed B2B, Big Data, Logistics
Investa Syailendra Nuswatara
VC Fund
1 Indonesia Seed Virtual Reality, Augmented Reality
Tiger Global Management
VC Fund
1 United States, India, China Series B, Series A, Series C Software, FinTech, Financial Services $5M–$298M
Agaeti Venture Capital
VC Fund
1 Indonesia, Singapore Series A, Seed Information Technology, Food and Beverage, Software $7.8M–$28M
PT Ekonomi Baru Investasi Teknologi
VC Fund
1 Indonesia Seed Virtual Reality
EV Growth
VC Fund
1 Indonesia, Singapore, Thailand Series B, Series C, Series A FinTech, Financial Services, Internet
Fintech Nation
VC Fund
1 Indonesia Seed FinTech, Embedded Systems, Information Technology
DS/X Ventures
VC Fund
1 Indonesia, Singapore Pre-Seed Information Technology, B2B, Internet
500 Southeast Asia
VC Fund
1 Singapore, Hong Kong, Malaysia Seed, Series D, Series A Artificial Intelligence, E-Commerce, Automotive $500k–$4M
Accion Venture Lab
VC Fund
1 United States, India, Brazil Seed, Series A Financial Services, FinTech, Finance $500k–$7.5M
Conservation International Ventures
VC Fund
1 United States, Indonesia, United Kingdom Seed, Pre-Seed Aquaculture, Internet of Things, AgTech $1.4M–$2.5M
Vulpes Investment Management Pte Ltd
VC Fund
1 Vietnam, Singapore, United Kingdom Seed, Series A, Convertible Note Health Care, Internet, Biotechnology $1M–$7M
Kejora Capital
VC Fund
1 Indonesia, Singapore, Malaysia Seed, Series B, Series A E-Commerce, Financial Services, Information Technology $15k–$170M
1982 Ventures
VC Fund
1 Indonesia, Singapore, Philippines Seed, Pre-Seed, Series A Financial Services, FinTech, Payments $1.5M–$4M
Astor Investment Management
VC Fund
1 India, Indonesia Seed B2B, SaaS, Big Data
BANSEA
VC Fund
1 Singapore, Indonesia, Togo Seed B2B, Artificial Intelligence, Information Technology $359k–$2.6M
Access all 8 VC funds in Indonesia Hardware startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Insignia Ventures Partners
VC Fund · Singapore, Central Region, Singapore · 4 investments in Indonesia Hardware startups, 11 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Vietnam

Investor stats

  • Total investments: 122
  • Round size: Seed $50k–$6.5M; Series A $4M–$20M; Series B $12M–$131M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2022

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.
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East Ventures
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Indonesia Hardware startups, 53 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Series A
  • Geography: Japan, Indonesia, Singapore

Investor stats

  • Total investments: 334
  • Round size: Seed $640k–$16M; Series A $2.1M–$42M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 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.
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Vertex Ventures Southeast Asia & India
VC Fund · Singapore, Central Region, Singapore · 3 investments in Indonesia Hardware startups

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.

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Investment focus

  • Industry: E-Commerce, FinTech, SaaS
  • Stage:Series A, Series B, Seed
  • Geography: India, Singapore, Indonesia

Investor stats

  • Total investments: 94
  • Round size: Seed $1.5M–$5.5M; Series A $3.3M–$14M; Series B $6.4M–$45M
  • Lead/follow: 21% lead, 79% follow

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.
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Triputra Group
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Hardware startups

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.

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Investment focus

  • Industry: Supply Chain Management, Logistics, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 14
  • Round size: Seed $1.6M–$5M; Series A $4M–$28M
  • Lead/follow: 7% lead, 93% follow

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
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SMDV
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Hardware startups, 6 in the past 12 months

SMDV sinar mas digital ventures

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Investment focus

  • Industry: E-Commerce, Information Technology, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: Indonesia, Thailand, Singapore

Investor stats

  • Total investments: 47
  • Round size: Seed $800k–$5.3M; Series A $2.6M–$28M; Series B $18M–$45M
  • Lead/follow: 23% lead, 77% follow

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.
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BEENEXT
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Hardware startups, 14 in the past 12 months

BEENEXT is a Venture Capital fund managed by serial entrepreneurs that focuses on assisting founders with its operational experience, network, trust, unique perspectives, and the capital. The team invests in early-stage tech start-ups that are focused on building the new digital platforms driven by the data network. BEENEXT aims to establish aplatform of founders, by the founders and for the founders across the globe, primarily in South East Asia, India and Japan. Since its establishment in 2015, the team has invested in over 180 companies globally.

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: India, Japan, Indonesia

Investor stats

  • Total investments: 222
  • Round size: Seed $500k–$11M; Series A $3M–$28M; Series B $4.6M–$51M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

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!
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Prasetia Dwidharma
VC Fund · Jakarta Pusat, Jakarta Raya, Indonesia · 2 investments in Indonesia Hardware startups

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

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $500k–$3.3M; Pre-Seed $100k–$1.5M; Series A $3M–$7.8M
  • Lead/follow: 16% lead, 84% follow

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.
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Vertex Ventures
VC Fund · Palo Alto, California, United States · 2 investments in Indonesia Hardware startups, 7 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 352
  • Round size: Series A $2M–$28M; Series B $4.7M–$41M; Series C $8.9M–$100M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2023

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.
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Central Capital Ventura
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Hardware startups

Central Capital Ventura (CCV) is the venture and innovation arm of Indonesia's largest private bank, Bank Central Asia

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Series A, Seed, Series B
  • Geography: Indonesia, Singapore, Australia

Investor stats

  • Total investments: 18
  • Round size: Series A $3M–$12M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

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.
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LINE Ventures
VC Fund · Shinjuku, Yamanashi, Japan · 2 investments in Indonesia Hardware startups

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

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Series A, Series B
  • Geography: Japan, Indonesia, Thailand

Investor stats

  • Total investments: 39
  • Round size: Series A $2.4M–$549M; Series B $10M–$165M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $687M in 2015

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.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Mirova
VC Fund · Paris, Ile-de-France, France · 2 investments in Indonesia Hardware startups, 7 in the past 12 months

Mirova is an asset managerment company offering investment solutions that combine financial performance with environmental and social impact.

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Investment focus

  • Industry: Energy, Renewable Energy, Agriculture
  • Stage:Series A, Private Equity
  • Geography: France, United States, Kenya

Investor stats

  • Total investments: 21
  • Round size: Series A $5M–$11M; Private Equity $103M–$250M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.7B in 2022

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.
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Future Creative Network
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Hardware startups

Empowering local creative founders to shape the creative economy and serve the next billion customers.

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Investment focus

  • Industry: Virtual Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

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.
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Pavilion Capital
VC Fund · New York, New York, United States · 2 investments in Indonesia Hardware startups, 6 in the past 12 months

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

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Investment focus

  • Industry: Biotechnology, Health Care, Information Technology
  • Stage:Series B, Series A, Series C
  • Geography: United States, Japan, Indonesia

Investor stats

  • Total investments: 70
  • Round size: Series A $2M–$275M; Series B $18M–$412M; Series C $37M–$1.1B
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2018

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.
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Init 6
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Hardware startups, 6 in the past 12 months

Init 6 is an early-stage startup fund that looks for technical founders with a passion to solve big problems. They understand their challenges and they are not afraid of helping them. The firm was founded in 2020 by co-founders Achmad Zaky and Nugroho Herucahyono (Xinuc) after leaving the company Bukalapak.

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Investment focus

  • Industry: Information Technology, E-Learning, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 17
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

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
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Infia Media Pratama
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

Infia Media Pratama is an advertising and marketing company located in Jakarta.

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Investment focus

  • Industry: Virtual Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

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.
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Mitsubishi Corporation
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Indonesia Hardware startups, 9 in the past 12 months

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.

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Investment focus

  • Industry: Software, Internet, Information Technology
  • Stage:Series A, Corporate Round
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 78
  • Round size: Series A $5.2M–$549M; Corporate Round $3M–$2.7B
  • Lead/follow: 35% lead, 65% follow

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.
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MassiveMusic
VC Fund · New York, New York, United States · 1 investments in Indonesia Hardware startups

MassiveMusic is an international creative music agency offering sonic branding, music composition and music production for advertising, with offices in Amsterdam, London, Berlin, Warsaw, New York, Los Angeles, Tokyo, Singapore and Sydney.

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Investment focus

  • Industry: Virtual Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

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.
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Hustle Fund
VC Fund · San Carlos, California, United States · 1 investments in Indonesia Hardware startups, 35 in the past 12 months

Hustle Fund is a seed fund that seeks to invest in early-stage startups operating in software, business to business, fintech, and digital health sectors.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 205
  • Round size: Seed $958k–$5.4M; Pre-Seed $77k–$1.5M; Series A $2.1M–$40M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

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.
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Cento Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

Cento Ventures is a venture capital firm specialised in under-invested emerging digital markets, primarily Malaysia, Thailand, Indonesia, the Philippines and Vietnam. Since 2011, we have been backing digital companies that blend local insights with proven digital business models. We support entrepreneurs in their ambition to build companies thatare regional leaders in Southeast Asia.Cento is a Series A investor, committing on average US$1M initially, and up to US$4M over the lifetime of each investment.

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Investment focus

  • Industry: E-Commerce, Finance, Internet
  • Stage:Series A, Series B, Seed
  • Geography: Singapore, Malaysia, Thailand

Investor stats

  • Total investments: 26
  • Round size: Seed $580k–$1.5M; Series A $1M–$4M; Series B $4M–$21M
  • Lead/follow: 42% lead, 58% follow

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.
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Antler
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups, 118 in the past 12 months

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, United Kingdom, Australia

Investor stats

  • Total investments: 363
  • Round size: Seed $510k–$7.5M; Pre-Seed $100k–$1M; Series A $600k–$29M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

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.
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Trinity Optima Production
VC Fund · Melawai, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

Trinity Optima Production is a record label and artist management company.

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Investment focus

  • Industry: Virtual Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

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.
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Emtek Group
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

Founded in 1983 as PT Elang Mahkota Teknologi (the Emtek Group), a company providing personal computer services, the Emtek Group has evolved into a modern, integrated group of companies with three main business divisions: Media, Telecommunications and IT Solutions, and Connectivity.The Media Division consists of two free-to-air (FTA)television channels. SCTV is one of Indonesia’s leading nationwide free-to-air channels with audiences in excess of 160 million viewers in more than 240 cities across the country. The Jakarta-based O Channel provides free-to-air lifestyle and entertainment programming for the capital.The Solutions Division provides a range of infrastructure and information, communication and technology solutions for the telecommunication, banking and retail payment industries, including service solutions for integrated VSAT, smart card infrastructure and the retail distribution of telecommunications services.

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Investment focus

  • Industry: E-Commerce, Internet, Graphic Design
  • Stage:Series A, Series B
  • Geography: Indonesia, Singapore, Malaysia

Investor stats

  • Total investments: 27
  • Round size: Series A $3.8M–$45M
  • Lead/follow: 33% lead, 67% follow

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.
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Bamboo Sea Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

Bamboo Sea Ventures is the venture arm of a Singapore-headquartered consulting and corporate services firm with a mission to support tech startups in South East Asia.

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Investment focus

  • Industry: Big Data, Internet, Software
  • Stage:Seed, Pre-Seed, Corporate Round
  • Geography: Singapore, Indonesia, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

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
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Intudo Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups, 6 in the past 12 months

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.

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Investment focus

  • Industry: FinTech, Financial Services, Marketplace
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Hong Kong

Investor stats

  • Total investments: 41
  • Round size: Seed $500k–$3.7M; Series A $3.3M–$20M; Series B $6.5M–$54M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2021

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.
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MDI Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

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.

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Series B, Seed, Series A
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 90
  • Round size: Seed $150k–$6M; Series A $3M–$35M; Series B $3M–$170M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • AgriAku — AgriAku is a technology-based local agribusiness company that enables traders & farm shop owners to get saprotan(agriculture production facilities) at affordable prices through it's apps - Agroaku Mitra app, and Agroaku Hub app. AgriAku offers full-stack agriculture services for small and medium-sized businesses and farmers. AgriAku offerscomplete agricultural equipment such as seeds, fertilizers, agrochemicals to agro equipment.
  • 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.
  • Legit Group — Legit Group is a multi-brand cloud kitchen conceptor and operator. By better understanding customer perception and implementation of technology, we aim to maximise utilisation of kitchen resources, control food costs through better predictive modelling of customer demands in order to boost food deliveries more scientifically.
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BADideas.fund
VC Fund · 1 investments in Indonesia Hardware startups

We are comfortable being the first money in the round. Here is how we help founders, what we look for when investing and how to apply:

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Investment focus

  • Industry: SaaS, FinTech, Software
  • Stage:Seed, Pre-Seed
  • Geography: Latvia, Estonia, Ukraine

Investor stats

  • Total investments: 7
  • Round size: Pre-Seed $107k–$589k
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • 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.
  • Fuelfinance — We do your spreadsheets, graphs, and automations. You get P&L, CF, Financial Projections , Plan/Fact , Unit Economics, and finally, peace of mind. All in familiar to you Google Spreadsheets. Forget about months of integrations and insane setup costs. Starting from $999/month.
  • Value.Space — Space based risk assessments & monitoring
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Brightness Capital
VC Fund · 1 investments in Indonesia Hardware startups

Brightness Capital is an investment firm.

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Investment focus

  • Industry: B2B, Big Data, Logistics
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!
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Real Tech Japan
VC Fund · Sumida, Tokyo, Japan · 1 investments in Indonesia Hardware startups

Real Tech Japan is a venture capital firm that seeks to invest in innovative R&D technology companies. Realtech Fund is a joint venture between the Ministry of Economy, Trade, and Industry and NEDO (New Energy and Industrial Technology Development Organization). The firm was founded in 2014 and based in Tokyo, Japan.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Robotics
  • Stage:Series A, Seed
  • Geography: Japan, Singapore, Austria

Investor stats

  • Total investments: 76
  • Round size: Seed $4.8M–$41M; Series A $6M–$233M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

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.
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Investible
VC Fund · Sydney, New South Wales, Australia · 1 investments in Indonesia Hardware startups, 20 in the past 12 months

Investible is an early-stage venture capital firm backing the visionaries advancing humanity through technology in Australia, New Zealand, Southeast Asia and globally.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Australia, United States, Singapore

Investor stats

  • Total investments: 110
  • Round size: Seed $125k–$2.1M; Pre-Seed $642k–$1M; Series A $1M–$6.1M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2023

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.
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Khoo Investment
VC Fund · 1 investments in Indonesia Hardware startups

Khoo Investment is an investment firm.

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Investment focus

  • Industry: B2B, Big Data, Logistics
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!
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Investa Syailendra Nuswatara
VC Fund · 1 investments in Indonesia Hardware startups

Investa Syailendra Nuswatara is an investment firm.

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Investment focus

  • Industry: Virtual Reality, Augmented Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Shinta VR — SHINTA VR | The World Class Metaverse & Virtual Reality Company
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Tiger Global Management
VC Fund · New York, New York, United States · 1 investments in Indonesia Hardware startups, 45 in the past 12 months

Tiger Global Management is an investment firm that deploys capital globally.Tiger Global seeks to earn superior risk-adjusted returns for its investors over the long term. The firm’s fundamentally oriented investments focus primarily on the global Internet, technology, telecom, media consumer, and industrial sectors. The private equity strategyhas a ten-year investment horizon and targets growth-oriented private companies. The public equity efforts emphasize deep due diligence on individual companies and long-term secular themes.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, China

Investor stats

  • Total investments: 767
  • Round size: Series A $5M–$35M; Series B $15M–$100M; Series C $20M–$298M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $13B in 2022

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.
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Agaeti Venture Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

Agaeti Venture Capital is an early stage venture capital firm

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Investment focus

  • Industry: Information Technology, Food and Beverage, Software
  • Stage:Series A, Seed
  • Geography: Indonesia, Singapore

Investor stats

  • Total investments: 10
  • Round size: Series A $7.8M–$28M
  • Lead/follow: 10% lead, 90% follow

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
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PT Ekonomi Baru Investasi Teknologi
VC Fund · 1 investments in Indonesia Hardware startups

PT Ekonomi Baru Investasi Teknologi is operates under the bola united.

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Investment focus

  • Industry: Virtual Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

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.
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EV Growth
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

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

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Investment focus

  • Industry: FinTech, Financial Services, Internet
  • Stage:Series B, Series C, Series A
  • Geography: Indonesia, Singapore, Thailand

Investor stats

  • Total investments: 34
  • Lead/follow: no public data

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.
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Fintech Nation
VC Fund · 1 investments in Indonesia Hardware startups

The fintech journey of Singapore has been a story of relentless pursuit of excellence to build a global financial service hub with limited means and lots of aspirations. The slogan “Dream big. Start small. Move fast” brought together regulators, startups, investors, corporates and everyone else to achieve a common goal.In 2020, the fintechcommunity in Singapore came together to create a not for profit grassroots movement called, Fintech Nation , to bring the journey of Singapore to the world and enable the ecosystem to build for the future.

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Investment focus

  • Industry: FinTech, Embedded Systems, Information Technology
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

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.
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DS/X Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

DS/X Ventures is an investment firm that uses data, expertise, and a huge array to find and aid startups who want to go global. Founded in 2022 and is based in Singapore.

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Investment focus

  • Industry: Information Technology, B2B, Internet
  • Stage:Pre-Seed
  • Geography: Indonesia, Singapore

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

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.
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500 Southeast Asia
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

Started in 2010 with its flagship early-stage startup accelerator, 500 Global is the most active global venture capital firm known for its various funds and founder programs across the globe. The firm has grown to a family of over 23 funds and has invested in over 2400 companies internationally.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, Automotive
  • Stage:Seed, Series D, Series A
  • Geography: Singapore, Hong Kong, Malaysia

Investor stats

  • Total investments: 21
  • Round size: Seed $500k–$4M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — fund raised in 2021

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.
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Accion Venture Lab
VC Fund · Washington, District of Columbia, United States · 1 investments in Indonesia Hardware startups, 9 in the past 12 months

Accion Venture Lab is an investment initiative that provides startups with seed capital and support.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A
  • Geography: United States, India, Brazil

Investor stats

  • Total investments: 104
  • Round size: Seed $500k–$6.4M; Series A $2.5M–$7.5M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

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.
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Conservation International Ventures
VC Fund · Arlington, Virginia, United States · 1 investments in Indonesia Hardware startups

CI Ventures is an investment fund that provides loans to small- and medium-sized enterprises that operate in the forests, oceans and grasslands where Conservation International works.

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Investment focus

  • Industry: Aquaculture, Internet of Things, AgTech
  • Stage:Seed, Pre-Seed
  • Geography: United States, Indonesia, United Kingdom

Investor stats

  • Total investments: 6
  • Round size: Seed $1.4M–$2.5M
  • Lead/follow: 17% lead, 83% follow

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.
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Vulpes Investment Management Pte Ltd
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

At Vulpes, we think differently. We create long-term sustainable capital appreciation by welcoming co-investment and aligning incentives. We choose to be patient and invest in ways that are profitable, yet with benefits that are not solely financial.

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Investment focus

  • Industry: Health Care, Internet, Biotechnology
  • Stage:Seed, Series A, Convertible Note
  • Geography: Vietnam, Singapore, United Kingdom

Investor stats

  • Total investments: 22
  • Round size: Seed $1M–$3M; Series A $5M–$7M
  • Lead/follow: 36% lead, 64% follow

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!
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Kejora Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

We are the catalyst for Asia’s brightest founders to build successful, high-growth leading companies across the region. Founded in 2014, Kejora is the leading venture capital firm that operates in the largest tech ecosystem in Southeast Asia. Since operating, Kejora has invested in over 35 startups in Asia and created more than 91,000 jobsglobally. We are continuously focused on investing, building, and growing highly scalable businesses.

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Investment focus

  • Industry: E-Commerce, Financial Services, Information Technology
  • Stage:Seed, Series B, Series A
  • Geography: Indonesia, Singapore, Malaysia

Investor stats

  • Total investments: 27
  • Round size: Seed $15k–$5M; Series A $40M–$50M; Series B $30M–$170M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2020

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.
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1982 Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups, 6 in the past 12 months

Early stage venture capital investor focused on fintech in Southeast Asia

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Indonesia, Singapore, Philippines

Investor stats

  • Total investments: 43
  • Round size: Seed $1.5M–$4M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2021

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.
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Astor Investment Management
VC Fund · Chicago, Illinois, United States · 1 investments in Indonesia Hardware startups

Learn about the Astor philosophy and why we've built it on the belief on diligent analysis that can provide value for financial market allocations.

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Investment focus

  • Industry: B2B, SaaS, Big Data
  • Stage:Seed
  • Geography: India, Indonesia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

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
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BANSEA
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

BANSEA was establised in 2001 by a group of Singapore-based angel investors. BANSEA has network connections to angel groups in China, India, Malaysia and Thailand, as well as close links to groups in Europe and the US. Our members have investment experience spanning multiple sectors and a track record in building successful companies.BANSEAorganises 10 to 12 events in a year for our members to meet and listen to short pitches by start-ups shortlisted by our Screening Committe. Members may or may not invest as a group. While there could be collaboration on due dilligence, members exercise autonomy in making investment decsions. Start-ups that have successfully raised seed capital through our members also benefit from their value-added mentoring. Members benefit from an informed and collaborative approach to angel investing.

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Investment focus

  • Industry: B2B, Artificial Intelligence, Information Technology
  • Stage:Seed
  • Geography: Singapore, Indonesia, Togo

Investor stats

  • Total investments: 8
  • Round size: Seed $359k–$2.6M
  • Lead/follow: 13% lead, 87% follow

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
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Hardware VC funding in Indonesia at a glance

Stats across 6 deals from 8 investors.

8
investors
in Indonesia Hardware startups
6
deals
in Indonesia Hardware startups
$6M
median round
in Indonesia Hardware startups
50%
lead investors
lead at least one round
33%
Series A
most common funding stage

Access all 8 VC funds in Indonesia Hardware startups.

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