# Top 20 Medical VC (Venture Capital) Funds in Indonesia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Golden Gate Ventures | 5 | Singapore, Indonesia, Thailand | Seed, Series A, Series B | FinTech, E-Commerce, Financial Services |
| Goodwater Capital | 2 | United States, India, South Korea | Seed, Series A, Series B | FinTech, Financial Services, E-Commerce |
| January Capital | 2 | Singapore, Indonesia, Australia | Seed, Series A, Series B | E-Commerce, FinTech, Information Technology |
| Collaborative Fund | 2 | United States, United Kingdom, South Korea | Seed, Series A | Food and Beverage, Health Care, Software |
| Strong Ventures | 2 | South Korea, United States, Poland | Seed, Series A, Pre-Seed | E-Commerce, Health Care, Apps |
| Risjadson Holding & Investment | 1 | Indonesia | Seed | Medical, Health Care |
| Gojek | 1 | Indonesia, India, Uganda | Series A, Series B | Apps, E-Commerce, Transportation |
| Investopedia | 1 | Indonesia | Series A | Medical, Health Care, Mobile Apps |
| 5Digital Ventures | 1 | Indonesia | Seed | Medical, Health Care |
| Clermont Group | 1 | India, Indonesia, United Kingdom | Series A, Series B, Private Equity | Banking, Finance, Financial Services |
| Openspace | 1 | Singapore, Indonesia, Philippines | Series A, Series B, Series C | E-Commerce, Financial Services, Information Technology |
| Sovereign’s Capital | 1 | United States, Indonesia, Singapore | Seed, Series A | Software, FinTech, E-Commerce |
| Telkomsel Mitra Inovasi | 1 | Indonesia, United States | Series B, Series A, Series C | E-Commerce, SaaS, Information Technology |
| Medical Net | 1 | Japan |  | Asset Management, Impact Investing, Financial Services |
| PT Madina Mentari Utama | 1 | Indonesia | Series A | Medical, Health Care |
| Capikris Foundation | 1 | Israel, Indonesia, Singapore | Series C, Series A, Seed | Health Care, Artificial Intelligence, Biotechnology |
| Blibli | 1 | Indonesia | Series A, Series D, Series E | Mobile Apps, Apps, Consumer Applications |
| Choco Up | 1 | Hong Kong, Singapore, Malaysia | Debt Financing, Seed, Corporate Round | Supply Chain Management, Music, Software |
| Meta | 1 | United States, India, Canada | Grant, Seed, Pre-Seed | Information Technology, E-Commerce, Artificial Intelligence |
| Gaido Group | 1 | Indonesia | Seed | Medical, Health Care |

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