# Top 50 Proptech VC (Venture Capital) Funds in Indonesia in October 2023 ## East Ventures - Type: VC Fund - Location: Tokyo, Tokyo, Japan - Relevant deals: 8 - Stages: Seed, Series A - Focus: Software, Information Technology, E-Commerce East Ventures is an early stage venture capital (VC) focused on Southeast Asia, Indonesia & Japan. Success cases include Tokopedia, Traveloka, and Mercari. ## Skystar Capital - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 7 - Stages: Seed, Series A, Series B - Focus: E-Commerce, Financial Services, FinTech We are Skystar Capital, an early-stage VC firm committed to supporting tech entrepreneurs to create a lasting and profound positive difference in Southeast Asia and Indonesia. ## Insignia Ventures Partners - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 6 - Stages: Seed, Series A, Series B - Focus: Financial Services, FinTech, Information Technology Insignia Ventures Partners is a venture capital firm that specializes in startup investment. Insignia Ventures Partners is an investment firm managed by a former Sequoia Asia partner, Yinglan Tan. ## Convergence Ventures - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 6 - Stages: Series A, Seed, Series B - Focus: Financial Services, FinTech, Internet Convergence Ventures is an early stage Indonesian VC firm focused on investing in the very best startups of Indonesia. ## Gobi Partners - Type: VC Fund - Location: Kuala Lumpur, Kuala Lumpur, Malaysia - Relevant deals: 4 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Financial Services, Internet Gobi Partners is the most interconnected Pan-Asian venture capital firm with US$1.5 billion in assets under management (AUM). Headquartered in Kuala Lumpur and Hong Kong, the firm supports entrepreneurs from the early to growth stages and focuses on emerging and underserved markets.Founded in 2002, Gobi has raised 15 funds to date, invested inover 350 startups and nurtured 10 unicorns. Gobi has grown to 15 locations across key markets in Bangkok, Beijing, Cairo, Guangzhou, Ho Chi Minh City, Hong Kong, Jakarta, Karachi, Kuala Lumpur, Lahore, Manila, Shanghai, Shenzhen, Singapore and Surabaya.As a Participant of the United Nations Global Compact, Gobi Partners is committed to aligning strategies and operations with universal principles on human rights, labour, environment and anti-corruption to ensure long-term value creation and sustainability across our portfolio. ## Spiral Ventures - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 3 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Internet, Information Technology Our former entity “IMJ Investment Partners” was established in 2012 by IMJ Corporation (“IMJ”), a major digital marketing company, as an independent venture capital subsidiary in Japan. After IMJ was acquired by Culture Convenience Club (“CCC”) in 2013, we continued our investment activities independently, and eventually relocated our office toSingapore to change our strategy and start a venture capital fund for the Southeast Asia market. In 2015, we established the Japan office and started a venture capital fund for the Japanese market.In tandem with the expansion of our business, we left the CCC Group, changed our name to “Spiral Ventures” in 2017, and made a fresh start as an independent venture capital firm.taken from https://spiral-ventures.com/en/group-info/ ## Sinar Mas Land - Type: VC Fund - Location: Tangerang, Jawa Barat, Indonesia - Relevant deals: 3 - Stages: Seed, Series A - Focus: Coworking, Communities, Construction Sinar Mas Land is the largest and most diverse property developer in Indonesia. The company is known for its rich experience of more than 40 years in the field of property development. ## AC Ventures - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 3 - Stages: Seed, Series A, Series B - Focus: Financial Services, E-Commerce, FinTech AC Ventures is an early-stage technology venture fund that focuses on investing in Indonesia’s digital disruptors. Their mission is to partner and support their entrepreneurs with more than capital, combining their operating experience, industry knowledge, and deep local network to bring value. The company was founded in 2020 and is based inJakarta, Indonesia. ## Heyokha Brothers - Type: VC Fund - Location: Hong Kong, Hong Kong Island, Hong Kong - Relevant deals: 3 - Stages: Series A, Seed - Focus: Finance, Lending, Consumer Lending Heyokha Brothers is an investment management firm. ## Quona Capital - Type: VC Fund - Location: Washington, District of Columbia, United States - Relevant deals: 3 - Stages: Series A, Series B, Seed - Focus: Financial Services, FinTech, Finance Quona Capital invests in fintech innovators that are advancing inclusion in emerging markets. Through our investments, Quona aims to deliver outstanding financial returns while making a lasting and positive impact on the world. ## Pegasus Tech Ventures - Type: VC Fund - Location: San Jose, California, United States - Relevant deals: 3 - Stages: Seed, Series A - Focus: Software, Artificial Intelligence, E-Commerce Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley, offering intellectual and financial capital to exceptional emerging technology companies around the world. ## Global Founders Capital - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 3 - Stages: Seed, Series A, Pre-Seed - Focus: Financial Services, Software, FinTech Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel. ## Alpha JWC Ventures - Type: VC Fund - Location: Jakarta Pusat, Jakarta Raya, Indonesia - Relevant deals: 3 - Stages: Seed, Series A, Series B - Focus: E-Commerce, Information Technology, Financial Services Alpha JWC Ventures is an Indonesia-focused value-adding venture capital firm with expertise in FinTech and the Consumer tech sector. Alpha JWC Ventures is an independent and institutional firm that believes in investing in a disciplined manner combined with an active portfolio management approach. The firm was founded in 2015 and is based inJakarta Pusat, Jakarta Raya, Indonesia. ## Kakao Ventures - Type: VC Fund - Location: Seongnam, Kyonggi-do, South Korea - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence We are an independent subsidiary of Kakao Corp. & the most active, startup-friendly early stage VC of Korea. (Limited Partnerships, not strategic.). ## Indogen Capital - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Information Technology, Coworking, Supply Chain Management Venture Capital Indonesia for sector agnostic investor in southeast asia. We are based in Jakarta with deep operating experience in Indonesia. ## GMO VenturePartners - Type: VC Fund - Location: Tokyo, Tokyo, Japan - Relevant deals: 2 - Stages: Seed, Series A - Focus: Financial Services, FinTech, Finance An investment that restructures the value and quality.Supplying big capital is not an essential value of our firm.We have a strong attitude to input and drive critical thinking behind a new startup.After the problem is clarified and solution become established in the world,people could not imagine the society without that solution.An investment that innovates this world.We will become a real partner to execute the strategy together.INVENTION OF THE ESSENCE ----we will keep on doing it. ## EV Growth - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 2 - Stages: Series B, Series C, Series A - Focus: FinTech, Financial Services, Internet EV Growth is a growth fund that specializes in providing growth capital to startups and businesses. EV Growth is a joint venture between East Ventures, SMDV, and YJ Capital that is focused on providing growth capital to startups in Indonesia and the rest of Southeast Asia with an agnostic industry focus. EV Growth has one of the largest networks ofcompanies and partners in the region and has invested in more than 16 portfolio companies since its first close in April 2018.EV Growth aims to bridge the gap in VC growth funding with the ultimate goal of creating a well-diversified portfolio of Southeast Asia early growth tech stage leaders. Leveraging Sinar Mas' deep business knowledge and combined with East Ventures' reputation as one of the leading VCs with the largest seed and Series A portfolios in the region as well as YJ Capital's long experience in the Internet industry, EV Growth has unrivaled access and insight into upcoming trends and opportunities in the industry ## Indies Capital Partners - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 2 - Stages: Series B, Series C, Seed - Focus: E-Commerce, Financial Services, FinTech Indies Capital Partners is an asset manager for private credit and special situations. The firm formed a strategic alliance with Värde Partners, a global alternative investment firm, to co-invest in private credit opportunities in Indonesia. It was founded in 2009 and headquartered in Singapore, Central Region. ## Jungle Ventures - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Software, Financial Services Jungle Ventures is one of Southeast Asia's largest independent venture capital firms based in Singapore. We invest in early and growth-stage startups in Southeast Asia and India, focused on building category-defining businesses that stand the test of time. ## Intudo Ventures - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: FinTech, Financial Services, Marketplace Intudo Ventures is an "Indonesia-only" venture capital firm with a concentrated portfolio approach capitalizing on the rapid growth of private consumption and the rising middle class in Indonesia. ## Provident Capital - Type: VC Fund - Location: Gurgaon, Haryana, India - Relevant deals: 2 - Stages: Series B, Series A, Series C - Focus: Apps, Video, Finance Provident Capital is a fastest growing Real Estate Consultancy Company ## KK Fund - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: E-Commerce, Marketplace, Internet KK Fund is a venture capital fund to invest in seed stage internet and mobile startups across South East Asia, Hong Kong and Taiwan. ## SMDV - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Information Technology, Financial Services SMDV sinar mas digital ventures ## Mitsubishi Corporation - Type: VC Fund - Location: Tokyo, Tokyo, Japan - Relevant deals: 1 - Stages: Series A, Corporate Round - Focus: Software, Internet, Information Technology Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, living essentials, and environmental business. MC's current activities are expanding far beyond its traditional trading operations asits diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. ## Surya Semesta Internusa - Type: VC Fund - Location: Kedoya Selatan, Jakarta Raya, Indonesia - Relevant deals: 1 - Stages: Seed, Series A - Focus: Solar, Hospitality, Marketplace PT Surya Semesta Internusa Tbk is an Indonesia-based company primarily engaged in provisioning construction services. Through its subsidiaries, it runs three business units: property development and management, construction and hospitality. The Company operates its property business through PT Suryacipta Swadaya (SCS), PT TCP Internusa (TCP) and PTSitiagung Makmur (SAM); SCS develops and manages Kota Industri Suryacipta, an industrial estate in Karawang, Indonesia; TCP develops Tanjung Mas Raya, a residential complex in Jakarta, Indonesia and manages Graha Surya Internusa, a commercial building in Kuningan, Indonesia; SAM develops Banyan Tree Ungasan Resort in Bali, Indonesia. ## POSCO Venture Capital - Type: VC Fund - Location: Pohang, Kyongsang-bukto, South Korea - Relevant deals: 1 - Stages: Series A, Series B - Focus: Software, Information Technology, Health Care POSTECH Venture Capital Corporation(POSTECH VC) was founded and financed by POSCO to participate in SME(small and medium enterprise) Revitalization Policy in 1997 for the National Economy Restoration.We seek investment opportunities in diverse markets including Information Technologies, Advanced Materials, Bio Technologies, Renewable Energy,and Life Sciences.And we are to accelerate the commercialization of the valuable technologies from POSTECH(Pohang University of Science and Technology), RIST(Research institute of Industrial Science and Technology), and other institutes in Korea. More than 200 professors in POSTECH help POSTECH VC evaluate the technologiesPOSTECH VC is comprised of a team consisted of experienced venture capitalists who has previous experiences in successful startups, consulting firms, and executive management.We are currently investing from our several funds and manage over 60 billion Won.Our recent primary investment focus is on high growth opportunities in renewable energy such as bio-diesel and photovoltaic technologies. ## Ucommune - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Seed, Series A - Focus: Real Estate, Internet, Coworking Ucommune offers co-working space solutions. It provides long-term leasing, hot desk, and corporate customization and professional solutions. Ucommune caters to small-to-medium enterprises across China, Singapore, New York City, San Francisco in California, and London in the United Kingdom. Mao Daqing founded Ucommune in 2015, with itsheadquarters in Beijing in China. ## Fortune Union Investments - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Coworking, Real Estate Fortune Union Investments ## Enlight Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Series A, Seed, Series C - Focus: Local, Travel, Tourism Enlight Ventures, one of the fastest growing VCs in the world, invests in early-stage startups with unique and sustainable business models. ## Kapan Lagi Networks - Type: VC Fund - Location: Kuningan, Jakarta Raya, Indonesia - Relevant deals: 1 - Stages: Series A - Focus: Retail, Fashion, Handmade Trusted Fact-checking News Publisher in Indonesia ## ATM Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Seed, Series C, Series A - Focus: Publishing, Advertising, Freight Service ATM Capital is an early-to-growth-stage venture fund. The company focuses on three main sectors with growth potential: logistics and e-commerce supporting infrastructure, consumption, fintech, and insurtech. They aim to invest in startups in the region and provide them with growth capital, human resources, and strategic resources. ## Susquehanna International Group (SIG) - Type: VC Fund - Location: Bala Cynwyd, Pennsylvania, United States - Relevant deals: 1 - Stages: Series A, Series B - Focus: Software, Financial Services, Cryptocurrency Discover Susquehanna, a global quantitative trading firm built on a rigorous, analytical foundation in financial markets. ## Gunung Sewu Group - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Internet, Information Technology, E-Commerce Over the years Gunung Sewu Group has thrived through visionary leadership recognizing unique growth opportunities, forecasting the evolution of new markets and consistently investing in and strengthening our core businesses. ## MDI Ventures - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 1 - Stages: Series B, Seed, Series A - Focus: Software, E-Commerce, FinTech MDI is a corporate venture capital initiative by Telkom Indonesia and is set as an independent entity with its own funding processes. MDI uniquely combines a VC model with service in providing companies with access to operational help after making a financial investment.MDI works closely with global accelerators and venture firms to bringproprietary technology from other mature markets into various businesses of Telkom Indonesia. ## STRIVE - Type: VC Fund - Location: Tokyo, Tokyo, Japan - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Internet, SaaS STRIVE focuses on investing in early-stage (Seed to Series A) internet and mobile companies. It seeks out companies in Japan, Southeast Asia, and India with top-notch management teams and strong market potential. It is not tied to strategic investments for GREE Inc. and leverages its pan-Asia expertise for guiding its portfolio in an engaged,hands-on role. ## Saison Capital - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Financial Services, FinTech, Information Technology They invest in Seed to Series A companies across South East Asia and India. Although they have a sector agnostic fund mandate, they particularly like to work with founders that are building ecosystems with the potential to distribute financial services to the unbanked. ## Ciputra Group - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 1 - Stages: Pre-Seed - Focus: Credit, Finance, Software PT Ciputra Development Tbk adalah salah satu perusahaan properti Indonesia terkemuka. Didirikan pada tahun 1981, pengembangan properti perumahan skala besar dan komersial adalah keahlian bisnis dan inti perusahaan. ## Blume Ventures - Type: VC Fund - Location: Mumbai, Maharashtra, India - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Software, E-Commerce, Financial Services Blume Ventures provides pre-series A and early stage funding to tech-focused/tech-enabled ventures. They are typically the first institutional investors in their portfolio companies and invest for about 8-10 years. They are proponents of a collaborative approach and like to co-invest with like-minded angels and seed funds. They then providefollow-on investments to their stellar portfolio companies. ## Alter Global - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: E-Commerce, Marketplace, B2B Alter Global is a venture capital firm investing in early-stage startups within emerging markets such as Southeast Asia, Latin America, the Middle East and Africa. Since 2015, we’ve partnered with more than 40 exceptional ventures across 18 countries. We believe in the theory of individual change, supporting high-character founders who are buildingnot only their companies, but their communities and countries as well. We match our founders with talent, expertise, and investments from around the world.We're on a mission to create an unprecedented global network of the world's best tech founders - #ventureboldly and join us. ## Mandiri Capital Indonesia (MCI) - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 1 - Stages: Series B, Series A, Seed - Focus: FinTech, Financial Services, B2B Mandiri Capital Indonesia (MCI) is a Corporate Venture Capital arm of Bank Mandiri, the largest integrated financial service group in Indonesia with US$70 B+ Assets, 20 M+ Retail Customers, 5 K+ outlets, and more than 7 international offices.MCI is highly strategic and agile investors predominantly within financial service industry in Indonesiaby facilitating enterprise partnerships between portfolio startup and Bank Mandiri Group network of 20+ strategic subsidiaries and business units in assist startups to be the next global players. ## Central Capital Ventura - Type: VC Fund - Location: Jakarta, Jakarta Raya, Indonesia - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Financial Services, FinTech, Software Central Capital Ventura (CCV) is the venture and innovation arm of Indonesia's largest private bank, Bank Central Asia ## Honest Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Series A - Focus: Apps, Local, FinTech Honest Ventures ## Aavishkaar Venture Capital - Type: VC Fund - Location: Mumbai, Maharashtra, India - Relevant deals: 1 - Stages: Series A, Series B - Focus: Financial Services, Manufacturing, Finance With Impact Investing at its core, Aavishkaar Capital caters venture capital requirements to scale businesses in the new markets. ## Accel - Type: VC Fund - Location: Palo Alto, California, United States - Relevant deals: 1 - Stages: Series A, Series B, Series C - Focus: Software, SaaS, E-Commerce First partner to exceptional teams everywhere ## AVentures Capital - Type: VC Fund - Location: Kyiv, Kyyiv, Ukraine - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Information Technology, Enterprise Software AVentures Capital invests at early stage and looks to team up with amazing entrepreneurs from Eastern Europe, particularly Ukraine, who build global businesses. The Fund's investment focus will be across software tech space, including cloud, storage, enterprise solutions, web, mobile, IoT and other software tech related. ## tryb Group - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: FinTech, Financial Services, Internet tryb Group invests in ASEAN fintech ## ACM Capital Partners - Type: VC Fund - Location: Miami, Florida, United States - Relevant deals: 1 Founded in Miami, ACM Capital Partners is a national turnaround and financial restructuring practice specializing in the middle market. We assist firms in transition or distress. ACM brings a seasoned team of turnaround, operational, and transactional professionals to advise companies towards the creation of value. - See more at:http://www.acmcapitalpartners.com/about-acm/#sthash.qS5nkyTt.dpuf ## Woh Hup - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 1 - Stages: Seed - Focus: Construction, Building Material Woh Hup specializes in construction and civil engineering services. ## Social Capital - Type: VC Fund - Location: Palo Alto, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Software, FinTech, SaaS At Social Capital, we make big bets on transformational ideas, technology, and people. ## B Capital Group - Type: VC Fund - Location: Manhattan Beach, California, United States - Relevant deals: 1 - Stages: Series B, Series A, Series C - Focus: Software, SaaS, Health Care B Capital provides the comprehensive platform founders need to scale fast, expand into new markets and reinvent their industries. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co