# Top 50 Retail VC (Venture Capital) Funds in Indonesia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| East Ventures | 11 | Japan, Indonesia, Singapore | Seed, Series A | Software, Information Technology, E-Commerce |
| SMDV | 4 | Indonesia, Thailand, Singapore | Series A, Seed, Series B | E-Commerce, Information Technology, Financial Services |
| Triputra Group | 3 | Indonesia | Seed, Series A, Pre-Seed | Supply Chain Management, Logistics, Information Technology |
| Vertex Ventures Southeast Asia & India | 3 | India, Singapore, Indonesia | Series A, Series B, Seed | E-Commerce, FinTech, SaaS |
| AC Ventures | 3 | Indonesia, Singapore, India | Seed, Series A, Series B | Financial Services, E-Commerce, FinTech |
| Skystar Capital | 2 | Indonesia, Singapore, Vietnam | Seed, Series A, Series B | E-Commerce, Financial Services, FinTech |
| BEENEXT | 2 | India, Japan, Indonesia | Seed, Series A, Series B | Software, E-Commerce, FinTech |
| Rebel Fund | 2 | United States, India, Canada | Seed, Series A | Software, FinTech, Health Care |
| Insignia Ventures Partners | 2 | Indonesia, Singapore, Vietnam | Seed, Series A, Series B | Financial Services, FinTech, Information Technology |
| Vertex Ventures | 2 | United States, China, Israel | Series A, Series B, Series C | Software, Information Technology, E-Commerce |
| Soma Capital | 2 | United States, India, Mexico | Seed, Pre-Seed, Series A | Software, FinTech, Financial Services |
| 640 Oxford Ventures | 2 | United States, India, Indonesia | Series A, Seed, Series B | E-Commerce, Software, DIY |
| Javas Venture LLC | 2 | Indonesia, United States | Pre-Seed, Convertible Note, Seed | Information Technology, Software, Enterprise Resource Planning (ERP) |
| LINE Ventures | 2 | Japan, Indonesia, Thailand | Series A, Series B | Software, E-Commerce, FinTech |
| Saison Capital | 2 | Singapore, Indonesia, Philippines | Seed, Pre-Seed, Series A | Financial Services, FinTech, Information Technology |
| Pavilion Capital | 2 | United States, Japan, Indonesia | Series B, Series A, Series C | Biotechnology, Health Care, Information Technology |
| Prasetia Dwidharma | 2 | Indonesia, Singapore, United States | Seed, Series A, Pre-Seed | Software, Information Technology, E-Commerce |
| Nordstar | 1 | India, United Kingdom, United Arab Emirates | Seed, Series A, Series B | E-Commerce, Financial Services, FinTech |
| Tekton Ventures | 1 | United States, South Korea, United Kingdom | Seed, Series A, Series B | E-Commerce, FinTech, Financial Services |
| Pegasus Tech Ventures | 1 | United States, Indonesia, Japan | Seed, Series A | Software, Artificial Intelligence, E-Commerce |
| OSK Ventures International | 1 | Malaysia, Singapore, United States | Series A, Series B, Seed | FinTech, Financial Services, Software |
| Aavishkaar Venture Capital | 1 | India, Indonesia, United States | Series A, Series B | Financial Services, Manufacturing, Finance |
| Agaeti Venture Capital | 1 | Indonesia, Singapore | Series A, Seed | Information Technology, Food and Beverage, Software |
| Golden Gate Ventures | 1 | Singapore, Indonesia, Thailand | Seed, Series A, Series B | FinTech, E-Commerce, Financial Services |
| TNB AURA | 1 | Singapore, Indonesia, Vietnam | Series A, Seed, Convertible Note | Information Technology, Retail, E-Commerce |
| Sovereign’s Capital | 1 | United States, Indonesia, Singapore | Seed, Series A | Software, FinTech, E-Commerce |
| Beenos Partners | 1 | Japan, United States, India | Seed, Series A, Series B | E-Commerce, Internet, Mobile |
| Next Billion Ventures | 1 | Brazil, Mexico, Philippines | Seed, Series A, Pre-Seed | Financial Services, FinTech, E-Commerce |
| Ventech China | 1 | China, Japan, Austria | Series A, Series B, Seed | E-Commerce, Retail, Big Data |
| Kapan Lagi Networks | 1 | Indonesia | Series A | Retail, Fashion, Handmade |
| JAM Fund | 1 | United States, Mexico, India | Seed, Series A, Pre-Seed | E-Commerce, FinTech, Logistics |
| Blue Bird Group | 1 | Indonesia, Singapore | Seed | Retail, E-Commerce, Delivery Service |
| Global Founders Capital | 1 | United States, Germany, United Kingdom | Seed, Series A, Pre-Seed | Financial Services, Software, FinTech |
| Central Capital Ventura | 1 | Indonesia, Singapore, Australia | Series A, Seed, Series B | Financial Services, FinTech, Software |
| Vynn Capital | 1 | Malaysia, Indonesia, Singapore | Seed, Series A, Series B | Financial Services, E-Commerce, Marketplace |
| Mitsubishi Corporation | 1 | Japan, United States, United Kingdom | Series A, Corporate Round | Software, Internet, Information Technology |
| January Capital | 1 | Singapore, Indonesia, Australia | Seed, Series A, Series B | E-Commerce, FinTech, Information Technology |
| Forge Ventures | 1 | Singapore, Vietnam, Indonesia | Seed, Pre-Seed | Artificial Intelligence, Enterprise Software, Education |
| Intrinity Capital | 1 | Indonesia | Series A | Retail, Grocery, Food and Beverage |
| Irongrey | 1 | United States, Indonesia, Singapore | Seed, Series B, Series A | Energy, E-Commerce, Information Technology |
| Amand Ventures | 1 | Indonesia | Seed, Series A | Financial Services, Retail, FinTech |
| Argor Capital | 1 | Indonesia, India, Uganda | Series A, Seed, Series B | E-Commerce, Mobile Apps, Food and Beverage |
| Alfamart | 1 | Indonesia | Series A | Retail, Banking, FinTech |
| Canaan Valley Capital | 1 | Indonesia, Singapore, India | Seed, Series B, Series A | E-Commerce, Internet, SaaS |
| Kopi Kenangan | 1 | Indonesia | Pre-Seed, Seed, Series A | Grocery, E-Commerce, Consumer Goods |
| EV Growth | 1 | Indonesia, Singapore, Thailand | Series B, Series C, Series A | FinTech, Financial Services, Internet |
| Taurus Ventures | 1 | United States, India, Indonesia | Seed, Pre-Seed, Series A | Software, Information Technology, Financial Services |
| Alto Partners Multi-Family Office | 1 | Indonesia, Singapore, United States | Series A, Seed, Series B | FinTech, Financial Services, Software |
| Susquehanna International Group (SIG) | 1 | United States, China, Singapore | Series A, Series B | Software, Financial Services, Cryptocurrency |
| Gunung Sewu Group | 1 | Indonesia, New Zealand | Series A, Seed, Series B | Internet, Information Technology, E-Commerce |

# 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