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Top 5 Social Startup Investors in Indonesia in October 2023

A list of 5 angel investors and VC (Venture Capital) funds that invest in Social startups based in Indonesia. We rank investors based on the number of investments they made in Social companies from Indonesia. We update this investor list every month.

Top 5 Social Startup Investors in Indonesia in October 2023

Investor Social Indonesia investments
AC Ventures 3
Banana Capital 2
Argor Capital 2
Kopi Kenangan 1
InnoVen Capital 1

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Investor list
AC Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 13 investments in the past 12 months

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.

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Investment focus

  • Financial Services, E-Commerce, FinTech
  • Seed, Series A, Series B
  • Indonesia, Singapore, India

Portfolio highlights

  • GoodGudi — GoodGudi is a Lifestyle retail shopping destination. Our Stores sell Travel Accessories, Fashion Accessories, Home Improvement products, Toys and Cosmetics
  • Vantient — Bring your people together with engaging experiences, and collect zero-party data consentingly. Build trusted data relationships with your community.
  • Simplus — Simplus offers customers more fashionable and cost-effective small home appliances.
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Banana Capital
VC Fund · 2 investments in the past 12 months

Banana Capital is a technology investment firm that invests globally across all sectors and from pre-seed to pre-IPO.

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Investment focus

  • E-Commerce, Apps, Financial Services
  • Seed, Series A, Series B
  • United States, Canada, Vietnam

Portfolio highlights

  • Chainguard — We build products and offer services that help protect organizations from software supply chain attacks and vulnerabilities.
  • Mindset Health — Mindset Health is a digital therapeutics company that helps people manage chronic health issues like irritable bowel syndrome and anxiety with app-based hypnotherapy.
  • Arrive Recommerce — Arrive offers a premium service powering circular commerce for major brands and retailers. The technology and reverse logistics capabilities of The Arrive Platform enables brands and retailers in any industry to integrate circular commerce - including rental and resale - directly into an existing ecommerce experience. With this unique offering,Arrive makes it possible for any company to seamlessly launch a circular channel - ultimately reaching more consumers, driving more revenue, and promoting a sustainable solution. Arrive, first launched as Arrive Outdoors, is an award-winning company and has been named the 4th Most Innovative Travel Company by Fast Company in 2020 and awarded the 2019 Outdoor Retailer of the Year by the Outdoor Retailer Association.
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Argor Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in the past 12 months

Go-Ventures was initially conceived as a way for investors in Gojek to get exposure to the rapidly expanding technology ecosystem in Southeast Asia. The decision was ultimately made to set up an independent, but ecosystem-linked, fund that GoTo, its investors, and other value additive groups could invest in, which could deliver attractive financialreturns.

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Investment focus

  • E-Commerce, Mobile Apps, Food and Beverage
  • Series A, Seed, Series B
  • Indonesia, India, Uganda

Portfolio highlights

  • Paper.id — Atur tempo pembayaran bisnis serta kirim & terima pembayaran dengan kartu kredit, invoice juga langsung sah dengan e-Meterai. Coba Sekarang!
  • Fairatmos — Create your Green House Gasses sequestration project proposal, verify for credits, support projects and buy credits all in one platform.
  • PickUp Coffee — PickUp Coffee is a start-up that aims to increase the accessibility of espresso and milk-based beverages. PickUp Coffee is located in Taguig, Philippines.
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Kopi Kenangan
VC Fund · Jakarta, Jakarta Raya, Indonesia

Kopi Kenangan is one of the fastest growing grab-and-go coffee chain in Indonesia.

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Investment focus

  • Grocery, E-Commerce, Consumer Goods
  • Pre-Seed, Seed, Series A
  • Indonesia

Portfolio highlights

  • Eratani — Eratani is an Agri-tech company is to focus on building a agricultural ecosystem and seeks to provide farmers with easy access to technology to increase the productivity and welfare of the agricultural ecosystem.
  • KitaBeli — KitaBeli is a startup that sells daily essentials, fast-moving consumer goods (FMCG), and other household items.
  • KLAR Smile — KLAR Aligner merupakan solusi tepat untuk mendapatkan gigi rapi yang aman, cepat, tidak sakit, dan terjangkau tanpa mengganggu penampilanmu.
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InnoVen Capital
VC Fund · Mumbai, Maharashtra, India · 10 investments in the past 12 months

InnoVen Capital is Asia's leading venture lending firm with offices in Mumbai, Singapore and Beijing. Started in India in 2008, the platform was re-branded InnoVen Capital following a buyout of the business led by Temasek Holdings and UOB Group in 2015. InnoVen Capital currently has investor commitments of US$200 million.In India, InnoVenCapital is positioned as the first and largest venture debt provider to venture capital backed start-ups in India across stages of growth and sectors. The Company has a credit rating of ‘IND AA-’ for its term borrowing and ‘IND A1+’ for its commercial paper issuances.InnoVen provides debt financing to high growth and innovative tech startups, and has since supported and provided over 190 loans to more than 150 start-ups across India and Southeast Asia. The platform offers multiple debt capital solutions, including venture debt, acquisition finance, growth loans, and syndication.

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Investment focus

  • E-Commerce, Financial Services, Internet
  • Funding Round, Debt Financing, Series A
  • India, China, Singapore

Portfolio highlights

  • Niro — Niro is embedding personal credit products into leading consumer internet platforms. The fintech startup aims to disrupt the consumer lending ecosystem in the country by democratizing access to convenient and hassle-free embedded credit products for 624 million internet users in India.
  • Capillary Technologies — Capillary’s technology solutions help businesses get ahead of the digital evolution and stay ‘Always Consumer Ready’. The experience platform integrates Artificial Intelligence and Machine Learning to make it easy for brands to get deep understanding and insights into their consumers, engage consumers through personalized 1:1 communication,provide easy and connected cross-channel commerce experiences and build loyalty to reward and retain their best consumers.Over 300 marquee brands across 30+ countries, including Pizza Hut, VF Brands, Walmart, Al-Futtaim, KFC, Starbucks, Madura Garments, Courts and Samsung, trust Capillary to enable easy and seamless consumer experiences. With over 300 million consumers and 25,000 stores on the platform, Capillary is Asia’s leading SaaS product company. Over 700 Capillary associates across 11 global offices are continually innovating to find new ways for brands to make their consumers’ lives easier, and experiences memorable.Founded in 2008, Capillary is backed by Warburg Pincus, Sequoia Capital, Norwest Venture Partners, Qualcomm Ventures, and American Express Ventures. Explore more at https://www.capillarytech.com/
  • Ace Turtle — We help retail businesses in India, Singapore & Malaysia convert multichannel sales & marketing strategies to omnichannel on marketplaces & own websites
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