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Top 50 Climate Startup Investors in Indonesia (September 2026)

The most active venture capital funds and angel investors investing in Indonesia Climate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Indonesia Climate startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
East Ventures
VC Fund
8 Japan, Indonesia, Singapore Seed, Series A Software, Information Technology, Internet $263k–$30M
GK-Plug and Play Indonesia
VC Fund
6 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Software, Financial Services, Artificial Intelligence $50k–$12M
Alpha JWC Ventures
VC Fund
6 Indonesia, Singapore, Vietnam Seed, Series A, Series B Information Technology, E-Commerce, FinTech $640k–$153M
Spiral Ventures
VC Fund
5 Japan, Indonesia, India Seed, Series A, Series B E-Commerce, Information Technology, Internet $500k–$15M
UMG IdeaLab
VC Fund
5 Indonesia, Myanmar Seed, Venture - Series Unknown Information Technology, Artificial Intelligence, Software
Bali Investment Club
VC Fund
5 Indonesia Seed, Angel, Pre-Seed Recycling, Waste Management, Environmental Engineering $1.3M–$1.3M
New Energy Nexus
VC Fund
4 Indonesia, United States, China Seed, Grant, Venture - Series Unknown Energy, Battery, Renewable Energy $100k–$150k
Init 6
VC Fund
4 Indonesia, Singapore, Pakistan Seed, Pre-Seed, Series A Financial Services, Information Technology, FinTech $1M–$18M
Alto Partners Multi-Family Office
VC Fund
4 Indonesia, Singapore, India Seed, Series A, Series B FinTech, Financial Services, SaaS $1.1M–$50M
Antler
VC Fund
4 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Gan Kapital
VC Fund
4 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Financial Services, FinTech, Software $50k–$20M
Schneider Electric
VC Fund
3 United States, France, Australia Series A, Series C, Seed Software, Energy, Internet of Things $1.4M–$1.4B
SOSV
VC Fund
3 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
MDI Ventures
VC Fund
3 Indonesia, Singapore, United States Seed, Series B, Series A Software, E-Commerce, Information Technology $600k–$66M
Ondine Capital
VC Fund
3 China, Indonesia, Singapore Seed, Series A, Series B Automotive, E-Commerce, Logistics $303k–$175M
Living Lab Ventures
VC Fund
3 Indonesia, Australia, Japan Seed, Venture - Series Unknown, Series A Real Estate, Rental, Software $400k–$250M
Openspace Capital
VC Fund
3 Singapore, Indonesia, Philippines Series A, Series B, Seed E-Commerce, Financial Services, Software $1.7M–$55M
Skystar Capital
VC Fund
3 Indonesia, Singapore, Vietnam Seed, Series A, Series B E-Commerce, Financial Services, FinTech $850k–$60M
AC Ventures
VC Fund
3 Indonesia, Singapore, India Seed, Series A, Series B Financial Services, Information Technology, E-Commerce $1M–$87M
Altara Ventures
VC Fund
2 Indonesia, Singapore, Philippines Series A, Series B, Series C FinTech, Information Technology, Banking $3.9M–$70M
Wavemaker Impact
VC Fund
2 Singapore, Indonesia, India Pre-Seed, Seed, Series A Agriculture, AgTech, Energy $500k–$14M
Saratoga Investment Corp.
VC Fund
2 United States, Indonesia Debt Financing, Venture - Series Unknown Commercial, Financial Services, Dental
Rebel Fund
VC Fund
2 United States, India, Canada Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $500k–$20M
Roman Smolevskiy
Angel
2 United States, Singapore, Canada Seed, Angel, Pre-Seed Real Estate, Software, Artificial Intelligence $500k–$7.5M
Intudo Ventures
VC Fund
2 Indonesia, Singapore, Hong Kong Seed, Series A, Series B FinTech, Financial Services, Marketplace $500k–$66M
Rumah Group
VC Fund
2 Indonesia, Singapore Seed, Venture - Series Unknown Fashion, CleanTech, GreenTech $1.2M–$2.5M
Kejora-SBI Orbit
VC Fund
2 Indonesia, Singapore Seed, Series A E-Commerce, Information Technology, SaaS $500k–$8.2M
BRI Ventures
VC Fund
2 Indonesia, Singapore, Taiwan Seed, Series A, Series B Financial Services, FinTech, B2B $2M–$100M
Kencana Company Group
VC Fund
2 Indonesia Series A, Pre-Seed Software, Industrial, Manufacturing
Ecoxyztem
VC Fund
2 Indonesia Pre-Seed, Series A CleanTech, AgTech, Retail
PT Saratoga Investama Sedaya
VC Fund
2 Indonesia, Hong Kong, Singapore Venture - Series Unknown, Series B, Series A Financial Services, Finance, Logistics $7M–$60M
BEENEXT
VC Fund
2 India, Japan, Indonesia Seed, Series A, Series B Software, E-Commerce, FinTech $456k–$50M
Agaeti Venture Capital
VC Fund
2 Indonesia, Singapore, Bangladesh Seed, Series A, Series B Peer to Peer, Transportation, Financial Services $1.2M–$28M
Achmad Zaky Foundation
VC Fund
2 Indonesia, Spain Pre-Seed, Venture - Series Unknown, Seed E-Learning, Health Care, Apps
GCAL Limited
VC Fund
2 Indonesia Pre-Seed GreenTech, Waste Management, Information Technology $73k–$221k
Genesia Ventures
VC Fund
2 Japan, Vietnam, Indonesia Seed, Series A, Venture - Series Unknown Information Technology, Software, Artificial Intelligence $404k–$11M
Ango Ventures
VC Fund
2 Indonesia, United States Venture - Series Unknown, Seed Food and Beverage, E-Commerce, Health Care $1M–$3.5M
Aavishkaar Venture Capital
VC Fund
1 India, Indonesia, Sri Lanka Series B, Series A Financial Services, Manufacturing, Finance $2M–$29M
AgFunder
VC Fund
1 United States, United Kingdom, India Seed, Series A, Pre-Seed Agriculture, AgTech, Biotechnology $100k–$40M
Jungle Ventures
VC Fund
1 India, Singapore, Indonesia Series A, Seed, Series B E-Commerce, Software, Financial Services $604k–$45M
Acorn Pacific Ventures
VC Fund
1 United States, China, France Seed, Series A, Series B Software, Artificial Intelligence, Analytics
SMDV
VC Fund
1 Indonesia, Thailand, Singapore Series A, Seed, Series B E-Commerce, Information Technology, Software
DeClout Ventures
VC Fund
1 Indonesia, Singapore Seed, Series A E-Commerce, Industrial, Marketplace
Mitsui & Co
VC Fund
1 United States, Japan, India Series B, Corporate Round Software, Health Care, Biotechnology
Orbit Startups
VC Fund
1 India, Singapore, Pakistan Seed, Pre-Seed, Convertible Note E-Commerce, Information Technology, Software
Ruvento
VC Fund
1 United States, Singapore, Indonesia Seed, Pre-Seed, Angel Software, Hardware, Information Technology
Patamar Capital
VC Fund
1 Vietnam, Indonesia, Singapore Series A, Seed, Series B FinTech, Financial Services, E-Commerce
Qiming Venture Partners
VC Fund
1 China, United States, Hong Kong Series B, Series A, Series C Health Care, Biotechnology, Medical
Metaventura
VC Fund
1 Indonesia Pre-Seed Health Care, Manufacturing, Pharmaceutical
K3 Ventures
VC Fund
1 Singapore, United States, Indonesia Series A, Seed Financial Services, FinTech, Software
Access all 214 investors in Indonesia Climate startups.

Access 48,091 investors

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

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Investor list

East Ventures
VC Fund · Tokyo, Tokyo, Japan · 8 investments in Indonesia Climate startups

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, Internet
  • Stage:Seed, Series A
  • Geography: Japan, Indonesia, Singapore

Investor stats

  • Total investments: 661
  • Round size: Seed $263k–$6.2M; Series A $1.9M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $150M in 2022

Portfolio highlights

  • Hyper8 — Hyper8 has been expanding Mespo through profits earned by operating social events.
  • Sisuta — Sisuta is a purpose-driven organization committed to addressing fundamental social issues by seamlessly integrating human insight with advanced technology, creating innovative solutions that empower individuals, strengthen communities, and unlock the full potential of both people and digital tools to drive sustainable social impact.
  • BASE — BASE provides web-based services that develop and build e-commerce platforms. The company provides its services across Japan, such as net shop creation, development of shopping applications, development of online payment, and other services.
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GK-Plug and Play Indonesia
VC Fund · Setiabudi, Jakarta Raya, Indonesia · 6 investments in Indonesia Climate startups

GK-Plug and Play Indonesia is an innovation platform that connects startups and corporations. Its goal is to create an ecosystem of change-makers, where all parties involved which include corporations, startups, investors, government entities, regulators, and universities are able to thrive and grow.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $50k–$5M; Series A $4.5M–$12M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Biorce — Meet the world's first AI clinical trials assistant! We bring innovative technologies to revolutionize healthcare and drug development faster & more efficiently
  • JOBO Interim — JOBO Interim is a staffing agency that recruits employees and provides employment through digital access.
  • Tensor Energy — Creating the operating system of our zero-carbon, distributed energy future
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Alpha JWC Ventures
VC Fund · Jakarta Pusat, Jakarta Raya, Indonesia · 6 investments in Indonesia Climate startups

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.

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Investment focus

  • Industry: Information Technology, E-Commerce, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Vietnam

Investor stats

  • Total investments: 139
  • Round size: Seed $640k–$8M; Series A $5.3M–$40M; Series B $15M–$153M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $433M in 2021

Portfolio highlights

  • Bumame — Bumame menghadirkan layanan kesehatan terpadu, medical check up, vaksinasi, konsultasi dokter, dan informasi kesehatan.
  • Hangry — Hangry is a multi-brand restaurant company focusing on serving great foods through food delivery channels. We own several food brands ranging from fried-chicken to coffee. We focus in designing foods that are very tasty, consistent, and affordable to the mass market. All our recipes have gone through tons of testing to make sure each bite is reallydelicious.
  • HistoSonics — HistoSonics provides the Edison Platform, which uses advanced imaging and proprietary sensing technology to deliver non-invasive, personalized treatments with precision and control, and uses the science of histotripsy and focused sound energy to generate pressures to liquify and completely destroy targeted tissues at sub-cellular levels.
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Spiral Ventures
VC Fund · Singapore, Central Region, Singapore · 5 investments in Indonesia Climate startups

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/

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Investment focus

  • Industry: E-Commerce, Information Technology, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Japan, Indonesia, India

Investor stats

  • Total investments: 106
  • Round size: Seed $500k–$4M; Series A $1.4M–$9.3M; Series B $2M–$15M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $64M in 2018

Portfolio highlights

  • Bumame — Bumame menghadirkan layanan kesehatan terpadu, medical check up, vaksinasi, konsultasi dokter, dan informasi kesehatan.
  • TWO — TWO is a health and wellness company that offers innovative lifestyle solutions 2foods, a line of healthy and delicious food products.
  • SPUN — The most reliable online visa platform in Indonesia with 24/7 dedicated assistance and money-back guarantee.
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UMG IdeaLab
VC Fund · Karet Teng Sien, Jakarta Raya, Indonesia · 5 investments in Indonesia Climate startups

Their mission is to find collaboration with external ventures to achieve mutually beneficial condition from both parties. Led by one of the biggest corporate moguls in Myanmar, UMG Myanmar, we’re confident to guide the finest generation of entrepreneurs to build their vision in this digital era. Their main focus is to invest and guide technologyenabled start-ups that has exponential growth potential and meaningful social impact in this technology driven era.

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, Software
  • Stage:Seed, Venture - Series Unknown
  • Geography: Indonesia, Myanmar

Investor stats

  • Total investments: 36
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Matador Lectro — Supplier baterai LifePo4 Custom berkualitas di Indonesia dan sistem manajemen energi baterai yang dapat membantu motor listrik Anda
  • Touch Me Beauty — Touch Me Beauty is a beauty-tech company that offers skin analyzer mobile application and helps in skin care and beauty
  • Sandhiguna Widya Proteksi — Building cryptographic services to mitigate information breach risks for organizations
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Bali Investment Club
VC Fund · Bali, Jawa Barat, Indonesia · 5 investments in Indonesia Climate startups

Bali Investment Club is an investment firm based in Indonesia.

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Investment focus

  • Industry: Recycling, Waste Management, Environmental Engineering
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 10
  • Round size: Seed $1.3M–$1.3M
  • Lead/follow: 70% lead, 30% follow

Portfolio highlights

  • BukaPO — BukaPO is a food and beverage company that provides pulses, rice bowls, and various other snack food services.
  • Remind — Ethical Circular Material, Comprehensive e-waste recycling and trading solutions for a sustainable future. Be the changemakers with us!
  • Dash Electric — Democratizes access to driver as a fleet solutions. Provides a crucial delivery infrastructure for business by leveraging the power of EV.
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New Energy Nexus
VC Fund · Oakland, California, United States · 4 investments in Indonesia Climate startups

New Energy Nexus is an international non-profit that supports clean energy entrepreneurs with funds, accelerators, and networks.

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Investment focus

  • Industry: Energy, Battery, Renewable Energy
  • Stage:Seed, Grant, Venture - Series Unknown
  • Geography: Indonesia, United States, China

Investor stats

  • Total investments: 11
  • Round size: Grant $100k–$150k
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Swap — Swap is city-based infrastructure of battery swapping stations for e-motorcycle riders. No more cords, no more hassle, battery is being swapped with a fully-charged battery within 9 seconds.
  • Ningbo Shanshan — Ningbo Shanshan engaged in the research and development, manufacture and distribution of lithium battery materials.
  • Synergy — Synergy designs, finances, and implements energy-saving solutions, transforming wasted energy into profit.
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Init 6
VC Fund · Jakarta, Jakarta Raya, Indonesia · 4 investments in Indonesia Climate startups

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: Financial Services, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Indonesia, Singapore, Pakistan

Investor stats

  • Total investments: 35
  • Round size: Seed $1M–$18M; Pre-Seed $1.1M–$2.3M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Monit — Monit menggabungkan manajemen kas, pembayaran bisnis, kontrol pengeluaran, dan kartu kredit korporat dalam satu pengalaman terintegrasi
  • Torch — Torch provides solutions to various worries and difficulties that people usually encounter when traveling with travels gears.
  • One% Nutrition — One% Nutrition is a food and beverage brand focused on health and wellness.
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Alto Partners Multi-Family Office
VC Fund · Singapore, Central Region, Singapore · 4 investments in Indonesia Climate startups

Alto Partners is the first Multi-Family Office founded by and for Asia’s entrepreneurs.​​ Since our establishment in 2013, we have invested in dozens of Southeast Asia's leading founders. ​Many entrepreneurs we backed with our financial and strategic capital have become Asia's most celebrated success stories.​​As we achieve exitsalongside founders, we become the family office of choice for new entrepreneurial wealth, which is often re-invested into next generation start-ups. ​This entrepreneur-focused cycle of venture funding, exits and re-investment underpins the growth of our family office, which today includes the founders of Gojek, Bank Jago, Kopi Kenangan, ​Jobstreet, Northstar and others from Asia's venture ecosystem. ​​

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Investment focus

  • Industry: FinTech, Financial Services, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, India

Investor stats

  • Total investments: 85
  • Round size: Seed $1.1M–$7.7M; Series A $1.9M–$35M; Series B $10M–$50M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • IDfy — Secure Customer Onboarding | Smarter Fraud Detection | DPDP Compliance & Privacy Governance made Easy for Banks, E-Commerce, and Logistics.
  • KLAR Smile — KLAR Aligner merupakan solusi tepat untuk mendapatkan gigi rapi yang aman, cepat, tidak sakit, dan terjangkau tanpa mengganggu penampilanmu.
  • Nafas — Nafas creates an air quality sensor network to monitor the quality of outdoor air. Nafas collects data from real sensors that are designed to be installed outside and withstand the elements. To provide the most accurate local data, Nafas has installed over 30 sensors throughout Jakarta.
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Antler
VC Fund · Singapore, Central Region, Singapore · 4 investments in Indonesia Climate startups

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, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 2377
  • Round size: Seed $158k–$4.5M; Pre-Seed $100k–$590k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Forti Foods — The mission of Forti Foods is to enhance communities and change lives beyond the plate by fostering resilience and dignity via sustainable food innovation.
  • Neighbourhood — Neighbourhood transform unused spaces in restaurants, hotels and residences, into local hubs for co-working, creating and collaborating.
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Access 48,091 investors

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

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Gan Kapital
VC Fund · 4 investments in Indonesia Climate startups

Gan Konsulindo is an inter-connected network of leading investment companies.

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Investment focus

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

Investor stats

  • Total investments: 51
  • Round size: Seed $50k–$2.6M; Pre-Seed $50k–$800k; Series A $4M–$20M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bizhare — Situs investasi bisnis Securities Crowdfunding / Equity Crowdfunding atau urun dana terpercaya di Indonesia. Berizin & diawasi oleh OJK. Yuk, Investasi sekarang juga
  • Protos Labs — Unify cyber risk data for actionable insights and reduced exposure with the Nexus integrated cyber risk analytics platform by Protos Labs.
  • CrediLinq.Ai — CrediLinq is a technology infrastructure company that is enabling B2B platforms to offer embedded finance to their customers.B2B PayLater for buyers and B2B PayNow for sellers is a huge opportunity to both improve conversion, increase average order volumes and dramatically reduce operational burden. The future of B2B payments and purchasing willvery much look like the current consumer-level experience – we at CrediLinq.Ai are accelerating that change.
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Schneider Electric
VC Fund · Rueil-malmaison, Ile-de-France, France · 3 investments in Indonesia Climate startups

As a global specialist in energy management and automation in more than 100 countries, we offer integrated energy solutions across multiple market segments.

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Investment focus

  • Industry: Software, Energy, Internet of Things
  • Stage:Series A, Series C, Seed
  • Geography: United States, France, Australia

Investor stats

  • Total investments: 44
  • Round size: Seed $1.4M–$27M; Series A $1.8M–$125M; Series C $2M–$1.4B
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $565M in 2018

Portfolio highlights

  • Uplight — Uplight supports energy providers around the world with clean energy solutions for customer engagement and grid flexibility management.
  • Skild AI — Building general purpose robotic intelligence
  • Together AI — Together will enable researchers, developers & companies to leverage and improve artificial intelligence with an intuitive data, models & computation platform.
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SOSV
VC Fund · Princeton, New Jersey, United States · 3 investments in Indonesia Climate startups, 75 in the past 12 months

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

Portfolio highlights

  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
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MDI Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Climate 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, Information Technology
  • Stage:Seed, Series B, Series A
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 139
  • Round size: Seed $600k–$6.4M; Series A $3.5M–$35M; Series B $8.2M–$66M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $200M in 2023

Portfolio highlights

  • CYFIRMA — CYFIRMA, offers market-leading cyberthreat visibility products and services, powered by artificial intelligence (AI) and machine learning, CYFIRMA’s flagship platform delivers comprehensive, real-time insights into emerging cyberthreats, attack motives and methods—customized to a client’s industry and IT environment.CYFIRMA defends againstcyberattacks by supplying organizations with real-time threat visibility and situational awareness to enables them to take a more proactive strategic, management and tactical security management actions. By aggregating, correlating and analyzing information from hundreds of thousands of sources on the open and dark web, CYFIRMA helps clients anticipate what types of attacks are most likely to occur and provide the most effective response.
  • Panviva — Connect, Collaborate and Communicate with your employees and customers like never before. Panviva provides complete and innovative knowledge management solutions focused on streamlining and making information more accessible.
  • Whale — Whale provides an omnichannel marketing platform that transforms marketing operations, digitalizes store operations and unifies offline & online brand experiences leveraging AI + IoT + Big Data to “Connect Brands with Customer”.Founded in 2017, Whale has since empowered 400+ global FMCG, F&B, Fashion and Automotive brands includingP&G, Unilever, Starbucks, UNIQLO, ARMANI, Watsons, Xiaomi, Midea, Lotus, POP MART etc. with over 150,000 stores across APAC, enabling brands to embrace the full potential of digital transformation.Equipped with AI capabilities, patented ReID technology and enterprise-grade security, Whale platforms comprising of Space Data Platform (SDP), Whale Marketing Cloud (WMC), Whale Open Platform (WOP) and Whale Analytics, serve as the end-to-end digitalization engine that enables brands to seamlessly engage with each customer.Whale is backed by Temasek Holding, NIO Capital, Source Code Capital, Linear Capital, Alpha Commune, BAI Capital and The Jiangmen, with 6 offices across Singapore, Hangzhou, Shanghai, Beijing and Shenzhen.
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Ondine Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in Indonesia Climate startups, 6 in the past 12 months

Ondine Capital engages in venture capital type investment activities in Southeast Asia, focusing on startups with consumer technology, in the fields of retail, education, logistic, or general TMT.

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Investment focus

  • Industry: Automotive, E-Commerce, Logistics
  • Stage:Seed, Series A, Series B
  • Geography: China, Indonesia, Singapore

Investor stats

  • Total investments: 39
  • Round size: Seed $303k–$14M; Series A $2.6M–$70M; Series B $15M–$175M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $50M in 2023

Portfolio highlights

  • Aboard — Explore the Aboard T4 hybrid-electric travel trailer with smart towing, off-grid power, an on-board range extender and modern mobile living.
  • Zero One Auto — Zero One Auto is a new energy-efficient heavy-duty truck developer company.Zero One Auto creates new energy-efficient heavy-duty vehicles with advanced autonomous driving characteristics. The first batch of products is separated into two models, with an emphasis on the new energy heavy-duty truck short-distance freight market.
  • Squirrel Power — Squirrel Power is an emerging Chinese electric vehicle brand that is rapidly gaining attention for its innovative designs, sustainable technologies, and commitment to making electric mobility more accessible to a wider range of consumers.
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Living Lab Ventures
VC Fund · Yogyakarta, Yogyakarta, Indonesia · 3 investments in Indonesia Climate startups

Living Lab Ventures is an investment firm.

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Investment focus

  • Industry: Real Estate, Rental, Software
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Indonesia, Australia, Japan

Investor stats

  • Total investments: 29
  • Round size: Seed $400k–$12M; Series A $2.7M–$250M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Bumame — Bumame menghadirkan layanan kesehatan terpadu, medical check up, vaksinasi, konsultasi dokter, dan informasi kesehatan.
  • TWO — TWO is a health and wellness company that offers innovative lifestyle solutions 2foods, a line of healthy and delicious food products.
  • Increase Laboratorium Indonesia — PT Increase Laboratorium Indonesia (INCREASE) - Leading in clinical research and high-quality testing services to improve healthcare in Indonesia.
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Openspace Capital
VC Fund · Singapore, Central Region, Singapore · 3 investments in Indonesia Climate startups

Openspace Ventures is a leading venture capital firm finding and backing Southeast Asian companies creating a transformative impact where tech meets life.

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Investment focus

  • Industry: E-Commerce, Financial Services, Software
  • Stage:Series A, Series B, Seed
  • Geography: Singapore, Indonesia, Philippines

Investor stats

  • Total investments: 136
  • Round size: Seed $2.6M–$13M; Series A $1.7M–$20M; Series B $10M–$55M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $25M in 2022

Portfolio highlights

  • Every Half Coffee Roasters — Roasting & Brewing finest quality of specialty coffee bean from Vietnam and the world. We believe that every half bean has its soulmate. Let's find yours
  • Eunice — Eunice combines extensive on-chain data with powerful off-chain insights to provide a customisable, AI-driven due diligence and monitoring solution
  • Video Rebirth — Video Rebirth Limited is a private limited company that is established with shares.
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Skystar Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Climate startups

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.

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Investment focus

  • Industry: E-Commerce, Financial Services, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Vietnam

Investor stats

  • Total investments: 61
  • Round size: Seed $850k–$5M; Series A $3M–$11M; Series B $6M–$60M
  • Lead/follow: 25% lead, 75% follow

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.
  • Ledgerowl — From bookkeeping to tax, Ledgerowl is the all-in-one AI powered financial solution that your business can trust.
  • Rekosistem — Rekosistem is a Clean- & Climate-Tech Company that enables circular economy implementation in the waste supply chain by leveraging proprietary waste management operation systems to transform waste into recycled materials and renewable resources.
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AC Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Climate startups

Founded in 2014, AC Ventures is a Southeast Asian venture capital firm that invests in early-stage startups focused on Indonesia and ASEAN, with over US$500 million in assets under management across five funds. The firm’s areas of investment focus on a variety of industries, including digital enablement, financial technologies, agriculturetechnologies, logistics, e-commerce, consumer technology, MSME solutions, waste management, renewable energy, and sustainability solutions.

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Investment focus

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

Investor stats

  • Total investments: 156
  • Round size: Seed $1M–$7M; Series A $4M–$35M; Series B $12M–$87M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely actively investing — fresh fund, raised $8M in 2025

Portfolio highlights

  • Blostem — Blostem provides fintech solutions, focusing on seamless fixed deposit integration for financial services platforms. The company offers an embedded investment platform and white-label solutions, catering to fintechs, wealth tech platforms, investment advisors, and digital companies. Blostem aims to enhance customer experience through innovativefinancial growth and security solutions.
  • Shiok Burger — Shiok Burger is a food and beverages company that provides baked buns and an innovative burger menu.
  • ASTRO — Situs Belanja Kebutuhan Harian Online dengan Harga Terjangkau dan Kualitas Terbaik. Pesan Kebutuhan Harian di ASTRO Pasti Sampai dalam Hitungan Menit
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Altara Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Climate startups

Singapore-based venture firm backing Series A & B companies across Southeast Asia. Built by operators for founders who understand the long climb. Global perspective, local instincts.

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Investment focus

  • Industry: FinTech, Information Technology, Banking
  • Stage:Series A, Series B, Series C
  • Geography: Indonesia, Singapore, Philippines

Investor stats

  • Total investments: 25
  • Round size: Series A $4.5M–$21M; Series B $3.9M–$40M; Series C $12M–$70M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

  • Saturdays — Shop for premium quality glasses at affordable prices with free shipping and 30-day return policy. Find your perfect pair with SATURDAYS LIFESTYLE.
  • Netbank — Netbank provides various banking solutions like alternative lenders, payment solutions, neobanks, and wallets.
  • PolicyStreet — Renew your insurance and road tax instantly, hassle-free. We're the BEST, but don't just take our word for it. See what our happy customers have to say!
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Wavemaker Impact
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Climate startups

Wavemaker Impact co-founds sustainability-focused businesses in Southeast Asia with proven entrepreneurs

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Investment focus

  • Industry: Agriculture, AgTech, Energy
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Indonesia, India

Investor stats

  • Total investments: 22
  • Round size: Seed $525k–$2.7M; Pre-Seed $500k–$700k; Series A $4.3M–$14M
  • Lead/follow: 86% lead, 14% follow
  • Last fund: Likely still investing — raised $18M in 2023

Portfolio highlights

  • Muun AI — Muun AI turns existing machine and operational data into actionable intelligence while keeping operators in control.
  • Virdalis — A sustainable, locally-grown soymeal replacement for feed mills and livestock farms.
  • MetroElectro — MetroElectro operates as a climate tech start-up.
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Saratoga Investment Corp.
VC Fund · New York, New York, United States · 2 investments in Indonesia Climate startups

Saratoga Investment Corp. is a specialty finance company that invests primarily in leveraged loans and mezzanine debt issued by U.S. middle-market companies, both through direct lending and through participation in loan syndicates. It has elected to be treated as a business development company under the Investment Company Act of 1940. SaratogaInvestment Corp. is traded on the New York Stock Exchange under the symbol "SAR." Saratoga Investment Corp. includes an SBIC-licensed subsidiary.

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Investment focus

  • Industry: Commercial, Financial Services, Dental
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: United States, Indonesia

Investor stats

  • Total investments: 8
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Rekosistem — Rekosistem is a Clean- & Climate-Tech Company that enables circular economy implementation in the waste supply chain by leveraging proprietary waste management operation systems to transform waste into recycled materials and renewable resources.
  • Angry Chickz — Angry Chickz Nashville Hot Chicken brings the heat in tenders and sliders to Los Angeles, Hollywood, Glendale, Bakersfield and Fresno!
  • Vitana Pediatric Dental Partners — Vitana is an investment firm focused exclusively on investing in and partnering with world-class pediatric and orthodontic groups. We invest in high-quality owner dentists who have built great businesses and have the desire to take their financial and professional growth to the next level
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Rebel Fund
VC Fund · San Francisco, California, United States · 2 investments in Indonesia Climate startups, 78 in the past 12 months

Rebel Fund is powered by an elite team of top Y Combinator alumni partners to support the world's most promising technology startup founders

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 399
  • Round size: Seed $500k–$6.4M; Pre-Seed $500k–$2M; Series A $7.5M–$20M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • VideoGen — Video creation for people who value their time. Instantly generate professional videos with AI at https://t.co/cKnYDwOXUw.
  • Multiplier — Multiplier helps institutional investors research stocks and manage their portfolios. We're live with six hedge funds, and our users spend 4+ hours a day in the platform.Investors who try "nearly every tool on the market," to quote a client of ours, "wind up with an unwieldy collection of fragmented point solutions."Those who focus on building a great setup with general agents are instead "signing up for a full-time job." So we deploy a platform called Multiplier that unifies structured data, unstructured data, AI work, human work, and tacit firm knowledge in one secure, governed, customized application.Our first vertical: independent equity funds with $250M-$5B of assets. They know AI is essential for staying relevant, but they don't have the time or talent to figure out what to do about it. But once we deploy Multiplier––"We used to spend 80% of our time gathering information and 20% of our time acting on it," said one customer. "Multiplier has flipped those percentages."
  • Andromeda Surgical — Empowering surgeons with autonomous precision
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Roman Smolevskiy
Angel · Menlo Park, California, United States · 2 investments in Indonesia Climate startups

Roman Smolevskiy is currently the co-founder at BuildTech VC. He was also the founder of Akvapoint. He attended the University of California.

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Investment focus

  • Industry: Real Estate, Software, Artificial Intelligence
  • Stage:Seed, Angel, Pre-Seed
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 97
  • Round size: Seed $1.9M–$7.5M; Pre-Seed $500k–$2.8M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Rent App — Rent App provides a digital platform designed to streamline rental payments and tenant management processes. The company enables tenants to make bank transfers directly to landlords without transaction fees or payment limits, with options for automated recurring payments. Rent App also offers tools for online rental applications, tenant screeningreports, and fraud prevention measures.
  • Candor — Candor utilizes artificial intelligence to assist startups in the defense, energy, and biotech sectors in securing substantial U.S. government funding, offering a software platform that automates proposal drafting and ensures adherence to all requirements.
  • Cuby Technologies, Inc. — Cuby is a full-stack technology company that develops scalable hardware and software systems for process improvement and automation in new home construction (and beyond it).
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Intudo Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Climate startups

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: 54
  • Round size: Seed $500k–$4.3M; Series A $4M–$31M; Series B $4.3M–$66M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely actively investing — fresh fund, raised $75M in 2024

Portfolio highlights

  • Banyu — Banyu is a seaweed company that handles difficulties such as low-quality inputs, labor-intensive agricultural practices, and fluctuating market prices. It sells seaweed for food production, biofertilizers, and bioplastics.
  • Jago Coffee — Jago Coffee serves freshly brewed coffee beverages wherever you are through a fleet of fully electric mobile cafes.
  • Kozystay — Indonesia's largest short term rental property management Group. Managing high end rental premium apartments & luxury villas in Jakarta, Bali, Bandung, Surabaya & beyond!
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Rumah Group
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Climate startups

Rumah Group is a family investment office that makes real estate, equities and environmentally-focused impact investments.

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Investment focus

  • Industry: Fashion, CleanTech, GreenTech
  • Stage:Seed, Venture - Series Unknown
  • Geography: Indonesia, Singapore

Investor stats

  • Total investments: 3
  • Round size: Seed $1.2M–$2.5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • MYCL | Mycotech Lab — MYCL | Mycotech Lab is a mining company that deals in future bio-material with agricultural waste to empower farmers.
  • Waste4Change — Perusahaan Sosial yang menyediakan jasa pengolahan sampah terpilah secara bertanggung jawab dengan mengurangi timbunan sampah di TPA
  • Billion Bricks — BillionBricks uses design and technology to reimagine housing, to empower everyone to be a homeowner. We are developing a self-financing, carbon-negative solar home solution that tackles the systemic issues of housing, energy access and climate change.
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Kejora-SBI Orbit
VC Fund · 2 investments in Indonesia Climate startups

Kejora-SBI Orbit is an investment firm that invests during the very early stages of the life of a company. Orbit is an initiative backed by Kejora Capital, SBI Holdings and investors from Southeast Asia, Japan and Europe.

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Investment focus

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

Investor stats

  • Total investments: 11
  • Round size: Seed $500k–$8.2M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • Bizhare — Situs investasi bisnis Securities Crowdfunding / Equity Crowdfunding atau urun dana terpercaya di Indonesia. Berizin & diawasi oleh OJK. Yuk, Investasi sekarang juga
  • Dagangan — Aplikasi belanja sembako online grosir atau eceran. Menyediakan berbagai kebutuhan pokok seperti sembako, produk segar juga kebutuhan harian lainnya.
  • Swap — Swap is city-based infrastructure of battery swapping stations for e-motorcycle riders. No more cords, no more hassle, battery is being swapped with a fully-charged battery within 9 seconds.
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BRI Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Climate startups

Beyond Funding: Building Indonesia's Digital Ecosystem and Fostering Local Champions

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Investment focus

  • Industry: Financial Services, FinTech, B2B
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Taiwan

Investor stats

  • Total investments: 45
  • Round size: Seed $2.3M–$10M; Series A $2M–$35M; Series B $5M–$100M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $21M in 2020

Portfolio highlights

  • Materee — Simplifying construction materials procurement in Indonesia
  • DayaTani — Leveling Up Farming At Scale. From small plots to big estates, we design tech that levels up agricultural practitioners.
  • Bang Jamin — Bang Jamin offers all-encompassing services and an AI-powered insurance buying and claims process.
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Kencana Company Group
VC Fund · Medan, Sumatera Utara, Indonesia · 2 investments in Indonesia Climate startups

Kencana Company Group is the parent group of several of our subsidiaries which focuses on 4 main business pillars, namely Property & Construction, Digital Agency & Media, Manufacturing and Palm Oil Plantations. With measurable governance and risk management managed by professionals, we believe that a better future is in our hands.

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Investment focus

  • Industry: Software, Industrial, Manufacturing
  • Stage:Series A, Pre-Seed
  • Geography: Indonesia

Investor stats

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

Portfolio highlights

  • Kencana Digital — Kencana Digital, part of the Kencana Company Group, is a digital marketing agency that has been operating for more than 10 years
  • Royal Agro Mandiri — Founded by Kencana Company Group, Royal Agro Mandiri focuses on the production and development of organic fertilizer produced from palm oil waste.
  • Kencana Plantations Indonesia — Oil Plantations Sector
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Ecoxyztem
VC Fund · Bandung, Jawa Barat, Indonesia · 2 investments in Indonesia Climate startups

Established on May 17th, 2021, Ecoxyztem is a venture builder under PT Greeneration Indonesia dedicated to advancing sustainability in Indonesia. By 2030, we aim to be the most reliable support and go-to platform for ecopreneurs looking to build better, sustainable businesses.

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Investment focus

  • Industry: CleanTech, AgTech, Retail
  • Stage:Pre-Seed, Series A
  • Geography: Indonesia

Investor stats

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

Portfolio highlights

  • Alner — Belanja kebutuhan harian dengan kemasan guna ulang. Sampo, deterjen, bumbu, hingga beras - kembalikan kemasannya, dapat poin. Gratis ongkir se-Indonesia.
  • CarbonEthics — CarbonEthics is Indonesia's tech-enabled natural climate solutions developer. Decarbonize with us by restoring ecosystems, improving livelihoods, and biodiversity, focusing on blue carbon and carbon offsetting initiatives.
  • Waste4Change — Perusahaan Sosial yang menyediakan jasa pengolahan sampah terpilah secara bertanggung jawab dengan mengurangi timbunan sampah di TPA
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PT Saratoga Investama Sedaya
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Climate startups

Saratoga Investama Sedaya (SIS) is an active Indonesian investment firm with a unique track record of profitable investments across key sectors of the Indonesian economy. SIS’ vision is to continue to be the leading active investment firm in Indonesia and the preferred partner for both local and foreign investors who are looking to participate inthe dynamic Indonesian economy.

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Investment focus

  • Industry: Financial Services, Finance, Logistics
  • Stage:Venture - Series Unknown, Series B, Series A
  • Geography: Indonesia, Hong Kong, Singapore

Investor stats

  • Total investments: 13
  • Round size: Series A $7M–$22M; Series B $15M–$60M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Rekosistem — Rekosistem is a Clean- & Climate-Tech Company that enables circular economy implementation in the waste supply chain by leveraging proprietary waste management operation systems to transform waste into recycled materials and renewable resources.
  • Fresh Factory — Fresh Factory runs a web of hyperlocal cold-chain fulfilment centers in Indonesia.
  • Forest Carbon — We develop and invest in tropical forest conservation and restoration projects in Southeast Asia. #forest #conservation #hutan
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BEENEXT
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Climate startups

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: 392
  • Round size: Seed $456k–$5M; Series A $2M–$15M; Series B $5.5M–$50M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $1M in 2023

Portfolio highlights

  • Whizzo — Whizzo specializes in materials science-driven manufacturing of engineered fashion and technical textiles. Our expertise lies in creating and executing innovative textile blends tailored for applications across automotive, agriculture, medical textiles, and engineered fashion.
  • Furnishka — Furnishka is a furniture industries that provides wide range of products for home decor items, sofa, coffee tables and dining tables.
  • First Coffee — Discover the best specialty coffee in India with our range of single origin Arabica beans and exclusive merchandise. Shop online at First Coffee for freshly roasted, quality blends.
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Agaeti Venture Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Climate startups

Agaeti Venture Capital is an early stage venture capital firm

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Investment focus

  • Industry: Peer to Peer, Transportation, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Bangladesh

Investor stats

  • Total investments: 21
  • Round size: Seed $1.2M–$7.6M; Series A $5.5M–$28M; Series B $12M–$28M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2018

Portfolio highlights

  • Pathao — Pathao can move you forward. One app for your success, earning, betterment, comfort, easy going lifestyle and many more. Keep #MovingSafely
  • Antler — Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!
  • Onic Esports — Onic Esports is an e-sports organization that specializes in offline and online games such as mobile, pc, and more. They manage competitive esports division teams in Mobile Legends: Bang Bang, PUBG Mobile, Valorant, and Free Fire. Onic Esports was founded by Rob Clinton Kardinal in 2018 in Jakarta, Indonesia.
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Achmad Zaky Foundation
VC Fund · 2 investments in Indonesia Climate startups

Foundation that focus on scaling a social impact

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Investment focus

  • Industry: E-Learning, Health Care, Apps
  • Stage:Pre-Seed, Venture - Series Unknown, Seed
  • Geography: Indonesia, Spain

Investor stats

  • Total investments: 8
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Smartick — Smartick is an online math teaching platform for children (5-12 years old), obtaining their full individual potential.Smartick is complementary to school and consists on daily working sessions (15 minutes), every day of the week. During the session the student works on problems proposed by Smartick which adapt in real time to the individuallevel and performance. This complex adaptation works on two fronts: during the daily session itself and between sessions. At his own pace and based on his particular skills, each student progresses comfortably along the study program towards more complex exercises. The student receives instant feedback after solving each exercise. The combination of adaptability and instant feedback has proved extraordinary effective and efficient in the learning process. Results are visible already after a few weeks of use.Smartick revenue model is subscription based.
  • BATAS.STUDY — Bayas is an ecosystem for kids and families to learn the Quran through Technology, Art, Science, and Sport.
  • Rushd School — SMA Unggulan Rushd uses the National curriculum combined with the Cambridge curriculum for the fields of English, Science and Mathematics.
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GCAL Limited
VC Fund · Tangerang, Jawa Barat, Indonesia · 2 investments in Indonesia Climate startups

GCAL Limited invests in the businesses of environmental care, green technology, and sustainable future. GCAL Limited promotes a zero-waste nation by encouraging a citizen to have a mindset of zero waste at home and at work. GCAL Limited was found dead in 2018 and was headquartered in Tangerang, Indonesia.

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Investment focus

  • Industry: GreenTech, Waste Management, Information Technology
  • Stage:Pre-Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $73k–$221k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GCAL Limited — GCAL Limited invests in the businesses of environmental care, green technology, and sustainable future. GCAL Limited promotes a zero-waste nation by encouraging a citizen to have a mindset of zero waste at home and at work. GCAL Limited was found dead in 2018 and was headquartered in Tangerang, Indonesia.
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Genesia Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Indonesia Climate startups

Genesia Ventures is a venture capital firm focused on seed/early stage startups in Japan and Southeast Asia. Since it's inception in Dec 2016, Genesia Ventures has invested in over 90 companies in Japan, Indonesia, Vietnam, Singapore and the US. Genesia Ventures invests in various sectors: SaaS, marketplace, Media, Finance, Insurance,RealEstate, Healthcare, Medical, Travel, Education, Manufacturing, Construction, HR, Agriculture, Sports, Retail, Entertainment, etc.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, Vietnam, Indonesia

Investor stats

  • Total investments: 239
  • Round size: Seed $462k–$4.8M; Series A $1.2M–$11M; Venture - Series Unknown $404k–$2.1M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $110M in 2022

Portfolio highlights

  • Beff — Beff is a company that focuses on Global AI and battery development. It intends to reduce material waste and CO2 emissions during battery production and secure resources in a sustainable manner.
  • AI Mage — AI Mage is an IT company that provides AI solutions for anime production business industries.
  • Umami United — Umami United is a plant-based food brand with unique focus on Japanese food technologies and traditional ingredients to make delicious and healthy food to unite people at one table. The wide lineups are designed to be vegan-friendly, buddhist friendly, and halal friendly for all.
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Ango Ventures
VC Fund · Kebayoran Baru, Jakarta Raya, Indonesia · 2 investments in Indonesia Climate startups

Ango venture adalah perusahaan venture capital yang berfokus pada bisnis yang memiliki social impact dan juga memiliki profitability

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Investment focus

  • Industry: Food and Beverage, E-Commerce, Health Care
  • Stage:Venture - Series Unknown, Seed
  • Geography: Indonesia, United States

Investor stats

  • Total investments: 13
  • Round size: Seed $1M–$3.5M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Surplus — Surplus Indonesia is a mobile application-based marketplace for food merchants to sell overproduced meals and food items at reduced prices.
  • Krealogi — Krealogi helps B2B Buyers (Brands, Retailers, and Hospitality Businesses) to reliably source form Indonesian Small Micro Industries (SMI). With Krealogi simple ERP mobile apps, SMIs can digitize their operations, increasing their efficiency and reliability as suppliers. Krealogi leverages data from the app to curate and allocate orders to the SMIsas well as providing them with necessary financing and raw materials to help them grow.
  • GandengTangan — GandengTangan is container social collaboration for business owners who need capital to the public who sincerely want to help by providing loans. GandengTangan present to bridge both to be able to join hands to create a good impact for Indonesia.
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Aavishkaar Venture Capital
VC Fund · Mumbai, Maharashtra, India · 1 investments in Indonesia Climate startups

AGIMDC invests in start ups, transforming NBFCs and mature MFIs. AGIMDC was sponsored by the Dutch fund Goodwell Microfinance Development Company. AGIMDCâ€:tm:s investment managers have extensive experience in private equity and microfinance.

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Investment focus

  • Industry: Financial Services, Manufacturing, Finance
  • Stage:Series B, Series A
  • Geography: India, Indonesia, Sri Lanka

Investor stats

  • Total investments: 96
  • Round size: Series A $2.3M–$11M; Series B $2M–$29M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

  • AgroStar — AgroStar is India’s foremost AgTech start-up working on the mission of #HelpingFarmersWin by providing a complete range of agri solutions at the fingertips of farmers. AgroStar’s tech platform provides a combination of agronomy advice coupled with service and agri input products that enable farmers to significantly improve their productivity andincome.We use an extensive amount of data, technology and agronomy knowledge to give the right solutions (advice+products) to Indian farmers.AgroStar currently operates in the states of Gujarat, Maharashtra, and Rajasthan and has over 5 Lakh farmers on its digital platform. Farmers in these states can avail agri solutions for their entire crop life-cycle with a simple “missed call” or through its Android app, which is amongst the highest rated farming focused apps in the country.Over the next 5 years, we plan to continue to provide incremental value to farmers in terms of wide range of inputs delivered at their doorsteps, world-class agronomy guidance and also access to market linkages and credit.
  • Newtrace — NewTrace is building the next generation of electrolyzers to help fulfil the vision of affordable green hydrogen
  • NEPRA Resource Management — NEPRA Resource Management provides waste management solutions in India. It offers dry waste management and recycling; waste pick up; and waste handling and reporting. NEPRA Resource Management collects and processes a range of materials, including commercial and industrial waste, paper and cardboard, metal, glass, plastic, E-waste, and wood. Itoffers services for waste-pickers/society cleaners/building care takers/malls/residential societies/commercial establishments or any other type of waste generator. NEPRA Resource Management serves hotel, IT, telecom, and research industries; retail sectors, multi brand outlets, residential associations, individual households, and townships; and Ahmedabad Municipal Corporation. It began operation in 2006, with its headquarters in Ahmedabad in India as a subsidiary of Nepra Group.
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AgFunder
VC Fund · San Francisco, California, United States · 1 investments in Indonesia Climate startups

AgFunder is a global venture capital firm backing deeptech platforms across AI, biotech, robotics, manufacturing, climate, and materials.

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Investment focus

  • Industry: Agriculture, AgTech, Biotechnology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 138
  • Round size: Seed $100k–$10M; Pre-Seed $100k–$1M; Series A $4.4M–$40M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $60M in 2022

Portfolio highlights

  • Root AI — At Root, we are on a mission to create the intelligent robots that will help growers build the farms of the future.
  • FaunaTech — FaunaTech is an Agtech company that concentrates on the research and development of devices capable of detecting diseases in cattle farms.
  • Bear Flag Robotics — Safe, productive and efficient farming operations for the next generation of growers. Customize, Orchestrate, Automate,and Scale your fleet to your needs.
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Jungle Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Climate startups

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.

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Investment focus

  • Industry: E-Commerce, Software, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: India, Singapore, Indonesia

Investor stats

  • Total investments: 175
  • Round size: Seed $604k–$5.2M; Series A $3.3M–$30M; Series B $8M–$45M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Livspace — India's Most Trusted Home Interior Design & Renovation Service Company. Get Expert Interior Designers to Create the Most Beautiful Living Rooms, Bedrooms, Bathrooms & More, be it New Home Interiors or Renovation. Flat 10-year warranty* Book a Free Consultation with an Expert Interior Designer.
  • NirogStreet — NirogStreet is the best platform for Ayurveda doctors. Learn and Earn from top Ayurveda Experts and get authentic Ayurvedic medicines at the best deals.
  • Milaap — Free fundraising for all. 0% Fees charged on donations received
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Acorn Pacific Ventures
VC Fund · Santa Clara, California, United States · 1 investments in Indonesia Climate startups

Acorn Pacific Ventures help entrepreneurs execute cross-border technology strategies.

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Investment focus

  • Industry: Software, Artificial Intelligence, Analytics
  • Stage:Seed, Series A, Series B
  • Geography: United States, China, France

Investor stats

  • Total investments: 30
  • Lead/follow: no public data

Portfolio highlights

  • PopChill — PopChill generates an online marketplace for second-hand trade, enabling users to share their fashion styles and sell idle items.
  • Rezilient Health — Reimagine primary care services with Rezilient Health. Every doctor available at every location & 24/7 virtual care with our tele-health techonology.
  • Earthshot Labs — We are an open-source community, public benefit technology company, and regenerative asset manager using data science for planetary-scale climate mitigation.
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SMDV
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Climate startups

SMDV sinar mas digital ventures

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Investment focus

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

Investor stats

  • Total investments: 52
  • Lead/follow: no public data

Portfolio highlights

  • Jejakin — Kick off your sustainable journey with us
  • Amity Corporation — Discover Amity, where we create digital solutions that help organizations, teams and individuals achieve more through technology and social innovation.
  • Social+ — Add pre-built social features to your app, analyze first-party data, and boost engagement with AI insights and monetization capabilities.
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DeClout Ventures
VC Fund · 1 investments in Indonesia Climate startups

EXEO Global Pte Ltd is the global headquarters facilitating the operational and strategic management of overseas subsidiaries for Tokyo Stock Exchange Prime Market listed EXEO Group, Inc in Japan.

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Investment focus

  • Industry: E-Commerce, Industrial, Marketplace
  • Stage:Seed, Series A
  • Geography: Indonesia, Singapore

Investor stats

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

Portfolio highlights

  • Agridence — Agridence provides you the future of agricultural commodity trading. We are at the vanguard of digitalising global agri-commodity supply chains to create a data-rich, technology-powered ecosystem. This digital transformation enables more in-depth monitoring of the supply chain to identify environmental, social, and financial concerns, allowing fortargeted responses. At Agridence, we employ technology to increase data transparency and trust. We give industry intelligence and insights to help our customers make better decisions. We try to uncover difficulties and provide solutions that will change the way commodities are produced and exchanged.Agridence is a technology company that offers tailored solutions for various agribusiness needs. We help the agricultural commodity industry implement sustainable procurement and traceability.
  • Charged — As a direct-to-user scale-up motorbike manufacturer and distributor, we are here to offer Indonesian clients affordable, practical, and sustainable mobility. Comparing our vehicles to conventional combustion motorbikes, they are competitive in terms of cost, performance, and quality.
  • IN Financial Technologies —
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Mitsui & Co
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Indonesia Climate startups

Mitsui & Co is a company that works in trading and investment. The company manages resources, energy, food, materials, and products needed for society. It develops projects in fields such as environment, infrastructure, and social contribution. The company addresses issues related to climate change, natural resources, and human rights. Itsupports communities by building systems for supply, health, education, and work.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Series B, Corporate Round
  • Geography: United States, Japan, India

Investor stats

  • Total investments: 159
  • Lead/follow: no public data

Portfolio highlights

  • Folio — FOLIO is a financial Instruments Business Operator .
  • Sky-Futures — Since 2009, Sky-Futures has established itself as the world’s leading provider of drone-based inspection services to the global industrial markets. Sky-Futures’ end-to-end enterprise solutions including training packages, services and software solutions enable enterprises to perform safe and cost-effective drone inspections of a variety ofvertical infrastructures, including but not limited to the following industries: Oil and Gas; Renewables; Utilities; Power and Civil Engineering. They also offer data analytics and reporting software for drone-based industrial inspections with EXPANSE, an asset inspection platform that allows Enterprise to visualise and analyse all data, from static imagery captured with mobile devices or drones, to historic engineering reports or photogrammetry models. By exploiting the unique characteristics of Drones, Artificial Intelligence and Computer Vision, we help engineers and inspectors to get smarter data with advanced and highly automated tools.Sky-Futures has customers in 28 countries across 5 continents. The business is headquartered in London with offices in Houston, TX in the USA, Kuala Lumpur in Malaysia, Abu Dhabi in UAE and Aberdeen in Scotland.
  • Chefmarket.ru — Cooking was never so easy and fun before! We put together and deliver everything you need to cook delicious meals at home. All you need to have in your cupboard is: salt, pepper, a good cooking and olive oil. All the rest you get from us in the quantities you need. Subscribe or get a trial delivery without subscription for a weekly delivery offresh ingredients with photo-recepies for your dinners. Each week we deliver to your door new recipes so that you would never get bored at your kitchen.We are the leaders of this business segment in Russia. We collaborate with major magazines and chefs. Visit us on www.chefmarket.ru (the web-site is available so far only in Russian) and get some awesome food done by your own hands!
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Orbit Startups
VC Fund · Cork, Cork, Ireland · 1 investments in Indonesia Climate startups, 24 in the past 12 months

Orbit Startups helps companies scaling breakthrough technologies across emerging and frontier markets to the regions with the most aggressive growth.

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Investment focus

  • Industry: E-Commerce, Information Technology, Software
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: India, Singapore, Pakistan

Investor stats

  • Total investments: 123
  • Lead/follow: no public data

Portfolio highlights

  • TAPPI — TAPPI is the leading association for the worldwide pulp, paper, packaging, and converting industries and publisher of Paper360º.
  • Braingaze — Braingaze solves major challenges around cognitive disorders of the brain. We use a patented neuro-biomarker based on small involuntary eye movements. These are triggered by functional games, the resulting signal is analysed using algorithms trained by Deep Learning based on actual real patient / control cases. We adress pre-symptomatic stagesof Alzheimer's disease and the most common child cognitive disorder ADHD. Our tools are on the market and covered by a CE Mark as a medical device. Our pipeline includes detection / diagnostic tools as well as digital therapy solutions that have shown to reduce symtoms by over 50%.
  • Tappi — Convert one-time customers into loyal ones by getting discovered, growing leads and building your business reputation.
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Ruvento
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Climate startups

Investments Driven by Values

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Investment focus

  • Industry: Software, Hardware, Information Technology
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Singapore, Indonesia

Investor stats

  • Total investments: 38
  • Lead/follow: no public data

Portfolio highlights

  • Semaai — Full-stack agri-tech solution for Indonesian farmers
  • Proglix — Proglix is ​​a goods procurement platform for raw materials and finished industrial goods.
  • Seeds — Seeds is a fintech company that offers a multi-asset investment platform assisting digital-savvy millennials to earn passive income.
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Patamar Capital
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Climate startups

Patamar Capital is Southeast Asia's leading impact-driven venture capital firm. Founded in 2011, Patamar invests in early-stage companies building sector-defining platforms that maximize positive impact and financial returns.

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Investment focus

  • Industry: FinTech, Financial Services, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: Vietnam, Indonesia, Singapore

Investor stats

  • Total investments: 46
  • Lead/follow: no public data

Portfolio highlights

  • SwipeRx — Collect CPD points Online pharmacist/SKP Online pharmacist for free, get access to the latest pharmacy news and medical information.
  • Peddlr — Peddlr is a free POS mobile app for small businesses. Effortlessly track and manage your sales, expenses, inventory, and transactions. Use it anytime, anywhere, and even offline!
  • MyShubhLife — MyShubhLife is a full stack financial services provider for the Next Half Billion. With Real-time analytics and credit reports based on alternative data, MyShubhLife reaches unserved and underserved market segments to provide meaningful financial inclusion.MyShubhLife has further strengthened its financial inclusion goal through its financialwellness program for corporates and individuals by expanding its portfolio to include Mini and Micro loans, Insurance, Mutual Fund SIPS, Tax filing service and more.
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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China · 1 investments in Indonesia Climate startups

Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong in China, and Singapore.Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companiesin the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.Since our debut, we have backed over 530 fast-growing and innovative companies. Over 200 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 70 portfolio companies that have achieved unicorn or super unicorn status.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 668
  • Lead/follow: no public data

Portfolio highlights

  • Keystone — Kesytone is a hardware wallet for bitcoin, Ethereum, USDT, BCH, and cryptocurrencies.
  • Ronghe Medical — Ronghe Medical is a medical device manufacturer specializing in the design, research and development, production, and sales of high-end medical device systems based on advanced energy ablation technology platforms, delivering innovative therapeutic solutions that enhance clinical precision, improve patient outcomes, and support a wide range ofmedical applications.
  • InfStones — Founded in 2018 with offices across three countries and two continents, InfStones is the world's leading blockchain infrastructure provider. Currently, InfStones provides services to large institutional clients around the globe, supporting thousands of nodes on more than 50 public blockchains through its universal platform.
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Metaventura
VC Fund · Padang, Sumatera Barat, Indonesia · 1 investments in Indonesia Climate startups

Metaventura identifies and supports pioneering companies transforming their sectors with advanced solutions. The mission is to drive innovation and improve lives through strategic investments and collaborations, establishing ourselves as a leading early-stage investment firm focused on Internet and Software, Biotechnology, and Healthcare.

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Investment focus

  • Industry: Health Care, Manufacturing, Pharmaceutical
  • Stage:Pre-Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • CytoRadar — CytoRadar.com is available for sale at $2,870. It is a great fit for a biotech platform or biotech company,a Bot & AI Brand,a Health & Wellness business,a Tech Startup,Business Analytic Brands
  • Phytomeds — Phytomeds.com is a captivating domain name that invokes images of natural healing and wellness. The term Phyto is commonly associated with plants, while Meds suggests medicine or remedies. This powerful combination conveys a sense of organi
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K3 Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Climate startups

K3 Ventures provides venture capital for technology startups in various sectors such as finance, education, healthcare, food and agriculture and others. The firm is headed by Kuok Meng Xiong.

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Investment focus

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

Investor stats

  • Total investments: 91
  • Lead/follow: no public data

Portfolio highlights

  • WIZ.AI — WIZ.AI Talkbot is a leading Generative AI-powered omnichannel customer engagement solution for enterprises to propel business growth.
  • iEduGPT — iEduGPT is an AI-powered learning platform based in Singapore that offers personalized, adaptive learning solutions for professional and academic exam preparation. It leverages artificial intelligence to analyze individual learners' strengths and knowledge gaps and create optimized study paths. The platform aims to transform exam preparationby making learning smarter, more efficient, and tailored to each user’s unique needs, covering certifications in finance, academics, and languages.
  • Rekosistem — Rekosistem is a Clean- & Climate-Tech Company that enables circular economy implementation in the waste supply chain by leveraging proprietary waste management operation systems to transform waste into recycled materials and renewable resources.
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Climate Investor funding in Indonesia at a glance

Stats across 193 deals from 214 investors.

214
investors
in Indonesia Climate startups
193
deals
in Indonesia Climate startups
$4.8M
median round
in Indonesia Climate startups
48%
lead investors
lead at least one round
30%
Seed
most common funding stage
93/7
VC / Angel
share of investor count

Access all 214 investors in Indonesia Climate startups.

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