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Top 50 Hardware VC Funds & Investors in Indonesia (July 2026)

The most active venture capital funds investing in Indonesia Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Indonesia Hardware startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Mirova
VC Fund
5 France, United States, India Debt Financing, Venture - Series Unknown Energy, Renewable Energy, Agriculture $1.6M–$91M
East Ventures
VC Fund
5 Japan, Indonesia, Singapore Seed, Series A Software, Information Technology, Internet $560k–$38M
BEENEXT
VC Fund
4 India, Japan, Indonesia Seed, Series A, Series B Software, E-Commerce, Financial Services $500k–$50M
Insignia Ventures Partners
VC Fund
4 Indonesia, Singapore, Vietnam Seed, Series A, Series B Financial Services, FinTech, Software $50k–$131M
Triputra Group
VC Fund
3 Indonesia Seed, Series A, Pre-Seed Supply Chain Management, AgTech, Logistics $1.6M–$28M
The Meloy Fund
VC Fund
3 Indonesia Seed, Series A B2B, CRM, AgTech
Intudo Ventures
VC Fund
3 Indonesia, Singapore, Hong Kong Seed, Series A, Series B FinTech, Financial Services, Marketplace $845k–$66M
Init 6
VC Fund
3 Indonesia, Singapore, Pakistan Seed, Pre-Seed, Series A Financial Services, Information Technology, FinTech $1M–$18M
SMDV
VC Fund
3 Indonesia, Thailand, Singapore Series A, Seed, Series B E-Commerce, Information Technology, Software $1.5M–$45M
Cento Ventures
VC Fund
3 Singapore, Malaysia, Indonesia Series A, Seed, Series B Information Technology, Software, E-Commerce $580k–$21M
UntroD Capital
VC Fund
3 Japan, Singapore, Austria Seed, Series A Manufacturing, Biotechnology, Health Care $772k–$241M
Vertex Ventures Southeast Asia & India
VC Fund
3 India, Singapore, Indonesia Series A, Series B, Seed E-Commerce, SaaS, FinTech $2.2M–$40M
GK-Plug and Play Indonesia
VC Fund
2 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Software, Financial Services, Artificial Intelligence $50k–$12M
Hustle Fund
VC Fund
2 United States, Singapore, Canada Seed, Pre-Seed, Series A Software, FinTech, Financial Services $100k–$25M
Vertex Ventures
VC Fund
2 United States, China, Israel Series A, Series B, Series C Software, Information Technology, Artificial Intelligence $3M–$100M
Accion Ventures
VC Fund
2 India, United States, Mexico Seed, Series A, Series B Financial Services, FinTech, Finance $500k–$30M
Pavilion Capital
VC Fund
2 United States, Japan, Singapore Series B, Series A, Series C Biotechnology, Health Care, Information Technology $2M–$425M
Future Creative Network
VC Fund
2 Indonesia Seed Virtual Reality
Central Capital Ventura
VC Fund
2 Indonesia, Singapore, Australia Series A, Seed, Series B Financial Services, FinTech, Software $3M–$80M
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Prasetia Dwidharma
VC Fund
2 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Software, Information Technology, E-Commerce $100k–$15M
LINE Ventures
VC Fund
2 Japan, Indonesia, Thailand Series A, Series B Software, E-Commerce, FinTech $3.7M–$567M
Gan Kapital
VC Fund
2 Indonesia, Singapore Seed, Pre-Seed Software, Financial Services, FinTech $50k–$2.3M
MDI Ventures
VC Fund
1 Indonesia, Singapore, United States Seed, Series B, Series A Software, FinTech, E-Commerce $500k–$75M
BANSEA
VC Fund
1 Indonesia, Singapore, Togo Seed, Pre-Seed B2B, SaaS, Software $150k–$2.6M
Kejora Capital
VC Fund
1 Indonesia, Singapore, Malaysia Seed, Series B Financial Services, E-Commerce, FinTech $15k–$170M
Antler
VC Fund
1 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $108k–$28M
Amand Ventures
VC Fund
1 Indonesia, Singapore Seed, Series A, Convertible Note Software, Retail, Financial Services $1.7M–$2.8M
1982 Ventures
VC Fund
1 Singapore, Indonesia, Philippines Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology $1.2M–$8.5M
DS/X Ventures
VC Fund
1 Indonesia, Singapore Seed, Pre-Seed Information Technology, B2B, FinTech $1M–$4.1M
Agaeti Venture Capital
VC Fund
1 Indonesia, Singapore, Bangladesh Series A, Seed, Series B Software, Logistics, Food Delivery $7.8M–$28M
BADideas.fund
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Grant Software, Information Technology, Artificial Intelligence $110k–$4.6M
500 Southeast Asia
VC Fund
1 Singapore, Indonesia, Malaysia Seed, Series A, Series D Artificial Intelligence, FinTech, Software $787k–$170M
Bamboo Sea Ventures
VC Fund
1 Singapore, Indonesia, United States Seed, Pre-Seed, Corporate Round Big Data, Internet, Software
Investa Syailendra Nuswatara
VC Fund
1 Indonesia Seed Virtual Reality, Augmented Reality
Vulpes Investment Management Pte Ltd
VC Fund
1 United Kingdom, Vietnam, Australia Seed, Series A, Convertible Note Internet, Health Care, B2B $1M–$15M
Sinar Mas Digital Ventures
VC Fund
1 Indonesia Series A Lifestyle, Logistics, Supply Chain Management
Khoo Investment
VC Fund
1 Indonesia Seed B2B, Big Data, Logistics
EV Growth
VC Fund
1 Indonesia, Singapore, Thailand Series B, Series C, Series A FinTech, Financial Services, Internet $11M–$360M
MassiveMusic
VC Fund
1 Indonesia Seed Virtual Reality
Infia Media Pratama
VC Fund
1 Indonesia Seed Virtual Reality
Real Tech Japan
VC Fund
1 Japan, Singapore, Austria Series A, Seed Manufacturing, Biotechnology, Medical $1.2M–$241M
Tigalapan Investama Group
VC Fund
1 Indonesia Seed Virtual Reality, Augmented Reality
Lightspeed Venture Partners
VC Fund
1 United States, India, Israel Series A, Series B, Seed Software, Information Technology, Artificial Intelligence
ORZON Ventures
VC Fund
1 Thailand, Indonesia, Singapore Series A, Seed, Pre-Seed Restaurants, Food and Beverage, Hardware
D Global Ventures
VC Fund
1 Namibia, United Kingdom Pre-Seed, Series A B2C, Travel, Delivery
Emtek Group
VC Fund
1 Indonesia, Singapore, Malaysia Series A, Seed, Series B E-Commerce, Internet, Apps
Trinity Optima Production
VC Fund
1 Indonesia Seed Virtual Reality
Brightness Capital
VC Fund
1 Indonesia Seed B2B, Big Data, Logistics
Conservation International Ventures
VC Fund
1 United States, Chile, Egypt Seed, Pre-Seed, Series B Software, Agriculture, Aquaculture $250k–$2.8M
Access all 90 VC funds in Indonesia Hardware startups.

Access 48,091 investors

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

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Investor list

Mirova
VC Fund · Paris, Ile-de-France, France · 5 investments in Indonesia Hardware startups

Mirova is an asset managerment company offering investment solutions that combine financial performance with environmental and social impact.

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Investment focus

  • Industry: Energy, Renewable Energy, Agriculture
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: France, United States, India

Investor stats

  • Total investments: 66
  • Round size: Debt Financing $10M–$91M; Venture - Series Unknown $1.6M–$66M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Big Tree Farms — Big Tree Farms is a supply chain management company that provides its services to farmers producing coconut sugar, raw cacao, and more. The company works directly with over 13,000 small farmers to create transparent, socially equitable supply relationships and products. They grow, harvest, process and manufacture tropical food products includingCoconut Sugars, TRU-RA Cacao and Cashew, Honeys, Spices, Sea Salts, Peppers, and Medicinal Herbs.Big Tree Farms harvest flower nectar daily in thriving food forests using production practices that steward the soil and protect the trees. It was founded in 2003 and is based in Hinesburg, Vermont.
  • Solveo Energie — Solveo Energie specializes in the field of consulting and local renewable energy.
  • ReGeneration — ReGeneration engages in financing and accelerating the development of regenerative agriculture.
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East Ventures
VC Fund · Tokyo, Tokyo, Japan · 5 investments in Indonesia Hardware 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: 464
  • Round size: Seed $560k–$17M; Series A $2.2M–$38M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Eko — Turning workplaces into places where all employees can thrive.
  • FitHappy — FitHappy is a behavioral & medical-based wellness app to solve diet problems for good.
  • Bioma — Media Desa Terkini
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BEENEXT
VC Fund · Singapore, Central Region, Singapore · 4 investments in Indonesia Hardware 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, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: India, Japan, Indonesia

Investor stats

  • Total investments: 305
  • Round size: Seed $500k–$9M; Series A $2M–$29M; Series B $5.5M–$50M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $1.6B in 2020

Portfolio highlights

  • mewt — Lovable Generated Project
  • 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.
  • CREST — CREST Capital is a private investment firm that partners with founders, families, and institutions to build, manage, and preserve wealth with discipline, alignment, and foresight.
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Insignia Ventures Partners
VC Fund · Singapore, Central Region, Singapore · 4 investments in Indonesia Hardware startups

Insignia Ventures Partners is a venture capital firm that specializes in startup investment. Insignia Ventures Partners is an investment firm managed by a former Sequoia Asia partner, Yinglan Tan.

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Investment focus

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

Investor stats

  • Total investments: 145
  • Round size: Seed $50k–$13M; Series A $4.4M–$26M; Series B $12M–$131M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Diaflow — Diaflow is an agentic automation platform that enables users to automate their business processes using natural language
  • Konvy.com — Konvy.com is an online platform that provides cosmetics and skincare products.
  • IMCOCO Group — IMCOCO Group engaged in the entire coconut water industry chain business, Its business covers four major sectors: the cultivation of aromatic coconuts, cross-border trade of coconut fruits, R & D and production of coconut water raw materials, and the processing of coconut water beverages.
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Triputra Group
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Hardware startups

Berkontribusi untuk bangsa adalah alasan keberadaan kami sejak mulanya, yakni... lahir dari, oleh dan untuk Indonesia. Tentang Triputra Group Ruang untuk Tumbuh Triputra terus berupaya tetap relevan dan memberikan kesempatan sebesar-besarnya bagi para talenta di masa depan untuk berkontribusi bagi

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Investment focus

  • Industry: Supply Chain Management, AgTech, Logistics
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 16
  • Round size: Seed $1.6M–$5.6M; Series A $4M–$28M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Praktis — PTS Supply Chain is lending brand owners a helping hand in managing day-to-day operational activity.
  • FishLog — FishLog is fisheries supply chains ecosystem. Our vision is to transform fragmented fisheries supply chains into an integrated and efficient ecosystem with reliable solutions that create value along fisheries network. Our mission is to be the largest fisheries network in Indonesia. Offer complete fisheries post-harvest management services. Creatinga transparant, fair-trade and sustainable transaction along fisheries ecosystem with all stakeholders in our network.
  • Coldspace — Comprehensive end-to-end integrated cold chain solution for your business needs. Our services include on-demand cold storage, reefer trucks, fulfillment services, and contract logistics/managed cold chain services. Ensure your products' freshness and integrity throughout the supply chain with our reliable and efficient solutions
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The Meloy Fund
VC Fund · Arlington, Virginia, United States · 3 investments in Indonesia Hardware startups

Small scale fisheries are in crisis. The Meloy Fund for Sustainable Community Fisheries creates opportunity for local fishers to secure more sustainable livelihoods.

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Investment focus

  • Industry: B2B, CRM, AgTech
  • Stage:Seed, Series A
  • Geography: Indonesia

Investor stats

  • Total investments: 6
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jala Tech — JALA helps shrimp farmers increase cultivation production and efficiency in the shrimp industry.
  • Koltiva — Koltiva is a farmer first global tech company empowering over 480,000 farmers and business users across 27 countries. We support some of the largest multinational companies by digitizing global supply chains and technology. Our focus is to enhance traceability, inclusiveness, and sustainability.
Show all investments...

Intudo Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Hardware 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: 53
  • Round size: Seed $845k–$3.8M; Series A $3.7M–$31M; Series B $4.3M–$66M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $115M in 2021

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.
  • Suryanesia — Suryanesia is a clean energy startup with ambitions to reduce greenhouse gas levels so that we can live sustainably and in harmony with nature. Their errand is to empower consumers, businesses, and governments to harness innovations that address climate change.
  • Jago Coffee — Jago Coffee serves freshly brewed coffee beverages wherever you are through a fleet of fully electric mobile cafes.
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Init 6
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Hardware 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: 33
  • Round size: Seed $1M–$18M; Pre-Seed $1.1M–$2.3M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • imajin — Imajin adalah pasar online manufaktur di Indonesia yang menyediakan layanan dalam proyek 3D, mold, die, product, part serta penyewaan mesin CNC.
  • dibimbing.id — Dibimbing is a learning platform that provides skills for job preparation and career upgrades.
  • Bioma — Media Desa Terkini
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SMDV
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Hardware 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: 57
  • Round size: Seed $1.5M–$12M; Series A $2.6M–$28M; Series B $18M–$45M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Eko — Turning workplaces into places where all employees can thrive.
  • SIRCLO — SIRCLO is a leading omnichannel commerce enabler in Indonesia, driven by the mission to unlock the digital potential of people and businesses.
  • Amity Corporation — Discover Amity, where we create digital solutions that help organizations, teams and individuals achieve more through technology and social innovation.
Show all investments...

Cento Ventures
VC Fund · Singapore, Central Region, Singapore · 3 investments in Indonesia Hardware startups

Cento Ventures is a venture capital firm specialised in early-stage startups, and we partner with founders who are building viable tech solutions to meet regional market demands.

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Investment focus

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

Investor stats

  • Total investments: 34
  • Round size: Seed $580k–$5M; Series A $1.3M–$4.4M; Series B $4M–$21M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Baskit — baskit | Empowering wholesalers and distributors with the world's first cloud-native all-in-one app
  • Smart Bricks — Smart Bricks make investing in real estate easier, wiser, and more lucrative.
  • Feedme — The leading smart POS system for Food and Baverage Industry in South East Asia
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
UntroD Capital
VC Fund · Sumida, Tokyo, Japan · 3 investments in Indonesia Hardware startups

UntroD Capital is an R&D-based innovative technology that specializes in social implementation.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Health Care
  • Stage:Seed, Series A
  • Geography: Japan, Singapore, Austria

Investor stats

  • Total investments: 130
  • Round size: Seed $772k–$43M; Series A $2.1M–$241M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • CastBio — Castbio specializes in antibody-drug conjugate-based drug discovery research and development. Along with medications, it also creates research reagents, medical equipment, in vitro diagnostic items, and offers drug discovery consulting.
  • 3DC — 3DC develops and manufactures a new carbon material, graphene meso sponge (GMS), for electrodes in next-generation batteries, capacitors, fuel cells and other energy storage and generation devices.
  • Formas.AI — Formas.AI is a multi-modal, AI-powered design platform specifically built for architects, designers, and educators to generate and visualize creative architectural concepts.
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Vertex Ventures Southeast Asia & India
VC Fund · Singapore, Central Region, Singapore · 3 investments in Indonesia Hardware startups

Vertex Ventures Southeast Asia and India invests in high-growth start-ups seeking their first round of institutional venture capital funding in Southeast Asia and India, with a primary focus on Singapore, India, Indonesia, Thailand and other emerging hubs of innovation across the region. It has a long and strong track record of investing in early-stage startups and building champions like Grab, Patsnap, 17Live, Nium, FirstCry, Licious, AsianParent, Validus, Warung Pintar, and others.

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Investment focus

  • Industry: E-Commerce, SaaS, FinTech
  • Stage:Series A, Series B, Seed
  • Geography: India, Singapore, Indonesia

Investor stats

  • Total investments: 138
  • Round size: Seed $2.2M–$6M; Series A $3.5M–$14M; Series B $6.7M–$40M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • IVF Access — IVF Access is a healthcare company which is setting up clinics in India providing in vitro fertilisation (IVF) treatments.
  • Warung Pintar — Platform digital terpercaya untuk membantu warung tradisional Indonesia tumbuh bersama teknologi.
  • Quantified Energy Labs — Leaders in on-site PV module quality evaluation
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GK-Plug and Play Indonesia
VC Fund · Setiabudi, Jakarta Raya, Indonesia · 2 investments in Indonesia Hardware 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: 40
  • Round size: Seed $50k–$5M; Series A $4.5M–$12M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • 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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Hustle Fund
VC Fund · San Carlos, California, United States · 2 investments in Indonesia Hardware startups

Hustle Fund is a seed fund that invests in early-stage startups operating in software, business-to-business, fintech, and digital health sectors.

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Investment focus

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

Investor stats

  • Total investments: 420
  • Round size: Seed $997k–$6.4M; Pre-Seed $100k–$2.5M; Series A $4M–$25M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Cloudoor — Cloudoor deploys and delivers your code to your customers without breaking things.
  • BON Credit
  • EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups
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Vertex Ventures
VC Fund · Palo Alto, California, United States · 2 investments in Indonesia Hardware startups

Vertex Ventures US is an early stage VC that backs fearless founders building a smarter digital economy through B2B software.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 416
  • Round size: Series A $3M–$28M; Series B $6M–$43M; Series C $9.3M–$100M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Warung Pintar — Platform digital terpercaya untuk membantu warung tradisional Indonesia tumbuh bersama teknologi.
  • Flutura — Accenture discusses how to maximize business potential with Accenture's Industrial Intelligence Suite. Read more.
  • Ace Turtle Omni Pvt Ltd — We help retail businesses in India, Singapore & Malaysia convert multichannel sales & marketing strategies to omnichannel on marketplaces & own websites
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Accion Ventures
VC Fund · Washington, District of Columbia, United States · 2 investments in Indonesia Hardware startups

Accion Ventures is an investment strategy that today pursues early-stage investments as part of Accion Impact Management.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A, Series B
  • Geography: India, United States, Mexico

Investor stats

  • Total investments: 133
  • Round size: Seed $500k–$6.4M; Series A $2.6M–$17M; Series B $8M–$30M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Billpocket — Billpocket convierte tu smartphone o tablet en una terminal punto de venta. Ya no tienes que esperar al banco y pagar exageradas cuotas de mantenimiento, fianzas y papel para poder cobrar con tarjeta. Simplemente necesitas una cuenta bancaria a donde puedas recibir tus cobros con tarjeta de débito y crédito.
  • Cashinvoice — Cashinvoice connects supply chain stakeholders and digitises invoice-to-cash processes to unlock working capital trapped within supply chains and accelerate business growth
  • Pintek — Pintek is a financial technology company aiming to democratise access to education in Indonesia through affordable and flexible credit.
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Pavilion Capital
VC Fund · New York, New York, United States · 2 investments in Indonesia Hardware startups

Provides growth equity to market leading companies in the United States and China

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Investment focus

  • Industry: Biotechnology, Health Care, Information Technology
  • Stage:Series B, Series A, Series C
  • Geography: United States, Japan, Singapore

Investor stats

  • Total investments: 75
  • Round size: Series A $2M–$90M; Series B $18M–$425M; Series C $35M–$255M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2018

Portfolio highlights

  • Rebellions — AI chip architects are often inattentive to advanced deep learning features and requirements because they believe software stacks between their silicon and algorithms can provide effective abstract layers. We disagree. We do not think such naively designed chips can efficiently utilize expensive custom silicon resources. The more native hardwaresupports are enabled, the higher performance is achieved.Rebellions Inc is building genuine AI accelerators by bi-directionally bridging the gap between underlying silicon architectures and deep learning algorithms. We push algorithm boundaries to better exploit silicon budgets, while re-architecting AI processors to incorporate sophisticated deep learning features through silicon-dedicated DL kernels.Our goal is to deliver a domain-specific AI processor along with its optimized software. This approach, together with our unique decentralized programming model, will enable customers to arm with the most powerful yet energy-efficient AI hardware as well as seamless integration.
  • Lhoopa — Making homeownership achievable for every Filipino family.
  • Fleet Space Technologies — Fleet is an agile, next generation connectivity company. Our mission is to Connect Everything using cutting-edge communications and space technologies to maximise the resource efficiency of human civilisation and enable the next industrial revolution with our free, ubiquitous connectivity platform.
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Future Creative Network
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Hardware startups

Empowering local creative founders to shape the creative economy and serve the next billion customers.

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Investment focus

  • Industry: Virtual Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.
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Central Capital Ventura
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Hardware startups

Central Capital Ventura (CCV) is the venture and innovation arm of Indonesia's largest private bank, Bank Central Asia

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Series A, Seed, Series B
  • Geography: Indonesia, Singapore, Australia

Investor stats

  • Total investments: 22
  • Round size: Series A $3M–$44M; Series B $60M–$80M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Jutsoo — Jutsoo is a software development company that provides treasury management and financial data analysis solutions.
  • Railsr — Railsbank. REDEFINING THE POSSIBILITIES - We go beyond financial transactions, to deliver digital experiences your customers love.
  • Sinbad Indonesia — Solusi belanja grosir online untuk menyuplai stok toko Anda dari distributor utama. Aplikasi Sinbad membuat belanja grosir online dijamin lebih hemat dan mudah.
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Indonesia Hardware 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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Prasetia Dwidharma
VC Fund · Jakarta Pusat, Jakarta Raya, Indonesia · 2 investments in Indonesia Hardware startups

PT Prasetia Dwidharma was founded in 2008 as a telecommunication infrastructure contractor. The company has started to invest in technology startups since 2013.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 55
  • Round size: Seed $500k–$3.3M; Pre-Seed $100k–$1.5M; Series A $3M–$15M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Dataform — Develop and operationalize scalable data transformations pipelines in BigQuery using SQL.
  • TouchTen — Touchten is a mobile game company founded in 2009.We produce games that have been downloaded by millions of users worldwide. We are the only game company in Indonesia that have reached top 10 iOS market on several occasions. We have developed over ten titles since our establishment in 2009. In the last ten games that we publish, 50% penetratedthe top 10 app rank and 70% made it in the top 50 app Overall category in iTunes U.S.. This goes to show our lean core team of 14 has what it takes to make a big splash in the global market.
  • Litimetrics — Litimetrics is a legal technology engine for attorneys. They empower attorneys and litigants to make better decisions based on insights about durations, outcomes and behavioral patterns. The insights are based on machine learning and statistics on law firms, attorneys and judges mined from millions of pages of court records.
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LINE Ventures
VC Fund · Shinjuku, Yamanashi, Japan · 2 investments in Indonesia Hardware startups

LINE Ventures is a venture capital investment firm that invests in games, internet advertising, and flexible investment fields.

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Series A, Series B
  • Geography: Japan, Indonesia, Thailand

Investor stats

  • Total investments: 41
  • Round size: Series A $3.7M–$567M; Series B $5M–$170M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $688M in 2015

Portfolio highlights

  • Mellia — Mellia is a beauty company that provides cosmetics, body care products, and supplements.
  • Stacked — Stacked is a new membership platform where fans get the most out of their support for creators.
  • Sunday — Founded in Thailand in 2017, Sunday is the first full-stack InsurTech group adopting data models and technology to offer multiple insurance products and services across the entire customer journey. The company provides auto insurance, health insurance, and travel insurance.Sunday reinvents the entire insurance offering and experience to ensurethat customers' needs are met anytime, anywhere.
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Gan Kapital
VC Fund · 2 investments in Indonesia Hardware startups

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

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Indonesia, Singapore

Investor stats

  • Total investments: 24
  • Round size: Seed $50k–$2.3M; Pre-Seed $50k–$800k
  • 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
  • Chickin — Perusahaan agritech yang menyediakan solusi terintegrasi untuk membantu peternak mencapai hasil panen yang optimal dan meningkatkan keuntungan
  • Protos Labs — Unify cyber risk data for actionable insights and reduced exposure with the Nexus integrated cyber risk analytics platform by Protos Labs.
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MDI Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware 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, FinTech, E-Commerce
  • Stage:Seed, Series B, Series A
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 104
  • Round size: Seed $500k–$6.4M; Series A $3.5M–$35M; Series B $5.2M–$75M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — fund raised 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.
  • ObserveIT — ObserveIT helps organizations identify and eliminate insider threats.With more than 1,600 global customers across all major verticals, ObserveIT is an insider threat monitoring and prevention solution that empowers security teams to detect insider threats, streamline the investigation process, and prevent data exfiltration.The company isheadquartered in Boston, Massachusetts, United States.
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BANSEA
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

BANSEA was establised in 2001 by a group of Singapore-based angel investors. BANSEA has network connections to angel groups in China, India, Malaysia and Thailand, as well as close links to groups in Europe and the US. Our members have investment experience spanning multiple sectors and a track record in building successful companies.BANSEAorganises 10 to 12 events in a year for our members to meet and listen to short pitches by start-ups shortlisted by our Screening Committe. Members may or may not invest as a group. While there could be collaboration on due dilligence, members exercise autonomy in making investment decsions. Start-ups that have successfully raised seed capital through our members also benefit from their value-added mentoring. Members benefit from an informed and collaborative approach to angel investing.

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Investment focus

  • Industry: B2B, SaaS, Software
  • Stage:Seed, Pre-Seed
  • Geography: Indonesia, Singapore, Togo

Investor stats

  • Total investments: 12
  • Round size: Seed $150k–$2.6M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Markopolo AI — Markopolo is a complete paid marketing suite that helps you launch targeted ads in seconds. Generate the perfect creative and AI-powered copy, schedule posts ahead of time to save time and get real-time analytics on how well they perform! If you’re looking for a smarter, faster way to create ads and automate the boring parts of ad management,there’s a tool you need to meet.We have built the software for cookieless era. We use server side pixel to gather lossless data from each and every attribution point. Business that adopt Markopolo see 34% reduction in Cost per click, 41% increase in Conversion rate and 30% increase in Budget spending efficiency within first few campaigns. These are the benchmarks achieved with the algorithms behind Marokopolo, and we have just started! We provide an end to end solution in Paid Marketing, which is critical for a modern marketing team manager to improve efficiency. Finding the right audience to target is a complicated science that we have cracked at Markopolo. We have a patent pending status in USPTO on it. Lastly getting real-time analytics from all these platforms and actionable suggestions from Markopolo algorithm completes the whole user journey.Features: - Integrates with Facebook, Instagram, Google Ads and YouTube - Built in Campaign Manager for scheduling and managing all the ads from one place - Ad Engine that monitors and optimises all the Ads 24/7 - Suggestion Engine that guides like a professional marketer - Get a holistic overview of all the metrics from all the campaigns in one dashboard - Ad Maker that comes with AI Generated Copy and Creatives - Targeting AI generates custom Audience presets - GDPR Compliant1,000+ businesses use Markopolo to automate their campaign creation and management in Social and Search Ad platforms.Try us out- https://www.markopolo.ai/Watch our product demo- https://www.youtube.com/watch?v=0VExF-j9sdg&t=87sWatch this how to get started video series- https://www.youtube.com/watch?v=VyFsYkb4YvQ&list=PLG1FKDs4H_wGH0NfxNflJgr0WVzn6m8Pj
  • Blitz Electric Mobility — Blitz provides electric vehicles and fleet management software to food and beverage delivery, courier, and logistics companies.
  • KalPay — KalPay is the largest Shariah Compliant Buy Now Pay Later in Pakistan, giving our customers easy access to credit and allowing them to purchase products in 3 monthly installments. We have a portfolio of hundreds of brands spread across multiple segments!
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Kejora Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

We are the catalyst for Asia’s brightest founders to build successful, high-growth leading companies across the region. Founded in 2014, Kejora is the leading venture capital firm that operates in the largest tech ecosystem in Southeast Asia. Since operating, Kejora has invested in over 35 startups in Asia and created more than 91,000 jobsglobally. We are continuously focused on investing, building, and growing highly scalable businesses.

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Investment focus

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

Investor stats

  • Total investments: 33
  • Round size: Seed $15k–$8.2M; Series B $30M–$170M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2020

Portfolio highlights

  • GoCement — Tempatnya jual beli bahan bangunan online terlengkap berkualitas dan harga murah di Indonesia. Cari kebutuhan alat dan bahan bangunanmu, hanya di GoCement
  • Unravel Carbon — Unravel Carbon is a enterprise software for companies to track and reduce their carbon emissions, specialising in Asia's businesses and supply chains.
  • Sicepat Express — Sicepat Express provides several services to support businesses and puts forward practical solutions for e-commerce. SiCepat Ekspres has branches and outlets spread across cities in Indonesia. The company currently provides last-mile, warehousing and fulfillment, commerce-enabling services, online distribution, and middle-mile logistic.It wasfounded in 2004 and headquartered in Jakarta Pusat, Jakarta Raya.
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Antler
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware 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: 1821
  • Round size: Seed $186k–$4.6M; Pre-Seed $108k–$755k; Series A $4.6M–$28M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Deja — Modern Rituals & Natural Products from the Ancient Science of Ayurveda
  • Enoki Inc — Multiplayer-enabled tools for developers. Enoki has 18 repositories available. Follow their code on GitHub.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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Amand Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

Amand Ventures is an investment holding company focusing on early stage startup investments.

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Investment focus

  • Industry: Software, Retail, Financial Services
  • Stage:Seed, Series A, Convertible Note
  • Geography: Indonesia, Singapore

Investor stats

  • Total investments: 5
  • Round size: Seed $1.7M–$2.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pi-xcels — Eco-friendly NFC digital receipts solution for actionable shopper data and enhanced customer journeys. No App, Just Tap. With one-tap convenience, Pi-xcels unlocks omni-channel marketing opportunities and boosts performance for retailers with our customer intelligence platform.
  • Verihubs — Kembangkan infrastruktur digital perusahaan dengan sistem keamanan yang otomatis dan terintegrasi di Verihubs untuk kelancaran bisnis Anda.
  • CredShields — Established in 2021, CredShields is a Web 3.0 Security organization providing best-in-class auditing services and building affordable and accessible products to cater to the needs of the growing blockchain space. Launched in March’21, SolidityScan is CredShields’ flagship product, built by a team of renowned security experts with strong backgroundsand notable work in the cybersecurity industry. SolidityScan is a one-stop platform to perform smart contract scans, source code vulnerability analysis, and automated smart contract security audits. Built for Web 3.0 Developers, Auditors, and Organizations to monitor projects in real-time and improve their security posture over time.
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1982 Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

Early stage venture capital investor focused on fintech in Southeast Asia

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Investment focus

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

Investor stats

  • Total investments: 62
  • Round size: Seed $1.8M–$5.6M; Pre-Seed $1.2M–$3.2M; Series A $4.1M–$8.5M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

  • ForU AI — ForU AI operates as a real-world AI agent.
  • Monit — Monit menggabungkan manajemen kas, pembayaran bisnis, kontrol pengeluaran, dan kartu kredit korporat dalam satu pengalaman terintegrasi
  • CrediLinq.Ai — CrediLinq.Ai is revolutionizing SME lending using AI and machine learning. They Linq artificial intelligence & machine learning with credit underwriting.
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DS/X Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

DS/X Ventures is an investment firm that uses data, expertise, and a huge array to find and aid startups who want to go global. Founded in 2022 and is based in Singapore.

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Investment focus

  • Industry: Information Technology, B2B, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Indonesia, Singapore

Investor stats

  • Total investments: 5
  • Round size: Seed $1M–$4.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Baskit — baskit | Empowering wholesalers and distributors with the world's first cloud-native all-in-one app
  • Cazh Cards — Cazh Cards: sistem keuangan pondok pesantren, kartu santri digital, manajemen uang saku, cashless kantin, PPDB online, SPP digital & aplikasi setoran hafalan Al Quran.
  • Finfra — From application to decisioning to operations - FINFRA provides the necessary infrastructure and services for technology companies to embed financial services to their environment through a seamless integration.
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Agaeti Venture Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

Agaeti Venture Capital is an early stage venture capital firm

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Investment focus

  • Industry: Software, Logistics, Food Delivery
  • Stage:Series A, Seed, Series B
  • Geography: Indonesia, Singapore, Bangladesh

Investor stats

  • Total investments: 14
  • Round size: Series A $7.8M–$28M
  • Lead/follow: 7% lead, 93% follow

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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BADideas.fund
VC Fund · 1 investments in Indonesia Hardware startups, 10 in the past 12 months

BADideas.fund backs bold founders from the Baltics and CEE with fast, founder-friendly funding. Led by a community of unicorn builders, we support early-stage B2B and marketplace startups with global ambition.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 38
  • Round size: Seed $540k–$4.6M; Pre-Seed $110k–$1.3M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Tapaya — Tapaya is a fintech infrastructure company that provides payment acceptance software designed to turn any device into a payment terminal.
  • Spotwise.ai
  • WhiteBridge AI — Whitebridge.ai will find everything about you online and provide you with a report. Check your online reputation or research people using AI. We help transform scattered online data into a coherent narrative of a your digital identity so that you can safeguard your reputation, understand prospects, prepare for pitches, hire wisely, and verify authenticity.
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500 Southeast Asia
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

Started in 2010 with its flagship early-stage startup accelerator, 500 Global is the most active global venture capital firm known for its various funds and founder programs across the globe. The firm has grown to a family of over 23 funds and has invested in over 2400 companies internationally.

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Investment focus

  • Industry: Artificial Intelligence, FinTech, Software
  • Stage:Seed, Series A, Series D
  • Geography: Singapore, Indonesia, Malaysia

Investor stats

  • Total investments: 28
  • Round size: Seed $787k–$4M; Series A $7M–$15M; Series D $92M–$170M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $18M in 2021

Portfolio highlights

  • Chickin — Perusahaan agritech yang menyediakan solusi terintegrasi untuk membantu peternak mencapai hasil panen yang optimal dan meningkatkan keuntungan
  • Edukita — Kelas interaktif edukita untuk belajar bahasa inggris dengan guru native dan matematika dengan kurikulum jepang. Edukita - Belajar Bahasa Inggris dengan Menyenangkan.
  • Persona Studios — AI assistants that automate repetitive business conversations and connect to your existing CRM, ATS and other systems.
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Bamboo Sea Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

Bamboo Sea Ventures is the venture arm of a Singapore-headquartered consulting and corporate services firm with a mission to support tech startups in South East Asia.

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Investment focus

  • Industry: Big Data, Internet, Software
  • Stage:Seed, Pre-Seed, Corporate Round
  • Geography: Singapore, Indonesia, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Doyobi — Free 6-Week Cohorts. Live Sessions In The Metaverse For Kids 8-12. Where Kids Learn Critical Thinking Through Constant Decision-Making
  • MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!
  • Origin Protocol — Origin Protocol is bringing NFTs and DeFi to the masses
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Investa Syailendra Nuswatara
VC Fund · 1 investments in Indonesia Hardware startups

Investa Syailendra Nuswatara is an investment firm.

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Investment focus

  • Industry: Virtual Reality, Augmented Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Shinta VR — SHINTA VR | The World Class Metaverse & Virtual Reality Company
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Vulpes Investment Management Pte Ltd
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

At Vulpes, we think differently. We create long-term sustainable capital appreciation by welcoming co-investment and aligning incentives. We choose to be patient and invest in ways that are profitable, yet with benefits that are not solely financial.

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Investment focus

  • Industry: Internet, Health Care, B2B
  • Stage:Seed, Series A, Convertible Note
  • Geography: United Kingdom, Vietnam, Australia

Investor stats

  • Total investments: 28
  • Round size: Seed $1M–$8M; Series A $2M–$15M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Scancell — Scancell is a clinical stage immunotherapy biotech developing treatments for significant unmet needs in cancer.
  • Proteome Sciences — Proteome Sciences is a London (UK) and Frankfurt (Germany) based SME with expertise in proteomics and biomarker research. We have discovered and patented a large number of novel protein biomarkers for diagnosis, prognosis and treatment of key human diseases including neurodegenerative disorders, cancer, stroke etc. and provide protein biomarkerservices to pharmaceutical and diagnostics companies.
  • Oxford Endovascular — Oxford Endovascular are developing a novel treatment for treating brain aneurysms. The Oxford technology uses a special laser-cut metal alloy which has a shape-memory. It can be posted into a catheter during surgery, inserted into the brain and opened up into a tiny tube mesh (‘flow diverter’) that fits into the natural shape of the blood vessel.This diverts the blood away from the aneurysm, allowing it to heal.
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Sinar Mas Digital Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

Sinar Mas Digital Ventures is a corporate venture capital firm that invests in technology companies.

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Investment focus

  • Industry: Lifestyle, Logistics, Supply Chain Management
  • Stage:Series A
  • Geography: Indonesia

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Jala Tech — JALA helps shrimp farmers increase cultivation production and efficiency in the shrimp industry.
  • Paxel.co — Kirim Sameday Delivery antarkota dengan ongkir FLAT s/d 5 kg hingga kirim paket berat s/d 20kg pakai PaxelBig. Ada Jaminan Makanan Aman bahkan untuk Frozen Food
  • Gift Card Indonesia — Gift Card Indonesia provides gift cards, membership cards, and coupons from various brands in Indonesia.
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Khoo Investment
VC Fund · 1 investments in Indonesia Hardware startups

Khoo Investment is an investment firm.

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Investment focus

  • Industry: B2B, Big Data, Logistics
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!
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EV Growth
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Hardware startups

EV Growth is a growth fund that specializes in providing growth capital to startups and businesses. EV Growth is a joint venture between East Ventures, SMDV, and YJ Capital that is focused on providing growth capital to startups in Indonesia and the rest of Southeast Asia with an agnostic industry focus. EV Growth has one of the largest networks ofcompanies and partners in the region and has invested in more than 16 portfolio companies since its first close in April 2018.EV Growth aims to bridge the gap in VC growth funding with the ultimate goal of creating a well-diversified portfolio of Southeast Asia early growth tech stage leaders. Leveraging Sinar Mas' deep business knowledge and combined with East Ventures' reputation as one of the leading VCs with the largest seed and Series A portfolios in the region as well as YJ Capital's long experience in the Internet industry, EV Growth has unrivaled access and insight into upcoming trends and opportunities in the industry

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Investment focus

  • Industry: FinTech, Financial Services, Internet
  • Stage:Series B, Series C, Series A
  • Geography: Indonesia, Singapore, Thailand

Investor stats

  • Total investments: 35
  • Round size: Series A $11M–$28M; Series B $12M–$45M; Series C $12M–$360M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Mekari — Akselerasikan pertumbuhan bisnis dengan automasi operasional, integrasi tanpa hambatan, dan intelligent reporting berbasis AI dari Mekari.
  • Xendit — Xendit is the best and most secure online payment gateway in the SEA, helping your business accept and send local & international payments.
  • Fuse — Fuse is an insurance application that will allow you to do all insurance activities. One mobile application and a variety of interesting features, such as registering as a partner, comparing policies, and selecting the best policy to protect the future. Smart insurance innovation that is paperless.
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MassiveMusic
VC Fund · New York, New York, United States · 1 investments in Indonesia Hardware startups

MassiveMusic is an international creative music agency offering sonic branding, music composition and music production for advertising, with offices in Amsterdam, London, Berlin, Warsaw, New York, Los Angeles, Tokyo, Singapore and Sydney.

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Investment focus

  • Industry: Virtual Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.
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Infia Media Pratama
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

Infia Media Pratama is an advertising and marketing company located in Jakarta.

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Investment focus

  • Industry: Virtual Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.
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Real Tech Japan
VC Fund · Sumida, Tokyo, Japan · 1 investments in Indonesia Hardware startups

Real Tech Japan is a venture capital firm that seeks to invest in innovative R&D technology companies. Realtech Fund is a joint venture between the Ministry of Economy, Trade, and Industry and NEDO (New Energy and Industrial Technology Development Organization). The firm was founded in 2014 and based in Tokyo, Japan.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Medical
  • Stage:Series A, Seed
  • Geography: Japan, Singapore, Austria

Investor stats

  • Total investments: 79
  • Round size: Seed $1.2M–$43M; Series A $6M–$241M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Ashirase — Ashirase is a developer of a walking navigation system for the visually challenged. The company assists visually impaired people in walking independently. This also allows the user to have more attention to spare for audible warnings in their environment. It includes voice input and guidance via a smartphone app. A vibration interface is attachedto their shoes.
  • Ken Robotec — Ken Robotec is a construction company that provides labor-saving solutions.
  • MaterialGate — MaterialGate focuses on single-molecule dielectrics, developing technologies for devices with better electronic characteristics.
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Tigalapan Investama Group
VC Fund · 1 investments in Indonesia Hardware startups

https://tigalapan-investama.com/wp-content/uploads/2026/02/0223.mp4https://tigalapan-investama.com/wp-content/uploads/2026/02/0223.mp4 Mewujudkan Kedaulatan Energi hingga Pelosok Negeri EMPOWERING GROWTH Tigalapan Investama Group berkomitmen menjadi grup investasi terdepan yang mengintegrasikan keunggulan operasional dengan tata kelola profesional. Melalui portofolio bisnis yang terdiversifikasi, kami fokus menghadirkan solusi strategis yang tidak hanya memberikan keuntungan finansial, tetapi juga menciptakan ekosistem bisnis yang tangguh dan berkelanjutan bagi Indonesia. Selengkapnya Click Here [...]

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Investment focus

  • Industry: Virtual Reality, Augmented Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Shinta VR — SHINTA VR | The World Class Metaverse & Virtual Reality Company
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Lightspeed Venture Partners
VC Fund · Menlo Park, California, United States · 1 investments in Indonesia Hardware startups

Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: United States, India, Israel

Investor stats

  • Total investments: 1193
  • Lead/follow: no public data

Portfolio highlights

  • Suno — Suno is a music start-up that enables anyone to make the songs they want. The company aims to help people rediscover the joy of play and exploration.
  • Landed — LANDED makes hiring top-notch candidates onto your team effortless.
  • Periodic Labs — Periodic Labs develops artificial intelligence systems that simulate and predict the properties of materials using machine learning. The company applies computational models to support the discovery and design of materials used in sectors such as energy, electronics, and infrastructure. It builds tools that aim to reduce the time and costassociated with traditional research and development processes. Periodic Labs uses AI to analyze large-scale scientific data and collaborates with academic and industry partners to support material science research.
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ORZON Ventures
VC Fund · Phuket, Phuket, Thailand · 1 investments in Indonesia Hardware startups

ORZON Ventures is a venture capital firm that focuses on investing in promising start-up companies. The company is located in Thailand.

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Investment focus

  • Industry: Restaurants, Food and Beverage, Hardware
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Thailand, Indonesia, Singapore

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • GlobalTix — GlobalTix is an online electronic ticketing platform for merchants and travel agents. it also provides customized solutions for online stores and mobile apps.The platform manages the sale and redemption of e-tickets to tourist attractions. It also helps the park earn more revenue by running promotions, connecting with a much wider network oftravel agents across the continent, and introducing a tiered-pricing model. Partners, such as travel agents and hotel concierges, will be able to access a one-stop-shop for their travel needs, customize their own packages, and re-distribute to their own sub-agents.GlobalTix was co-founded by brothers Chan Chee Chong and Chan Chee Kong in 2014. The company is based in Singapore.
  • Ai Palette — Accelerate your brand's growth with our AI-powered platform. Discover, launch, and elevate products faster and more cost-effectively with data-driven insights.
  • Jago Coffee — Jago Coffee serves freshly brewed coffee beverages wherever you are through a fleet of fully electric mobile cafes.
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D Global Ventures
VC Fund · 1 investments in Indonesia Hardware startups

D Global Ventures is an investment firm.

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Investment focus

  • Industry: B2C, Travel, Delivery
  • Stage:Pre-Seed, Series A
  • Geography: Namibia, United Kingdom

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Jabu — We are revolutionizing business transactions in the continent's cash economy by digitizing cash through smart devices & our JabuPay wallet.
  • Mala Inc. — This is meta description
  • Jago Coffee — Jago Coffee serves freshly brewed coffee beverages wherever you are through a fleet of fully electric mobile cafes.
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Emtek Group
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

Emtek, Elang Mahkota Teknologi

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Investment focus

  • Industry: E-Commerce, Internet, Apps
  • Stage:Series A, Seed, Series B
  • Geography: Indonesia, Singapore, Malaysia

Investor stats

  • Total investments: 28
  • Lead/follow: no public data

Portfolio highlights

  • AMILI — Asian Microbiome Library microbiome company and a stool bank serving as a hub for gut microbiome therapy.
  • Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.
  • Mangkokku — Welcome to the home of no. 1 Rice Bowl in Indonesia! Bersih, Merakyat, Nikmat Nyata. A culinary startup founded by Chef Arnold Poernomo, Randy J Kartadinata, Kaesang Pangarep, and Gibran Rakabuming. See our menu, locations, promos, and more!
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Trinity Optima Production
VC Fund · Melawai, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

Trinity Optima Production is a record label and artist management company.

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Investment focus

  • Industry: Virtual Reality
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.
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Brightness Capital
VC Fund · 1 investments in Indonesia Hardware startups

Brightness Capital is an investment firm.

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Investment focus

  • Industry: B2B, Big Data, Logistics
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!
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Conservation International Ventures
VC Fund · Arlington, Virginia, United States · 1 investments in Indonesia Hardware startups

Conservation International Ventures LLC ("CI Ventures") is an impact-first investment vehicle

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Investment focus

  • Industry: Software, Agriculture, Aquaculture
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, Chile, Egypt

Investor stats

  • Total investments: 10
  • Round size: Seed $250k–$2.8M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Abalobi — Abalobi is a co-designed and fisher-driven mobile app suite to transform small-scale fisheries governance from hook to cook. It is aimed at social justice and poverty alleviation in the small-scale fisheries chain, transformation in the way knowledge is produced, stewardship of its marine resources, and resilience-building in the face of climatechange. Promoting traceable, storied seafood by empowered small-scale fishers from hook to cook, in a manner that is not only ecologically responsible but also socially fair.
  • BIRD NEST — BIRD NEST is a Co-Living Startup that provides a holistic living experience that drives personal & professional development.
  • Wittaya Aqua — Most aquaculture farms around the world use outdated paper- or spreadsheet-based production management systems to run their farm. This means that the data generated by farms is not being effectively used for benchmarking, forecasting and optimization. Although it is the standard in the agriculture, dairy and swine industries, data-driven decisionmaking has not yet become commonplace in aquaculture. Aquaculture is the fastest growing food sector in the world; as the industry continues to grow, farmers need tools to help them track, measure and optimize their operations.
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Hardware VC funding in Indonesia at a glance

Stats across 61 deals from 90 investors.

90
investors
in Indonesia Hardware startups
61
deals
in Indonesia Hardware startups
$5M
median round
in Indonesia Hardware startups
32%
lead investors
lead at least one round
39%
Seed
most common funding stage

Access all 90 VC funds in Indonesia Hardware startups.

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