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Top 50 Hardware VC Funds & Investors in Indonesia (August 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 Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Insignia Ventures Partners
VC Fund
5 Indonesia, Singapore, Vietnam Seed, Series A, Series B Financial Services, FinTech, Software $50k–$63M
East Ventures
VC Fund
5 Japan, Indonesia, Singapore Seed, Series A Software, Information Technology, Internet $473k–$35M
Mirova
VC Fund
5 France, United States, India Venture - Series Unknown, Debt Financing Energy, Renewable Energy, Farming $1.6M–$195M
BEENEXT
VC Fund
4 India, Indonesia, Japan Seed, Series A, Series B Software, E-Commerce, FinTech $545k–$50M
Init 6
VC Fund
4 Indonesia, Singapore, Pakistan Seed, Pre-Seed, Series A Financial Services, Information Technology, FinTech $1M–$18M
Accion Ventures
VC Fund
3 India, United States, Mexico Seed, Series A, Series B Financial Services, FinTech, Finance $500k–$30M
Future Creative Network
VC Fund
3 Indonesia Seed, Pre-Seed Virtual Reality
Intudo Ventures
VC Fund
3 Indonesia, Singapore, Hong Kong Seed, Series A, Series B FinTech, Financial Services, Marketplace $845k–$66M
UntroD Capital
VC Fund
3 Japan, Singapore, Austria Seed, Series A Manufacturing, Biotechnology, Health Care $772k–$90M
GK-Plug and Play Indonesia
VC Fund
3 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Software, Financial Services, Artificial Intelligence $50k–$12M
Cento Ventures
VC Fund
3 Singapore, Malaysia, Indonesia Series A, Seed, Series B Information Technology, FinTech, Software $580k–$21M
UMG IdeaLab
VC Fund
3 Indonesia Seed Information Technology, Consulting, Artificial Intelligence
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
Prasetia Dwidharma
VC Fund
3 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $100k–$15M
SMDV
VC Fund
3 Indonesia, Thailand, Singapore Series A, Seed, Series B E-Commerce, Information Technology, Software $1.5M–$45M
Vertex Ventures Southeast Asia & India
VC Fund
3 India, Singapore, Indonesia Series A, Series B, Seed E-Commerce, SaaS, FinTech $2.2M–$45M
Amand Ventures
VC Fund
2 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Software, Retail, E-Commerce $100k–$20M
Gan Kapital
VC Fund
2 Indonesia, Singapore Seed, Pre-Seed, Venture - Series Unknown Financial Services, Software, FinTech $50k–$2.6M
Infia Media Pratama
VC Fund
2 Indonesia Seed, Pre-Seed Virtual Reality
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Pavilion Capital
VC Fund
2 United States, Japan, Singapore Series B, Series A, Series C Biotechnology, Health Care, Information Technology $2M–$200M
Central Capital Ventura
VC Fund
2 Indonesia, Singapore, Australia Series A, Seed, Series B Financial Services, FinTech, Software $2.8M–$80M
LINE Ventures
VC Fund
2 Japan, Indonesia, Thailand Series A, Series B Software, E-Commerce, Information Technology $2.9M–$567M
Monk’s Hill Ventures
VC Fund
2 Singapore, Indonesia, Vietnam Series A, Seed, Series B E-Commerce, Financial Services, Information Technology $1.1M–$20M
Spiral Ventures
VC Fund
2 Japan, India, Indonesia Seed, Series A, Series B E-Commerce, Information Technology, Internet $500k–$103M
Teja Ventures
VC Fund
2 Indonesia, Singapore, India Seed, Pre-Seed, Series A Information Technology, Wellness, Education $250k–$20M
PT Ekonomi Baru Investasi Teknologi
VC Fund
2 Indonesia Seed, Pre-Seed, Private Equity Video, Video Streaming, Virtual Reality
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
BADideas.fund
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Grant Software, Information Technology, Artificial Intelligence $110k–$4.6M
Mercy Corps Ventures
VC Fund
1 Kenya, United States, Colombia Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology
Fintech Nation
VC Fund
1 Singapore, Indonesia Seed, Debt Financing Legal, FinTech, Software $1M–$1.1M
Bamboo Sea Ventures
VC Fund
1 Singapore, Indonesia, United States Seed, Pre-Seed, Corporate Round Big Data, Internet, Software
Antler
VC Fund
1 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Blue Bird Group
VC Fund
1 Indonesia, Singapore Seed Retail, E-Commerce, Wholesale
Vulpes Investment Management Pte Ltd
VC Fund
1 United Kingdom, Australia, Vietnam Seed, Series A, Post-IPO Equity Health Care, FinTech, Biotechnology $1M–$16M
Tigalapan Investama Group
VC Fund
1 Indonesia Seed Virtual Reality, Augmented Reality
EV Growth
VC Fund
1 Indonesia, Singapore, Japan Series B, Series C, Series A FinTech, Financial Services, Internet $11M–$360M
BANSEA
VC Fund
1 Indonesia, Singapore, Togo Seed, Pre-Seed B2B, SaaS, FinTech $150k–$2.6M
Agaeti Venture Capital
VC Fund
1 Indonesia, Singapore, Bangladesh Series A, Seed, Series B Software, Logistics, Food Delivery $7.8M–$28M
Real Tech Japan
VC Fund
1 Japan, Singapore, Austria Seed, Series A Manufacturing, Biotechnology, Robotics $1.2M–$213M
Mitsubishi Corporation
VC Fund
1 Japan, United States, United Kingdom Corporate Round, Series A Software, Energy, Manufacturing $3M–$2.8B
Astor Investment Management
VC Fund
1 India, Indonesia, Singapore Seed Big Data, Logistics, Warehousing $1.2M–$3.3M
Khoo Investment
VC Fund
1 Indonesia Seed B2B, Big Data, Logistics
MassiveMusic
VC Fund
1 Indonesia Seed Virtual 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
Access all 125 VC funds in Indonesia Hardware startups.

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

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Investor list

Insignia Ventures Partners
VC Fund · Singapore, Central Region, Singapore · 5 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: 152
  • Round size: Seed $50k–$13M; Series A $4.3M–$26M; Series B $12M–$63M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Diaflow — The ultimate intelligent platform for business processes automation via internal tools & apps
  • Konvy — Konvy.com is a beauty e-commerce platform that provides cosmetics and skincare products. Konvy.com products include skin creams, makeup accessories, perfume, food supplements, and many more. L'Oréal, Shiseido, Sulwhasoo, Eucerin, and La Roche-Posay are among its brands.
  • 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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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: 523
  • Round size: Seed $473k–$13M; Series A $2M–$35M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Reject — Reject is an esports firm that focuses on management of its team REJECT, players, apparel business, and event management services.
  • Holo-X — Holo-X provides augmented, virtual, and mixed realities services and products.
  • Hyper8 — Hyper8 has been expanding Mespo through profits earned by operating social events.
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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, Farming
  • Stage:Venture - Series Unknown, Debt Financing
  • Geography: France, United States, India

Investor stats

  • Total investments: 70
  • Round size: Debt Financing $10M–$91M; Venture - Series Unknown $1.6M–$195M
  • Lead/follow: 56% lead, 44% 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.
  • Greenway — Everything for charging EVs & the largest network of EV chargers in our region. We also sell, lease, install, and operate charging stations for 3rd parties.
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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, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: India, Indonesia, Japan

Investor stats

  • Total investments: 333
  • Round size: Seed $545k–$7.9M; Series A $2.4M–$28M; 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

  • 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.
  • Quadric — quadric.io is a Burlingame, CA-based processor technology company. The q16 Processor is the most comprehensive AI processor that handles any AI and high-performance edge workload.
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Init 6
VC Fund · Jakarta, Jakarta Raya, Indonesia · 4 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: 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

  • Codemi — Learning Hub untuk Perusahaan. Portal pembelajaran yang dilengkapi materi dari para ahli di Indonesia untuk membantu perusahaan mengembangkan pengetahuan
  • Monit — Monit menggabungkan manajemen kas, pembayaran bisnis, kontrol pengeluaran, dan kartu kredit korporat dalam satu pengalaman terintegrasi
  • One% Nutrition — One% Nutrition is a food and beverage brand focused on health and wellness.
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Accion Ventures
VC Fund · Washington, District of Columbia, United States · 3 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: 143
  • Round size: Seed $500k–$6.4M; Series A $2.5M–$17M; Series B $8M–$30M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Jeitto — Jeitto is an app that joins the loan with the possibility of doing cell recharges and paying bills, aiming to transform people's financial experience with credit and convenience. The company was founded in 2014 and is based in Sao Paulo, Brazil.
  • Kuunda — Kuunda provides consulting, liquidity management, data insight tools enabling users to fulfill financial needs through a digital platform.
  • 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.
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Future Creative Network
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 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, Pre-Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 3
  • 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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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 $4M–$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.
  • 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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UntroD Capital
VC Fund · Sumida, Tokyo, Japan · 3 investments in Indonesia Hardware startups, 14 in the past 12 months

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: 138
  • Round size: Seed $772k–$28M; Series A $2.3M–$90M
  • 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.
  • Eco-Pork — Eco-Pork is a co-creation solution farm that supports farmers' food productivity improvement. It is connecting the pig and technology, pork ( Pork ) new business ecosystems ( Ecosystem By building a), in the pork growing demand around the world, to get the most out of the food supply capacity is finite.
  • IGrid Solutions — IGrid Solutions will promote “eDCM” to optimize power energy demand.
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GK-Plug and Play Indonesia
VC Fund · Setiabudi, Jakarta Raya, Indonesia · 3 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 — 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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Access 48,091 investors

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

Browse database — It's Free!
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, FinTech, Software
  • Stage:Series A, Seed, Series B
  • Geography: Singapore, Malaysia, Indonesia

Investor stats

  • Total investments: 36
  • Round size: Seed $580k–$5M; Series A $1.3M–$7.6M; 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 — An applied AI lab building the intelligence layer for global real estate investing. Underwriting and portfolio decisions grounded in verified transactions.
  • Feedme — FeedMe is a technology-driven SaaS company transforming restaurant operations across Southeast Asia. With a mission to make advanced technology accessible, we believe no restaurants are difficult to run, and no foods are difficult to find.
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UMG IdeaLab
VC Fund · Karet Teng Sien, Jakarta Raya, Indonesia · 3 investments in Indonesia Hardware 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, Consulting, Artificial Intelligence
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 20
  • Lead/follow: 0% lead, 100% 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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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: 7
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Jala Tech — JALA helps shrimp farmers increase cultivation production and efficiency in the shrimp industry.
  • PT. SIG ASIA — PT. SIG ASIA is a indonesian tuna processor.
  • 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.
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Prasetia Dwidharma
VC Fund · Jakarta Pusat, Jakarta Raya, Indonesia · 3 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, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 56
  • 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 — Propellerhead Hosting offers fast and reliable e-commere web hosting solutions backed by powerful servers, advanced security features, and expert level support. Launch your website with confidence today.
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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.
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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: 139
  • Round size: Seed $2.2M–$6.9M; Series A $3.5M–$14M; Series B $6.7M–$45M
  • 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 — KAKI4D bukan cuma menyediakan link alternatif sebagai formalitas. Mereka menjadikannya bagian dari keunggulan utama platform. Setiap link alternatif yang disiapkan bukan asal jadi melainkan dibangun dengan standar teknis yang sama persis dengan link utama.
  • Quantified Energy Labs — Quantified Energy Labs (QE LABS) is a deep tech spinoff company from the Solar Energy Research Institute of Singapore/National University of Singapore. We are a team of professionals with expertise in the fields of solar energy, computer vision, and drone technology.
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Amand Ventures
VC Fund · Singapore, Central Region, Singapore · 2 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, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 12
  • Round size: Seed $100k–$3.3M; Pre-Seed $100k–$1.2M; Series A $3M–$20M
  • 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.
  • AI Seer — Seer integrates authentication into information streams to check untruths. The company invented the world’s first Multi-Spectral Reality Detector (“MSRD”) and conducted more than 300 experimental sessions. MSRD is a groundbreaking advancement in cognitive and autonomic nervous system monitoring and credibility assessment that has been sold boththrough a paid pilot and as an MVP for a premium of more than half a million as a high-quality physical video collection and analysis system whose sensors enhance the senses of even polygraphers working to secure their nations.The company was seed-funded by Tim Draper, Draper Associates, and Amand Ventures.
  • CredShields — AI-powered audits and continuous pentesting - delivered at machine speed, verified by world-class human pentesters.
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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: Financial Services, Software, FinTech
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Indonesia, Singapore

Investor stats

  • Total investments: 32
  • Round size: Seed $50k–$2.6M; 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
  • 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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Infia Media Pratama
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 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, Pre-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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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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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–$67M; Series B $17M–$150M; Series C $35M–$200M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2018

Portfolio highlights

  • Rebellions — Drive AI Innovation. Simple. Fast. At Scale.
  • 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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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: 23
  • Round size: Seed $2.8M–$8.3M; Series A $3M–$45M; Series B $60M–$80M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Jutsoo — Upload a statement and Jutsoo captures, codes, and reconciles every transaction. You review and sign off.
  • MiyaHealth — MiyaHealth develops technologies to improve the healthcare experience for patients.
  • 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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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, Information Technology
  • Stage:Series A, Series B
  • Geography: Japan, Indonesia, Thailand

Investor stats

  • Total investments: 41
  • Round size: Series A $2.9M–$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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Monk’s Hill Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Hardware startups

We believe in great founders who will change millions of lives through technology.

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Investment focus

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

Investor stats

  • Total investments: 100
  • Round size: Seed $1.1M–$7.5M; Series A $3.1M–$20M; Series B $5M–$20M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • Elsa — Improve your English speaking skills. Pronounce English like an American through real-world conversations.
  • Libeara — Libeara is a financial service company that provides tokenization, financial assets, government securities, and savings services.
  • Saladin — Saladin is an online platform that provides life, health, automotive, and travel insurance services.
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Spiral Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Hardware 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, India, Indonesia

Investor stats

  • Total investments: 102
  • Round size: Seed $500k–$4.5M; Series A $1.5M–$62M; Series B $10M–$103M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Fragaria — Discover innovative farming practices and high-quality, year-round fruits in India with Fragaria's advanced agricultural technology.
  • SPUN — The most reliable online visa platform in Indonesia with 24/7 dedicated assistance and money-back guarantee.
  • Pruv Finance — The foundational layer for institutional-grade tokenization, bridging multichain ecosystems with DeFi-ready assets.
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Teja Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Hardware startups

Teja Ventures is a fund focused on the future of consumption in emerging Asia.

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Investment focus

  • Industry: Information Technology, Wellness, Education
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Indonesia, Singapore, India

Investor stats

  • Total investments: 24
  • Round size: Seed $1.7M–$7M; Pre-Seed $250k–$2.3M; Series A $5.3M–$20M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Ringkas — Ajukan KPR mu di Platform Ringkas via Digital dan Online, Telah Bekerjasama dengan 25+ Bank Partner
  • Summer — Summer International is a next generation Beauty, Health & Wellness Lifestyle company, headquarted in Los Angeles and South Korea.
  • Grouu Baby Food — Grouu Baby Foodis a gourmet baby food catering for babies aged 6 months and over. Grouu also provides various choices of food textures that can be adapted to the needs of babies at their developmental age.
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PT Ekonomi Baru Investasi Teknologi
VC Fund · 2 investments in Indonesia Hardware startups

PT Ekonomi Baru Investasi Teknologi is operates under the bola united.

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Investment focus

  • Industry: Video, Video Streaming, Virtual Reality
  • Stage:Seed, Pre-Seed, Private Equity
  • Geography: Indonesia

Investor stats

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

Portfolio highlights

  • Vidio — Streaming TV, film, serial, & olahraga favoritmu. Tayangan eksklusif lokal & internasional. Temukan pengalaman menonton yang #LebihDariHiburan di Vidio.
  • 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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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: 503
  • Round size: Seed $808k–$6M; Pre-Seed $100k–$2.5M; Series A $4M–$25M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • BON Credit — BON Credit's free AI helps you find money you're missing, pay less interest, improve your credit, and always know what to do next.
  • EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups
  • Orbital Sentry — Orbital Sentry delivers real-time wildfire detection and continuous geostationary monitoring to protect communities, reduce losses, and power next-generation risk intelligence. Our persistent infrared data helps insurers, governments, and first responders act faster and build true climate resilience
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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: 444
  • Round size: Series A $3M–$35M; Series B $6M–$48M; Series C $9.3M–$100M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Hotelogix — Best Hotel Management Software: Hotelogix that streamlines Front Desk, Bookings, & Reporting in a single cloud hotel software trusted by 25,000+ hotels globally.
  • 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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822 industries, 177 countries. Updated daily. Emails and phones included.

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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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Mercy Corps Ventures
VC Fund · Portland, Oregon, United States · 1 investments in Indonesia Hardware startups

Mercy Corps Ventures invests in and catalyzes venture-led solutions to increase the resilience of underserved individuals and communities. Founded in 2015 as the impact investing arm of global development agency, Mercy Corps, supports over 57 early-stage ventures to scale and raise over $515 million in follow-on capital. Their portfolio centersaround resilience-building solutions in adaptive agriculture and food systems, inclusive climate fintech, and climate-smart technologies so that those living in frontier markets can withstand disruption and plan for the future. Through capital and support, piloting new approaches, action-oriented insights, and rigorously managing impact, they catalyze the ecosystem toward smarter, more impactful investments.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Kenya, United States, Colombia

Investor stats

  • Total investments: 66
  • 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.
  • Blooms — Blooms provides trade finance and global payments solutions for LatAm produce exporters.
  • Ábaco — We're reinventing financial services with capital, payments & platform solutions so every growing company can reach their full potential.
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Fintech Nation
VC Fund · 1 investments in Indonesia Hardware startups

Fintech Nation has evolved from a grassroots platform to a specialized development institution comprising an investment platform, think tank, and ecosystem builder that supports startups, angel investors, financial institutions, practitioners, and policymakers. Fintech nation's three key objectives are democratising access, digitising the economy, and delivering outcomes through its three pillars: investment platform, think tank, and ecosystem builder.

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Investment focus

  • Industry: Legal, FinTech, Software
  • Stage:Seed, Debt Financing
  • Geography: Singapore, Indonesia

Investor stats

  • Total investments: 3
  • Round size: Seed $1M–$1.1M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • CHOYS — CHOYS is a holistic wellness subscription platform for organizations and employees that strives to offer every employee with access to benefits and impact that are tailored to their individual requirements, with the goal of making work more humanized and meaningful. CHOYS is headquartered in Singapore, Central Region and was founded in 2022.
  • Sleek — All-in-one business finances and admin for business owners, SMEs and investors in Singapore. Get started with our 100% online platform.
  • 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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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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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: 2216
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$645k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • Praktiki — Praktiki is building the "Decision Layer" for medicine.While medical knowledge doubles every 73 days, frontline clinicians struggle to translate guidelines into practice. Current AI search tools excel at surfacing public data from clinical trials, but fail to capture "how" experts apply that evidence in real-world scenarios.Praktiki fills this gap. We utilise an AI Agentic Creator Engine to capture tacit specialist reasoning and fuse it with public evidence. This feeds a proprietary Expert Knowledge Graph that powers: 1) Microlearning: Case-based modules created 10x faster and which are 170% more effective than traditional education 2) AI Expert Guidance: Real-time decision support synthesising evidence with expert implementation strategies.2025 Traction - our MVP proved that solving the expertise gap drives high engagement: - Registered >10% of UK GPs - 60,000+ modules completed with an 85% completion rate - 51% month-over-month growth - Market-leading NPS of 83We are building a compounding data moat to expand beyond education into clinical intelligence and healthcare data solutions.
  • Mast — Mast is the cloud-native, fully configurable loan origination platform empowering lenders to process applications faster and smarter. We make lending better, smoother and faster.
  • 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.
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Blue Bird Group
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Hardware startups

Bluebird Group merupakan perusahaan transportasi yang menyediakan taksi, transportasi online, travel, hingga bus pariwisata dengan berbagai tipe sesuai kebutuhan Anda.

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Investment focus

  • Industry: Retail, E-Commerce, Wholesale
  • Stage:Seed
  • Geography: Indonesia, Singapore

Investor stats

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

Portfolio highlights

  • Dagangan — Aplikasi belanja sembako online grosir atau eceran. Menyediakan berbagai kebutuhan pokok seperti sembako, produk segar juga kebutuhan harian lainnya.
  • Maskoolin — Dengan konsep universal checkout, anda hanya perlu satu keranjang belanja untuk membeli produk yang anda inginkan karena kami menjadi aggregator dari semua produk online untuk pria di internet.
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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: Health Care, FinTech, Biotechnology
  • Stage:Seed, Series A, Post-IPO Equity
  • Geography: United Kingdom, Australia, Vietnam

Investor stats

  • Total investments: 30
  • Round size: Seed $1M–$8M; Series A $2M–$16M; Post-IPO Equity $1.3M–$14M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Scancell — Scancell is a clinical stage immunotherapy biotech developing treatments for significant unmet needs in cancer.
  • Proteome Sciences — Reaching New Heights in Biomarker Solutions-Protein and peptide biomarker solutions for pharmaceutical and diagnostics applications
  • Oxford Biodynamics — Oxford BioDynamics Plc (AIM: OBD) ("Oxford BioDynamics") is a biotechnology company focused on the discovery and development of epigenetic biomarkers for use within the pharmaceutical and biotechnology industry. The Company’s award-winning, proprietary technology platform, EpiSwitch™, aims to accelerate the drug discovery and developmentprocess, improve the success rate of therap.
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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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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, Japan

Investor stats

  • Total investments: 35
  • Round size: Series A $11M–$30M; 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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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, FinTech
  • 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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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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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, Robotics
  • Stage:Seed, Series A
  • Geography: Japan, Singapore, Austria

Investor stats

  • Total investments: 79
  • Round size: Seed $1.2M–$43M; Series A $6M–$213M
  • 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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Mitsubishi Corporation
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Indonesia Hardware startups

Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, living essentials, and environmental business. MC's current activities are expanding far beyond its traditional trading operations asits diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

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Investment focus

  • Industry: Software, Energy, Manufacturing
  • Stage:Corporate Round, Series A
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 113
  • Round size: Series A $4.1M–$184M; Corporate Round $3M–$2.8B
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • HarvestX — HarvestX manufactures fully automatic robots which contributes to the shortage of agricultural human resources and stable food production
  • Turing — Turing develops and manufactures fully autonomous vehicles.
  • Thai Union Group — Thai Union Group produces shelf-stable seafood products for a global customer base. The company’s product portfolio includes tuna, shrimp, salmon, sardine and mackerel, cephalopod, bakery, and pet food products. Its brand portfolio includes Sealect, Fisho, Bellottaas, Chicken of the Sea, John West, King Oscar, Petit Navire, Parmentier, Mareblu,and Century.As a company committed to innovation and globally responsible behavior, Thai Union is proud to be a member of the United Nations Global Compact, and a founding member of the International Seafood Sustainability Foundation (ISSF). In 2015, Thai Union introduced its SeaChange® sustainability strategy. Thai Union’s on-going work on sustainability issues was recognized in 2018 and 2019 by being ranked number one in the world in the Food Products Industry in the Dow Jones Sustainability Index, achieving a 100th percentile ranking for total sustainability score.
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Astor Investment Management
VC Fund · Chicago, Illinois, United States · 1 investments in Indonesia Hardware startups

Astor is a registered investment advisor headquartered in Chicago with offices in New York. Entrusted with more than $2B in assets, their data-driven strategies cater to varying risk tolerances and portfolio objectives. They help hundreds of world-class investors make informed asset-allocation decisions. They are fundamentally driven to keep theirfinger on the pulse of the economy. Their investment philosophy is based upon the belief that diligent analysis of economic data can provide valuable signals for longer-term financial market allocations.

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Investment focus

  • Industry: Big Data, Logistics, Warehousing
  • Stage:Seed
  • Geography: India, Indonesia, Singapore

Investor stats

  • Total investments: 5
  • Round size: Seed $1.2M–$3.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GOZEN — Gozen is to redefine how we engage with the world around us by promoting natural connection and a balance between creative expression and the sacredness of our earth.
  • MyRobin.id — MyRobin menjembatani Anda dengan tenaga kerja fleksibel, berpengalaman dan terpercaya. Manajemen tenaga kerja dalam 1 genggaman, mudah & aman!
  • Bounty Media — Bounty Media is a global data platform for advertisers to connect with customers, and for publishers to increase paid subscriber acquisition.
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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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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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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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Hardware VC funding in Indonesia at a glance

Stats across 87 deals from 125 investors.

125
investors
in Indonesia Hardware startups
87
deals
in Indonesia Hardware startups
$5M
median round
in Indonesia Hardware startups
31%
lead investors
lead at least one round
40%
Seed
most common funding stage

Access all 125 VC funds in Indonesia Hardware startups.

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