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Top 50 Mobile Startup Investors in Indonesia (October 2026)

The most active venture capital funds and angel investors investing in Indonesia Mobile startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Indonesia Mobile startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
East Ventures
VC Fund
17 Japan, Indonesia, Singapore Seed, Series A, Venture - Series Unknown Software, Information Technology, E-Commerce $250k–$30M
Ardent Capital
VC Fund
6 Nigeria, Indonesia, Thailand Seed, Pre-Seed, Series A E-Commerce, Internet, Software $100k–$15M
GK-Plug and Play Indonesia
VC Fund
6 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Software, Financial Services, Artificial Intelligence $50k–$12M
Wavemaker Ventures
VC Fund
6 United States, Singapore, Philippines Seed, Series A, Venture - Series Unknown Software, E-Commerce, Information Technology $650k–$19M
Convergence Ventures
VC Fund
6 Indonesia, Singapore, Taiwan Series A, Seed, Series B Internet, Financial Services, FinTech $1.1M–$60M
Mandiri Capital Indonesia (MCI)
VC Fund
5 Indonesia Series B, Series A, Seed FinTech, Financial Services, Information Technology $500k–$65M
Monk’s Hill Ventures
VC Fund
5 Singapore, Indonesia, Vietnam Series A, Seed, Series B E-Commerce, Information Technology, Financial Services $700k–$20M
MDI Ventures
VC Fund
5 Indonesia, Singapore, United States Seed, Series B, Series A Software, E-Commerce, Information Technology $600k–$66M
Alto Partners Multi-Family Office
VC Fund
5 Indonesia, Singapore, India Seed, Series A, Series B FinTech, Financial Services, SaaS $1.1M–$50M
Pegasus Tech Ventures
VC Fund
5 United States, Japan, Indonesia Seed, Venture - Series Unknown, Series B Software, Artificial Intelligence, Health Care $120k–$91M
Prasetia Dwidharma
VC Fund
4 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Software, E-Commerce, Artificial Intelligence $46k–$15M
SPH Media Fund
VC Fund
4 Singapore, Indonesia, United States Series A, Seed, Series B Apps, Mobile, E-Commerce $475k–$11M
Kejora-SBI Orbit
VC Fund
4 Indonesia, Singapore Seed, Series A E-Commerce, Information Technology, SaaS $500k–$8.2M
Javas Venture LLC
VC Fund
3 Indonesia, United States Pre-Seed, Seed, Convertible Note Information Technology, Software, Mobile Apps $3.4M–$5M
SOSV
VC Fund
3 United States, China, Canada Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software $50k–$5M
Vertex Ventures Southeast Asia & India
VC Fund
3 India, Singapore, Indonesia Series A, Series B, Seed E-Commerce, Financial Services, FinTech $2.2M–$40M
UMG IdeaLab
VC Fund
3 Indonesia, Myanmar Seed, Venture - Series Unknown Information Technology, Artificial Intelligence, Software
Goodwater Capital
VC Fund
3 United States, India, South Korea Seed, Pre-Seed, Venture - Series Unknown Software, FinTech, Financial Services $125k–$105M
Genesia Ventures
VC Fund
3 Japan, Vietnam, Indonesia Seed, Series A, Venture - Series Unknown Information Technology, Software, Artificial Intelligence $404k–$11M
SMDV
VC Fund
3 Indonesia, Thailand, Singapore Series A, Seed, Series B E-Commerce, Information Technology, Software $1.5M–$45M
Gan Kapital
VC Fund
3 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Financial Services, FinTech, Software $50k–$20M
The Graduate Syndicate
VC Fund
2 United States, Singapore, Brazil Seed, Pre-Seed, Series A Software, Artificial Intelligence, FinTech $100k–$21M
GDP Venture
VC Fund
2 Indonesia, United States, Singapore Seed, Series A, Venture - Series Unknown Artificial Intelligence, Media and Entertainment, Software $181k–$19M
BEENEXT
VC Fund
2 India, Japan, Indonesia Seed, Series A, Series B Software, E-Commerce, FinTech $456k–$50M
Vertex Ventures
VC Fund
2 United States, China, Israel Series A, Series B, Series C Software, Artificial Intelligence, Information Technology $3M–$100M
Justin Kan
Angel
2 United States, Nigeria, India Seed, Series A, Pre-Seed Software, Financial Services, Information Technology $890k–$23M
Cherry Ventures
VC Fund
2 Germany, United Kingdom, United States Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1.1M–$44M
Openspace Capital
VC Fund
2 Singapore, Indonesia, Philippines Series A, Series B, Seed E-Commerce, Financial Services, Software $1.7M–$35M
Beenos Partners
VC Fund
2 Japan, United States, India Seed, Series A, Series B E-Commerce, Mobile, Internet $176k–$51M
Vickers Venture Partners
VC Fund
2 United States, China, Singapore Series A, Series B, Seed Health Care, Biotechnology, Mobile $1M–$133M
Fenox Venture Capital
VC Fund
2 Japan, Indonesia, United States Series B, Seed Artificial Intelligence, Software, Health Care $1.8M–$156M
AC Ventures
VC Fund
2 Indonesia, Singapore, India Seed, Series A, Series B E-Commerce, Financial Services, Information Technology $963k–$87M
Argor Capital
VC Fund
2 Indonesia, India, Vietnam Series A, Seed, Series B E-Commerce, Mobile Apps, FinTech $3M–$65M
YCAB Ventures
VC Fund
2 Indonesia, Malaysia Seed, Venture - Series Unknown Training, Education, Mobile Apps $2.1M–$3.5M
Denali Venture Partners
VC Fund
2 Indonesia, United States Seed, Series A Mobile, Coupons, Big Data
Insignia Ventures Partners
VC Fund
2 Indonesia, Singapore, Vietnam Seed, Series A, Series B Financial Services, FinTech, Software $50k–$63M
Indogen Capital
VC Fund
2 Indonesia, Singapore, Taiwan Seed, Series A, Series B Information Technology, E-Commerce, Mobile Apps $300k–$65M
Central Capital Ventura
VC Fund
2 Indonesia, Singapore, Australia Series A, Seed, Series B Financial Services, FinTech, Software $1M–$80M
Alphamomentum
VC Fund
2 Indonesia Seed, Pre-Seed Information Technology, Apps, Sports
Antler
VC Fund
2 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Lendable
VC Fund
2 Philippines, Indonesia, Singapore Debt Financing, Series A, Seed Financial Services, FinTech, Lending $5M–$50M
Tiger Global Management
VC Fund
2 United States, India, China Series B, Series A, Series C Software, FinTech, Artificial Intelligence $6.5M–$255M
Spiral Ventures
VC Fund
2 Japan, Indonesia, India Seed, Series A, Series B E-Commerce, Information Technology, Internet $500k–$15M
Prima Digital Solusindo
VC Fund
2 Indonesia Seed Apps, SaaS, Mobile
Reynazran Royono
Angel
2 Indonesia Seed Apps, Mobile, Big Data
MPGI
VC Fund
1 Germany, India, United Kingdom Seed, Series A, Pre-Seed Financial Services, FinTech, E-Commerce $2M–$100M
Jianpu Technology
VC Fund
1 Indonesia Seed, Corporate Round Financial Services, FinTech, Software
Centauri Fund
VC Fund
1 Indonesia, United States, Singapore Seed, Series B, Series A Software, E-Commerce, Information Technology
Gobi Partners
VC Fund
1 China, Malaysia, Singapore Series A, Seed, Series B Financial Services, E-Commerce, Internet
DAAL
VC Fund
1 Tunisia, Egypt, United Arab Emirates Seed, Series A, Convertible Note Software, E-Commerce, Information Technology
Access all 100 investors in Indonesia Mobile startups.

Access 48,091 investors

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

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Investor list

East Ventures
VC Fund · Tokyo, Tokyo, Japan · 17 investments in Indonesia Mobile 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, E-Commerce
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, Indonesia, Singapore

Investor stats

  • Total investments: 693
  • Round size: Seed $250k–$5M; Series A $1.9M–$30M; Venture - Series Unknown $366k–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $150M in 2022

Portfolio highlights

  • Sisuta — Sisuta is a purpose-driven organization committed to addressing fundamental social issues by seamlessly integrating human insight with advanced technology, creating innovative solutions that empower individuals, strengthen communities, and unlock the full potential of both people and digital tools to drive sustainable social impact.
  • BASE — BASE provides web-based services that develop and build e-commerce platforms. The company provides its services across Japan, such as net shop creation, development of shopping applications, development of online payment, and other services.
  • EveryWill — Every WiLL will hasten the creation of a new logistical infrastructure that addresses social problems, beginning with the "way we receive" our products.
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Ardent Capital
VC Fund · Bangkok, Krung Thep, Thailand · 6 investments in Indonesia Mobile startups

Leading Venture Capital & Builder in Southeast Asia | Experts in E-Commerce, B2B, B2C, Fulfilment Startups | Seed, Series A Funding

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Investment focus

  • Industry: E-Commerce, Internet, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, Indonesia, Thailand

Investor stats

  • Total investments: 45
  • Round size: Seed $100k–$2.7M; Pre-Seed $100k–$400k; Series A $100k–$15M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2014

Portfolio highlights

  • Laborhack — LaborHack offers a select network of tested and certified carpenters, plumbers, electricians, masons, welders, and other tradespeople. It provides cleaning, plumbing, electrical, and HVAC services.
  • Trade Lenda — Trade Lenda is digital financial service solution enabling access to credit for MSMEs leveraging alternative data sources to qualify character and capacity in Nigeria.It’s a known fact access to finance is a major challenge for MSMEs with a $5trillion opportunity market across developing economies. According to reports from PWC and IFC, MSMEsaccount for about 84% of the jobs created in this region and about 50% of the GDP of the African economies. However without needed finance, most of them are likely to shut down within first 2-5 years. Today with our smart data algorithm, we leverage on data to evaluate character and capacity of every request thus removing focus on upfront collateral and cutting bottle necks associated to getting credits by MSMEs. We are not stopping there but also going a step further to provide micro savings, insurance, investment and pension soon for MSMEs.
  • Feather Africa — Feather Africa provides money transaction services, such as enabling users to send and receive money from anyone using the application. It offers withdrawals of cash without ATM cards by sending money to the nearest cash vendors.
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GK-Plug and Play Indonesia
VC Fund · Setiabudi, Jakarta Raya, Indonesia · 6 investments in Indonesia Mobile startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Wavemaker Group is a cross-border venture capital firm founded in 2003 and one of the most active early-stage investors across multiple funds.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 515
  • Round size: Seed $750k–$4.3M; Series A $2.5M–$19M; Venture - Series Unknown $650k–$8M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $1.9M in 2023

Portfolio highlights

  • uHoo — uHoo monitors and manages your indoor environment to help you create healthier, safer and more comfortable homes and workplaces.
  • Shikho — Shikho is a Bangladeshi education technology company on a mission to revolutionise the way Bangladesh learns today and democratise access to a high quality education. It is building a hyper-localised digital learning ecosystem designed specifically for the Bangladeshi national curriculum to serve a growing total addressable market of ~42 millionstudents. "Shikho - The Learning App" is available on the Google Play Store.
  • Neocrete — Neocrete is a concrete manufacturing company that is involved in the manufacture of resilient and carbon-neutral concrete.
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Convergence Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 6 investments in Indonesia Mobile startups

Convergence Ventures is an early stage technology venture fund focused on investing in Indonesia. Led by their partners Adrian Li and Donald Wihardja who are seasoned entrepreneurs with extensive operating experience in Internet businesses in emerging markets. They seek to back exceptional founders by leveraging their experience, network andresources to empower them to build long lasting and impactful businesses for Indonesia and the South East Asia region. Their Advisory Board and Limited Partners from the US, China and Indonesia have backed hundreds of technology businesses in the past decade and bring deep local networks and resources in media and related industries to their founders.

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Investment focus

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

Investor stats

  • Total investments: 65
  • Round size: Seed $1.1M–$3M; Series A $1.5M–$20M; Series B $7.5M–$60M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • JULO — JULO provides affordable unsecured personal loan (KTA) exclusively to smartphone users.They strive to provide low cost loan product to the masses while ensuring that it's economically viable to their lender partners. This is achieved by exercising prudent underwriting assessments to ensure that approved applicants are both able and willing topay back.They also reward positive behavior by giving cashback bonus and allowing good customers to borrow a higher amount at lower interest rate at loan maturity.
  • Danacita — Solusi pembiayaan, pendanaan & pinjaman dana pendidikan | Berizin & diawasi OJK | Cicilan kuliah dan kursus pelajar indonesia | Student Education Loan & Financing
  • Pandemic Insights — Know and Manage Health Risk Anywhere
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Mandiri Capital Indonesia (MCI)
VC Fund · Jakarta, Jakarta Raya, Indonesia · 5 investments in Indonesia Mobile startups

Mandiri Capital Indonesia (MCI) is a Corporate Venture Capital arm of Bank Mandiri, the largest integrated financial service group in Indonesia with US$70 B+ Assets, 20 M+ Retail Customers, 5 K+ outlets, and more than 7 international offices.MCI is highly strategic and agile investors predominantly within financial service industry in Indonesiaby facilitating enterprise partnerships between portfolio startup and Bank Mandiri Group network of 20+ strategic subsidiaries and business units in assist startups to be the next global players.

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Investment focus

  • Industry: FinTech, Financial Services, Information Technology
  • Stage:Series B, Series A, Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 41
  • Round size: Seed $500k–$7.7M; Series A $1M–$35M; Series B $5M–$65M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Ayoconnect — API pulsa, token listrik, e-money, dan PPOB terlengkap. Ayoconnect menghubungkan 50+ platform ke 3.000 produk digital.
  • 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.
  • PT FitAja Digital Nusantara — Download FitAja! sekarang. Satu aplikasi untuk semua kebutuhan sehatmu
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Monk’s Hill Ventures
VC Fund · Singapore, Central Region, Singapore · 5 investments in Indonesia Mobile startups

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

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Investment focus

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

Investor stats

  • Total investments: 108
  • Round size: Seed $700k–$7.5M; Series A $3.1M–$20M; Series B $6M–$20M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $200M in 2023

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.
  • International Payments Identity — iPiD provides a single global API for real-time payee validation, reducing fraud and ensuring seamless payments across borders. Discover our KYP solutions today.
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MDI Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 5 investments in Indonesia Mobile startups

MDI is a corporate venture capital initiative by Telkom Indonesia and is set as an independent entity with its own funding processes. MDI uniquely combines a VC model with service in providing companies with access to operational help after making a financial investment.MDI works closely with global accelerators and venture firms to bringproprietary technology from other mature markets into various businesses of Telkom Indonesia.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • CYFIRMA — CYFIRMA, offers market-leading cyberthreat visibility products and services, powered by artificial intelligence (AI) and machine learning, CYFIRMA’s flagship platform delivers comprehensive, real-time insights into emerging cyberthreats, attack motives and methods—customized to a client’s industry and IT environment.CYFIRMA defends againstcyberattacks by supplying organizations with real-time threat visibility and situational awareness to enables them to take a more proactive strategic, management and tactical security management actions. By aggregating, correlating and analyzing information from hundreds of thousands of sources on the open and dark web, CYFIRMA helps clients anticipate what types of attacks are most likely to occur and provide the most effective response.
  • Panviva — Connect, Collaborate and Communicate with your employees and customers like never before. Panviva provides complete and innovative knowledge management solutions focused on streamlining and making information more accessible.
  • Whale — Whale provides an omnichannel marketing platform that transforms marketing operations, digitalizes store operations and unifies offline & online brand experiences leveraging AI + IoT + Big Data to “Connect Brands with Customer”.Founded in 2017, Whale has since empowered 400+ global FMCG, F&B, Fashion and Automotive brands includingP&G, Unilever, Starbucks, UNIQLO, ARMANI, Watsons, Xiaomi, Midea, Lotus, POP MART etc. with over 150,000 stores across APAC, enabling brands to embrace the full potential of digital transformation.Equipped with AI capabilities, patented ReID technology and enterprise-grade security, Whale platforms comprising of Space Data Platform (SDP), Whale Marketing Cloud (WMC), Whale Open Platform (WOP) and Whale Analytics, serve as the end-to-end digitalization engine that enables brands to seamlessly engage with each customer.Whale is backed by Temasek Holding, NIO Capital, Source Code Capital, Linear Capital, Alpha Commune, BAI Capital and The Jiangmen, with 6 offices across Singapore, Hangzhou, Shanghai, Beijing and Shenzhen.
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Alto Partners Multi-Family Office
VC Fund · Singapore, Central Region, Singapore · 5 investments in Indonesia Mobile startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • IDfy — Secure Customer Onboarding | Smarter Fraud Detection | DPDP Compliance & Privacy Governance made Easy for Banks, E-Commerce, and Logistics.
  • KLAR Smile — KLAR Aligner merupakan solusi tepat untuk mendapatkan gigi rapi yang aman, cepat, tidak sakit, dan terjangkau tanpa mengganggu penampilanmu.
  • Nafas — Nafas creates an air quality sensor network to monitor the quality of outdoor air. Nafas collects data from real sensors that are designed to be installed outside and withstand the elements. To provide the most accurate local data, Nafas has installed over 30 sensors throughout Jakarta.
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Pegasus Tech Ventures
VC Fund · San Jose, California, United States · 5 investments in Indonesia Mobile startups

Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley, offering intellectual and financial capital to exceptional emerging technology companies around the world.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Venture - Series Unknown, Series B
  • Geography: United States, Japan, Indonesia

Investor stats

  • Total investments: 330
  • Round size: Seed $120k–$5M; Series B $4.7M–$91M; Venture - Series Unknown $1.3M–$58M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: Likely actively investing — fresh fund, raised $50M in 2026

Portfolio highlights

  • ABIVIN — Operate your business more efficiently, manage fleets in real-time, save up to 30% logistics costs with Abivin vRoute - Transportation Management System.
  • LINK-US — LINK-US focuses on the contract sales of various devices applying ultrasonic combined vibration and powerful ultrasonic technology. LINK-US designs and manufactures bonding equipment for a wide range of similar and dissimilar metal materials related to room temperature bonding technology using ultrasonic compound vibration and various equipmentthat employs these technologies.
  • AZUL Energy — AZUL Energy is a next-generation energy device that improves air battery performance, develops air battery-related products, and proposes eco-friendly and comfortable new lifestyles. They discovered that a catalyst electrode containing one of these pigments performed better than platinum carbon or existing catalyst electrode materials.
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Access 48,091 investors

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

Browse database — It's Free!
Prasetia Dwidharma
VC Fund · Jakarta Pusat, Jakarta Raya, Indonesia · 4 investments in Indonesia Mobile 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, E-Commerce, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 83
  • Round size: Seed $500k–$4.5M; Pre-Seed $46k–$1.5M; Series A $3M–$15M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Baskit — baskit | Empowering wholesalers and distributors with the world's first cloud-native all-in-one app
  • Luna POS — Luna POS provides cloud-based cashier, inventory management, and accounting solutions for SMEs in Indonesia. The company offers a seamless mobile cloud-based Point of Sale (POS) and accounting system, helping the retail industry with managing business activities such as checking the stock of goods, making a bundle menu, calculating sales, and tosee financial statements of the business.
  • DOOgether — Discover quality sports venues, seamless booking, and an active community. DOOGETHER transforms spaces into sports destinations across Indonesia.
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SPH Media Fund
VC Fund · Singapore, Central Region, Singapore · 4 investments in Indonesia Mobile startups

SPH Media Fund, the corporate venture arm of Singapore Press Holdings, is focused on investments in the consumer tech and media sector

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Investment focus

  • Industry: Apps, Mobile, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: Singapore, Indonesia, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $475k–$3M; Series A $1.5M–$10M; Series B $10M–$11M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Docquity — Every doctor's thinking partner. Used and trusted by +500,000 doctors across 9 countries.
  • Snapcart — Snapcart is a cashback app that incentivizes consumers to take photos of their receipts in exchange for rewards. The insight it compiled and offered to brands and retailers, providing a more accurate measurement of consumer behavior than many existing research methods. The company is based in Indonesia and backed by Ardent Capital.
  • Pathmatics — Pathmatics advertiser database and digital marketing intelligence platform bring transparency to your competitor's digital ad strategies. Request a demo today.
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Kejora-SBI Orbit
VC Fund · 4 investments in Indonesia Mobile startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Bizhare — Situs investasi bisnis Securities Crowdfunding / Equity Crowdfunding atau urun dana terpercaya di Indonesia. Berizin & diawasi oleh OJK. Yuk, Investasi sekarang juga
  • Dagangan — Aplikasi belanja sembako online grosir atau eceran. Menyediakan berbagai kebutuhan pokok seperti sembako, produk segar juga kebutuhan harian lainnya.
  • Swap — Swap is city-based infrastructure of battery swapping stations for e-motorcycle riders. No more cords, no more hassle, battery is being swapped with a fully-charged battery within 9 seconds.
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Javas Venture LLC
VC Fund · Delaware City, Delaware, United States · 3 investments in Indonesia Mobile startups

Super Angel Syndication aims to support early stage startup with strategic value and smart capital.

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Investment focus

  • Industry: Information Technology, Software, Mobile Apps
  • Stage:Pre-Seed, Seed, Convertible Note
  • Geography: Indonesia, United States

Investor stats

  • Total investments: 12
  • Round size: Seed $3.4M–$5M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Maxi — Maxi is an anonymous work-life community platform that improves employee mental wellness and productivity.
  • Octopus — Integrated Reseller System Fully Automated
  • 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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SOSV
VC Fund · Princeton, New Jersey, United States · 3 investments in Indonesia Mobile startups

SOSV offers pre-seed capital and follow-on financial support to startups focusing on deep technology and scientific innovation. Founders utilize purpose-built laboratory facilities and engineering spaces to accelerate product development and testing. The firm facilitates connections between entrepreneurs and a network of investors through structured matchmaking events and technology summits.

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Investment focus

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

Investor stats

  • Total investments: 3729
  • Round size: Seed $150k–$5M; Pre-Seed $50k–$1.6M; Convertible Note $50k–$3.6M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $306M in 2023

Portfolio highlights

  • Halla — Halla Intelligence is a digital solution that leverages over 100 billion shopper and product data points to recommend and promote what grocery items.
  • Simply Good Jars — Simply Good Jars is a B-Corp company that delivers healthy meals in reusable + returnable packaging through use of smart refrigerated kiosks placed in offices, transit centers, universities and health-systems. Driven by purpose to change that way people think about consumption, SGJ introduces sustainable business practices into their everydayoperations with a zero-waste goal. For every jar returned back to the company for reuse, they will help feed someone in need and ensure that no packaging materials end up in landfills.
  • Verdex Technologies — Verdex Technologies is an advanced materials platform technology that uses nanofibers to disrupt industries. Verdex doesn't just compete, it innovates and disrupts.
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Vertex Ventures Southeast Asia & India
VC Fund · Singapore, Central Region, Singapore · 3 investments in Indonesia Mobile 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, Financial Services, FinTech
  • Stage:Series A, Series B, Seed
  • Geography: India, Singapore, Indonesia

Investor stats

  • Total investments: 145
  • Round size: Seed $2.2M–$6.9M; Series A $3.6M–$15M; Series B $7.5M–$40M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $541M in 2023

Portfolio highlights

  • Dtcpay — dtcpay is a leading provider of digital payment solutions, pioneering the integration of cryptocurrency acceptance into traditional financial systems.
  • Drylab AI — Drylab is a biotechnology software company that develops AI tools for biomedical research and bioinformatics. Its platform enables scientists to analyze biological and clinical datasets, conduct research, automate analytical workflows, and access a built-in coding environment for data processing and reproducible analyses. The platform supports multiple data types, including genomics, transcriptomics, proteomics, imaging, spatial omics, and clinical datasets, and is designed for researchers, laboratories, and life science organizations.
  • 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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UMG IdeaLab
VC Fund · Karet Teng Sien, Jakarta Raya, Indonesia · 3 investments in Indonesia Mobile startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Matador Lectro — Supplier baterai LifePo4 Custom berkualitas di Indonesia dan sistem manajemen energi baterai yang dapat membantu motor listrik Anda
  • Touch Me Beauty — Touch Me Beauty is a beauty-tech company that offers skin analyzer mobile application and helps in skin care and beauty
  • Sandhiguna Widya Proteksi — Building cryptographic services to mitigate information breach risks for organizations
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Goodwater Capital
VC Fund · Burlingame, California, United States · 3 investments in Indonesia Mobile startups

Consumer Tech Investors - We empower exceptional entrepreneurs everywhere to change the world for good.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, India, South Korea

Investor stats

  • Total investments: 914
  • Round size: Seed $850k–$7.5M; Pre-Seed $125k–$2.1M; Venture - Series Unknown $481k–$105M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely actively investing — fresh fund, raised $5M in 2025

Portfolio highlights

  • Kaon — Discover prompts and AI apps built by a global community, or publish your own. FlowGPT is an open platform for building and sharing with AI.
  • Egoist Machines — Egoist Machines builds efficient full-stack ML infrastructure for reliable AI systems, from model serving and evaluation to secure deployment and operations.
  • Wrtn Technologies — Bring AGI Close to People
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Genesia Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Indonesia Mobile startups

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

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Investment focus

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

Investor stats

  • Total investments: 241
  • Round size: Seed $462k–$5.7M; Series A $1.2M–$11M; Venture - Series Unknown $404k–$2.1M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $110M in 2022

Portfolio highlights

  • THE PHAGE — The phage is a medical device company that focuses on developing AI technology to predict postprandial blood glucose levels.
  • AI Mage — AI Mage is an IT company that provides AI solutions for anime production business industries.
  • Umami United — Umami United is a plant-based food brand with unique focus on Japanese food technologies and traditional ingredients to make delicious and healthy food to unite people at one table. The wide lineups are designed to be vegan-friendly, buddhist friendly, and halal friendly for all.
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SMDV
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Mobile 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: 60
  • Round size: Seed $1.5M–$12M; Series A $2.6M–$26M; Series B $18M–$45M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • 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.
  • social.plus — Add pre-built social features to your app, analyze first-party data, and boost engagement with AI insights and monetization capabilities.
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Gan Kapital
VC Fund · 3 investments in Indonesia Mobile startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Bizhare — Situs investasi bisnis Securities Crowdfunding / Equity Crowdfunding atau urun dana terpercaya di Indonesia. Berizin & diawasi oleh OJK. Yuk, Investasi sekarang juga
  • Protos Labs — Unify cyber risk data for actionable insights and reduced exposure with the Nexus integrated cyber risk analytics platform by Protos Labs.
  • CrediLinq.Ai — CrediLinq is a technology infrastructure company that is enabling B2B platforms to offer embedded finance to their customers.B2B PayLater for buyers and B2B PayNow for sellers is a huge opportunity to both improve conversion, increase average order volumes and dramatically reduce operational burden. The future of B2B payments and purchasing willvery much look like the current consumer-level experience – we at CrediLinq.Ai are accelerating that change.
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The Graduate Syndicate
VC Fund · Boston, Massachusetts, United States · 2 investments in Indonesia Mobile startups

The Graduate Syndicate is led by Jeff Bussgang, Senior Lecturer at Harvard Business School (HBS) and co-founder and general partner, Flybridge Capital Partners. They invest in pre-seed and seed stage startups led by recent graduates of Harvard, primarily HBS. In recent years, entrepreneurship has grown tremendously on campus and many valuablecompanies have been created by recent graduates. Their goal is to bring investors, students, graduates, and friends of Harvard together to build successful, impactful and sustainable companies

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Brazil

Investor stats

  • Total investments: 62
  • Round size: Seed $100k–$6.5M; Pre-Seed $100k–$3M; Series A $6M–$21M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $7M in 2022

Portfolio highlights

  • AACI Group — AACI Group provides innovative catastrophe insurance solutions to protect homeowners and communities from climate-related risks. Get comprehensive coverage and expert risk assessment.
  • BioCognitive Engines — BioCognitive Engines provides an AI-powered diagnostic insights platform to uncover potential causes of unexplained health conditions.
  • Cortex Ventures — Cortex invests in exceptional electrical engineering firms and deploys technology that makes every engineer faster.
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GDP Venture
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Mobile startups

GDP Venture is a venture builder focusing on commerce, consumer product, media & entertainment and solution companies

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Investment focus

  • Industry: Artificial Intelligence, Media and Entertainment, Software
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Indonesia, United States, Singapore

Investor stats

  • Total investments: 64
  • Round size: Seed $181k–$6.5M; Series A $3.3M–$19M; Venture - Series Unknown $311k–$11M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Yumi — YUMI is a leader in stage-based nutrition for baby and kids. Organic, nutrient dense, dairy free, gluten free, Clean Label Project approved.
  • PINTAR — Tingkatkan karir Anda dengan kursus bersertifikat, program Kartu Prakerja, dan kuliah online dari universitas terbaik di PINTAR. Daftar sekarang!
  • Indonesia Creators Economy — Indonesia Creators Economy is a content creator platform, enabling brand-creator collaborations to drive business growth through technology.
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BEENEXT
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Mobile startups

BEENEXT manages multiple funds targeting diverse sectors, including fintech, healthtech, e-commerce, and artificial intelligence. Its platform offers founders access to a global network for knowledge exchange, mentorship, and business co-creation. The firm utilizes an industry-agnostic approach to identify businesses with potential for long-term growth across various international markets. Additionally, the company facilitates partnerships between entrepreneurs and a community of collaborators to assist with scaling operations.

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Investment focus

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

Investor stats

  • Total investments: 397
  • Round size: Seed $456k–$5M; Series A $2M–$15M; Series B $5.5M–$50M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $1M in 2023

Portfolio highlights

  • Whizzo — Whizzo specializes in materials science-driven manufacturing of engineered fashion and technical textiles. Our expertise lies in creating and executing innovative textile blends tailored for applications across automotive, agriculture, medical textiles, and engineered fashion.
  • Furnishka — Discover premium sofas, recliners, beds, dining sets and more at Furnishka. Buy furniture online in India with free delivery, easy EMI and warranty.
  • Foundry — Foundry is a consumer technology business that specializes in household appliances. Foundry was started by Ankit Jain, a former managing director of Dyson India.
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Vertex Ventures
VC Fund · Palo Alto, California, United States · 2 investments in Indonesia Mobile 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, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 489
  • Round size: Series A $3M–$40M; Series B $6.3M–$44M; Series C $10M–$100M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $64M in 2024

Portfolio highlights

  • Aternity — Unlocking the full potential of your digital experiences has never been more accessible. Illuminate, accelerate and fully leverage the full breadth of possibilities with Riverbed.
  • HydroSight — HydroSight uses AI to turn marine data into subsea intelligence for offshore energy and infrastructure. The company automates the processing of complex marine survey data to create detailed, continuously updated seafloor maps. Its B2B enterprise technology helps ports, telecom cable operators, and offshore energy companies safely plan and managecritical underwater infrastructure.
  • Flamingo — AI agents automate tickets, patching, remote access and security in one platform. Approve each fix from your phone. $1 per device, 14-day free trial.
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Justin Kan
Angel · San Francisco, California, United States · 2 investments in Indonesia Mobile startups

Justin Kan is based out of San Francisco Bay Area, California and is the Co-Founder of Stash. Justin previously worked at Atrium as a CEO. Justin Kan attended Yale University.

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Investment focus

  • Industry: Software, Financial Services, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Nigeria, India

Investor stats

  • Total investments: 117
  • Round size: Seed $1M–$7M; Pre-Seed $890k–$20M; Series A $7.5M–$23M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Convex — All gas, no breakages. Convex is the reactive backend platform that keeps up with you and your agents.
  • FLORA — FLORA is the AI-powered canvas for designers, brand teams, and agencies. Generate, edit, and produce visuals across 50+ models in one workspace.
  • Samepage — Signals automatically surfaces the information and insights that are most important to you across all of your tools and web, in one place.
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Cherry Ventures
VC Fund · Berlin, Berlin, Germany · 2 investments in Indonesia Mobile startups, 28 in the past 12 months

Cherry Ventures is Europe’s leading early-stage venture capital firm led by a team of founders and operators with experience building fast-scaling companies such as Spotify, Zalando, and Uber. The firm backs Europe's boldest founders, usually as their first institutional investor, and supports them in everything from go-to-market strategy, scaling the business, and team formation across all crucial stages in their journey. We look for founders with a vision to create revolutionary technologies - whether it’s AI, healthcare, robotics, consumer, or others - that impact society and change the world for the better. Cherry has invested in the pre-seed and seed stages of over 130 companies across Europe, including Flix, Auto1, Flaschenpost, Amboss, Manual, Numa, Moss, The Exploration Company, Qualifyze, Swap, Dash0, Proxima Fusion and Tacto. Cherry has offices in Berlin, London, and Stockholm. www.cherry.vc

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Investment focus

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

Investor stats

  • Total investments: 300
  • Round size: Seed $1.9M–$14M; Pre-Seed $1.1M–$6.6M; Series A $7.3M–$44M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely actively investing — fresh fund, raised $500M in 2025

Portfolio highlights

  • RobCo — Easily automate the repetitive tasks in your production facility with modular industrial robots from RobCo.
  • Spiich Labs — AI for revenue teams that win on relationships. Spiich preps your meetings, updates your CRM and drafts follow-ups. Reps save 9+ hours every week.
  • Integral — Bookkeeping, financial statements, and payroll all from one source
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Openspace Capital
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Mobile startups

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

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Investment focus

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

Investor stats

  • Total investments: 137
  • Round size: Seed $2.6M–$13M; Series A $1.7M–$20M; Series B $10M–$35M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $25M in 2022

Portfolio highlights

  • Every Half Coffee Roasters — Roasting & Brewing finest quality of specialty coffee bean from Vietnam and the world. We believe that every half bean has its soulmate. Let's find yours
  • Eunice — Eunice is an AI-powered due diligence and monitoring company built for institutional investors who cannot afford to get the details wrong.
  • Video Rebirth — Video Rebirth Limited is a private limited company that is established with shares.
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Beenos Partners
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Indonesia Mobile startups

Beenos is a platform for startups. Our in-house team of entrepreneurs-in-residence and specialists help you get your ideas off the ground. We’re (the) experts in engineering, design, data science, and business management. We know how to launch a company in this ever changing IT industry, and we’d like to help establish and expand your present and future business. The company was founded in 1999 as NetPrice.com, a provider of eCommerce services. NetPrice.com established Beenos as an incubation program before [pivoting to venture capital in 2014](https://www.techinasia.com/beenos-new-japan-incubator-accelerator-venture-capital-program-hiro-maeda).

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Investment focus

  • Industry: E-Commerce, Mobile, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 64
  • Round size: Seed $176k–$2.1M; Series A $1.9M–$13M; Series B $2.3M–$51M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2015

Portfolio highlights

  • Raena — RAENA adalah platform reseller kecantikan terbesar di Indonesia yang memberikan peluang bisnis rumahan yang menjanjikan. Dropshipper & Reseller produk kecantikan
  • Ralali — Ralali.com, Pusat toko grosir online pertama di Indonesia, sebagai b2b wholesale marketplace platform yang menghubungkan supplier, distributor dengan retail.
  • Delivered Korea — Delivered Korea is an e-commerce platform, that accelerates cross-border e-commerce from South Korea to your country.
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Vickers Venture Partners
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Mobile startups

Funding a Better World: We invest in deep tech sectors globally to help solve real world problems.

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Investment focus

  • Industry: Health Care, Biotechnology, Mobile
  • Stage:Series A, Series B, Seed
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 63
  • Round size: Seed $1M–$4M; Series A $3M–$38M; Series B $6.5M–$133M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $256M in 2019

Portfolio highlights

  • HyperAccel — HyperAccel provides hardware solutions for developing AI applications.
  • Mithradote Bio — Mithradote Bio is a biotechnology company developing a novel medication to help prevent drug-facilitated sexual assault
  • Aardvark Therapeutics — Aardvark Therapeutics specializes in small molecule therapeutics for obesity and rare genetic metabolic disorders. Aardvark Therapeutics was founded by Tien Lee in 2017.
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Fenox Venture Capital
VC Fund · California, San Jose, Costa Rica · 2 investments in Indonesia Mobile startups

Fenox Venture Capital is a Silicon Valley-based venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, Software, Health Care
  • Stage:Series B, Seed
  • Geography: Japan, Indonesia, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $1.8M–$2M; Series B $5.9M–$156M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: Likely still investing — raised $27M in 2024

Portfolio highlights

  • DIV — DIV operates TECH::CAMP, a programming school, a short-term intensive training course designed to turn students into engineers.
  • Deepgram — Deepgram helps enterprises unlock the potential of their audio data with custom-trained speech recognition for accuracy and scale. Deepgram's deep learning speech recognition system searches for keywords in transcripts by sound and text within audio and video files, used for transcribing calls, meetings, and voicemails for searchable notes,providing businesses with a fast, high accuracy speech-to-text on an easy-to-use API.The company was founded in 2015 and is headquartered in San Francisco, California.
  • Infradigital — IDN is the fastest growing B2B school platform in Indonesia, providing data & financial services to thousands of schools and hundreds of thousands of students across the country.
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AC Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Mobile startups

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

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Investment focus

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

Investor stats

  • Total investments: 161
  • Round size: Seed $963k–$7M; Series A $3M–$35M; Series B $12M–$87M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely actively investing — fresh fund, raised $8M in 2025

Portfolio highlights

  • JULO — JULO provides affordable unsecured personal loan (KTA) exclusively to smartphone users.They strive to provide low cost loan product to the masses while ensuring that it's economically viable to their lender partners. This is achieved by exercising prudent underwriting assessments to ensure that approved applicants are both able and willing topay back.They also reward positive behavior by giving cashback bonus and allowing good customers to borrow a higher amount at lower interest rate at loan maturity.
  • Blostem — Launch banking products in days. Single API for FD, RD, Loans & Bonds across 10+ banks. Backed by Zerodha's Rainmatter.
  • ASTRO — Situs Belanja Kebutuhan Harian Online dengan Harga Terjangkau dan Kualitas Terbaik. Pesan Kebutuhan Harian di ASTRO Pasti Sampai dalam Hitungan Menit
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Argor Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Mobile startups

Argor Capital is an early stage venture fund focused on the fast growing markets of Southeast Asia.

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Investment focus

  • Industry: E-Commerce, Mobile Apps, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: Indonesia, India, Vietnam

Investor stats

  • Total investments: 43
  • Round size: Seed $4M–$10M; Series A $3M–$36M; Series B $12M–$65M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $240M in 2023

Portfolio highlights

  • Octen AI — Octen is a web search API for AI built for speed and scalability: 62ms retrieval, million-QPS concurrency, and pages indexed within five minutes of publication.
  • AI Hay — AI Hay develops an AI-driven answer engine that allows users to access information through a question-and-answer format. The company combines hyperlocal, culturally nuanced knowledge discovery engines with social loops to enhance community validation and perspectives. It utilizes in-house specialized large-language models, retrieval-augmentedgeneration (RAG), and social features to build a knowledge discovery platform that serves the community.
  • SeIndonesia — Se’Indonesia is a fastest growing Indonesian Quick Service Restaurant chain. providing high-quality protein that is flavorful, nutritious, accessible, and affordable. The company specializes in smoked beef bowls, leveraging a proprietary smoking process that delivers distinct taste and aroma rooted in Indonesian culinary tradition.Founded with avision to revolutionize the food industry, Se’Indonesia emphasizes product integrity, operational scalability, and efficient delivery formats. Through its commitment to honest cooking and accessible nutrition, the company is positioned to lead the next generation of quick-service food solutions across Indonesia and beyond.
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YCAB Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Mobile startups

YCAB Ventures provides economic empowerment through women ultra-microfinance and impact investing.

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Investment focus

  • Industry: Training, Education, Mobile Apps
  • Stage:Seed, Venture - Series Unknown
  • Geography: Indonesia, Malaysia

Investor stats

  • Total investments: 12
  • Round size: Seed $2.1M–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Binar — partner transformasi digital end-to-end untuk corporate training AI, IT outsourcing, dan IT consulting guna tingkatkan profit & produktivitas bisnis.
  • Eateroo — Eateroo is a digital discovery marketplace for small and medium-sized food and beverage enterprises.
  • TransTRACK — Manage your fleet more efficiently with advanced fleet management solutions. Monitor vehicles in real-time, reduce operational costs, and increase productivity!
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Denali Venture Partners
VC Fund · 2 investments in Indonesia Mobile startups

Denali Venture Partners purpose is to liberate high performance human systems.DVP is an implemented-consulting led, venture investor: investing capability and capital. We call it Active Principal Investing.Our core competencies lie in four areas - Culture, Leadership Capital, Strategy and Execution. We focus on helping founders and theirteams make the transition from command and control + followership to purpose-driven delegation + leadership. We help enterprise leaders create the leadership capital that will attract finance and build the resources required to scale their businesses and realise their market opportunity.Our investment (capital and capability) focus is on businesses with infrastructure that is disruptive, defendable and close to the customer (i.e. in the revenue stream). We do not invest capital where we do not play an active role - at a minimum, advisory.Our operating model is to be as aligned as possible to our client’s interests: taking a small retainer with our profit coming from participating in the growth in client enterprise value. This seems to mark us as being quite different: we back ourselves to make a seriously positive impact.

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Investment focus

  • Industry: Mobile, Coupons, Big Data
  • Stage:Seed, Series A
  • Geography: Indonesia, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Fanplayr — Making Behavioral Data Actionable
  • MobilKamu — MobilKamu is an end-to-end solution for car buyers in Jakarta which combines technology with first-class customer service.
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Insignia Ventures Partners
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Mobile 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: 164
  • Round size: Seed $50k–$13M; Series A $4M–$26M; Series B $12M–$63M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • fileAI — Automate and analyze any file with AI. fileAI builds proprietary AI components for complex agentic workflow automation.
  • Diaflow — Diaflow is an agentic automation platform that enables users to automate their business processes using natural language
  • 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.
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Indogen Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Mobile startups

Venture Capital Indonesia for sector agnostic investor in southeast asia. We are based in Jakarta with deep operating experience in Indonesia.

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Investment focus

  • Industry: Information Technology, E-Commerce, Mobile Apps
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Taiwan

Investor stats

  • Total investments: 38
  • Round size: Seed $300k–$5M; Series A $1.8M–$30M; Series B $6.5M–$65M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Qoala — Asuransi online yang siap melindungi kamu dan orang tersayang, di mana aja, kapan aja. Premi murah, proses klaim mudah, dan 100% digital!
  • Jejakin — Kick off your sustainable journey with us
  • Noctua Games — Play by Noctua Games - Discover and play amazing games. Experience the ultimate gaming platform with instant play, gacha mechanics, and more.
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Central Capital Ventura
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Mobile 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: 28
  • Round size: Seed $2.8M–$8.3M; Series A $1M–$45M; Series B $60M–$80M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $14M 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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Alphamomentum
VC Fund · Dki Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Mobile startups

Alphamomentum is a venture capital and private equity firm that invests in startups and early-stage businesses.

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Investment focus

  • Industry: Information Technology, Apps, Sports
  • Stage:Seed, Pre-Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • ADX Asia — We develop a platform for outdoor advertising and create ROI measurement method and technologies.
  • AYO Indonesia — Sewa lapangan, cari lawan sparring dan kawan main bareng, hingga kompetisi dalam satu aplikasi
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Antler
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Mobile 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: United States, Singapore, Australia

Investor stats

  • Total investments: 2387
  • Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
  • Plouton AI —
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Lendable
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Indonesia Mobile startups

Lendable is a technology enabled investment and alternatives platform that focuses on global impact alternatives.

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Investment focus

  • Industry: Financial Services, FinTech, Lending
  • Stage:Debt Financing, Series A, Seed
  • Geography: Philippines, Indonesia, Singapore

Investor stats

  • Total investments: 39
  • Round size: Series A $16M–$38M; Debt Financing $5M–$50M
  • Lead/follow: 85% lead, 15% follow
  • Last fund: Likely still investing — raised $1M in 2021

Portfolio highlights

  • F88 — F88 brand name was established in 2013. pioneered in professionalizing of pawn services in Vietnam, bringing fast, reliable and professional financial solution to consumers, blowing fresh winds to the traditional pawn market. With the model of nationwide pawn system, F88 currently provides loans with diversified mortgage assets such as cars,motorcycles, mobile phones, laptops, etc. F88’s competitive advantage lies at the professional management team with a strong commitment toward bringing customers reliable, professional, friendly and fast financial services, from which, to change social perceptions about traditional pawn market. With a wide network of stores, modern technology system, well-trained staffs and high quality services, F88 has been honored Gold Cup for reliable products, perfect service, preferred brands in 2016 granted by Intellectual Property and Creativity magazine – Intellectual Property Association of Viet Nam and Intellectual Property International Academy.
  • Metafin — Metafin Cleantech Finance - Solar & Clean Technology Financing and Loans
  • Mattilda — Mattilda is the only one-stop-shop solution for LatAm private schools, dedicated to easing the operating and financial issues of schools through an AI powered system of record. It provides access to automated collection management products, payment aggregation services, revenue factoring, a specialized CRM, operating AI agents, medium and long-termcredits and a student information system to help them solve their everyday problems while focusing on the most important thing; providing high-quality education. It operates across Mexico, Colombia and Ecuador and serves +415k students.
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Tiger Global Management
VC Fund · New York, New York, United States · 2 investments in Indonesia Mobile startups, 33 in the past 12 months

Tiger Global Management is an investment firm focusing on both public and private equity. It invests in global companies leveraging technological innovation. Its public equity business includes long/short and growth strategies, while its private equity business targets early to late-stage companies across various industries. Tiger Global's approach centers on identifying high-quality growth opportunities, working with portfolio companies across their lifecycle.

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Investment focus

  • Industry: Software, FinTech, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, China

Investor stats

  • Total investments: 1419
  • Round size: Series A $6.5M–$54M; Series B $20M–$125M; Series C $30M–$255M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • ICON — ICON designs and builds architecture for humanity while creating technology to help builders work better, faster, and at lower cost. Discover more!
  • Vecna Robotics — Vecna Robotics is the leading autonomous mobile robot (AMR) company that provides logistics automation and workflow optimization solutions.
  • Temporal Technologies — Build invincible apps with Temporal's open source durable execution platform. Eliminate complexity and ship features faster. Talk to an expert today!
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Spiral Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Mobile startups

Our former entity “IMJ Investment Partners” was established in 2012 by IMJ Corporation (“IMJ”), a major digital marketing company, as an independent venture capital subsidiary in Japan. After IMJ was acquired by Culture Convenience Club (“CCC”) in 2013, we continued our investment activities independently, and eventually relocated our office toSingapore to change our strategy and start a venture capital fund for the Southeast Asia market. In 2015, we established the Japan office and started a venture capital fund for the Japanese market.In tandem with the expansion of our business, we left the CCC Group, changed our name to “Spiral Ventures” in 2017, and made a fresh start as an independent venture capital firm.taken from https://spiral-ventures.com/en/group-info/

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Bumame — Bumame menghadirkan layanan kesehatan terpadu, medical check up, vaksinasi, konsultasi dokter, dan informasi kesehatan.
  • TWO — TWO is a health and wellness company that offers innovative lifestyle solutions 2foods, a line of healthy and delicious food products.
  • SPUN — The most reliable online visa platform in Indonesia with 24/7 dedicated assistance and money-back guarantee.
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Prima Digital Solusindo
VC Fund · Surabaya, Jawa Timur, Indonesia · 2 investments in Indonesia Mobile startups

Prima Digital Solusindo is a software manufacturer specializing in restaurants, cafes and karaoke.

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Investment focus

  • Industry: Apps, SaaS, Mobile
  • Stage:Seed
  • Geography: Indonesia

Investor stats

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

Portfolio highlights

  • Meeber — PT Meeber Teknologi Indonesia is a company which delivers end-to-end solutions from automation in customer ordering and payment which integrated with POS systems, and excellent customer loyalty and engagement to create a comprehensive digitalization of F&B Businesses
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Reynazran Royono
Angel · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Mobile startups

Reynazran Royono is based out of Jakarta, Jakarta Raya and is the Founder & CEO of Snapcart. Reynazran previously worked at 701Search Pte Ltd as a General Manager. Reynazran Royono attended the Bandung Institute of Technology.

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Investment focus

  • Industry: Apps, Mobile, Big Data
  • Stage:Seed
  • Geography: Indonesia

Investor stats

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

Portfolio highlights

  • Snapcart — Snapcart is a cashback app that incentivizes consumers to take photos of their receipts in exchange for rewards. The insight it compiled and offered to brands and retailers, providing a more accurate measurement of consumer behavior than many existing research methods. The company is based in Indonesia and backed by Ardent Capital.
  • Snapcart — Snapcart is a cashback app where users earn rewards by uploading shopping receipts and engaging with surveys or games.
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MPGI
VC Fund · London, England, United Kingdom · 1 investments in Indonesia Mobile startups

MPGI is a private holding that invests in disruptive technology companies globally. Its portfolio companies have collectively raised over US$ 2.5 billion in capital, employ over 8,000 people and have operations in 30 countries across six continents.

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, India, United Kingdom

Investor stats

  • Total investments: 48
  • Round size: Seed $2M–$10M; Pre-Seed $3M–$6M; Series A $8M–$100M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Bamba — Bamba is an android application allowing micro-merchants across Africa to run their entire business utilizing their phones. It focuses on simple tools for merchants to manage their customers, get paid, payout as well as takeout cash advances against their future cash flow.
  • Lilo — Lilo is the first invest-and-experience platform offering the most sought-after properties around the world.
  • Bamba — Today, organizations spend a lot of money on physical data gathering exercises using old-fashioned paper-based methods. These methods result in expensive, severely delayed and incomplete data . With Bamba, a client can launch a data collection exercise anywhere in the world simply from the comfort of their web browser and the client can ensureindividuals respond with complete answers by paying those individuals for that data with mobile airtime in 122 different countries thus far.
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Jianpu Technology
VC Fund · Beijing, Beijing, China · 1 investments in Indonesia Mobile startups

Jianpu Technology Inc. is the independent open platform for discovery and recommendation of financial products in China, according to the iResearch Report*. By leveraging our deep data insights and proprietary technology, we provide users with personalized search results and recommendations that are tailored to each user’s particular financialneeds and credit profile. We also enable financial service providers with sales and marketing solutions to reach and serve their target customers more effectively through online and mobile channels, and enhance their competitiveness by providing them with tailored data, risk management and end-to-end solutions. We are committed to maintaining an independent open platform, which allows us to serve the needs of users and financial service providers impartially.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Corporate Round
  • Geography: Indonesia

Investor stats

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

Portfolio highlights

  • Cashcash — Cashcash is the largest financial intelligence platform in Indonesia. It can purchase various commodities like supermarkets. Here, you can choose financial products.
  • Quantum Trust — Quantum Trust provides custody and settlement services to institutional and high-net-worth clients across all major asset classes.
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Centauri Fund
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Mobile startups

Centauri Fund, a new growth-focussed venture capital fund jointly established by KB Investment, a business unit under Korea’s financial institution KB Financial Group and MDI Ventures, the corporate venture capital initiative under Indonesia’s state-owned telecommunication company TelkomGroup with headquarters in Jakarta and Seoul. Centauri Fundaims to invest between US$1 million and US$5 million in rounds that range from pre-series A to series B stage in tech startups throughout ASEAN, with an emphasis on its largest market, Indonesia.

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Investment focus

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

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • BillEase — No credit card? No problem. Buy now, pay later at your favorite stores with Billease and avail monthly installment plans with 0% interest. Split your purchase in 4 payments or pay only 1/3 upfront and the rest up to 12 months. No hidden fees. No surprises. Learn more here.
  • Webuy Global — WEBUY offers affordable local food and beverage (F&B) products through its platform that runs on a group buying model. WEBUY said it designed its platform to mimic social media influencer-driven interactions to increase the visibility of small merchants.
  • Starling Medical — An AI enabled urinary catheter that allows neurogenic bladder patients the normal use of a toilet and the real time detection of their UTIs.
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Gobi Partners
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Indonesia Mobile startups, 10 in the past 12 months

Gobi Partners: Leading Venture Capital in Asia. Accelerating Innovation, Fueling Success.

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Investment focus

  • Industry: Financial Services, E-Commerce, Internet
  • Stage:Series A, Seed, Series B
  • Geography: China, Malaysia, Singapore

Investor stats

  • Total investments: 186
  • Lead/follow: no public data

Portfolio highlights

  • RushOwl — RushOwl is a dynamic ride-sharing company that offers timely and affordable shuttle rides.
  • SleekFlow — SleekFlow makes customer messaging apps such as WhatsApp and Facebook connected to one platform for teams to better support and engage customers.
  • nanoSkunkWorkx — nanoSkunkWorkX develops nanotechnology for AGI scaling and allergy biosensing.
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DAAL
VC Fund · Al Khobar, Ash Sharqiyah, Saudi Arabia · 1 investments in Indonesia Mobile startups

The aim of Daal is to create excellent opportunities for investment by providing mentorship and business development insights to companies within the IT space.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Convertible Note
  • Geography: Tunisia, Egypt, United Arab Emirates

Investor stats

  • Total investments: 19
  • Lead/follow: no public data

Portfolio highlights

  • Pulppo — Pulppo is the first Tech Enabled broker for Latin America. We partner with the best brokers in the region and empower them with tools, technology and resources to create a simple and transparent buying process. Pulppo was founded by Agustin Iglesias, former GM of Inmuebles24 and founder of Tokko Broker (Acquired by Navent) and Matias Gath, formerGM of Glovo in Argentina and founder of Kadabra (acquired by Glovo).
  • Kamioun — Kamioun is a mobile platform that connects FMCG manufacturers to local retail shops by fast free delivery of inventory.
  • Paper.id — Atur tempo pembayaran bisnis serta kirim & terima pembayaran dengan kartu kredit, invoice juga langsung sah dengan e-Meterai. Coba Sekarang!
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Mobile Investor funding in Indonesia at a glance

Stats across 58 deals from 100 investors.

100
investors
in Indonesia Mobile startups
58
deals
in Indonesia Mobile startups
$2.5M
median round
in Indonesia Mobile startups
35%
lead investors
lead at least one round
36%
Seed
most common funding stage
93/7
VC / Angel
share of investor count

Access all 100 investors in Indonesia Mobile startups.

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