# Convergence Ventures

> Convergence Ventures is a VC fund backing Financial Services and Internet. See 55 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Jakarta, Indonesia
- Total investments: 55
- Last investment: Feb 2022
- Lead investor: 16%
- Fund size: $30M
- Last fund: Oct 2016
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/convergence-ventures/
- X (Twitter): https://twitter.com/convergencevc
- Website: https://www.convergencevc.com
- Facebook: https://www.facebook.com/convergencevc/

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.

## Contacts

5 contacts available for Convergence Ventures. Shizune tracks 6 team members at Convergence Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/convergence-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $120k–$3M |
| Series A | $1.3M–$21M |
| Series B | $7.5M–$60M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 9 | 16% |
| Internet | 8 | 15% |
| FinTech | 7 | 13% |
| E-Commerce | 5 | 9% |
| Software | 4 | 7% |

95 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 20 | 36% |
| Seed | 16 | 29% |
| Series B | 8 | 15% |
| Convertible Note | 3 | 5% |
| Funding Round | 2 | 4% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Indonesia | 27 | 49% |
| Singapore | 10 | 18% |
| Taiwan | 1 | 2% |
| Malaysia | 1 | 2% |
| United States | 1 | 2% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Adrian Li | Managing Partner, Founder | 28 | https://shizune.co/investors/profile/adrian-li |
| Alvin Cahyadi | Investment Associate | 0 | https://shizune.co/investors/profile/alvin-cahyadi |
| Blair Duncan | CFO & Co-Founder | 0 | https://shizune.co/investors/profile/blair-duncan |
| Maliekah Harjani | Investment Analyst | 0 | https://shizune.co/investors/profile/maliekah-harjani |
| Tanisha Banaszczyk | Head of Investments | 1 | https://shizune.co/investors/profile/tanisha-banaszczyk |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 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. | $60M | Series B | Feb 07, 2022 |  |
| Pandemic Insights | Pandemic Insights, Inc. is a preventive health software company that combines data and AI insights with human behavior dynamics, helping individuals and organizations make informed decisions to slow the spread of COVID-19 or any virus worldwide. Using a hybrid venture capital and government funding model, Pandemic Insights will offer a free versionof its mobile app to individuals worldwide with a goal of achieving mobile app herd deployment to advance the fight against pathogens. | $5M | Series A | Mar 24, 2021 |  |
| Danacita | Danacita is a loans to fund their tertiary education and training in Jakarta. | $5M | Series A | Feb 25, 2021 |  |
| Shipper | Shipper is a digital logistics platform that helps freight forwarders to deliver goods easily. It works with online or corporate vendors to pick up items to be shipped using selected logistics services. It cooperates with online sellers or companies to pick up goods to be sent using selected logistics services. Its platform offers package pick-upservice and fulfillment centers, help logistics providers manage shipments, predicts shipping routes, consolidate packages headed in the same direction, and also provides a multi-carrier API that enables sellers to manage orders, print shipping labels, and get tracking information from multiple providers on their phones. | $20M | Series A | May 20, 2020 |  |
| Kargo Technologies | Kargo Technologies is a freight logistics marketplace covering the entire Indonesian archipelago. The Company enables shippers, transporters, and truckers to connect, transact, and track shipments in real-time on a platform, which they can access via the website and mobile app.With Kargo Technologies, users can expand their shipping businessnetwork and increase revenue. | $31M | Series A | Apr 13, 2020 |  |
| Stockbit | Stockbit adalah komunitas investasi di Indonesia. Stockbit memberi ruang bagi investor dan trader untuk berbagi ide, berita dan informasi keuangan lainya secara real-time. Pengguna bisa membuat profil dan mengikuti saham tertentu atau investor favorit untuk mendapatkan informasi berharga dan bertukar pikiran. | $10M | Series B | Feb 27, 2020 |  |
| Hacktiv8 | Hacktiv8 is the leading coding bootcamp in Indonesia that turns absolute beginners into job ready developers. Hacktiv8 is also the first institution in Indonesia to offer Income Share Agreements (ISA) Education financing to allow students to learn for free in exchange for a share of future income. | $3M | Seed | Jan 15, 2020 |  |
| Carsome | Carsome is an online used car platform that provides efficient car selling services to individuals and entities. Through its online bidding portal, customers are able to sell their vehicles directly to dealers. Carsome facilitates the entire car selling process from inspection to valuation, bidding, and payment as well as logistics needs, allowingthe customers to sell their cars.It was founded in 2015 and headquartered in Malaysia, the company has expanded to Indonesia, Thailand, and Singapore. | $50M | Series C | Dec 11, 2019 |  |
| 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. | $10M | Series A | Sep 18, 2019 |  |
| Logisly | Logisly believes that industry 4.0 requires connectivity between the offline and online worlds. In the supply chain, technology will play a major role, not only in automating processes or reducing costs, but also providing in-depth data-based analysis for decision making and business operations. |  | Seed | Aug 15, 2019 |  |

10 of 55 investments shown.

## Co-investors
- [East Ventures](https://shizune.co/investors/profile/east-ventures) — VC Fund, 9 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 8 deals together
- [Gobi Partners](https://shizune.co/investors/profile/gobi-partners) — VC Fund, 8 deals together
- [Golden Gate Ventures](https://shizune.co/investors/profile/golden-gate-ventures) — VC Fund, 7 deals together
- [Skystar Capital](https://shizune.co/investors/profile/skystar-capital) — VC Fund, 7 deals together
- [Wavemaker Ventures](https://shizune.co/investors/profile/wavemaker-partners) — VC Fund, 6 deals together

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## FAQ

### What does Convergence Ventures invest in?

Convergence Ventures invests primarily in Financial Services, Internet and FinTech startups, most often at Series A and Seed stage. Most of the 55 investments tracked by Shizune back companies in Indonesia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Convergence Ventures's check size?

Convergence Ventures typically joins rounds of $120k–$3M at Seed, $1.3M–$21M at Series A and $7.5M–$60M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Convergence Ventures participates in.

### How do I contact Convergence Ventures?

Public channels for Convergence Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Convergence Ventures?

The team at Convergence Ventures includes Adrian Li (Managing Partner, Founder), Alvin Cahyadi (Investment Associate) and Blair Duncan (CFO & Co-Founder), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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