Investors in Indonesia

SMDV partners with entrepreneurs building exceptional technology companies that aim to change the landscape in Indonesia and the region by providing venture investments, strategic network, and mentorship. Entrepreneur ourselves, we work to understand each company’s needs and contribute to their market leadership and culture building. We invest in different stages of the companies’ life cycle, primarily in their growth stage.

Arise empowers the next generation of founders building 'Real Actual Business Building Interesting Tech' (RABBIT) in the post-pandemic era by providing long-term capital, strategic go-to-market networks, and hands-on company building.

Beenos Partners is a venture capital arm of BEENOS Inc, specializing in incubation, startup, and early stage to late stage investments. The firm primarily invests in the United States of America, India, Indonesia, Japan, and Turkey. Beenos Partners was previously known as Netprice Partners Co., Ltd. It was founded on May 2012 and is based in Tokyo, Japan.

Kinara Indonesia is an early-stage Impact Investing firm focusing on providing financial access and scaling-up support to impact businesses in Indonesia.We aim to solve early stage ventures problem in accessing alternative business financing. To build pipeline for investors and investees, we focus on delivering our values to Indonesian early-stage impact businesses through business acceleration and venture financing programs.Our current portfolio:Pandawa Agri Indonesia: https://pandawaputraindonesia.com/An integrated agricultural service provider, i.e. seedling, organic agri-input products, and pest solution.Greeneration Indonesia: http://greeneration.id/A service provider in waste management towards zero waste principal.Seekmi: https://seekmi.com/An intelligent service marketplace that simplifies the process of finding and engaging local service providers.GMX (GEOFF Max Footwear): https://geoff-max.com/A producer of local footwear brand and expand its business from online to offline channels.

Comanche is an information technology solutions company based in Thailand. We have more than 20 years’ experience in the hotel IT industry, creating management systems that provide seamless integrated solutions for hotels and serviced apartments. Our name and reputation have been established since 1996. We now have more than 600 customers in 17 countries, with hotels ranging in size from 19 rooms up to 1,300 rooms. More than 30 percent of our current customers are hotels that have converted from other software systems. Along with our home base of Thailand, we have customers Myanmar, Vietnam, Laos, Australia, Cambodia, Hong Kong, Macau, China, Japan, Indonesia, Philippines, Maldives, Malaysia, Taiwan, India, Sri Lanka, and Singapore.

Everhaus is an Acceleration Development Partner that partners with you for the long run. We will empower you through your entrepreneurship journey regardless of your developmental stage. From start, to scaling, or gearing for exit, we are here to put you first.

Inspired by the everlasting golden rays of the sun, which gives light and life, Eka Tjipta Widjaja began his business, now known as Sinar Mas, in the city of Makassar of 1938.Fuelled by the founder’s passion and indomitable spirit, Sinar Mas has now flourished into seven main pillars of business that provide products and services to cater to daily necessities.Seven business pillars operate under the Sinar Mas brand name: Pulp & Paper, Agribusiness & Food, Financial Services, Real Estate Development, Communication & Technology, Energy & Infrastructure, and Healthcare.Every single one of Sinar Mas’ business enterprises is established as an independent entity based on the same values and history.As a brand, Sinar Mas is managed by the President Office which bridges communication within the business pillars of Sinar Mas, as well as with external parties.Based on Integrity, Positive Attitude, Commitment, Continuous Improvement, Innovative, and Loyal, Sinar Mas continues to grow both on the national and global scale.Sinar Mas, the nation’s asset for the people’s welfare.

K2 Global is a venture capital firm founded in 2015 with offices in Silicon Valley and Singapore. The firm focuses on investing in late-stage technology companies, particularly in sectors such as fintech, food tech, consumer tech, deep tech, machine learning, and artificial intelligence. K2 Global has a diverse portfolio that includes notable companies like Palantir, Spotify, Coinbase, Airbnb, Allbirds, Paytm, Pinterest, Warby Parker, Scopely, Oatly, and Impossible Foods. The firm's limited partners are prominent leaders in industries across Singapore, the United States, India, Indonesia, Japan, Hong Kong, Thailand, Malaysia, and Australia, with strategic holdings in textiles, plastics, food, beverage, distribution, manufacturing, telecom, real estate, and hospitality. K2 Global aims to support startups in expanding globally by leveraging its established network of industry leaders, strategic partners, and limited partners.

Ideosource is a venture capital firm dedicated on making investment in early-stage to later-stage. From the infancy of Indonesia’s internet economy in 2011, Ideosource has ignited the local Internet ecosystem. Our approach combines a bottom-up investment selection process with a top-down view of the economy. Our team finds 3 key Investment Themes that will drive Ideosource investment strategies. For early stage companies, we are looking an innovative, unique and new solutions to local problems and has potential for application in other regions with strong and insightful founders. We are also looking companies that disrupt the offline market to become online. For a late stage investment, we are looking to the Number 1 in category, unbeatable traction and ability to attract follow on investments. With the Ideosource current’s portfolio and networks, Ideosource has proven to be valuable for the entrepreneurs when it comes to business development, marketing and brand building, access to talents, fundraising network and financial/accounting support. Our passion is working alongside entrepreneurs to give birth to new technologies and insights to become industry-leading companies. We invest in companies across Asia-Pacific especially Indonesia. Our startup founders are idealistic yet grounded, visionary yet execution oriented, charted into new technology yet insightful to the customers and consumers they served.

3B Ventures is liquidating. 3B Ventures is a venture capital firm specializing in startup, pre-seed, seed, bridge, or Series A investments. The firm seeks to invest in energy, water, agriculture, education, health sectors, blockchain, robotics, IoT, Smart Sensors, AR/VR. It prefers to invest in Southeast Asia, Europe, Nordic Region and the US with a focus on Denmark, Sweden, Norway, Finland, Malaysia, Singapore, Thailand, and Indonesia. The firm typically invests between $0.25 million and $1 million, with allocation for follow on funding up to $2 million. It puts a special focus on companies that are aiming to solve at least one of the 17 social or environmental issues included in the United Nations’ Sustainable Development Goals. 3B Ventures is based in Denmark.

AC Ventures is a venture capital firm specializing in investments in early-stage startups and angel/pre-seed, seed, pre-Series A/bridge and Series A-stage companies. Firm prefer to make growth-oriented investment. The firm invests in Indonesia and ASEAN. The firm prefers to invest in technology, e-commerce, startups that serve MSMEs (or micro, small and medium-sized enterprises) and digital media-enabled services, entertainment and healthcare, consumer, financial technology, climate and sustainability, mobility and logistics, healthcare, education, enterprise solutions, retail, and commerce infrastructure. The firm prefers to invest up to $3 million. AC Ventures is based in Jakarta Indonesia.

ATM Capital is an early to growth stage venture fund rooted in Southeast Asia. The ATM Capital team consists of Chinese and Southeast Asian professionals with significant experience in investment, entrepreneurship, technology and operations. With a broad and deep network in both China and Southeast Asia, the fund aims to invest in startups in the region and provide them with growth capital, human and strategic resources to become category leaders in the region.

GDP Venture is a venture capital firm dedicated to supporting innovative startups and entrepreneurs across various industries. With a focus on early-stage investments, the firm aims to foster growth and scalability in its portfolio companies. By providing strategic guidance, operational support, and access to a vast network of industry experts, GDP Venture seeks to empower founders to achieve their business objectives and drive long-term success. The firm's investment philosophy centers on identifying high-potential opportunities and partnering with visionary leaders to create lasting value.

Golden Gate Ventures is an early-stage venture capital firm founded in 2011, headquartered in Singapore, with offices in Indonesia, Vietnam, the United States, and Qatar. The firm focuses on empowering audacious founders across Southeast Asia by providing both human and financial capital. With over $250 million in assets under management, Golden Gate Ventures has invested in more than 90 companies across various sectors, including fintech, e-commerce, healthtech, and agritech. The firm's mission is to support founders who challenge norms and leverage technology to transform industries.

VinVentures is a venture capital firm specializing in early stage, early venture and seed/startup companies. It specializes in growth capital investments. It prefers to invest in AI, semiconductors, cloud computing, and other high-tech products while remaining open to startups in other fields that demonstrate long-term vision, a mission for sustainable development, and possess pioneering technologies. The firm targets startups within the dynamic markets of Vietnam and Southeast Asia; Vietnam, Singapore, Indonesia, and the Philippines. VinVentures was founded in 2024 and is based in Hanoi, Vietnam.

BRI Ventures is a venture capital arm of PT Bank Rakyat Indonesia (Persero) Tbk specializing in growth and late-stage startup investments. The firm will invest in fintech, retail, education, and healthcare. BRI Ventures was founded in 2019 and is based in Jakarta, Indonesia.

Building new businesses and investments in the field of EdTech, Providing IT solutions and platforms for the education industry, Supporting next generation education and school management systems.

Fajr Capital Limited is a private equity and venture capital firm specializing in early venture, mezzanine, growth capital, buyout, infrastructure investments. It makes its investments with a commitment to Shariah principles. The firm invests in companies operating across diversified sectors with a focus on financial services, infrastructure, healthcare, energy and resources, education, food and beverage sector, logistics, oil and gas services, industrial manufacturing, and renewable energy. The firm also makes investments in waste water treatment, hospitals and healthcare centers, schools, marine ports and services, road and rail, marine, water, sewer and pipeline construction, petrochemicals, oil and gas storage and transportation sectors. The firm primarily makes its investments in high-growth Organisation of Islamic Cooperation (OIC) markets focusing on Algeria, Brunei Darussalam, Indonesia, Malaysia, Saudi Arabia, Turkey, the United Arab Emirates, Oman, Egypt, Bahrain, Iraq, Jordan, Kuwait, Qatar, Libya, Morocco, and Tunisia. The firm invests between $50 million and $100 million in its portfolio companies. Fajr Capital Limited is based in Dubai, United Arab Emirates with additional offices in Kuala Lumpur, Malaysia and London, United Kingdom.

Lazada Group is Southeast Asia’s leading eCommerce platform. With a presence in six countries – Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam – we connect this vast and diverse region through our technology, logistics and payments capabilities. Today, we have the largest selection of brands and sellers, and by 2030, we aim to serve 300 million customers. In 2016, Lazada became the regional flagship of the Alibaba Group, and is backed by Alibaba’s best-in-class technology infrastructure.

MDI Ventures is the corporate venture capital arm of PT Telekomunikasi Indonesia Tbk (Telkom), Indonesia's largest telecommunications company. Established in 2015, MDI Ventures focuses on investing in early to growth-stage technology startups that align with Telkom's strategic interests, aiming to drive digital transformation and innovation within the telecommunications and technology sectors. The firm operates both domestically and internationally, seeking opportunities that can enhance Telkom's digital ecosystem and provide value to its customers. MDI Ventures has a history of strategic investments in various sectors, including fintech, e-commerce, and digital media, reflecting its commitment to fostering innovation and supporting the growth of the digital economy in Indonesia and beyond.

Obor Capital is a venture capital firm specializing in early-stage, growth capital investments and investments in start-ups and local small and medium enterprises. The firm invests in waste management, clean water utilities, e-commerce, logistics, and pet care. We seek innovative ideas that can transform into robust enterprises, driving sustainable growth. The firm prefers to invest in Cambodia, Laos, Vietnam and Indonesia. Obor Capital was founded in 2016 and is based in Phnom Penh, Cambodia.

SEAVI Advent is a private equity and venture capital firm specializing in growth capital investments in early stage, mature, mid stage, late venture, later stage, pre-IPO, control transactions, middle market, recapitalizations, acquisition, and buyout financing. The firm prefers to invest in all industries with a focus on business services, specialty retailing, healthcare services, chemicals, telecoms, information technology, environmental engineering and clean energy, industrials, consumer-related business, oil and gas, and green energy sectors. It seeks to invest in Southeast Asia, Asia Pacific, and Greater China with a focus on Singapore, Malaysia, Hong Kong, Indonesia, and Mainland China. It typically invests between $1 million and $5 million for pre-IPO and for growth-stage and mature companies seeking later-stage funding it invests between $10 million and $25 million in companies with enterprise value ranging between $25 million and $100 million. The firm prefers to lead the investments and take a seat on the board of directors of its portfolio companies. SEAVI Advent was founded in 1984 and is based in Singapore, Singapore with additional offices in Kowloon, Hong Kong and Shanghai, China.

DS/X Ventures is a venture capital firm specializing in post-revenue startups and early stage investments. It invests in products of the future. The firm primarily invests in tech sector. It invests in Indonesia. DS/X Ventures was founded in 2022 and is based in Singapore.

East Ventures is a pioneering and leading sector-agnostic venture capital firm in Southeast Asia. As an early believer in Indonesia’s startup ecosystem and the most active investor in the region, they empower visionary founders to create lasting and sustainable impacts. With a portfolio of over 300 startups and more than 500 founders, East Ventures has been instrumental in numerous successful exits. Their investment philosophy focuses on supporting tech founders and disruptors across Southeast Asia, with a commitment to ethical stewardship and social accountability towards a more sustainable future. This is evident in their 2024 Sustainability Report, which highlights responsible investments, carbon efficiency, environmental preservation, and dedication to positive impacts.

We are an early stage venture capital firm focusing on Europe and on South East Asia. We are thematic investors focusing on technology-enabled innovation bringing about the transformation of the financial services sector. Our investments include marketplaces (e.g. deposits, lending, car repairs and legal services), security (e.g. fraud), online distribution models (e.g. mortgage broking, personal lines insurance as well as car loans) and software (e.g. SaaS, data management).