For tourists, Indonesia may be famous for its sunny disposition and natural wonders. But for business people, Indonesia is better known as one of the world's largest and most dynamic markets. With a whopping population of 273.5 million people, Indonesia is the 4th most populous country in the world, as well as the highest number of internet users in Southeast Asia with 202 million users at a penetration rate of 73.7%.
As the fastest-growing internet economy in SEA, Indonesia is the hotbed for startups trying to cast their net into the Indonesian waters. Keep reading to find the full list of VCs and Angel Investors in Indonesia!
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With a lot of grounds to cover, there are plenty more opportunities to grasp. This is the sentiment on the startup landscape in Indonesia. As plenty of startups concentrate their efforts in this tropical country, a number of investors are flocking into the market to get a piece of the action. In fact, Indonesian startups received the largest share of investments in Southeast Asia. To put it in numbers, US$19 billion in investments have been deployed in SEA from January 2020 to June 2021, and Indonesia captured 38.7% of that capital ($7.5 billion).
To add, out of 8 startups that received the most funds in the region, 4 hailed from Indonesia. These are Grab, taking the number 1 spot, followed by Goto, J&T, and Bukalapak. GoTo and J&T themselves have raised $8.6 billion and $2.2 billion respectively, so it is no wonder how the two managed to make their way to become decacorns - earning market capitalization valued at US$32 billion and US$20 billion respectively.
Today, startups are bidding their luck trying to be one of the next unicorns born and grown in Indonesia. As much competition there is, the opportunities are so big and bountiful that it is simply hard to pass up; making it the best reason to raise your funds in Indonesia. To help you with your financing efforts, we have prepared a list of investing firms within the region. But before that, let's clarify some definitions.
What's the Difference Between an Angel Investor and a Venture Capital Fund?
Angel Investors: Individuals who use their personal money to invest in businesses. Accredited Angel investors are required to have a minimum net worth of $1 million and an annual income of at least $200,000. Angels are slightly more risk-taking as they are more likely to invest in businesses that are just starting out, often choosing ventures out of interest and potential profitability even if there is no proven track record. Angels tend to focus more on helping founders build their businesses, hence many acts as mentors and advisors to help with decision-making. Angels invest a lesser amount of money into businesses, typically in the thousands.
Venture Capitalists: Firm that invests in ventures using funds pooled from investment companies, large corporations, pension funds, and other sources. VCs are slightly more risk-averse and typically invest in businesses that are already established or have significant traction, but recently there has been growth in Seed-stage financing. They have stricter terms, usually requiring a position within the Board and a solid exit strategy. VCs invest a larger amount of money into businesses, typically in the millions.
Below, in no particular order, is our complete rundown of both these types of investment entities in the region.
Venture Capitalist Funds in Indonesia
The venture capitalist funds below are actively looking for investment opportunities in diverse sectors and at different stages. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed. All quoted investment ranges are in US Dollars.
Type: VC
Year of Inception: 2018
Stage: Pre-Seed, Seed, Series A
Investment Value: $1 million - $20 million
Focus: Food, Retail, Wellness, Creator Economy, Circular Economy, Financial Inclusion
Notable Portfolio: Burgreens, Riliv, Grouu, Siklus, Binar Academy, Ringkas
Teja Ventures is a consumption-focused VC headquartered in Singapore, with offices in Jakarta, Indonesia, and Shanghai, China. They are looking for a disruptor with scalable tech-driven solutions to build a category-defining leader in the consumption space. To qualify, you need a value proposition that covers 4 essential items: proprietary tech infrastructure, data-driven, and integrated supply chain, digital-first or native with omnichannel presence, and consumer-centric product allowing for mass customization and personalization. With deep expertise and network across China-ASEAN, they'll help entrepreneurs apply cross-border tech and business models for their go-to-market strategy, using Singapore as a launchpad to internationalization.
Type: VC
Year of Inception: 2019
Stage: Seed, Series A
Investment Value: $1 million - $5 million
Focus: Sector Agnostic
Notable Portfolio: Nala Genetics, Halodoc, Ayoconnect, Populix, Boom eSports
Operating from Surabaya, Indonesia, Brama One Ventures invests in early-stage companies across a variety of industries. Some of their portfolio companies are Halodoc in HealthTech, Ayoconntect in FinTech, Grenhope in GreenTech, and Gomodo in TravelTech, among many others. As a family office, their VC is highly involved in the founders and the deals, with the principal being involved directly in the investment process. They look for founders and teams with strong leadership skills and vision, a strategic value synergistic to their portfolio companies, and a unique industry theme.
Type: VC
Year of Inception: 2014
Stage: Seed, Series A
Investment Value: $3 million - $50 million
Focus: E-Commerce / Marketplace Verticals, Enabling Technologies / B2B SaaS, Financial Technology, Digital Media & Social
Notable Portfolio: Xendit, Moka, Carsome, Hactiv8, Workmate
Convergence Ventures invests in early-stage technology ventures that are disrupting the Indonesian market with digitally-enabled products. The fund is led by Partners Adrian Li and Donald Wihardja, who had extensive experience in Internet and Mobile businesses in emerging markets. Within their Advisory Board and Limited Partners are seasoned professionals from US and Asia, bringing cross-border intelligence and contacts across key strategic locations globally. They are looking for founders with deep experience and understanding of the business and industry they're in, with a focus on the Indonesian market. They would prefer business models that have shown success in more mature technology markets such as the US and China. Some of their notable portfolio companies are Xendit, Qraved, GoWork, KoinWorks, Stockbit, e27, and FemaleDaily.
Type: VC
Year of Inception: 2015
Stage: Seed, Series A
Investment Value: $1 million - $26 million
Focus: E-commerce, Financial Technology, Marketplaces, Healthcare, Education
Notable Portfolio: 99.co, Bridestory, Cove, Carro, iPrice, Ovo, Zilingo
Venturra is a VC firm that focuses on early-stage high-growth ventures in Southeast Asia. Primarily, they seek internet companies ready for international expansion, with founders who are disrupting industries with a new business model. In the team are seasoned investors and experienced professionals across various fields, bringing their own experience in building companies, their knowledge in scaling, and connections to help you grow your business and achieve lasting impact. Among many of their portfolio companies are iPrice, Bridestory, Sociolla, Shopback, Antler, Cove, and many more.
Type: VC
Year of Inception: 2014
Stage: Seed, Series A
Investment Value: $2 million - $7 million
Focus: Sector Agnostic
Notable Portfolio: Base, Bridestory, Carro, Coffee Meets Bagel, KooBits
With the mission to empower future tech leaders in Southeast Asia and Indonesia, Skystar Capital invests in early-stage tech companies across diverse sectors. Evidenced by their massive impact, they have amassed over 50 companies and over 100 founders in their portfolio, creating 10,000 jobs. Their portfolio includes well-known companies such as Fuse, Sirclo, Justika, Vospay, Sweet Escape, and more. To help founders grow their businesses, they will act as supportive mentors, provide insights, and introduce founders to strategic partners across their network.
Type: VC
Year of Inception: 2010
Stage: Seed, Series A
Investment Value: $1 million - $20 million
Focus: Commerce, Media and Entertainment, Solution
Notable Portfolio: Blibli, Dekoruma, Gojek, Halodoc, Printerous, Tiket.com
Claiming themselves as more than just a venture capitalist, GDP Venture is a venture builder with the mission to build and grow future world-class companies in the Indonesian economy. They hold the belief that every idea has potential when it's funded by the right people, with innovation beginning from passionate people with the desire to change the world, and success coming from the perfect combination of the right people, process, and idea. As such, they are dedicated to supporting founders in their venture-building with teams of great technopreneurs, engineers, product people, and marketers. Some companies in their portfolio that we may highlight are Gojek, Tiket.com, Blibli, Tinkerlust, Brodo, and more.
Type: VC
Year of Inception: 2017
Stage: Seed, Series A
Investment Value: $1 million - $20 million
Focus: Agriculture, B2B & Enterprise, Education, Finance & Insurance, Health & Wellness, Logistics, New Retail & Entertainment
Notable Portfolio: Xendit, Pinhome, Halodoc, Populix
Intudo, as an amalgamation of the Indonesian words 'Integritas' (integrity), 'Tulus' (sincerity), and 'Jodoh' (serendipity), forms the three core values that the VC apply to their portfolio companies. They are an independent VC firm with an involved/concentrated approach to investments in Indonesia's homegrown companies. They bring their team's diverse backgrounds in founding and operating companies, venture investing, business development, corporate finance, and human resources to scale their portfolio companies to Series B and beyond; often acting in key board positions. Among their portfolio are CoHive, ErudiFi, Pintu, TaniHub, and Common Grounds.
Type: VC
Year of Inception: 2019
Stage: Seed, Series A
Investment Value: $500,000 - $19 million
Focus: Technology [B2C]
Notable Portfolio: Hypefast, Selleri, Wahyoo, Izy, R Fitness
Arkblu Capital is a private investment firm primarily focused on the venture capital asset class in Indonesia. Unlike traditional VC firms, they act as principal investors deploying private capital. Therefore, they are not bound by limited partnership agreements and can invest flexibly with long-term investment horizons. They are looking to partner with early-stage companies with technology-enabled solutions serving the middle-class market in Indonesia. In particular, they are interested in B2C/B2B2C business models. Their portfolio companies include Wahyoo, Hypefast, Izy, Selleri, among others.
Type: VC
Year of Inception: 2020
Stage: Seed, Series A
Investment Value: $1 million - $14 million
Focus: Agriculture, B2B, AgTech, Management Consulting, E-Commerce
Notable Portfolio: Delos, AgriAku, Packworks, Gaspack
Arise VC invests in startup founders building tech-enabled businesses in Southeast Asia. They provide long-term capital, strategic go-to-market networks, and hands-on company-building. They often co-invest with their partners MDI Ventures and Finch Capital in Indonesia, Singapore, Europe, South Korea, and Silicon Valley. Some of their portfolio companies are Pitik, DELOS, AgriAku, and GoCement.
Type: VC
Year of Inception: 2017
Stage: Seed, Series A
Investment Value: $1 million - $35 million
Focus: Technology [B2B, AI, Data Analytics, Commerce Enablers, AR/VR, FinTech, Platform Plays]
Notable Portfolio: Kata.ai, Andalin, Akseleran, KooBits, GoDee, Ohmni Labs
Headquartered in Hong Kong, Access Ventures is a VC focusing on early-stage tech companies in Southeast Asia, primarily in Vietnam and Indonesia. Their partners have a combined 50+ years of experience and deep expertise in global finance and technology investment, with 20+ years of APAC connections and access to co-investment networks. As such, portfolio companies can leverage their corporate networks to grow, with added insights and mentoring by partners for exit strategies. Some of their Indonesia-grown portfolio companies are Kata.ai, Sampingan, and Akseleran, with other portfolio companies hailing from the USA, Korea, and Vietnam.
Type: VC
Year of Inception: 2018
Stage: Seed, Series A
Investment Value: $1 million - $35 million
Focus: Information Technology, Software, Travel, Food and Beverage, Leisure
Notable Portfolio: Bizzy, Bobobox, Coffee Meets Bagel, Fore Coffee, Waste 4 Change
Agaeti Ventures is an early-stage VC investing in technology-enabled startups with a primary focus in Indonesia or an expansion focus into Southeast Asia. They are the team behind some of the most well-loved and used brands in Indonesia and overseas - such as the dating app Coffee Meets Bagel, the waste-management social enterprise Waste4Change, the cabin hotel chain Bobobox, and coffee startup Fore Coffee, among many other impactful B2B and B2C startups in their portfolio.
Type: VC
Year of Inception: 2020
Stage: Seed, Series A
Investment Value: $19 million
Focus: Sector Agnostic
Notable Portfolio: EdenFarm, Gadjian, Webtrace, Bhumi Varta Technology
Corin Capital is an investment firm investing in Indonesian companies across multiple sectors. They employ two investment strategies, venture capital and private equity, with the VC arm focused on Seed and Series A ventures. They take a long-term, concentrated approach to portfolio management, working closely with founders to help them with commercialization, strategies, networks, and operation. Some of their portfolio companies are EdenFarm, BumiVharta, Shortlyst, and Gadjian.
Type: VC
Year of Inception: 2006
Stage: Seed, Series A
Investment Value: -
Focus: Internet
Notable Portfolio: Tokopedia, Ralali, Jago Coffee, Tiki, Kakao
As a VC with specialized incubation capabilities, CyberAgent Capital invests in early-stage internet-related enterprises. Aside from providing financial assistance, they share their incubation know-how from their previous experiences with other internet businesses and use this knowledge to support ventures from the establishment to the early stage and beyond. This includes assistance in crucial areas such as business creation strategy, service development, UI/UX advice, employment and personnel, management, sales and marketing, and internet support. Their portfolio consists of Fastwork, Priceza, Tokopedia, Fringe, and more. They are actively looking for entrepreneurs with excellent management and leadership capabilities with an interest to expand their business globally.
Type: VC
Year of Inception: 2011
Stage: Seed, Series A, Series B
Investment Value: $3 million - $22 million
Focus: Adversiting, E-Commerce, Financial Technology, Gaming, Internet Infrastructure, Internet of Things, Online Media, Travel Platform
Notable Portfolio: Bibit, eFishery, Stockbit, Female Daily
Ideosource is a VC that invests in early and later-stage firms across various sectors within the local Internet ecosystem. They have 3 core investment areas. For early-stage companies, they are looking for innovative and new solutions to local problems that could be applicable in other regions. For late-stage investments, they are looking for the number 1 in the category, with significant traction and promising ability to attract follow-on investments. Finally, they are also interested in companies disrupting the offline market to become online. Some portfolio companies we may highlight are Stockbit, eFishery, and Bibit.
Type: VC
Year of Inception: 2015
Stage: Seed, Series A, Series B
Investment Value: $1 million - $22 million
Focus: Sector Agnostic
Notable Portfolio: Base.vn, Ajaib, Kredivo, Hangry, Saturdays, Sayurbox
Alpha JWC Ventures is one of the most active and best-performing VC in Southeast Asia, investing in early to growth-stage firms in diverse sectors. Since 2016, they have invested in 57 active portfolio companies with US$650 million of assets under management. Some of their highlight-worthy portfolio companies are Ajaib, Carro, Kredivo, Kopi Kenangan, and Zenius. As market natives, they have the know-how and a strong network and ecosystem of partners to support founders in their business-building.
Type: VC
Year of Inception: 2016
Stage: Post-Seed, Series A
Investment Value: $5 million - $65 million
Focus: Sector Agnostic
Notable Portfolio: iSeller, Aruna, Shipper, Travelio.com, Wahyoo, Hijup
Indogen Capital is a VC with deep operating experience in Indonesia Market. Since its inception in 2016, they have invested in 25 companies in 8 countries. They have 4 strong exits in their record - Spacemob, Carsome, Clearbride, and AINO. They are actively looking for startups and founders in any sector looking to expand into the Southeast Asian market.
Type: VC
Year of Inception: 2009
Stage: Seed, Series A, Series B, Series C
Investment Value: $600,000 - $29 million
Focus: Sector Agnostic
Notable Portfolio: 99.co, Buzzcommerce, Chickin, Esqa, BukuWarung
Since its establishment in 2009 and first investment in Tokopedia in 2010, East Ventures have amassed a stellar track record with successful exits and unicorns, alongside other exceptional milestones. To date, they have 364 investments and 129 exits, their portfolio speaks for themselves and the proven experience they have within the field. They seek to invest in seed, early-stage and late-stage companies operating in various sectors and countries, with some working towards fulfilling the UN Sustainable Development Goals. Some of their portfolio companies are 99.co, Desty, Eureka, Glints, and Moka.
Type: VC
Year of Inception: 2014
Stage: Seed, Series A, Series B, Series C
Investment Value: ~ $20 million
Focus: Sector Agnostic
Notable Portfolio: Sicepat, Kredivo, Pomelo, Dekoruma, Caxe
Another leading VC firm, Kejora Capital has invested, built, and grown numerous leading companies in the region. They invest in the whole cycle of startups - from pre-seed and seed stage to pre-IPO. In each stage, they provide the relevant funds and support needed, provided by a network of prominent investors including institutional investors, sovereign wealth funds, pension funds, and family offices. They are committed to empowering entrepreneurs and nurturing the Southeast Asian tech ecosystem, providing mentorship and access to industry experts and strategic partners worldwide through partnerships with firms such as Founder Institute, Ideabox, and FinTech Indonesia. Their portfolio companies include Sicepat, Pomelo, Caxe, Investree, and more.
Type: VC
Year of Inception: 2011
Stage: Seed, Series A, Series B, Series C
Investment Value: -
Focus: Technology
Notable Portfolio: imooji, Halodoc, SpaceX, Omnilytics, Trax
InvestIdea Ventures is one of the first believers in one of the most successful startups in Southeast Asia, Halodoc, which started out from the first line of code to raising US $200 million to this date. As a VC, they invest in multi-stage startups in various sectors, particularly in companies accelerating internet penetration and adoption of digital solutions throughout Asia. Aside from the aforementioned Halodoc, other noteworthy portfolio companies are SpaceX, Imooji, Omnilytics, and Trax.
Type: VC
Year of Inception: 2014
Stage: Series A, Series B, Series C, Series D
Investment Value: $2 million - $300 million
Focus: Technology, Consumer, Healthcare, Finance, Enterprise
Notable Portfolio: GoTo, Biofourmis, FinAccel, Love Bonito, Chope
With 44 active portfolio companies, $650 million committed capital, and $7 billion follow-on capital, Openspace Ventures is one of the biggest VC firms actively investing in companies from Series A to D. They invest in tech companies within different sectors, but they focus on the sectors as listed above. Working together with their portfolio companies, they harness active intelligence to drive better and fast decision-making, encourage diverse opinions, anticipate changes, and express priorities to ultimately create momentum and succeed within the ever-changing market. They are committed to helping founders in their venture-building, providing support in key areas such as technology, data science, brand, people, ESP & impact, marketing & communications, and strategy & development. Some featured portfolio companies are Goto, Biofourmis, FinAccel, Love Bonito, and Pluang.
Type: VC
Year of Inception: 2020
Stage: Series A, Series B, Series C, Series D
Investment Value: $3 million - $93 million
Focus: Digital Enablers, eCommerce, FinTech, Logistics, SME Tech
Notable Portfolio: Ula, Bibit, Stockbit, Buku Warung, Aruna, Moka, Wahyoo
Formed through the merger of the two VCs - Agaeti Venture Capital and Convergence Ventures, AC Ventures is a tech-focused investment firm focusing on early-stage companies in Indonesia. As founders themselves, they are dedicated to helping founders and their ventures outside of just capital. They will work closely with founders to implement their ideas from vision to reality, using their abundant experience, insight, and research-driven knowledge to assist in business development, fundraising, and talent acquisition. Among the founders and ventures, they have invested in are Shipper, Aruna, Bukuwarung, Ula, and Stockbit.
Type: VC
Year of Inception: 2014
Stage: Series A
Investment Value: $3 million - $93 million
Focus: Technology
Notable Portfolio: Ninja Van, Caxe, Credibook, Glints, HypeFast, Stoqo
Another founder-first VC, Monk's Hill Ventures is a tech-focused VC firm with offices in Singapore, Vietnam, and Indonesia. They invest primarily at Series A in high-growth startups spanning multiple industry verticals. Comprising of investors, entrepreneurs, domain experts, operators, former CEOs, academics, and engineers; they provide top-notch expertise and access to the best advisory team one could trust. Their portfolio companies include Ninja Van, Jio Health, and Stoqo.
Type: Corporate VC
Year of Inception: 2017
Stage: Seed, Series A
Investment Value: $2 million - $69 million
Focus: FinTech
Notable Portfolio: OY! Indonesia, AirWallex, Qoala, Element, GPN, Paxel
Central Capital Ventura (CVC) is the venture arm of Bank Central Asia, Indonesia's largest and most trusted private bank. They invest in early-stage ventures with a focus on FinTech, FinTech-enabling, and Embedded FinTech solutions - ventures that can add synergistic value to their ecosystem. To support Indonesia's growth, they are most interested in local and global solutions that have the potential to be utilized and leveraged in Indonesia. Some of their portfolio companies are Oy! Indonesia, Airwallex, Pomona, GPN, and Paxel.
Type: Corporate VC
Year of Inception: 2016
Stage: Seed, Series A
Investment Value: $9 million - $100 million
Focus: Technology
Notable Portfolio: GoTo, Bukalapak, Link Aja, Mekari, Qoala
Another corporate venture arm belonging to a financial institution, Mandiri Capital Indonesia is part of Bank Mandiri, the largest bank in Indonesia in terms of assets, loans, and deposits. With the mission to accelerate digital innovation for SME growth and Indonesia's digital economy, they invest in early-stage digital startups that are synergistic to the Mandiri Group. Since 2016, they have 16 active portfolios with 3 ventures that successfully went public. Some of them are Amartha, Mekari, and LinkAja.
Type: Corporate VC
Year of Inception: 2008
Stage: Seed, Series A
Investment Value: $200,000 - $50 million
Focus: Technology [B2B, Consumers, Deep Tech, Financial, SaaS]
Notable Portfolio: Aspire, BukuKas, Dagangan, Flokq, Haus!, Mekari, Nimbly
Prasetia Investment is the corporate VC arm of Prasetia Dwidharma, an innovative technology integrator and telecommunications infrastructure company. They focus on early-stage technology startups serving the B2B market across Southeast Asia (predominantly Indonesia), as well as the United States through Y Combinator. They aim to be a long-term partner to founders, advising, mentoring and guiding portfolios to achieve growth. Some of their investments in Indonesian ventures are BukuKas, Danamart, and Nimbly, with many other notable names in Singapore and USA.
Type: Corporate VC
Year of Inception: 2014
Stage: Seed, Series A, Series B, Series C
Investment Value: $1 million - $45 million
Focus: Technology
Notable Portfolio: Kopi Kenangan, Warung Pintar, Moka, Mapan
SMDV, standing for Sinarmas Digital Ventures, is the corporate VC arm of Sinar Mas Group, one of the largest conglomerates in Indonesia with operations across diverse key sectors. They invest in tech companies in different stages of the companies' life cycle, primarily in the growth stage. They aim to change the digital landscape in Indonesia by funding exceptional companies and providing them with strategic networks and mentorship. They have investments in Paxel, Sirclo, Aruna, Bananas, and more.
Type: Corporate VC
Year of Inception: 2016
Stage: Seed, Series A, Series B, Series C
Investment Value: $1 million - $65 million
Focus: Software, E-Commerce, FinTech, Information Technology, Financial Services
Notable Portfolio: Sicepat, Kredivo, TaniHub, PayFazz, Cakap, Qoala, Beam
As part of Telkom Group, the largest Indonesian multinational telecommunications conglomerate, MDI Ventures wants to empower the growth of digital entrepreneurship and the startup ecosystem in the region. They invest in early and mid-stage companies that can complement their portfolio within Southeast Asia as well as globally. To support this goal, they partner and collaborate with international VCs in Silicon Valley and Southeast Asia so that eligible startups can leverage networks and expand beyond their respective home markets. Some of their portfolio companies that have been listed in diverse stock exchange markets are Whispir, Geniee, and Run System.
Type: Corporate VC
Year of Inception: 2019
Stage: Seed, Series A, Series B, Series C
Investment Value: $8 million - $35 million
Focus: E-Commerce, FinTech, Financial Services, Payments, Peer to Peer
Notable Portfolio: EdenFarm, Sirclo, Rukita, Dekoruma, USS Networks
OCBC NISP Ventura is the corporate VC arm of OCBC NISP, an Indonesian banking and financial services company owned by Singaporean banking and financial group, OCBC Bank. They have a well-diversified business with ties in different key markets, allowing homegrown startups to leverage the group's extensive market, financial expertise, and customer reach. They're looking for founders who will be changemakers within Indonesia's digital ecosystem. They have made investments in AwanTunai, IDN Media, GajiGesa, USS Networks, Workfit, and many more. Aside from their VC, they also hold the OCBC NISP Ventura Investment Competition (ONVic) Roadshow, a nationwide investment competition for Indonesian students living in the country or abroad.
Type: Corporate VC
Year of Inception: 2018
Stage: Series A
Investment Value: $4 million - $35 million
Focus: Financial Technology
Notable Portfolio: Xendit, Pluang, Qoala, Payfazz, Investree, Andalin, Yummy Corp
BRI Ventures is the corporate VC arm of Bank BRI, one of the largest and oldest financial institutions owned by the Indonesian government. As part of their initiative to accelerate Indonesia's financial inclusion and digital economy, they invest in FinTech startups through Indonesia's first Venture Fund licensed by OJK, Indonesia's Financial Services Authority which regulates and supervises the financial services sector. Part of their portfolio are Pluang, Qoala, Majoo, Modalku, and Investree.
Angel Investors in Indonesia
The Angel investors listed below are part of and represented by an Angel syndicate. As individual Angel investors are hard to come by, these platforms are the best place to secure Angel financing.
Type: Angel Group
Stage: Seed, Series A
Investment Value: $100,000 - $1 million
Focus: Sector Agnostic
Angel Investment Network Indonesia, otherwise known as ANGIN, is Indonesia's first and largest investment platform. Unlike traditional Angel groups, ANGIN offers investment services as a bridge between entrepreneurs and investors in Indonesia to facilitate the investment process. As such, they are not the Angels themselves, but they work closely and represent the Angels in investment decisions. Apart from the services, they also offer an open-source toolkit with reference documents and a repository of key players so you can understand the Angel syndication model. To date, they have over 130 investors comprising high-net-worth individuals, foundations, VCs, impact investors, or corporate investors. On behalf of the investors, they are looking for entrepreneurs across diverse sectors in the early stages seeking US$100,000 to US$1 million, are MVP-ready and/or have launched the products, and have commercial revenue models with innovative solutions. In particular, they favor ventures that address Indonesian pressing issues and/or contribute to the UN Sustainable Development Goals. Some ventures they have supported are Crowde, Cakap, Binar Academy, Burgreens, and Berry Kitchen.
For female leaders, ANGIN also established the first gender-lens investment fund in Indonesia (She to She), investing in and empowering women-led businesses and businesses positively impacting women.
Closing Thoughts on VCs and Angel Investors in Indonesia
In this list, we have compiled numerous Venture Capitalists and Angel investors in Indonesia with a proven track record of successful deals. Some of them have funded the largest deals to occur in Southeast Asia, breeding the most unicorns and decacorns in the region. On that note, we could not reiterate more how many opportunities there are in the market - and how much you should not miss the chance to raise your funds in Indonesia. With commitment, persistence, and the right partners, arriving at the mythical status may not be so out of reach.