Directory of VCs, CVCs, and PE firms deploying capital in Indonesia.
Global VC with $2.4B AUM (2025). 500 SEA III Fund $143M (Sept 2023), targets 100 startups. 340+ SEA companies backed including Grab, Carsome, eFishery. 35+ unicorns globally.
Leading SEA VC ($500M+ AUM) from 2019 merger of Agaeti & Convergence. Fund V closed at $210M (Jan 2024). 50% of portfolio C-level are women.
Investment arm of Agung Concern automotive group focusing on mobility and tech opportunities.
Indonesia-focused VC investing in promising early-stage technology companies.
SEA's largest early-stage fund. $650M AUM, 114 portfolio, 6 unicorns. Founded 2015 (10th anniversary Feb 2025). Fund I $50M, Fund II $123M (2019 record). Fund IV raising 2025.
Southeast Asia focused VC investing in Fintech, Logistics, Healthcare, Edtech.
Indonesia's primary formal angel network connecting accredited angels with early-stage startups.
Social impact fund founded by Japanese entrepreneurs to support Indonesian social enterprises.
Global early-stage VC (30+ hubs). SEA Fund II $72M (Aug 2024). Indonesia: 50 investments $6.2M (2023-24). Partner Agung Bezharie ex-Warung Pintar founder. Residency + $125K for 10%.
Private family office managing personal wealth and direct tech investments.
Formed from 2023 merger of ARISE and Centauri Fund. MDI Ventures partnership with Central Capital Ventura as ecosystem partner. $200M fund.
CVC subsidiary of Astra International (PT Astra Mitra Ventura) since 1991. Focus on SME/IKM (small-medium industries) within Astra supply chain. Provides productive financing, working capital, invoice financing. President: Jefri Sirait. Priorities: manufacturing and infrastructure technology. Part of Astra Financial.
State-owned venture capital company (BUMN subsidiary) providing equity and financing to MSMEs and startups.
Strategic investment arm of the Bakrie conglomerate investing in TMT and infrastructure.
Founder-focused fund founded by Teruhide Sato (BEENOS founder, early Tokopedia/Midtrans investor). 261 portfolio companies, 11 unicorns, 26 Indonesia investments. Strong India (119) and Indonesia (26) focus.
Niche firm focusing on the creative economy, lifestyle brands, and consumer products.
Investment firm associated with Sharia-compliant/ethical investments in agri and health.
CVC arm of Bank BNI and key participant in the Merah Putih Fund consortium.
CVC of Bank BRI (Indonesia's largest bank by assets). Invested in 32+ companies including 2 unicorns. Key Merah Putih Fund participant.
Venture capital firm with advisory services, investing in early-stage Indonesian startups.
Venture builder with minority investment model focusing on financial services and agribusiness.
BCA's venture capital arm and ecosystem partner in Ascent Venture Group.
Regional firm based in East Java looking for opportunities outside the capital bubble.
Venture firm launched by media experts focusing on D2C and consumer brands.
New sovereign wealth fund launched February 24, 2025 via amendment to Law No. 19/2003 on SOEs. Manages SOE dividends, targets $900B+ AUM.
Most active & historic investor in Indonesia (founded 2009). 7 unicorns including Tokopedia, Traveloka. 300+ portfolio. Named most consistent top-performing VC globally by Preqin.
Ecosystem of creative agencies investing in new media and advertising ventures.
Venture builder (not traditional VC) of Djarum Group. Founded 2010 by CEO Martin Hartono (son of Robert Budi Hartono, Indonesia's richest person). Portfolio: Blibli (IPO 2022), Kaskus, Kumparan, Tiket.com.
Pan-Asian VC with $1.6B AUM (2025). Founded 2002. Pioneered TaqwaTech thesis (2016) for Islamic economy. Indonesia funds: Gobi-Agung ($10M), Ratu Nusa ($10M women-led). 2024 deployed $58M in SEA.
Founded 2011 by Silicon Valley natives. $250M+ AUM across 4 funds. 90+ portfolio companies including 9 unicorns. Singapore HQ with Jakarta & Vietnam offices. MENA expansion Dec 2024.
Gaming Hub and DAO investing in play-to-earn and metaverse assets.
Sector-agnostic VC with 37-41 portfolio, 1 unicorn, 2 IPOs, 5 exits (Carsome, Shipper, Aruna, Evos, Travelio). Chandra Firmanto MP. Co-founded Cydonia Web3 fund with Finch Asia & Tokocrypto execs (2022). Strong Japan/Korea ties via JETRO.
Indonesia's first private-led ESG-compliant impact fund. Founded by ABAC Indonesia leaders, managed by Mandiri Capital with UNDP as impact advisor.
Founded early 2020 by Bukalapak co-founders after leaving the company. 14-29 portfolio companies. Backs technical founders with passion to solve big problems. Also offers venture debt for capital-efficient growth.
Singapore-based fund (founded 2017) with high conviction in early-stage Indonesian tech. 3 unicorns, 2 IPOs. Portfolio includes Ajaib, Flip, Shipper.
Indonesia-only independent VC. Closed $125M (Nov 2024) across Fund IV ($75M) + Natural Resources Fund ($50M). Backed by 30+ conglomerates including 15 Forbes billionaires.
Regional venture company providing financing to SMEs in Jakarta province.
Top-tier SEA/India VC founded 2012. 109+ portfolio. LPs: Temasek, IFC, NRF Singapore. Managing Partner David Gowdey leads Indonesia. Ratan Tata as Special Advisor.
Full life-cycle Indonesia VC. $380M+ AUM. 75 portfolio companies. Preqin Top 10 Global Performing VC 2020 (#8 globally, #1 SEA). Managing Partners: Sebastian Togelang, Andy Zain.
Joint growth fund ($100M+) between Kejora and Korean InterVest for later-stage deals.
Private venture entity focused exclusively on blockchain and cryptocurrency investments.
Early-stage VC backed by Northstar Group (Patrick Walujo advisor). $15M Fund I closed Feb 2021. 13-17 portfolio companies. Mission: "Advance Human Intelligence". Fund II planned with larger tickets (seed to Series B) and SEA expansion.
Sector-agnostic seed-stage VC founded by Kopi Kenangan co-founder. Evolved from Kopital Network angel group. Targets 30-40 companies over 3 years. LPs: Saison Capital, Trihill Capital, Impack Ventures, Alto Partners MFO. Tagline: "Born in the region. Built for the world."
CVC of Sinar Mas Land. $100M+ deployed. 24 portfolio companies. Won "Best VC Top Player of the Year" CNBC Indonesia Awards 2024. Uses BSD City (6,000ha, 500K+ population) as living lab testbed.
Investment holding and family office operating subsidiaries across diversified sectors.
CVC arm of Bank Mandiri. First SOE-owned CVC in Indonesia (founded 2015). Manages 4 funds with combined ~$700M. 22+ portfolio companies.
Multi-stage CVC of Telkom Indonesia ($830M+ AUM). 80+ companies in 12 countries. Largest tech investor in Indonesia. Parent of Ascent Venture Group.
Government-backed CVC consortium ($300M) comprising MDI Ventures, TMI, Mandiri Capital, BRI Ventures, and BNI Ventures. Targets startups valued $200M+.
Indonesia's first tech incubator (founded 2010) nurturing ideas from inception. Separate from Merah Putih Fund.
Southeast Asia early-stage VC founded 2014 by Peng T. Ong and Kuo-Yi Lim. 55+ portfolio, 2 unicorns (Ninja Van, Scalable Capital). 130+ total investments. First principles approach.
Private investment vehicle focusing on seed-stage opportunities with active investor newsletter.
Major PE firm acquired by Ares Management in early 2025. Historical portfolio includes GoTo, Bank Jago, Indomaret.
CVC arm of OCBC NISP Bank investing in strategic fintech partners.
Regional operational VC ($800M committed capital, 6 funds). Famous for leading Gojek's Series A. 58 portfolio companies. OSV IV closed Nov 2024 with JICA as LP ($20M).
Regional VC based in Surabaya investing in early-stage tech in tier 2/3 cities.
Formerly Sequoia India & SEA (rebranded June 2023). $9B+ across 13 funds. 50+ unicorns, 19 IPOs. Singapore is regional office; HQ in Bangalore.
Institutional family office. 100-138 portfolio companies in SEA (Indonesia focus) and US (Y Combinator). Originally telecom infrastructure contractor. Peak activity 2019. Latest investment Jun 2025 (Comika). Regular Y Combinator invitations.
Active blockchain and cryptocurrency VC with investments in Web3 startups.
Major food producer (world's largest pineapple producers) investing strategically in agritech and food tech.
Indonesia's premier active investment company (IDX: SRTG). NAV grew 10.5% to IDR 53.9T in 2024. IDR 3.8T dividend income 2024. Key portfolio: Adaro (AADI IPO Dec 2024), TBIG (42K tenants), Merdeka (MBMA EV battery). LP/backer of Skystar Capital. 2025 focus: healthcare, digital infra, consumer, renewables.
Corporate VC arm of Bakrie & Brothers focusing on energy and climate tech.
Impactful early to growth-stage investor. 26 portfolio companies. $20M Fund II target (2021). $150M Fund III target (Oct 2022) with "venture equity" positioning. Partners with family offices. Latest investment Jul 2024 (Mira Singapore).
Property developer investing via Living Lab Ventures arm.
Early-stage VC backed by corporate groups including Saratoga. 44-76 portfolio companies, 1 unicorn. Team of 14 (4 partners, 1 VP, 1 principal). Abraham Hidayat Managing Partner. New tagline (end 2024): "Local Roots, Home for Visionaries". Supporting Indonesia Vision 2045.
Sinar Mas Group CVC. 39 portfolio companies, 1 unicorn (Kopi Kenangan), 1 IPO (Fore Coffee Apr 2025 IDX at $103M). Co-founded EV Growth with East Ventures and Yahoo Japan ($150M target 2018).
First pan-Asian gender-lens VC. $10M Fund I from family offices (Jan 2022). 18+ portfolio with 13 in Indonesia. Focus: women-led, women-serving, or women-impacting businesses. Beyond The Billion partner. Core verticals: health/wellness, digital distribution, financial inclusion.
Telkomsel's corporate investment arm and crucial Merah Putih Fund participant.
Multi-asset investment firm focused on early to growth-stage ventures in SEA (especially Indonesia, Singapore, Vietnam) and global public equities. 26-32 portfolio companies, 1 IPO. Team of 7 including partner Anthony Tjajadi. Active - latest Sept 2025.
Early-stage fund launched by Sinar Mas Land + East Ventures + Redbadge Pacific. GS E&C (Korea) as strategic partner. BSD City as living lab for portfolio testing. Six focus sectors: mobility/transport, proptech, data/AI, omnichannel retail, sustainable resources, smart city tech.
SEA-focused VC founded 2015 by Stefan Jung (ex-Rocket Internet), Rudy Ramawy (ex-Google Indonesia), John Riady (Lippo Group). Fund I: $150M. 48 portfolio. 1 unicorn (Carro), 2 IPOs.
Temasek-backed VC, part of Vertex Holdings ($5.1B global). Fund V $541M (Sept 2023), 80+ investments. LPs: JICA, IFC, DEG. 3-4 IPO-ready companies. Joshua Agusta leads Indonesia.
SEA's leading B2B/Deep Tech/Sustainability VC. $500M+ AUM across 4 funds. Wavemaker Growth $30M first close (Nov 2024). Fund III $111.5M. LPs: Temasek, IFC. 200+ portfolio, $2B+ exit value.
OJK-registered impact VC (PT Modal Ventura YCAB). Part of YCAB Social Enterprise Group. 30 portfolio companies. IWEF (Indonesia Women Empowerment Fund) $10M target with Moonshot. Notable exit: TransTRACK at 8.6x return (2024). 200K+ ultra-micro women served. Investing in Women (Australian govt) backed.
The database is updated quarterly. If you manage a Fund, CVC, or Family Office and aren't listed, transmit your data.