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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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Alpha JWC Ventures
VC

Jakarta| Est. N/D

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.

StageSeed
Ticket$500K - $15M
StatusActive (Top Tier)
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Investment Thesis

Alpha JWC Ventures is Southeast Asia's largest early-stage VC with $650M AUM and 6 unicorns. Founded 2015 by Chandra Tjan (ex-East Ventures co-founder) and Jefrey Joe as Indonesia's first independent institutional early-stage VC. 114 portfolio companies, 15 acquisitions, 1 IPO. Raising Fund IV in 2025.

Operating Model

  • 01Value creation team
  • 02APAC expansion (Wenyou Tan Singapore)
  • 03Alpha JWC AIIP AI program
  • 04Grab Ventures Velocity partner

Focus Areas

FintechConsumerHealthcareSaaSLogistics

Notable Investments

Kopi Kenangan Ajaib CarroKredivoTraveloka Tokopedia

Verified Deal Flow (2019-2025)

StartupDateStageAmountSector
HangryOct 2025Series AUS$ 10.5MF&B
BumameFeb 2025Series AUndisclosedHealthtech
Beleaf FarmsAug 2023Series AUS$ 6.85MAgritech
KarirLabJul 2023Pre-SeedUndisclosedHR Tech
KomunalJan 2023Series AUS$ 8.5MFintech
ESBAug 2022Series BUS$ 29MSaaS
AgriAkuJul 2022Series AUS$ 35MAgritech
IDEALJul 2022Pre-seedUS$ 3.8MFintech
NOICEApr 2022Series AUS$ 22MMedia
SayurboxMar 2022Series CUS$ 120MCommerce
ZeniusMar 2022Series BUndisclosedEdtech
DELOSMar 2022SeedUS$ 8MAgritech
Funding SocietiesFeb 2022Series C+US$ 294MFintech
OtoklixDec 2021Series AUS$ 10MAutomotive
HangryMay 2021Series AUS$ 13MF&B
CoLearnApr 2021Series AUS$ 10MEdtech
AjaibJan 2021Series AUS$ 25MFintech
CrediBookJan 2021Pre-Series AUS$ 1.5MFintech
PasarPolisSep 2020Series BUS$ 54MInsurtech
Kopi KenanganMay 2020Series BUS$ 109MF&B
GudangAdaMay 2020Series AUS$ 25.4MCommerce
GudangAdaFeb 2020SeedUS$ 10.5MCommerce
EvermosJan 2020Series AUS$ 8.25MCommerce
HangryNov 2019SeedUS$ 3MF&B
Kopi KenanganJun 2019Series AUS$ 20MF&B
AjaibJan 2019SeedUS$ 2.1MFintech

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