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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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Intudo Ventures
VC

Jakarta| Est. N/D

Indonesia-only independent VC. Closed $125M (Nov 2024) across Fund IV ($75M) + Natural Resources Fund ($50M). Backed by 30+ conglomerates including 15 Forbes billionaires.

StageSeed
Ticket$1M - $10M
StatusActive (Top Tier)

Investment Thesis

Intudo Ventures is Indonesia's only independent VC with an Indonesia-only mandate. Closed $125M in November 2024. Backed by 30+ Indonesian family conglomerates including 15 Forbes billionaires. Portfolio includes unicorn Xendit.

Operating Model

  • 01Indonesia-only mandate
  • 02Conglomerate LP base
  • 03Concentrated portfolios (14-18 companies)

Verified Deal Flow (2019-2025)

StartupDateStageAmountSector
KozystayAug 2025SeedUndisclosedProptech
ElevarmMar 2025Series AUS$ 4.25MAgritech
BanyuJan 2025SeedUS$ 1.25MClimate
CarbonEthicsSep 2024SeedUS$ 2.1MClimate / Energy
Jago CoffeeApr 2024Series AUS$ 6MCommerce
JALANov 2023Series AUS$ 13.1MAgritech
ALAMI Group (Hijra)Oct 2023GrowthUndisclosedFintech
ColdspaceMay 2023SeedUS$ 3.8MLogistics
iSellerJan 2023Series BUS$ 12MRetail Tech
SuryanesiaJan 2023SeedUS$ 2MClimate
PINTUJun 2022Series BUS$ 113MFintech
PopulixJun 2022Series AUS$ 7.7MSaaS
PinhomeApr 2022Series BUS$ 50MProptech
GreduJul 2021Series AUS$ 4MEdtech
Yummy CorpSep 2020Series BUS$ 12MF&B
Kargo TechnologiesApr 2020Series AUS$ 31MLogistics
TaniHub GroupApr 2020Series A+US$ 17MAgritech
Yummy CorpOct 2019Series AUS$ 7.75MF&B
TaniHub GroupMay 2019Series AUS$ 10MAgritech
Kargo TechnologiesMar 2019SeedUS$ 7.6MLogistics

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