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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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Skystar Capital
VC

Jakarta| Est. 2014

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.

StageSeed
Ticket$100K - $2M
StatusActive
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Investment Thesis

Skystar Capital is an early-stage VC firm committed to supporting tech entrepreneurs in SEA and Indonesia. Backed by leading corporate groups including PT Saratoga Investama Sedaya. Strong track record helping founders scale. 10+ year history in Indonesian market. Extensive network across media, hospitality, manufacturing, education, publishing, logistics, automotive sectors.

Operating Model

  • 01Local market expertise
  • 02Corporate network (Saratoga)
  • 03Vision 2045 alignment
  • 04First backer of visionaries

Focus Areas

ConsumerFintechEdTechClimateSME TechHealthtechProptechLogisticWeb3

Notable Investments

Paper.idFuse Klinik Pintar KomunalMamikos Reku MAKA Motors RekosistemBythen

Verified Deal Flow (2019-2025)

StartupDateStageAmountSector
MiminNov 2024SeedUS$ 1.5MSaaS / AI
KomunalJan 2024Series A ExtensionUS$ 5.5MFintech
KomunalDec 2023Series A+US$ 5.5MFintech
Klinik PintarDec 2023Series A1US$ 5MHealthtech
MAKA MotorsJul 2023SeedUS$ 37.6MEV / Auto
KomunalJan 2023Series AUS$ 8.5MFintech
Paper.idDec 2022Series BUS$ 12MFintech
NobiFeb 2022SeedUS$ 4MFintech
SIRCLOAug 2020Series BUS$ 6MCommerce
Hacktiv8Jan 2020Pre-Series AUS$ 3MEdtech
JULOSep 2019Series A2US$ 10MFintech

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