LIVE
///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
CAPITAL ALLOCATORS

Active Funds

Directory of VCs, CVCs, and PE firms deploying capital in Indonesia.

Showing 15 Active Entities

500 Global

VC
HQSan Francisco
StagePre-Seed
Check$250K - $500K

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.

FintechCleantech
Profile

Ascent Venture Group

VC
HQJakarta
StagePre-Seed
Check$250K - $3M

Formed from 2023 merger of ARISE and Centauri Fund. MDI Ventures partnership with Central Capital Ventura as ecosystem partner. $200M fund.

AgritechClimate
Profile

BEENEXT

VC
HQSingapore
StageSeed
Check$2.89M avg (Seed), $6.37M avg (Series A)

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.

MarketplaceFintech
Profile

Berkah Ventures

VC
HQJakarta
StageSeed
CheckN/A

Investment firm associated with Sharia-compliant/ethical investments in agri and health.

AgriHealth
Profile

BRI Ventures

CVC
HQJakarta
StageSeed
Check$500K - $10M

CVC of Bank BRI (Indonesia's largest bank by assets). Invested in 32+ companies including 2 unicorns. Key Merah Putih Fund participant.

FintechAgritech
Profile

Celebes Capital

VC
HQJakarta
StageSeed
CheckN/A

Venture builder with minority investment model focusing on financial services and agribusiness.

FinanceAgriculture
Profile

Danantara

Sovereign Wealth Fund
HQJakarta
StageGrowth
CheckLarge Cap

New sovereign wealth fund launched February 24, 2025 via amendment to Law No. 19/2003 on SOEs. Manages SOE dividends, targets $900B+ AUM.

Food SecurityEnergy
Profile

Indogen Capital

VC
HQJakarta
StagePre-Series A
CheckN/A

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.

ConsumerAgritech
Profile

Kejora Capital

VC
HQJakarta & Singapore
StageSeed
Check$500K - $15M

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.

FintechLogistics
Profile

Kopital Ventures

VC
HQJakarta
StageSeed
Check$250K - $500K (typical)

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."

ConsumerF&B
Profile

Mandiri Capital Indonesia

CVC
HQJakarta
StageSeed
Check$2M - $10M

CVC arm of Bank Mandiri. First SOE-owned CVC in Indonesia (founded 2015). Manages 4 funds with combined ~$700M. 22+ portfolio companies.

FintechBanking
Profile

Openspace Ventures

VC
HQSingapore & Jakarta (co-HQ)
StageSeries A
Check$5M - $25M

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).

AgnosticHealth
Profile

PT Great Giant Pineapple

Strategic
HQLampung
StageStrategic
CheckN/A

Major food producer (world's largest pineapple producers) investing strategically in agritech and food tech.

FoodAgritech
Profile

Teja Ventures

VC
HQSingapore
StageSeed
Check$500K - $3M

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.

Gender LensFood
Profile

Trihill Capital

VC
HQSingapore
StageSeed
CheckN/A

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.

FintechAgritech
Profile
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