Directory of VCs, CVCs, and PE firms deploying capital in Indonesia.
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.
Formed from 2023 merger of ARISE and Centauri Fund. MDI Ventures partnership with Central Capital Ventura as ecosystem partner. $200M fund.
Regional firm based in East Java looking for opportunities outside the capital bubble.
New sovereign wealth fund launched February 24, 2025 via amendment to Law No. 19/2003 on SOEs. Manages SOE dividends, targets $900B+ AUM.
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.
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.
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.
CVC arm of Bank Mandiri. First SOE-owned CVC in Indonesia (founded 2015). Manages 4 funds with combined ~$700M. 22+ portfolio companies.
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).
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.
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.
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.
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.