Directory of VCs, CVCs, and PE firms deploying capital in Indonesia.
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.
Investment arm of Agung Concern automotive group focusing on mobility and tech opportunities.
Indonesia-focused VC investing in promising early-stage technology companies.
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.
Indonesia's primary formal angel network connecting accredited angels with early-stage startups.
Global early-stage VC (30+ hubs). SEA Fund II $72M (Aug 2024). Indonesia: 50 investments $6.2M (2023-24). Partner Agung Bezharie ex-Warung Pintar founder. Residency + $125K for 10%.
State-owned venture capital company (BUMN subsidiary) providing equity and financing to MSMEs and startups.
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.
Venture capital firm with advisory services, investing in early-stage Indonesian startups.
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.
Most active & historic investor in Indonesia (founded 2009). 7 unicorns including Tokopedia, Traveloka. 300+ portfolio. Named most consistent top-performing VC globally by Preqin.
Venture builder (not traditional VC) of Djarum Group. Founded 2010 by CEO Martin Hartono (son of Robert Budi Hartono, Indonesia's richest person). Portfolio: Blibli (IPO 2022), Kaskus, Kumparan, Tiket.com.
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.
Founded 2011 by Silicon Valley natives. $250M+ AUM across 4 funds. 90+ portfolio companies including 9 unicorns. Singapore HQ with Jakarta & Vietnam offices. MENA expansion Dec 2024.
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.
Founded early 2020 by Bukalapak co-founders after leaving the company. 14-29 portfolio companies. Backs technical founders with passion to solve big problems. Also offers venture debt for capital-efficient growth.
Singapore-based fund (founded 2017) with high conviction in early-stage Indonesian tech. 3 unicorns, 2 IPOs. Portfolio includes Ajaib, Flip, Shipper.
Indonesia-only independent VC. Closed $125M (Nov 2024) across Fund IV ($75M) + Natural Resources Fund ($50M). Backed by 30+ conglomerates including 15 Forbes billionaires.
Top-tier SEA/India VC founded 2012. 109+ portfolio. LPs: Temasek, IFC, NRF Singapore. Managing Partner David Gowdey leads Indonesia. Ratan Tata as Special Advisor.
Joint growth fund ($100M+) between Kejora and Korean InterVest for later-stage deals.
Early-stage VC backed by Northstar Group (Patrick Walujo advisor). $15M Fund I closed Feb 2021. 13-17 portfolio companies. Mission: "Advance Human Intelligence". Fund II planned with larger tickets (seed to Series B) and SEA expansion.
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."
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.
Investment holding and family office operating subsidiaries across diversified sectors.
Multi-stage CVC of Telkom Indonesia ($830M+ AUM). 80+ companies in 12 countries. Largest tech investor in Indonesia. Parent of Ascent Venture Group.
Government-backed CVC consortium ($300M) comprising MDI Ventures, TMI, Mandiri Capital, BRI Ventures, and BNI Ventures. Targets startups valued $200M+.
Indonesia's first tech incubator (founded 2010) nurturing ideas from inception. Separate from Merah Putih Fund.
Southeast Asia early-stage VC founded 2014 by Peng T. Ong and Kuo-Yi Lim. 55+ portfolio, 2 unicorns (Ninja Van, Scalable Capital). 130+ total investments. First principles approach.
Private investment vehicle focusing on seed-stage opportunities with active investor newsletter.
Regional VC based in Surabaya investing in early-stage tech in tier 2/3 cities.
Formerly Sequoia India & SEA (rebranded June 2023). $9B+ across 13 funds. 50+ unicorns, 19 IPOs. Singapore is regional office; HQ in Bangalore.
Institutional family office. 100-138 portfolio companies in SEA (Indonesia focus) and US (Y Combinator). Originally telecom infrastructure contractor. Peak activity 2019. Latest investment Jun 2025 (Comika). Regular Y Combinator invitations.
Impactful early to growth-stage investor. 26 portfolio companies. $20M Fund II target (2021). $150M Fund III target (Oct 2022) with "venture equity" positioning. Partners with family offices. Latest investment Jul 2024 (Mira Singapore).
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.
Sinar Mas Group CVC. 39 portfolio companies, 1 unicorn (Kopi Kenangan), 1 IPO (Fore Coffee Apr 2025 IDX at $103M). Co-founded EV Growth with East Ventures and Yahoo Japan ($150M target 2018).
Telkomsel's corporate investment arm and crucial Merah Putih Fund participant.
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.