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.
Investment arm of Agung Concern automotive group focusing on mobility and tech opportunities.
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.
Southeast Asia focused VC investing in Fintech, Logistics, Healthcare, Edtech.
CVC subsidiary of Astra International (PT Astra Mitra Ventura) since 1991. Focus on SME/IKM (small-medium industries) within Astra supply chain. Provides productive financing, working capital, invoice financing. President: Jefri Sirait. Priorities: manufacturing and infrastructure technology. Part of Astra Financial.
Strategic investment arm of the Bakrie conglomerate investing in TMT and infrastructure.
CVC of Bank BRI (Indonesia's largest bank by assets). Invested in 32+ companies including 2 unicorns. Key Merah Putih Fund participant.
New sovereign wealth fund launched February 24, 2025 via amendment to Law No. 19/2003 on SOEs. Manages SOE dividends, targets $900B+ AUM.
Singapore-based fund (founded 2017) with high conviction in early-stage Indonesian tech. 3 unicorns, 2 IPOs. Portfolio includes Ajaib, Flip, Shipper.
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.
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.
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.
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.
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.
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.
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.
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.