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

Investor Access

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Investor Control Room

Operator: Guest
Capital Deployed
US$ 513.9M
Last 12 Months
Deal Velocity
35 Rounds
All Activity
Avg. Ticket
US$ 19M
Equity Only
Dominant Sector
F&B
14% of activity

Capital Trend (LAST 12M)

Dec '24Jan '25Feb '25Mar '25Apr '25May '25Jul '25Aug '25Sep '25Oct '25Dec '2502468$0M$65M$130M$195M$260M
Cap. Alloc.
EARLY (63%)
LATE (37%)

Sector Split

  • F&B
  • Fintech
  • Proptech
  • Climate
  • Web3
  • Commerce

Live Transaction Ledger

Live Feed

Sociolla

Late Stage
US$ 250M

Commerce // Secondary and growth funding to strengthen market leadership.

Syndicate:General Atlantic, Existing investors

Hangry

Series A
US$ 10.5M

F&B // Series A5 round for multi-brand cloud kitchen.

Syndicate:Alpha JWC Ventures

Honest

Series B
Undisclosed

Fintech // Series B equity round for credit card issuer.

Syndicate:Orico, XYZ Venture Capital, SV Pacific, Village Global, Gilgamesh

Arummi Foods

Seed
US$ 2M

F&B // Cashew milk producer seed round for distribution and brand expansion.

Syndicate:BEENEXT, Korea Investment Partners, Fondation Botnar

IDRX

Pre-Seed
US$ 300k

Web3 // Rupiah-backed stablecoin development.

Syndicate:eMerge (MDI Ventures), Indodax, MANSA, Lisk, Camp Investment Technologies

Yup

Series C
US$ 32M

Fintech // Series C-1 round for digital banking platform.

Syndicate:Moore Strategic Ventures, Platanus, Spice Expeditions

Astro

Series C
US$ 51.9M

Commerce // Quick commerce expansion led by Amazon.

Syndicate:Amazon, Accel, Citius, DST Global, Lightspeed, Peak XV, SBI

PasarPolis

Late Stage
US$ 5M

Insurtech // Strategic extension funding.

Syndicate:Tokio Marine

IVC Liquidity Radar

Signal: FROZEN
17Index
Volume (Q4)$250.0M
Trend (QoQ)113%
MNI Deviation-0.33σ
-8 QtrsPresent

IVC House Rules · Q4 2025

  • Vintage Opportunity: 2024–2025 vintages likely to outperform significantly.
  • Focus on Exits: M&A and consolidation within fintech and SaaS sectors.
  • Secondary plays: Expect distressed equity and founder buy-backs.
  • Look beyond Jakarta: Tier-2 city digitization offers alpha in logistics and lending.

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