Ascent Ventures Group

Ascent Ventures Group is a venture capital firm established in 2023 through the merger of ARISE and Centauri Fund, and is headquartered in Yogyakarta, Indonesia. The firm focuses on investing in early-stage technology companies, particularly within the financial services and consumer sectors, across Indonesia and the broader Southeast Asian region. With a commitment to supporting innovative startups, Ascent Ventures Group aims to foster growth and development in a rapidly evolving market.

Eric Yoo

Co-Founder and Managing Partner

14 past transactions

FishLog

Seed Round in 2024
FishLog is a supply chain marketplace focused on enhancing the cold chain network through community engagement. The company offers digital solutions designed for cold storage warehouses, facilitating connections between suppliers and buyers. By leveraging technology, FishLog aims to optimize the utility of cold storage facilities, promoting efficient processes and fair-trade transactions. This approach benefits various stakeholders in the fisheries sector, including fishermen, processing partners, and cold chain logistics providers, ultimately strengthening their distribution networks and increasing overall volume.

Qoala

Series C in 2024
Qoala is an InsureTech company founded in 2018 and based in Jakarta Selatan, Indonesia. It specializes in providing online insurance services for various needs, including flight and train delays, phone screen damages, and e-commerce logistics. By leveraging advanced technologies such as big data, machine learning, Internet of Things (IoT), and blockchain, Qoala aims to transform the insurance landscape in Indonesia. The company collaborates with major e-commerce and travel platforms to offer innovative insurance products that enhance customer experiences.

DayaTani

Seed Round in 2024
DayaTani is a technology company that provides a comprehensive suite of services to enhance the productivity of smallholder farmers. Its platform integrates advanced tools, including a chatbot for plant disease diagnosis, IoT devices for precise weather data, and a network of research sites, empowering farmers to improve crop yields and access vital agricultural information effectively.

Jente

Venture Round in 2024
Jente is a business-to-business service that connects boutiques with domestic companies, focusing on the authentic European market. Through its online platform, Jente offers distinctive products that quickly become trendsetters by enabling clients to discover and source new brands efficiently. This approach allows clients to rapidly bring innovative products from boutiques to the market, enhancing their offerings and keeping them aligned with current trends.

bebasinvestasi

Venture Round in 2024
Bebasinvestasi is a fintech startup that operates as a social investing platform, integrating features of social media with investment tools to create a community-driven financial ecosystem. Launched in 2021 and based in Jakarta, Indonesia, the company offers users the ability to follow and mirror the trading activities of verified traders, enabling a shared investment experience. With a focus on fostering a collaborative environment, Bebasinvestasi allows users to adjust their investment strategies, automate operations, and share insights within a community. The platform is accessible through its website and mobile application, aiming to revolutionize the way individuals engage with investment opportunities by promoting social interaction among investors.

Jutsoo

Venture Round in 2024
Jutsoo is a software development company that provides treasury management and financial data analysis solutions.

Belanjaparts

Venture Round in 2024
Belanjaparts is a developer of a B2B e-commerce platform tailored for the industrial supplies sector, particularly focusing on automotive workshops. The platform facilitates the digital procurement of vehicle parts, equipment, and lubricants at wholesale rates from a variety of digital vendors. By streamlining the purchasing process, Belanjaparts enables small to medium-sized workshops to market their products and supplies more effectively and efficiently, enhancing their operational capabilities in a competitive marketplace.

AgriAku

Venture Round in 2024
AgriAku is a technology-driven local agribusiness company focused on enhancing the agriculture value chain. It operates a marketplace that connects agricultural supply stores with manufacturers and first-level distributors, facilitating easy access for farmers to a comprehensive range of agricultural inputs at competitive prices. Through its apps, Agroaku Mitra and Agroaku Hub, AgriAku provides essential agriculture production facilities to traders and farm shop owners, while also offering full-stack services tailored for small and medium-sized businesses and farmers. By streamlining procurement processes and improving access to agricultural resources, AgriAku aims to address key challenges faced in the agricultural sector.

Evermos

Venture Round in 2024
Evermos is a social commerce startup based in Indonesia that connects resellers, brands, and consumers to facilitate the sale of everyday Muslim products. Founded in November 2018, the platform allows individuals to become resellers without the need for operating capital or a complex e-commerce setup. By leveraging a reseller program, Evermos incentivizes users to promote a diverse range of halal products, including fashion, food, cosmetics, and home appliances, primarily targeting consumers in lower-tier cities. The platform empowers resellers to generate additional income while supporting small brands in scaling their operations. Additionally, Evermos aims to create a positive social impact by helping individuals at the bottom of the economic pyramid achieve financial stability through entrepreneurship.

Gomi

Venture Round in 2024
Gomi Corporation specializes in providing digital marketing services aimed at capturing reliable e-commerce data and insights. The company utilizes advanced analysis tools to offer marketing strategies based on accurate data, promoting brands' products through localized marketing techniques to boost sales. By enhancing the business performance of e-commerce firms and expanding their reach, Gomi helps these companies achieve greater success in the competitive digital marketplace.

Paxel.co

Venture Round in 2024
PT Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia. Founded in 2017, the company offers a logistics application, Paxel, which facilitates same-day delivery services across the country. In addition to urban shipment and packaging services, Paxel provides a mobile application that includes payment functionalities and Paxel credit for transactions. The company also features Paxel Lockers, which serve as storage facilities for convenient package retrieval. Through its innovative approach, Paxel aims to enhance the delivery experience by ensuring access and transparency at various service points.

Wifkain

Venture Round in 2024
Wifkain is a developer of an e-commerce platform that facilitates connections between fashion businesses and fabric suppliers. The platform offers a comprehensive solution for users to obtain fabrics directly from suppliers, both online and offline. By providing a streamlined interface, Wifkain allows users to view and order fabrics while also enabling them to order samples effortlessly, ensuring a direct tactile experience. This approach enhances transparency in the production process and simplifies the procurement of materials for fashion businesses.

ARISE

Acquisition in 2023
Arise is a venture capital firm established in 2020 and based in Jakarta, Indonesia. The firm aims to support the next generation of start-up founders in Southeast Asia by providing long-term capital, strategic market access, and hands-on assistance in company building. Arise focuses on investing in the technology sector and leverages its partnerships with MDI Ventures and Finch Capital to enhance its impact across multiple regions, including Indonesia, Singapore, Europe, South Korea, and Silicon Valley. The firm is committed to helping entrepreneurs who are dedicated to developing their businesses in Southeast Asia.

Centauri Fund

Acquisition in 2023
Centauri Fund is a venture capital investment firm established in 2019 and headquartered in Singapore. It was jointly created by KB Investment, a unit of Korea's KB Financial Group, and MDI Ventures, the corporate venture capital arm of Indonesia’s TelkomGroup. The firm focuses on growth-oriented investments, targeting early-stage tech startups in the ASEAN region, particularly in Indonesia, its largest market. Centauri Fund typically invests between US$1 million and US$5 million in funding rounds that range from pre-series A to series B. Its investment interests span various sectors, including healthcare, education, and finance.
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