Ascent Venture Group

Founded in 2023, Ascent Venture Group is a venture capital firm based in Yogyakarta, Indonesia. It invests primarily in early-stage technology companies operating within Indonesia and the broader Southeast Asian region.

Sarah Usman

Executive, Investor Relations

Eric Yoo

Co-Founder and Managing Partner

14 past transactions

FishLog

Seed Round in 2024
FishLog operates a digital marketplace for the seafood supply chain. It connects cold storage warehouses with suppliers and buyers, enhancing warehouse utility through technology. This facilitates fair-trade transactions, improves distribution networks, and increases volumes for fisheries stakeholders such as fishermen, processors, and logistics providers.

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 operates a B2B e-commerce platform that digitizes procurement for industrial supplies and automotive workshops, aggregating vehicle parts, equipment and lubricants from multiple vendors and offering wholesale pricing and flexible quantities to help small and medium workshops source and market their products more efficiently.

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 Corporation

Venture Round in 2024
Gomi Corporation specializes in digital marketing services for e-commerce businesses. It provides data-driven insights and analysis tools to enhance brand visibility and boost sales, helping clients expand their online presence.

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
Established jointly by KB Investment and MDI Ventures, Centauri Fund is a venture capital firm headquartered in Jakarta and Seoul. It focuses on investing between US$1 million to US$5 million in tech startups across ASEAN, with a primary focus on Indonesia.
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