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 operates a supply chain marketplace focused on developing a cold chain network that encourages community engagement. The company provides digital solutions designed to enhance the utility of cold storage warehouses by facilitating connections between suppliers and buyers. By leveraging technology, FishLog aims to improve processes, promote fair-trade transactions, and support sustainable distribution practices. Its services benefit various stakeholders in the fisheries sector, including fishermen, processing partners, and cold chain logistics providers, ultimately helping them strengthen their distribution networks and increase operational volume.

Qoala

Series C in 2024
Qoala is an InsureTech company based in Jakarta Selatan, Indonesia, founded in 2018. The company specializes in providing online insurance services that cover flight and train delays, phone screen damages, and e-commerce logistics. By utilizing big data, machine learning, IoT, and blockchain technology, Qoala aims to transform the insurance industry in Indonesia. It collaborates with major e-commerce and travel platforms to offer unique and innovative insurance products, thereby enhancing the customer experience.

DayaTani

Seed Round in 2024
DayaTani supplies farmers with comprehensive services to increase their productivity.

Jente

Venture Round in 2024
Jente is a business that connects boutiques with domestic companies through its online platform. It specializes in providing a range of unique products that often set trends by enabling the rapid discovery and sourcing of new brands. This service allows clients to efficiently access and introduce new offerings from boutiques, enhancing their product selection and staying competitive in the market. By focusing on authentic European boutiques, Jente aims to facilitate meaningful connections that benefit both retailers and consumers.

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 that specializes in industrial supplies, particularly targeting automotive workshops. The platform facilitates the digitization of these workshops by providing access to a wide range of vehicle parts, equipment, and lubricants at wholesale rates and quantities from various digital vendors. By doing so, Belanjaparts enables small to medium-sized workshops to market their products and supplies in a more effective and efficient manner, enhancing their operational capabilities in a competitive market.

AgriAku

Venture Round in 2024
AgriAku is a technology-driven local agribusiness that aims to enhance the agricultural value chain by facilitating connections between farmers, traders, and supply stores. Through its applications, Agroaku Mitra and Agroaku Hub, the company provides farmers and shop owners access to affordable agricultural production facilities and a comprehensive range of agricultural inputs. The platform simplifies the procurement process by linking agricultural supply stores with manufacturers and distributors, allowing farmers to easily access a wide catalog of agricultural products at competitive prices. In addition, AgriAku supports small and medium-sized businesses and farmers by offering a full suite of agriculture services, addressing key challenges in the industry.

Evermos

Venture Round in 2024
Evermos is a social commerce startup based in Indonesia that connects brands, resellers, and consumers, focusing on everyday Muslim products. Founded in November 2018, the platform allows individuals to become resellers without needing significant operating capital or complex e-commerce systems. Resellers can share a variety of halal products—including fashion, food, cosmetics, and home appliances—through messaging applications or social media, earning commissions on sales. By targeting lower-tier cities in Indonesia, Evermos aims to meet the everyday needs of Muslim consumers while empowering resellers to generate additional income. The company also seeks to support small brands in scaling their operations, thereby contributing to social impact and economic prosperity for individuals at the bottom of the economic pyramid.

Gomi

Venture Round in 2024
Gomi Corporation operates in the overseas market, specializing in digital marketing services aimed at enhancing e-commerce performance. The company focuses on capturing reliable data and insights, utilizing advanced analytical tools to provide accurate marketing strategies. By promoting brands through localized marketing methods, Gomi helps e-commerce businesses increase their sales and expand their reach to a broader audience.

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 operates the Paxel application, which facilitates same-day delivery services across the country. In addition to urban shipment and packaging services, Paxel offers a mobile application that includes Paxel credit for transactions and payment services. The company also provides Paxel Lockers, which serve as storage facilities for retrieving packages. By combining an on-demand app with an offline locker network, Paxel aims to enhance accessibility and transparency in its services, ensuring a positive delivery experience for customers.

Wifkain

Venture Round in 2024
Wifkain is a developer of an e-commerce platform that connects fashion businesses with fabric suppliers. The platform facilitates direct interactions between these entities, allowing users to conveniently receive fabrics both online and offline. Wifkain's system ensures transparency in the production process, enabling users to view and order fabrics with ease. Additionally, the platform allows users to order samples, providing a tactile experience that enhances their selection process.
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