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.
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.
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.
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.
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.
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.
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.
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