AC Ventures, established in 2014, is a leading venture capital firm based in Southeast Asia, with a focus on Indonesia. It manages over US$500 million across five funds, investing in early-stage startups across various industries such as digital enablement, financial technologies, e-commerce, consumer technology, and sustainability solutions. The firm, previously known as Convergence Ventures, merged with Agaeti Ventures in 2020 to form AC Ventures.
Kargo Technologies is an online logistics platform based in Jakarta, Indonesia, that connects retail, e-commerce, and commercial sector shippers with truck fleets across the Indonesian archipelago. Founded in 2018, the company operates a freight logistics marketplace that enables shippers, transporters, and truckers to connect and conduct transactions efficiently. Through its website and mobile app, Kargo Technologies offers real-time shipment tracking and the ability to expand business networks, ultimately increasing revenue for its users. By digitizing freight matching and eliminating intermediaries, Kargo Technologies enhances the efficiency of supply chains in the region.
Alami
Series B in 2023
Alami is a licensed peer-to-peer lending platform based in Jakarta, Indonesia, established in 2019. It focuses on providing financing to micro, small, and medium-sized enterprises through the principles of sharia finance. The platform connects lenders with funding recipients in a fair and transparent manner, facilitating access to financial resources aligned with Islamic values. Alami's technology analyzes numerous data points to offer meaningful insights into sharia financing, helping enterprises reduce transaction costs and improve their access to funding from various Islamic financial institutions. The company's mission is to foster a sustainable economic ecosystem for the Muslim community, enabling them to thrive in accordance with their values.
Koltiva
Series A in 2023
Koltiva is an integrated technology company that specializes in providing tailor-made software solutions and services for end-to-end business processes, particularly in the agriculture sector. Established in Indonesia in 2013 and incorporated in Switzerland in 2017, Koltiva operates in 29 countries, offering advanced technology and user support. The company focuses on enhancing operational efficiency, reducing costs and risks, and increasing profitability for producers while promoting sustainable practices. By delivering affordable software and professional services, Koltiva enables clients to achieve transparency between suppliers and customers, fostering traceable and resilient global supply chains that prioritize social responsibility and environmental protection.
EdenFarm Indonesia
Series A in 2023
EdenFarm Indonesia specializes in the distribution of fresh produce, including fruits, vegetables, and dry goods, directly to restaurants across the country. By collaborating with local farmers and central markets, the company eliminates intermediaries in the supply chain, allowing for more efficient delivery and better profit margins for farmers. This direct connection fosters a sustainable food distribution system, ensuring that businesses receive high-quality products while supporting local agriculture. Through its services, EdenFarm aims to enhance the economic viability of farmers and improve access to fresh produce for the restaurant industry in Indonesia.
Waste4Change
Series A in 2022
Waste4Change is a prominent waste management platform operating in Indonesia, dedicated to addressing waste-related challenges since its establishment in 2014. The company focuses on minimizing environmental leakage and decreasing landfill waste through a comprehensive ecosystem that promotes collaboration and technology. Its services include consultation, campaigning, collection, and creation, all aimed at fostering a circular economy and achieving a waste-free Indonesia. Waste4Change also offers initiatives such as in-store recycling and the 3R School Program to educate communities about responsible waste management and sustainable practices.
Alami
Series B in 2022
Alami is a licensed peer-to-peer lending platform based in Jakarta, Indonesia, established in 2019. It focuses on providing financing to micro, small, and medium-sized enterprises through the principles of sharia finance. The platform connects lenders with funding recipients in a fair and transparent manner, facilitating access to financial resources aligned with Islamic values. Alami's technology analyzes numerous data points to offer meaningful insights into sharia financing, helping enterprises reduce transaction costs and improve their access to funding from various Islamic financial institutions. The company's mission is to foster a sustainable economic ecosystem for the Muslim community, enabling them to thrive in accordance with their values.
Esensi Solusi Buana
Series B in 2022
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.
Majoo
Series A in 2022
Majoo is a Software-as-a-Service provider based in Jakarta, Indonesia, focused on delivering solutions for small and medium-sized enterprises (SMEs). Founded in 2019, the company offers a platform that connects SMEs to a vast digital ecosystem, enabling them to enhance their sales and expand their customer reach. Through its digital applications, Majoo aims to facilitate business improvement and growth for SMEs, fostering entrepreneurship and contributing to the acceleration of the digital economy.
IDEAL Indonesia
Pre Seed Round in 2022
IDEAL Indonesia is a digital mortgage lending platform designed to streamline the home buying process for potential homeowners. The platform offers features such as e-KYC, document verification, and AI-driven credit scoring to help users receive personalized mortgage recommendations based on their specific needs. By connecting home buyers with a range of compatible mortgage products from major property developers and banks in Indonesia, IDEAL Indonesia allows users to apply to multiple banks using a single set of data. Additionally, the platform includes a real-time tracking system, enhancing the overall experience for individuals seeking to navigate their ownership journey efficiently.
PINA Indonesia
Seed Round in 2022
PINA Indonesia is a finance application that simplifies complex financial decisions for its users. The platform offers automated money management and investment solutions, along with personalized expert advice, to help individuals achieve financial freedom. By providing comprehensive wealth management and financial planning services, PINA Indonesia enables users to manage their finances more efficiently and effectively.
ASTRO
Series B in 2022
Astro Indonesia is a quick commerce start-up that specializes in on-demand grocery delivery. The platform offers a wide range of products, including fresh fruits and vegetables, dairy, meat, seafood, medicines, stationery, and snacks, allowing consumers to purchase essential items conveniently. By focusing on delivering groceries within a specified timeframe, Astro aims to provide an affordable and efficient shopping experience for its customers.
Atma
Pre Seed Round in 2022
Atma is an Indonesia-based social job platform that addresses the challenges faced by job seekers in the country, particularly those from lower and middle-income segments. The platform offers a comprehensive ecosystem that includes a job marketplace, an upskilling institute, and a community-based support system. By focusing on these areas, Atma aims to enhance the job search experience for individuals while simultaneously improving the candidate search process for companies and businesses. Through its community-driven approach, Atma seeks to empower job seekers and facilitate meaningful employment opportunities.
NOBI
Seed Round in 2022
Nobi is a cryptocurrency investment platform founded in 2017 and headquartered in Jakarta Barat, Indonesia. The company aims to simplify cryptocurrency ownership and yield generation for users globally. It offers a blockchain asset management application that allows users to safely grow their cryptocurrency investments. The platform provides opportunities for earning yields on popular cryptocurrencies such as Bitcoin and Ethereum, as well as facilitating staking with a variety of altcoins. Nobi's diverse product offerings are designed to enhance the cryptocurrency investment experience for both new and experienced users.
Sirka
Seed Round in 2022
Sirka is Indonesia's pioneering metabolic clinic, focused on healthcare innovation through a technology-enabled, holistic approach to managing obesity and metabolic health. The clinic addresses the root causes of weight gain and chronic diseases, offering services that include weight management, digestive health, diabetes care, and chronic disease management. Sirka provides personalized, clinically proven programs tailored to individual needs, combining expert medical care with customized nutrition plans and continuous monitoring. Clients can connect with dietitians through an application, allowing them to set health goals and receive meal plan recommendations as part of structured programs. Sirka aims to empower Indonesians to lead healthier lives by improving weight management and enhancing control over chronic conditions.
Majoo
Seed Round in 2022
Majoo is a Software-as-a-Service provider based in Jakarta, Indonesia, focused on delivering solutions for small and medium-sized enterprises (SMEs). Founded in 2019, the company offers a platform that connects SMEs to a vast digital ecosystem, enabling them to enhance their sales and expand their customer reach. Through its digital applications, Majoo aims to facilitate business improvement and growth for SMEs, fostering entrepreneurship and contributing to the acceleration of the digital economy.
ASTRO
Series A in 2022
Astro Indonesia is a quick commerce start-up that specializes in on-demand grocery delivery. The platform offers a wide range of products, including fresh fruits and vegetables, dairy, meat, seafood, medicines, stationery, and snacks, allowing consumers to purchase essential items conveniently. By focusing on delivering groceries within a specified timeframe, Astro aims to provide an affordable and efficient shopping experience for its customers.
Raena
Series A in 2022
Raena is an Indonesian startup focused on empowering social media influencers to create their own e-commerce brands. Founded by Sreejita Deb, an alumna of Harvard Business School with experience at Google and Amazon, Raena provides a web-based platform that allows Indonesian consumers to purchase beauty products sourced mainly from Japan and Korea. The platform not only offers a diverse selection of beauty and skincare products but also provides ready-made content to assist influencers in marketing their brands. By connecting emerging brands worldwide for drop shipping, Raena aims to streamline the online beauty business, facilitating access to high-quality products for both beauty entrepreneurs and consumers.
KoinWorks
Series C in 2022
KoinWorks is a prominent financial technology company in Indonesia, recognized for its innovative approach to financial services. It operates a peer-to-peer lending platform that facilitates connections between investors and borrowers, offering loans for various purposes, including business ventures, healthcare needs, and educational pursuits. KoinWorks aims to provide accessible and affordable financial solutions through a comprehensive app that allows users to manage both assets and liabilities in one place. The company has received accolades for its contributions to financial innovation, including the Asian Banker Financial Innovation Award in 2019 for its lending services. Through its efficient online system, KoinWorks seeks to enhance financial inclusivity and empower individuals and businesses in their financial journeys.
Otoklix
Series A in 2021
Otoklix is a company based in Jakarta Selatan, Indonesia, that specializes in the automotive aftermarket sector. Founded in 2019, it operates a platform designed to connect vehicle owners with independent car workshops, addressing the fragmented nature of the auto repair industry in Indonesia. Otoklix enables users to conveniently book services online at nearby recommended workshops, ensuring standardized pricing and service levels. The platform also offers features such as warranty coverage for transactions and a system for tracking repair and maintenance history. Additionally, Otoklix provides customer relationship management and supply chain management solutions to enhance the visibility and efficiency of independent workshops, ultimately aiming to improve the overall vehicle maintenance experience for consumers.
EdenFarm Indonesia
Series A in 2021
EdenFarm Indonesia specializes in the distribution of fresh produce, including fruits, vegetables, and dry goods, directly to restaurants across the country. By collaborating with local farmers and central markets, the company eliminates intermediaries in the supply chain, allowing for more efficient delivery and better profit margins for farmers. This direct connection fosters a sustainable food distribution system, ensuring that businesses receive high-quality products while supporting local agriculture. Through its services, EdenFarm aims to enhance the economic viability of farmers and improve access to fresh produce for the restaurant industry in Indonesia.
ASTRO
Seed Round in 2021
Astro Indonesia is a quick commerce start-up that specializes in on-demand grocery delivery. The platform offers a wide range of products, including fresh fruits and vegetables, dairy, meat, seafood, medicines, stationery, and snacks, allowing consumers to purchase essential items conveniently. By focusing on delivering groceries within a specified timeframe, Astro aims to provide an affordable and efficient shopping experience for its customers.
Majoo
Seed Round in 2021
Majoo is a Software-as-a-Service provider based in Jakarta, Indonesia, focused on delivering solutions for small and medium-sized enterprises (SMEs). Founded in 2019, the company offers a platform that connects SMEs to a vast digital ecosystem, enabling them to enhance their sales and expand their customer reach. Through its digital applications, Majoo aims to facilitate business improvement and growth for SMEs, fostering entrepreneurship and contributing to the acceleration of the digital economy.
Esensi Solusi Buana
Series A in 2021
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.
Legit Group
Seed Round in 2021
Legit Group is a multi-brand cloud kitchen operator based in Jakarta, Indonesia, established in 2021. The company focuses on delivering high-quality, hearty meals by overseeing every aspect of its operations, from research and development to production and delivery. It operates a network of cloud kitchen outlets that cater to both offline and online dining experiences. For offline dining, meals are prepared for immediate consumption, while online offerings are designed to remain fresh even under challenging delivery conditions. Through its comprehensive approach, Legit Group aims to provide customers with affordable, tasty food options delivered directly to their doorsteps.
Alami
Series A in 2021
Alami is a licensed peer-to-peer lending platform based in Jakarta, Indonesia, established in 2019. It focuses on providing financing to micro, small, and medium-sized enterprises through the principles of sharia finance. The platform connects lenders with funding recipients in a fair and transparent manner, facilitating access to financial resources aligned with Islamic values. Alami's technology analyzes numerous data points to offer meaningful insights into sharia financing, helping enterprises reduce transaction costs and improve their access to funding from various Islamic financial institutions. The company's mission is to foster a sustainable economic ecosystem for the Muslim community, enabling them to thrive in accordance with their values.
Durianpay
Seed Round in 2021
Durianpay is a payment platform focused on enhancing the payment processes for businesses in Indonesia. By connecting enterprises to various payment service providers and gateways, it enables them to accept multiple payment methods, including credit cards, debit cards, online banking, e-wallets, and virtual accounts, through a single low-code integration. The company offers mobile software development kits, customizable checkout pages, and straightforward API integrations, allowing for quick implementation and comprehensive reporting on a user-friendly dashboard. Durianpay aims to modernize and democratize payment solutions, making them more accessible, efficient, and cost-effective for start-ups and small businesses.
Majoo
Seed Round in 2021
Majoo is a Software-as-a-Service provider based in Jakarta, Indonesia, focused on delivering solutions for small and medium-sized enterprises (SMEs). Founded in 2019, the company offers a platform that connects SMEs to a vast digital ecosystem, enabling them to enhance their sales and expand their customer reach. Through its digital applications, Majoo aims to facilitate business improvement and growth for SMEs, fostering entrepreneurship and contributing to the acceleration of the digital economy.
Esensi Solusi Buana
Series A in 2021
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.
EdenFarm Indonesia
Seed Round in 2021
EdenFarm Indonesia specializes in the distribution of fresh produce, including fruits, vegetables, and dry goods, directly to restaurants across the country. By collaborating with local farmers and central markets, the company eliminates intermediaries in the supply chain, allowing for more efficient delivery and better profit margins for farmers. This direct connection fosters a sustainable food distribution system, ensuring that businesses receive high-quality products while supporting local agriculture. Through its services, EdenFarm aims to enhance the economic viability of farmers and improve access to fresh produce for the restaurant industry in Indonesia.
Raena
Series A in 2021
Raena is an Indonesian startup focused on empowering social media influencers to create their own e-commerce brands. Founded by Sreejita Deb, an alumna of Harvard Business School with experience at Google and Amazon, Raena provides a web-based platform that allows Indonesian consumers to purchase beauty products sourced mainly from Japan and Korea. The platform not only offers a diverse selection of beauty and skincare products but also provides ready-made content to assist influencers in marketing their brands. By connecting emerging brands worldwide for drop shipping, Raena aims to streamline the online beauty business, facilitating access to high-quality products for both beauty entrepreneurs and consumers.
Danacita
Series A in 2021
Danacita is an ErudiFi company that is on a mission to democratize access to higher education in Indonesia. It has funded students from over 100 tertiary institutes throughout the country and is registered with OJK as a P2P platform.
Alami
Series A in 2021
Alami is a licensed peer-to-peer lending platform based in Jakarta, Indonesia, established in 2019. It focuses on providing financing to micro, small, and medium-sized enterprises through the principles of sharia finance. The platform connects lenders with funding recipients in a fair and transparent manner, facilitating access to financial resources aligned with Islamic values. Alami's technology analyzes numerous data points to offer meaningful insights into sharia financing, helping enterprises reduce transaction costs and improve their access to funding from various Islamic financial institutions. The company's mission is to foster a sustainable economic ecosystem for the Muslim community, enabling them to thrive in accordance with their values.
Stockbit
Series C in 2021
Stockbit is an investment community based in Indonesia that facilitates real-time sharing of stock-related ideas, news, and financial information. The platform allows users to create profiles and follow specific stocks or favorite investors, providing access to valuable insights and discussions. It features monitoring tools for stock price charts and comprehensive financial data, enabling users to analyze individual stocks and engage in informed discussions. Stockbit is dedicated to enhancing the investment experience within the Indonesian market, empowering both individual investors and traders to make well-informed decisions.
BukuWarung
Seed Round in 2020
BukuWarung is a technology company focused on providing digital infrastructure for the approximately 60 million micro, small, and medium enterprises (MSMEs) in Indonesia. The company offers a platform that enables users to efficiently manage their financial transactions by recording daily sales, income, and customer accounts payable. Its services include bookkeeping, sending bills through messaging applications, receiving digital payments, and generating daily business reports. By leveraging these tools, BukuWarung aims to empower MSMEs to enhance their financial awareness and business operations through technology.
Esensi Solusi Buana
Seed Round in 2020
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.
Kargo Technologies
Series A in 2020
Kargo Technologies is an online logistics platform based in Jakarta, Indonesia, that connects retail, e-commerce, and commercial sector shippers with truck fleets across the Indonesian archipelago. Founded in 2018, the company operates a freight logistics marketplace that enables shippers, transporters, and truckers to connect and conduct transactions efficiently. Through its website and mobile app, Kargo Technologies offers real-time shipment tracking and the ability to expand business networks, ultimately increasing revenue for its users. By digitizing freight matching and eliminating intermediaries, Kargo Technologies enhances the efficiency of supply chains in the region.
BukuWarung
Seed Round in 2020
BukuWarung is a technology company focused on providing digital infrastructure for the approximately 60 million micro, small, and medium enterprises (MSMEs) in Indonesia. The company offers a platform that enables users to efficiently manage their financial transactions by recording daily sales, income, and customer accounts payable. Its services include bookkeeping, sending bills through messaging applications, receiving digital payments, and generating daily business reports. By leveraging these tools, BukuWarung aims to empower MSMEs to enhance their financial awareness and business operations through technology.
Stockbit
Series B in 2020
Stockbit is an investment community based in Indonesia that facilitates real-time sharing of stock-related ideas, news, and financial information. The platform allows users to create profiles and follow specific stocks or favorite investors, providing access to valuable insights and discussions. It features monitoring tools for stock price charts and comprehensive financial data, enabling users to analyze individual stocks and engage in informed discussions. Stockbit is dedicated to enhancing the investment experience within the Indonesian market, empowering both individual investors and traders to make well-informed decisions.
Hacktiv8
Seed Round in 2020
Hacktiv8 is a prominent coding bootcamp in Indonesia, dedicated to transforming absolute beginners into job-ready developers. The institution offers comprehensive training programs that focus on essential skills such as HTML, CSS, and advanced JavaScript, preparing students for the demands of the tech industry. As a pioneer in the region, Hacktiv8 provides Income Share Agreements (ISA), allowing students to access education without upfront costs. Instead, students commit to sharing a portion of their future income, making quality education more accessible and reducing financial barriers. Through its innovative approach to coding education, Hacktiv8 aims to equip individuals with the skills necessary to thrive in the evolving digital landscape.
Alami
Series A in 2020
Alami is a licensed peer-to-peer lending platform based in Jakarta, Indonesia, established in 2019. It focuses on providing financing to micro, small, and medium-sized enterprises through the principles of sharia finance. The platform connects lenders with funding recipients in a fair and transparent manner, facilitating access to financial resources aligned with Islamic values. Alami's technology analyzes numerous data points to offer meaningful insights into sharia financing, helping enterprises reduce transaction costs and improve their access to funding from various Islamic financial institutions. The company's mission is to foster a sustainable economic ecosystem for the Muslim community, enabling them to thrive in accordance with their values.
Waste4Change
Venture Round in 2019
Waste4Change is a prominent waste management platform operating in Indonesia, dedicated to addressing waste-related challenges since its establishment in 2014. The company focuses on minimizing environmental leakage and decreasing landfill waste through a comprehensive ecosystem that promotes collaboration and technology. Its services include consultation, campaigning, collection, and creation, all aimed at fostering a circular economy and achieving a waste-free Indonesia. Waste4Change also offers initiatives such as in-store recycling and the 3R School Program to educate communities about responsible waste management and sustainable practices.
Carsome
Series C in 2019
Carsome is an online platform that specializes in the buying and selling of used cars, streamlining the process for both individuals and businesses. Founded in 2015 and headquartered in Malaysia, the company has expanded its operations to Indonesia, Thailand, and Singapore. Carsome offers an array of services, including vehicle inspection, valuation, and logistics, facilitating a seamless transaction between sellers and dealers. Through its online bidding portal, customers can sell their cars quickly, often within a day, without incurring any fees. Additionally, Carsome provides a curated selection of pre-owned vehicles for buyers, enhancing the overall experience in the used car market.
Akseleran
Series A in 2019
Akseleran operates a peer-to-peer lending platform that links small and midsize enterprises (SMEs) seeking loans with lenders looking to invest their funds. The platform provides businesses with access to capital at competitive interest rates, offering flexible loan tenors and various payment models. Akseleran streamlines the lending process by managing administrative tasks, facilitating easier access to necessary funding for entrepreneurs. Additionally, the platform creates alternative lending opportunities for individuals in Indonesia, allowing them to earn attractive returns that align with the associated risks.
Wahyoo Ventures
Seed Round in 2019
Wahyoo Ventures is a company based in Tangerang, Indonesia, that focuses on supporting small and medium-sized enterprises (SMEs) in the food and beverage sector. Founded in 2017, it operates an integrated development platform that provides essential services to culinary businesses. These services include e-supplies for vegetables, groceries, and kitchen necessities, as well as micro-financing and partnerships with kitchen operators. Wahyoo Ventures aims to enhance the operational efficiency of F&B SMEs by facilitating the digitization of their processes, managing cash flow, and implementing loyalty programs. Currently, the company serves approximately 27,000 kitchens across the Jabodetabek area, helping them attract customers and improve their marketing efforts through training and education.
KoinWorks
Series B in 2019
KoinWorks is a prominent financial technology company in Indonesia, recognized for its innovative approach to financial services. It operates a peer-to-peer lending platform that facilitates connections between investors and borrowers, offering loans for various purposes, including business ventures, healthcare needs, and educational pursuits. KoinWorks aims to provide accessible and affordable financial solutions through a comprehensive app that allows users to manage both assets and liabilities in one place. The company has received accolades for its contributions to financial innovation, including the Asian Banker Financial Innovation Award in 2019 for its lending services. Through its efficient online system, KoinWorks seeks to enhance financial inclusivity and empower individuals and businesses in their financial journeys.
Stockbit
Series A in 2019
Stockbit is an investment community based in Indonesia that facilitates real-time sharing of stock-related ideas, news, and financial information. The platform allows users to create profiles and follow specific stocks or favorite investors, providing access to valuable insights and discussions. It features monitoring tools for stock price charts and comprehensive financial data, enabling users to analyze individual stocks and engage in informed discussions. Stockbit is dedicated to enhancing the investment experience within the Indonesian market, empowering both individual investors and traders to make well-informed decisions.
Bobobox Indonesia
Seed Round in 2019
PT Bobobox Mitra Indonesia is a hospitality company founded in 2017 and headquartered in Bandung, Indonesia. It specializes in providing innovative accommodation services tailored for travelers and millennial adventurers, offering a unique and efficient way to stay. Bobobox also caters to commuters seeking a place to rest and recharge. In addition to its core services, the company provides franchise opportunities, allowing others to participate in its business model and expand its reach. Through its focus on smart and convenient lodging solutions, Bobobox aims to redefine the travel experience in Indonesia.
Fore Coffee
Series A in 2019
Fore Coffee is a specialty coffee shop based in Jakarta, Indonesia, founded in 2018. The company focuses on transforming coffee consumption through technology, offering a unique experience to its customers. Each cup of coffee is brewed using freshly roasted Arabica beans, which are meticulously sourced and developed into a rich espresso blend. This commitment to quality enables consumers to enjoy a strong and flavorful coffee, setting Fore Coffee apart in the competitive coffee market.
R Fitness
Seed Round in 2019
R Fitness is a prominent wellness brand in Indonesia, providing a comprehensive range of services aimed at enhancing both mental and physical health. The company operates in five locations and offers classes through its dedicated R Fitness App. Its offerings include holistic health classes, talk shows, and seminars, alongside various fitness activities such as Zumba, circuit training, meditation, and yoga. R Fitness focuses on creating an inclusive environment where clients can engage in full-body workout sessions and improve their overall well-being. The facilities include amenities like lockers and shower spaces, ensuring a convenient experience for participants.
PAYFAZZ
Venture Round in 2018
PT Payfazz Teknologi Nusantara is a financial technology company focused on providing an agency-based financial platform designed to serve the unbanked population in Indonesia. The platform facilitates secure digital transactions, including bill payments, loans, money transfers, savings accounts, and investment services, thus enhancing financial accessibility for users without bank accounts. PAYFAZZ collaborates with various partners, including banks and financial institutions, to establish a distributed network of agents that streamline payment processes. With a commitment to security, the company employs advanced security measures such as GeoTrust SSL, User ID, and Password protections. Through its innovative solutions, PAYFAZZ aims to contribute to the digital transformation of Indonesia's financial landscape and improve its position within Southeast Asia.
Dekoruma
Series B in 2018
PT Dekoruma Inovasi Lestari operates an online platform that specializes in selling home furnishings and furniture in Jakarta, Indonesia. Founded in 2015, the company offers a diverse range of products, including kitchen and dining room items, decor, mattresses, and household appliances. In addition to retail, Dekoruma connects customers with interior designers, suppliers, and vendors, aiming to enhance the efficiency of the home and living industry. The platform is designed to meet the home decor needs of customers at affordable prices, making it a comprehensive solution for interior design and furnishing.
ZUZU Hospitality
Series A in 2018
ZUZU Hospitality Solutions is a Singapore-based company that provides online revenue management and marketing services tailored for small hotels. The firm offers a comprehensive platform that includes revenue management tools, channel management, property management functionalities, and analytics, which collectively enhance operational efficiency. By acting as a hotel operating system, ZUZU Hospitality enables hoteliers to concentrate on their core business while optimizing their back-office operations for revenue generation. Through its innovative software and services, ZUZU Hospitality aims to drive revenue growth and serve as a vital partner for independent hotel operators.
KoinWorks
Series A in 2018
KoinWorks is a prominent financial technology company in Indonesia, recognized for its innovative approach to financial services. It operates a peer-to-peer lending platform that facilitates connections between investors and borrowers, offering loans for various purposes, including business ventures, healthcare needs, and educational pursuits. KoinWorks aims to provide accessible and affordable financial solutions through a comprehensive app that allows users to manage both assets and liabilities in one place. The company has received accolades for its contributions to financial innovation, including the Asian Banker Financial Innovation Award in 2019 for its lending services. Through its efficient online system, KoinWorks seeks to enhance financial inclusivity and empower individuals and businesses in their financial journeys.
Bizzy
Series A in 2018
Bizzy is an online marketplace designed to assist merchants in transitioning to e-commerce by managing their procurement activities efficiently. The platform streamlines the purchasing process by offering wholesale prices that vary based on the volume of purchases, thereby facilitating cost-effective access to office supplies. Bizzy integrates multiple shipments from various vendors through a crossdocking model, leveraging the fulfillment capabilities of its partner, aCommerce. This approach enables businesses to meet the logistical demands of B2B customers while providing them with convenient options to choose from multiple suppliers. Through these services, Bizzy supports companies in optimizing their procurement processes and reducing operational costs.
ErudiFi
Seed Round in 2018
ErudiFi is a technology company dedicated to making education more affordable in Southeast Asia. Operating under the names Danacita in Indonesia and Bukas in the Philippines, ErudiFi provides an education financing platform that assists students in obtaining low-interest educational loans. The platform enables users to apply for loans online, with approval based on factors such as family income, area of study, and academic merit. By streamlining the application process and minimizing documentation requirements, ErudiFi has facilitated funding for thousands of students, thereby enhancing access to education and contributing to long-term societal transformation.
Carsome
Series B in 2018
Carsome is an online platform that specializes in the buying and selling of used cars, streamlining the process for both individuals and businesses. Founded in 2015 and headquartered in Malaysia, the company has expanded its operations to Indonesia, Thailand, and Singapore. Carsome offers an array of services, including vehicle inspection, valuation, and logistics, facilitating a seamless transaction between sellers and dealers. Through its online bidding portal, customers can sell their cars quickly, often within a day, without incurring any fees. Additionally, Carsome provides a curated selection of pre-owned vehicles for buyers, enhancing the overall experience in the used car market.
Warung Pintar Group
Seed Round in 2018
Warung Pintar Group is a micro retail technology company focused on digitalizing grassroots businesses in Indonesia. The company aims to empower underserved communities by enhancing the quality of street stalls through innovative solutions. Warung Pintar offers smart kiosk stores that feature modern amenities such as digital point-of-sale systems, free Wi-Fi, LCD screens, and power bank chargers. By leveraging data processing and analysis, the company provides valuable insights for financial inclusion and community engagement, fostering opportunities for social security and behavior analysis. Additionally, Warung Pintar assists aspiring entrepreneurs in securing land and funding to establish new shops, ultimately contributing to local economic development and impact monitoring within the community.
Hacktiv8
Seed Round in 2018
Hacktiv8 is a prominent coding bootcamp in Indonesia, dedicated to transforming absolute beginners into job-ready developers. The institution offers comprehensive training programs that focus on essential skills such as HTML, CSS, and advanced JavaScript, preparing students for the demands of the tech industry. As a pioneer in the region, Hacktiv8 provides Income Share Agreements (ISA), allowing students to access education without upfront costs. Instead, students commit to sharing a portion of their future income, making quality education more accessible and reducing financial barriers. Through its innovative approach to coding education, Hacktiv8 aims to equip individuals with the skills necessary to thrive in the evolving digital landscape.
ZUZU Hospitality
Seed Round in 2017
ZUZU Hospitality Solutions is a Singapore-based company that provides online revenue management and marketing services tailored for small hotels. The firm offers a comprehensive platform that includes revenue management tools, channel management, property management functionalities, and analytics, which collectively enhance operational efficiency. By acting as a hotel operating system, ZUZU Hospitality enables hoteliers to concentrate on their core business while optimizing their back-office operations for revenue generation. Through its innovative software and services, ZUZU Hospitality aims to drive revenue growth and serve as a vital partner for independent hotel operators.
GoWork
Seed Round in 2017
GoWork is a leading coworking space provider in Indonesia, dedicated to creating inspiring work environments that support business success. The company offers fully equipped workspaces designed with researched spatial layouts and integrated technology, fostering collaboration and growth for teams. GoWork enhances its mission by building community platforms for its members and providing a range of empowering content and services. The venture is supported by notable venture capitalists and has established partnerships with prominent brands in coworking, lifestyle, and real estate, positioning it as a premium choice for businesses seeking innovative workspace solutions.
PAYFAZZ
Convertible Note in 2017
PT Payfazz Teknologi Nusantara is a financial technology company focused on providing an agency-based financial platform designed to serve the unbanked population in Indonesia. The platform facilitates secure digital transactions, including bill payments, loans, money transfers, savings accounts, and investment services, thus enhancing financial accessibility for users without bank accounts. PAYFAZZ collaborates with various partners, including banks and financial institutions, to establish a distributed network of agents that streamline payment processes. With a commitment to security, the company employs advanced security measures such as GeoTrust SSL, User ID, and Password protections. Through its innovative solutions, PAYFAZZ aims to contribute to the digital transformation of Indonesia's financial landscape and improve its position within Southeast Asia.
Kata.ai
Series A in 2017
Kata.ai is an Indonesian company specializing in conversational artificial intelligence, aiming to enhance interactions between humans and machines through advanced natural language processing technology. Founded in 2015, the company has developed a platform that enables businesses to create intelligent chatbots for use in various messaging applications, facilitating automated conversations and improving customer engagement. Its technology has been implemented by major corporations in Indonesia, including Unilever and Telkomsel, across diverse sectors. Kata.ai's proprietary Kata Bot Platform allows organizations of all sizes to easily design and deploy customized chatbots, helping to streamline communication and enhance brand-audience interaction. The company has established partnerships with notable firms such as Microsoft and Accenture, and it secured Series-A funding in 2017 to support its growth and innovation in the AI space.
PAYFAZZ
Seed Round in 2017
PT Payfazz Teknologi Nusantara is a financial technology company focused on providing an agency-based financial platform designed to serve the unbanked population in Indonesia. The platform facilitates secure digital transactions, including bill payments, loans, money transfers, savings accounts, and investment services, thus enhancing financial accessibility for users without bank accounts. PAYFAZZ collaborates with various partners, including banks and financial institutions, to establish a distributed network of agents that streamline payment processes. With a commitment to security, the company employs advanced security measures such as GeoTrust SSL, User ID, and Password protections. Through its innovative solutions, PAYFAZZ aims to contribute to the digital transformation of Indonesia's financial landscape and improve its position within Southeast Asia.
Sorabel
Series B in 2017
Sorabel is a rapidly growing startup focused on providing affordable, high-quality clothing through an online platform. It aims to challenge the traditional fashion industry, which often charges excessively high prices and caters primarily to the privileged. By minimizing overhead costs and reducing intermediary expenses, Sorabel offers a wide range of women's apparel and accessories at discounted prices, making fashion accessible to a broader audience, including the working class and underprivileged. The company's team comprises graduates from prestigious institutions and professionals with experience in top tech companies. Sorabel operates in multiple cities, including Jakarta, Tangerang, Yogyakarta, Bandung, Bali, and Singapore, emphasizing its commitment to leveraging data and technology in its business model.
Urbanhire
Seed Round in 2017
Urbanhire is a developer of an online recruitment platform aimed at enhancing the hiring process for companies and job seekers. Founded with the belief that recruitment can be more efficient, Urbanhire's platform allows users to search for jobs, upload resumes, and specify desired work domains. This functionality helps staffing agencies and HR departments streamline their hiring processes, making it easier to identify suitable candidates. The company emphasizes values such as technological excellence, collaboration, and people empowerment in its approach to recruitment. Urbanhire primarily focuses on supporting growing companies in Indonesia and Asia, recognizing recruitment as a strategic issue that, when executed effectively, can provide a significant competitive advantage.
Ematic Solutions
Seed Round in 2017
Ematic Solutions, founded in 2012 and headquartered in Singapore, specializes in providing email marketing solutions that leverage predictive AI and automated optimization. With a global team of over 80 professionals across various countries, including the United States and several Southeast Asian nations, the company aims to help brands maximize revenue and effectiveness through email marketing. Their platform features advanced tools for automated email segmentation, enabling brands and digital marketers to enhance customer engagement and drive revenue growth from their campaigns. Ematic Solutions has supported numerous clients, including well-known brands in sectors such as beauty, eCommerce, fashion, hospitality, travel, and technology, achieving significant results in their marketing efforts. The company has garnered support from prominent investors, further solidifying its position in the market.
Dekoruma
Series A in 2016
PT Dekoruma Inovasi Lestari operates an online platform that specializes in selling home furnishings and furniture in Jakarta, Indonesia. Founded in 2015, the company offers a diverse range of products, including kitchen and dining room items, decor, mattresses, and household appliances. In addition to retail, Dekoruma connects customers with interior designers, suppliers, and vendors, aiming to enhance the efficiency of the home and living industry. The platform is designed to meet the home decor needs of customers at affordable prices, making it a comprehensive solution for interior design and furnishing.
Laku6
Convertible Note in 2016
Laku6 is an e-commerce platform based in Indonesia that facilitates the buying and selling of second-hand smartphones. It aims to support the emerging middle class by providing affordable options for acquiring and upgrading mobile devices through recommerce and financing solutions. The platform offers accurate and up-to-date information regarding pricing and device specifications, ensuring customers can access quality smartphones at competitive rates.
e27
Series A in 2016
e27 is a media company based in Singapore, focused on Asia's technology startup ecosystem. Founded in 2006, it provides comprehensive coverage of news affecting the technology industry and startup landscape, along with highlighting emerging web and mobile applications from the region. The company profiles startup founders and offers insights from industry professionals and mentors, supporting entrepreneurs in their ventures. Additionally, e27 organizes the Echelon Conference, an event that brings together entrepreneurs, innovators, investors, and technology organizations to share knowledge and foster connections. Through its online and offline platforms, e27 equips startups with valuable resources, including news updates, thought leadership content, and networking opportunities, facilitating their growth and engagement with potential investors.
ZUZU Hospitality
Angel Round in 2016
ZUZU Hospitality Solutions is a Singapore-based company that provides online revenue management and marketing services tailored for small hotels. The firm offers a comprehensive platform that includes revenue management tools, channel management, property management functionalities, and analytics, which collectively enhance operational efficiency. By acting as a hotel operating system, ZUZU Hospitality enables hoteliers to concentrate on their core business while optimizing their back-office operations for revenue generation. Through its innovative software and services, ZUZU Hospitality aims to drive revenue growth and serve as a vital partner for independent hotel operators.
Ematic Solutions
Seed Round in 2016
Ematic Solutions, founded in 2012 and headquartered in Singapore, specializes in providing email marketing solutions that leverage predictive AI and automated optimization. With a global team of over 80 professionals across various countries, including the United States and several Southeast Asian nations, the company aims to help brands maximize revenue and effectiveness through email marketing. Their platform features advanced tools for automated email segmentation, enabling brands and digital marketers to enhance customer engagement and drive revenue growth from their campaigns. Ematic Solutions has supported numerous clients, including well-known brands in sectors such as beauty, eCommerce, fashion, hospitality, travel, and technology, achieving significant results in their marketing efforts. The company has garnered support from prominent investors, further solidifying its position in the market.
Black Garlic
Seed Round in 2016
Black Garlic is an Indonesian company that specializes in online meal kit delivery services, founded in 2015 and based in Jakarta. It offers a selection of fresh ingredients, including meat, vegetables, and seasonings, along with easy-to-follow cooking recipe cards featuring step-by-step photos. The company aims to simplify the cooking process for individuals, even those with limited culinary skills, by providing three expertly designed recipes each week, crafted by culinary expert William Wongso. Through its services, Black Garlic enables customers to prepare special meals at home quickly and conveniently.
Xfers
Seed Round in 2016
Xfers is a Major Payment Institution approved by the Monetary Authority of Singapore, specializing in e-money issuance services. The company operates a payment processing platform that provides credit card processing and online banking transfers. By leveraging advanced technology, Xfers offers secure payment solutions that automate bank transfer payments, allowing users to efficiently pay, receive, and manage their online transactions. The platform aims to connect businesses with the underbanked population in the region, facilitating access to essential financial services.
Ematic Solutions
Seed Round in 2015
Ematic Solutions, founded in 2012 and headquartered in Singapore, specializes in providing email marketing solutions that leverage predictive AI and automated optimization. With a global team of over 80 professionals across various countries, including the United States and several Southeast Asian nations, the company aims to help brands maximize revenue and effectiveness through email marketing. Their platform features advanced tools for automated email segmentation, enabling brands and digital marketers to enhance customer engagement and drive revenue growth from their campaigns. Ematic Solutions has supported numerous clients, including well-known brands in sectors such as beauty, eCommerce, fashion, hospitality, travel, and technology, achieving significant results in their marketing efforts. The company has garnered support from prominent investors, further solidifying its position in the market.
Qraved
Series B in 2015
Qraved is a leading food discovery platform in Indonesia that addresses the challenge of choosing dining options. The platform combines content, community, and commerce, allowing users to explore over 30,000 restaurants through a user-friendly web and mobile interface. It features user-generated reviews, ratings, and photos, along with personalized recommendations and promotional offers. By aggregating and curating content from various media sources, including social media and blogs, Qraved connects millions of monthly users to a diverse selection of dining experiences. The platform facilitates hassle-free reservations and offers a system for users to earn dining points, making it a valuable resource for both culinary enthusiasts and travelers seeking unique dining opportunities.
MoneySmart Singapore
Series A in 2015
MoneySmart Singapore is a leading personal finance portal in Southeast Asia, helping consumers make informed decisions about loans, insurance, credit cards, and other financial products. The company's mission is to simplify personal finance, offering a free, all-in-one platform where users can compare, understand, and apply for suitable products tailored to their life goals, from everyday expenses to long-term investments.
Kata.ai
Seed Round in 2015
Kata.ai is an Indonesian company specializing in conversational artificial intelligence, aiming to enhance interactions between humans and machines through advanced natural language processing technology. Founded in 2015, the company has developed a platform that enables businesses to create intelligent chatbots for use in various messaging applications, facilitating automated conversations and improving customer engagement. Its technology has been implemented by major corporations in Indonesia, including Unilever and Telkomsel, across diverse sectors. Kata.ai's proprietary Kata Bot Platform allows organizations of all sizes to easily design and deploy customized chatbots, helping to streamline communication and enhance brand-audience interaction. The company has established partnerships with notable firms such as Microsoft and Accenture, and it secured Series-A funding in 2017 to support its growth and innovation in the AI space.
Xfers
Seed Round in 2015
Xfers is a Major Payment Institution approved by the Monetary Authority of Singapore, specializing in e-money issuance services. The company operates a payment processing platform that provides credit card processing and online banking transfers. By leveraging advanced technology, Xfers offers secure payment solutions that automate bank transfer payments, allowing users to efficiently pay, receive, and manage their online transactions. The platform aims to connect businesses with the underbanked population in the region, facilitating access to essential financial services.
Xendit
Seed Round in 2015
Xendit is a Southeast Asian fintech company that specializes in providing payment infrastructure primarily in Indonesia and the Philippines. Founded in 2014 by Moses Lo, Tessa Wijaya, Bo Chen, and Juan Gonzalez, Xendit offers a robust payment gateway platform that enables businesses to accept various forms of payments, including bank transfers, virtual accounts, and credit cards. The company simplifies payment processes through a suite of world-class APIs and an intuitive dashboard, allowing businesses to efficiently manage transactions, disburse payroll, and access loan services while also detecting fraud. By streamlining these financial operations, Xendit supports the growth of businesses in the region.
e27
Venture Round in 2015
e27 is a media company based in Singapore, focused on Asia's technology startup ecosystem. Founded in 2006, it provides comprehensive coverage of news affecting the technology industry and startup landscape, along with highlighting emerging web and mobile applications from the region. The company profiles startup founders and offers insights from industry professionals and mentors, supporting entrepreneurs in their ventures. Additionally, e27 organizes the Echelon Conference, an event that brings together entrepreneurs, innovators, investors, and technology organizations to share knowledge and foster connections. Through its online and offline platforms, e27 equips startups with valuable resources, including news updates, thought leadership content, and networking opportunities, facilitating their growth and engagement with potential investors.
Adskom
Series A in 2015
Adskom Pte. Ltd. is an advertising technology company based in Singapore, with additional offices in Jakarta, Indonesia, Palo Alto, California, and Noida, India. Founded in 2013, the company specializes in providing digital advertising solutions tailored for the ASEAN market. Adskom develops programmatic advertising platforms designed to meet the inventory optimization needs of publishers, enhance campaign performance for advertisers, and optimize budget spending for ad buyers. The company's mission is to empower the digital advertising industry through effective technology and insightful business services.
Qraved
Series A in 2014
Qraved is a leading food discovery platform in Indonesia that addresses the challenge of choosing dining options. The platform combines content, community, and commerce, allowing users to explore over 30,000 restaurants through a user-friendly web and mobile interface. It features user-generated reviews, ratings, and photos, along with personalized recommendations and promotional offers. By aggregating and curating content from various media sources, including social media and blogs, Qraved connects millions of monthly users to a diverse selection of dining experiences. The platform facilitates hassle-free reservations and offers a system for users to earn dining points, making it a valuable resource for both culinary enthusiasts and travelers seeking unique dining opportunities.
FemaleDaily Network
Series A in 2014
Female Daily is Indonesia's largest beauty destination on a mission to revolutionise the way Indonesian women discover, share and buy beauty products, services & cosmetics. It's home to the largest female online community and beauty enthusiast where content, community meets commerce. Share and discover most comprehensive beauty products, reviews, trends, and original editorial content.
MBDC Media
Seed Round in 2014
MBDC Media is a Jakarta-based digital brand and content producer that specializes in online media services. Established in 2011, the company operates a network of online platforms, with Malesbanget.com being one of its most recognized products, serving as Indonesia's largest humor and entertainment viral media and video channel. As a YouTube Certified Company, MBDC Media also manages a multi-channel network known as the RED Network, which includes various prominent YouTube creators and video channels. The company focuses on producing high-quality video content and premium web series tailored for its audience and advertisers, while also providing trending news and information that resonates with the Indonesian youth demographic.
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