Agaeti Ventures

Agaeti Ventures was an early-stage venture capital firm based in Jakarta, Indonesia. The firm specialized in investing in nascent companies, focusing on fostering innovation and growth in the region's startup ecosystem. On April 5, 2020, Agaeti Ventures merged with Convergence Ventures to create AC Ventures, combining their resources and expertise to better support emerging businesses in Southeast Asia.

20 past transactions

Pathao

Series B in 2024
Pathao Ltd. is a prominent digital platform in Bangladesh, established in 2015 and headquartered in Dhaka. The company specializes in ride-hailing, courier delivery, and food delivery services. It operates an application that facilitates ride-sharing through cars and bikes, as well as logistics solutions that connect online stores with customers for parcel delivery, including documents and gifts. Pathao has expanded its services to Nepal and currently operates in 64 districts across Bangladesh and 22 cities in Nepal. Known as the leading courier delivery company in Bangladesh, Pathao also offers fintech solutions and digital credit services, making it a significant player in the mobility, logistics, and financial services sectors in South Asia.

Antler

Venture Round in 2024
Antler is a British company that has been making well designed and high quality luggage for over 100 years. We have remained at the forefront of the industry thanks to our passion for craftsmanship and dedication to be innovative. Ultimately we aim to ensure everything we do is underpinned by the key pillars of the brand.

ONIC Esports

Venture Round in 2021
Onic Esports is an esports organization founded in 2018 by Rob Clinton Kardinal in Jakarta, Indonesia. The organization focuses on both offline and online gaming, managing competitive teams in popular titles such as Mobile Legends: Bang Bang, PUBG Mobile, Valorant, and Free Fire. Onic Esports aims to provide professional management for talented players, helping them develop their careers in the esports industry while competing in international competitions. Through its commitment to fostering competitive gaming, Onic Esports seeks to contribute to the growth and disruption of sports entertainment.

Soul Parking

Seed Round in 2020
Soul Parking is a specialized parking management service that addresses urban motorcycle parking challenges through innovative solutions. The company has developed compact motorcycle storage systems designed to optimize limited land areas while ensuring safety and comfort for users. These systems incorporate security measures, including closed-circuit television monitoring and the oversight of parking attendants, to provide a secure environment for two-wheelers. By focusing on modern design and efficient use of space, Soul Parking offers a reliable and accountable parking solution aimed at alleviating traffic congestion and enhancing the overall parking experience for motorcycle users.

ProSpark

Seed Round in 2020
ProSpark is a learning management system designed to facilitate the onboarding, training, and certification of employees within organizations. The platform offers a user-friendly and flexible interface that enables companies to conduct knowledge transfer and fosters collaboration among employees and customers. With a focus on upskilling and reskilling, ProSpark provides gamified learning tools and resources that aim to enhance professional skills. This approach helps organizations develop their workforce effectively and ultimately increase productivity.

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.

Alami

Seed Round in 2019
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.

Yummy Corp

Series A in 2019
Yummy Corp is a cloud kitchen management and online catering company based in Tangerang, Jawa Barat, founded in 2017 by brothers Marbio, Mario, and Marius Suntanu, along with Juan Chene. The company operates a network of delivery-only kitchens, providing fresh and creative food solutions for corporate and group needs. Yummy Corp offers a range of services, including food facility management, customizable corporate-branded outlets, and their signature MICE catering, aimed at enhancing customer experiences while managing costs. Their cloud kitchen service, Yummykitchen, launched in 2019, specializes in renting shared kitchen spaces and managing operations for partner brands. By supplying existing food and beverage brands with kitchen infrastructure and necessary staff, Yummy Corp facilitates the fulfillment of delivery and takeout orders, catering to sectors such as corporate, healthcare, and education.

StickEarn

Series A in 2019
StickEarn is an innovative out-of-home advertising platform that connects drivers with brands, facilitating impactful advertising on vehicles. By leveraging intelligent asset networks and advanced technologies, StickEarn creates memorable and measurable advertising campaigns that enhance brand visibility during everyday journeys. The platform focuses on teamwork and integrity, providing customer-centric services that enable brands to effectively engage their target audiences. Through its unique approach, StickEarn offers advertisers the opportunity to reach consumers in a dynamic and effective manner, making vehicle advertising a powerful tool for brand promotion.

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.

Ride Jakarta

Seed Round in 2019
Ride Jakarta is an indoor cycling studio based in Jakarta, Indonesia, founded in 2015. The company offers three distinct classes to cater to a wide range of fitness levels: a beginners ride designed for newcomers to indoor cycling and fitness, a signature ride suitable for all participants, and an advanced ride aimed at experienced riders who have completed more than ten classes. In addition to providing engaging cycling workouts that promote cardiovascular endurance and overall body toning, Ride Jakarta addresses customer inquiries via phone, email, and online applications, ensuring effective communication and support for its clientele.

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.

CoHive

Series B in 2019
CoHive is Indonesia's largest coworking space provider, previously known as EV Hive. The company offers a blend of coworking, coliving, coretail, and event space solutions aimed at fostering a cohesive working and living environment. With a mission to build a robust community, CoHive connects and supports startups and small to medium enterprises (SMEs) across Indonesia. The company operates approximately 33 locations in major cities including Jakarta, Medan, Yogyakarta, and Bali, catering to around 9,000 members, predominantly startups and SMEs. CoHive also provides facilities for retail spaces, allowing businesses to showcase their products within a vibrant startup community. The company's headquarters is located in Jakarta, and its leadership team includes co-founders Jason Lee and Ethan Choi, along with COO Erich Hirawan and CRO Iris Wee.

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.

Kargo Technologies

Seed Round in 2019
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.

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.

Warung Pintar Group

Series A in 2019
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.

Xurya

Seed Round in 2018
Xurya is a renewable energy platform that facilitates the transition to solar energy for commercial and industrial rooftop owners while providing investors with stable investment opportunities in rooftop solar projects. The platform offers a comprehensive suite of services, including renewable energy advisory, financing options, tailored solutions, and installation and maintenance support. By connecting rooftop owners with investors, Xurya helps to ensure a seamless experience and peace of mind for both parties, ultimately contributing to a greener and more sustainable future.

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.

Otten Coffee

Series A in 2015
Otten Coffee is an online retailer based in Medan, Indonesia, specializing in coffee and coffee-related products. The company serves as a comprehensive e-commerce platform for coffee enthusiasts, offering a wide range of items essential for preparing high-quality coffee. Its product lineup includes coffee beans, espresso machines, grinders, and various tools for baristas. Otten Coffee caters to a diverse clientele, from professionals in the coffee shop industry to home coffee drinkers, providing them with the necessary equipment and supplies to enhance their coffee-making experience.
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