Alpha JWC Ventures

Alpha JWC Ventures is a venture capital firm established in 2015, headquartered in Jakarta, Indonesia, with an additional presence in Singapore. The firm specializes in seed to Series B investments, focusing on technology, financial services, and consumer goods sectors across Indonesia and Vietnam. Alpha JWC Ventures aims to make sector-agnostic investments, particularly in disruptive technologies and financial technologies, recognizing their significant potential in Southeast Asia. With a well-experienced local team and a robust global network, the firm positions itself as a premier partner for businesses navigating the Indonesian market. It emphasizes a long-term investment strategy, collaborating with institutional investors, strategic institutions, and family offices from Asia, the United States, and Europe. The firm is committed to value creation and social impact, actively managing its portfolio to foster innovation and positive outcomes for entrepreneurs and their communities.

Erika Dianasari Go

Partner

Dharmadi Gusanto

Investor

Hansen Hubert

Vice President, Investment

Eko Kurniadi

Partner, Investment

Pintaro Mulia

Principal

Wiling Ongkowidjaja

Co-Founder and Managing Partner

Will Ongkowidjaja

Founding Partner

Florence Gracia Santoso

Director, Legal

Melina Subastian

VP of Investment

Samantha Tedjosugondo

VP of Finance

Nadia Putri Tjahyadi

vice_president

Terry Tse

Venture Partner

Gabriela Tudorina

Senior Investment Analyst

Past deals in Singapore

Una Brands

Series B in 2022
Una Brands provide a fast and fair way for e-commerce business owners to sell their companies.

Omni HR

Pre Seed Round in 2022
Omni HR helps companies automate their end-to-end employee journey including recruitment, onboarding, time off, employee management, and more.

True Platform

Seed Round in 2022
True Platform base global is a business to business software-as-a-service company. They provide technology management solutions for global enterprises. They are customer-based applications, enabling to build customer centric platform. They specialize in information technology and services.

Unravel Carbon

Seed Round in 2022
Unravel Carbon is an enterprise software company that focuses on helping businesses in Asia track and reduce their carbon emissions. It offers an AI-driven decarbonization platform that assists companies in measuring, monitoring, and reporting their carbon footprints. The platform converts corporate data into detailed carbon metrics for entire supply chains and automates the creation of climate solutions and regulatory reports. This enables businesses to streamline their decarbonization efforts and enhance their sustainability performance.

Pace

Series A in 2022
Pace is an online payment platform that allows users to shop for more with no interest or hidden fees. The platform lets shoppers take charge of their spending without giving up on the things they need or deserve. It turns purchases into 3 interest-free installments that give shoppers the breathing space to buy now.

Next Gen Foods

Series A in 2022
Next Gen Foods is a food-tech startup that offers plant-based meats products. We use plants to create a delicious and satisfying meat experience that will make you forget animal meat even exists.

Infina

Seed Round in 2022
Infina is an investment platform that engages in real estate and financial services.

Una Brands

Series A in 2021
Una Brands provide a fast and fair way for e-commerce business owners to sell their companies.

Spenmo

Series A in 2021
Spenmo is a platform to help businesses manage spending by tracking company cards, automate invoice payments, and digital ledgers across transactions.

Vara

Seed Round in 2021
Vara is focused specifically on making staff management easier for small businesses and their workers, replacing the notebooks or spreadsheets many relied on to keep track of payroll with an app called Bukugaji.

Raena

Series A in 2021
Raena R.U. PTE. LTD is an e-commerce platform based in Singapore, primarily focused on enabling social media influencers to launch their own beauty brands. Founded in 2018, the company specializes in product development, marketing, brand construction, sales, and distribution. In addition to supporting influencers, Raena also caters to Indonesian customers by offering a selection of beauty products sourced from Japan and Korea. The company was established by Sreejita Deb, who has a background in prestigious institutions such as Harvard Business School, Google, and Amazon.

Pace

Seed Round in 2021
Pace is an online payment platform that allows users to shop for more with no interest or hidden fees. The platform lets shoppers take charge of their spending without giving up on the things they need or deserve. It turns purchases into 3 interest-free installments that give shoppers the breathing space to buy now.

Style Theory

Series B in 2019
Style Theory is a fashion rental subscription platform that provides economically sustainable fashion choices. It operates through the Style Theory app, which members are required to download in order to access the service. The account registration process is straightforward and easily completed in a few clicks, with the provision of requisite standard account information such as the member’s address, mobile number, and credit card information. The platform is relatively easy to use, and keeps data such as the member’s body measurements, which allows the app to filter items available in a relevant size and provide a “score” on how well the item would fit. Style Theory was founded in 2016 by Chris Halim and Raena Lim.

Neurosensum

Series A in 2019
Neurosensum develops artificial intelligence based software applications to understand consumer’s subconscious responses to advertisements, billboard designs, supermarket tiles, and product packaging. Its product MYNDSIGHT is a neuroscience-based emotion recognition technology that uses machine learning algorithms to get frame by frame emotional response of the customers towards a advertisements. Neurosensum was founded in 2017 and is based in Jakarta Selatan, Indonesia with additional offices in London, United Kingdom and Singapore.

Carro

Series B in 2019
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

Target Media Nusantara

Series A in 2018
PT Target Media Nusantara specializes in indoor digital media advertising, providing services that include the installation of screens in lifts and lobbies of office buildings, apartments, and hotels. Established in 2003 and based in Jakarta Selatan, Indonesia, the company has attracted notable clients such as Lazada, Zalora, Bobobox, Carmudi, and Deltomed. As a member of the China Focus Media Group, which is recognized as the largest lifestyle connected media network in China and a leading player in the global indoor out-of-home advertising market, Target Media Nusantara has been expanding its reach into international markets, including Korea, Singapore, and Hong Kong. The company aims to enhance brand awareness for its clients through effective communication channels.

ZUZU Hospitality

Series A in 2018
ZUZU Hospitality Solutions is a Singapore-based company that specializes in providing online revenue management and marketing services tailored for small independent hotels. The firm offers a comprehensive suite of software and service solutions designed to enhance revenue growth through effective distribution and revenue management strategies. By acting as a central operating system for hoteliers, ZUZU Hospitality streamlines back-office operations, enabling hotel owners to concentrate on improving guest experiences while maximizing their revenue potential.

Neurosensum

Venture Round in 2018
Neurosensum develops artificial intelligence based software applications to understand consumer’s subconscious responses to advertisements, billboard designs, supermarket tiles, and product packaging. Its product MYNDSIGHT is a neuroscience-based emotion recognition technology that uses machine learning algorithms to get frame by frame emotional response of the customers towards a advertisements. Neurosensum was founded in 2017 and is based in Jakarta Selatan, Indonesia with additional offices in London, United Kingdom and Singapore.

Carro

Series B in 2018
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

Funding Societies

Series B in 2018
Funding Societies Pte. Ltd. is a peer-to-peer financing platform based in Singapore, founded in 2015. It connects investors with small and medium-sized enterprises (SMEs) seeking funding, thereby addressing financial inclusion challenges and making credit-worthy SMEs more bankable. The platform offers a range of flexible financing options, including micro and term loans, as well as invoice financing, supported by advanced credit scoring and risk assessment models. Since its inception, Funding Societies has facilitated over 3.3 million business loans, amounting to more than S$1.8 billion in funding. The company has received multiple accolades, including the Global Excellence Award from ITU Telecom, and holds operating licenses from regulators in Singapore, Indonesia, and Malaysia, making it a pioneer in the region's peer-to-peer lending landscape.

DealStreetAsia

Venture Round in 2018
As of April 26, 2019, operates as a subsidiary of Nikkei Inc.

Style Theory

Series A in 2017
Style Theory is a fashion rental subscription platform that provides economically sustainable fashion choices. It operates through the Style Theory app, which members are required to download in order to access the service. The account registration process is straightforward and easily completed in a few clicks, with the provision of requisite standard account information such as the member’s address, mobile number, and credit card information. The platform is relatively easy to use, and keeps data such as the member’s body measurements, which allows the app to filter items available in a relevant size and provide a “score” on how well the item would fit. Style Theory was founded in 2016 by Chris Halim and Raena Lim.

ZUZU Hospitality

Seed Round in 2017
ZUZU Hospitality Solutions is a Singapore-based company that specializes in providing online revenue management and marketing services tailored for small independent hotels. The firm offers a comprehensive suite of software and service solutions designed to enhance revenue growth through effective distribution and revenue management strategies. By acting as a central operating system for hoteliers, ZUZU Hospitality streamlines back-office operations, enabling hotel owners to concentrate on improving guest experiences while maximizing their revenue potential.

Sorabel

Series B in 2017
Sorabel is a rapid-growing startup who breathes data and technology in its core business. Sorabel gives access to affordable, high-quality clothes to everyone who needs it. You can't live without clothing and the fashion industry is crooked and elitist. They sell clothes for 5-10 times of its manufacturing price and offer bogus discounts at their whim. They cater only to the fortunately privileged and abandon the working class and the underprivileged. Sale Stock's team members hail from Stanford, Carnegie Mellon, Duke, Purdue, UCLA, NTU, NUS, Imperial College London and ANU Graduates with top company background such as NASA, Google, Palantir, Facebook, Apple, Amazon, Yahoo!, Sony, IBM, Microsoft, Citibank, McKinsey & Company and Accenture. Our offices are located in several different cities in Jakarta, Tangerang, Yogyakarta, Bandung, Bali, and Singapore.

Carro

Venture Round in 2017
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

Spacemob

Seed Round in 2016
Spacemob Pte. Ltd. builds foundations for individuals and businesses by providing space, technology, and connections in Singapore. The company provides co-working space that includes high speed Internet; access to member network and weekly events; conference rooms and private phone booths; gym facilities; member privileges; and others. The company was incorporated in 2016 and is based in Singapore. As of August 6, 2017, Spacemob Pte. Ltd. operates as a subsidiary of WeWork Management LLC.

Jualo

Series A in 2016
Jualo is a full stack hybrid e-classifieds marketplace with a core focus on trading second hand goods within a short (geographical) distance (geo-search functionality). The business is specifically tailored towards serving the Indonesian consumer in the best way possible, while tackling the country’s main industry issues in the process. Users have the option to buy, trade and/or bid for goods and Jualo facilitates each aspect of the buying process.

Funding Societies

Series A in 2016
Funding Societies Pte. Ltd. is a peer-to-peer financing platform based in Singapore, founded in 2015. It connects investors with small and medium-sized enterprises (SMEs) seeking funding, thereby addressing financial inclusion challenges and making credit-worthy SMEs more bankable. The platform offers a range of flexible financing options, including micro and term loans, as well as invoice financing, supported by advanced credit scoring and risk assessment models. Since its inception, Funding Societies has facilitated over 3.3 million business loans, amounting to more than S$1.8 billion in funding. The company has received multiple accolades, including the Global Excellence Award from ITU Telecom, and holds operating licenses from regulators in Singapore, Indonesia, and Malaysia, making it a pioneer in the region's peer-to-peer lending landscape.

Carro

Series A in 2016
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

Modalku

Venture Round in 2016
Modalku is an online marketplace based in Jakarta, Indonesia for small businesses to acquire loans and for lenders to fund small business loans to earn compelling returns. Its technology-based approach enables borrowers to receive loans for the first time or at lower than market rates, while lenders will earn returns well above that of bank deposits, traditional fixed income products, and life insurance investment-linked products. This marketplace lending model is proven in countries such as USA, UK, China & Singapore.

Jualo

Series A in 2016
Jualo is a full stack hybrid e-classifieds marketplace with a core focus on trading second hand goods within a short (geographical) distance (geo-search functionality). The business is specifically tailored towards serving the Indonesian consumer in the best way possible, while tackling the country’s main industry issues in the process. Users have the option to buy, trade and/or bid for goods and Jualo facilitates each aspect of the buying process.

Jualo

Seed Round in 2015
Jualo is a full stack hybrid e-classifieds marketplace with a core focus on trading second hand goods within a short (geographical) distance (geo-search functionality). The business is specifically tailored towards serving the Indonesian consumer in the best way possible, while tackling the country’s main industry issues in the process. Users have the option to buy, trade and/or bid for goods and Jualo facilitates each aspect of the buying process.