Alpha JWC Ventures
Indonesia-focused with top-tier experienced local team. Nobody knows Indonesian tech market better than we do. With a world-class local on-the-ground team and our strategic local and global network, we are the best partner for businesses operating in or entering Indonesia.
Deep expertise in FinTech and Sustainable Consumer sector, we have developed expertise in FinTech and Sustainable Consumer sector as we believe they have big potential in Indonesia. In addition, as a technology-focused investor, we continue to look for the next waves of innovation.
Commitment to value creation and social impact, we are an independent and institutional firm that believes in investing in a disciplined manner combined with active portfolio management approach. We take a long-term perspective to create a positive social impact when we partner with entrepreneurs in line with our capital partners of high-quality institutional investors in Asia, US and Europe.
Past deals in Indonesia
Super
Funding Round in 2018
Super is the first Indonesian consumer technology company backed by Y Combinator, which oversees the main feature, Superagen. Superagen is agent-led commerce group buying that enables community leaders to become retailers within their communities.
We use technology to:
1) Empower community leaders to become self-made entrepreneurs by enabling them to sell various products to their communities
2) Build a logistics network with the lowest cost
3) Facilitate communication for social-buying behavior so our agents can sell various products through social networks like WhatsApp
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.
Kopi Kenangan
Series B in 2020
Kopi Kenangan is one of several grab-and-go coffee chains trying to capitalize on the rising trend and demand for grounded coffee beverages in a country which has the lowest coffee consumption per capita in the region, despite being the world’s fourth-largest coffee exporter.
Infina
Seed Round in 2022
Infina is an investment platform that engages in real estate and financial services.
SayurBox, PT
Series C in 2022
SayurBox, PT operates a platform that allows customers to buy pesticide-free vegetables through farm-to-table concept. Its platform allows users to choose organic, hydroponic, pesticide-free, and chemical-free produce in various categories, such as vegetables, fruits, grains, herbs and seasonings, protein food, and ready to consume; click-to-harvest on the produce and adjust quantity; and select delivery date. The company sources and delivers the produce directly from local farmers to customers in DKI Jakarta and South Tangerang areas. SayurBox, PT was founded in 2016 and is based in Jakarta Selatan, Indonesia.
Otoklix
Series A in 2021
Otoklix develops, owns, and operates a platform that provides automotive aftermarket services. It also provides customer relationship management and supply chain management solutions for independent car workshops. It products include Otoklix, a platform that allows users to book services online at a recommended independent workshop nearby. The company was founded in 2019 and is based in Jakarta Selatan, Indonesia.
Funding Societies Pte. Ltd.
Series A in 2016
Funding Societies is an online platform that connects investors with small businesses that need funds, solving the financial inclusion issue by making credit-worthy SMEs bankable.
They operate in South East Asia and have won a lot of accolades, including the Global Excellence Award from ITU Telecom, a specialized agency of the United Nations for ICT. They are the first P2P platform that got operating licenses from the regulators in Singapore, Indonesia, and Malaysia. In 5 years, it has helped finance over 3.3 million business loans with over S$1.8 billion in funding.
Hangry
Series A in 2022
Hangry is a multi-brand restaurant company focusing on serving great foods through food delivery channels. We own several food brands ranging from fried-chicken to coffee. We focus in designing foods that are very tasty, consistent, and affordable to the mass market. All our recipes have gone through tons of testing to make sure each bite is really delicious.
DELOS
Seed Round in 2022
Delos offers a full-stack farm management system that allows shrimp farmers to digitalize their operations.
OnlinePajak
Series C in 2021
OnlinePajak (http://www.online-pajak.com/id/) is all in one application to handle corporate taxes & administration faster & easier. OnlinePajak has a mission to increase tax collection & remove corporate administration and taxes burden with 3 simple steps: prepare, pay & file taxes online in seamless integrated application.
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.
Ajaib
Seed Round in 2019
Ajaib operates an online wealth management platform to automatic saving and investing in Indonesia. The company was founded in 1990 and is based in Jakarta, Indonesia.
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.
Hangry
Series A in 2021
Hangry is a multi-brand restaurant company focusing on serving great foods through food delivery channels. We own several food brands ranging from fried-chicken to coffee. We focus in designing foods that are very tasty, consistent, and affordable to the mass market. All our recipes have gone through tons of testing to make sure each bite is really delicious.
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.
Ajaib
Series A in 2021
Ajaib operates an online wealth management platform to automatic saving and investing in Indonesia. The company was founded in 1990 and is based in Jakarta, Indonesia.
Mangkokku
Series A in 2022
Mangkokku is a culinary startup that offers professional chef-level dishes in the form of rice bowls.
Una Brands
Series A in 2021
Una Brands provide a fast and fair way for e-commerce business owners to sell their companies.
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.
Hangry
Seed Round in 2020
Hangry is a multi-brand restaurant company focusing on serving great foods through food delivery channels. We own several food brands ranging from fried-chicken to coffee. We focus in designing foods that are very tasty, consistent, and affordable to the mass market. All our recipes have gone through tons of testing to make sure each bite is really delicious.
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.
Arrow
Seed Round in 2022
We want to create new, fast, seamless consumer online purchase experiences. No more friction: Arrow's first product is an instant one-tap checkout solution, works across all platforms, and with local payment methods.
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.
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.
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.
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.
Una Brands
Series B in 2022
Una Brands provide a fast and fair way for e-commerce business owners to sell their companies.
Zenius Education
Series B in 2022
Zenius provides a great learning experience to Indonesian students by emphasizing critical thinking and scientific knowledge as a natural part of their everyday lives. We provide accessible yet elaborate subscription-based self-learning materials for K12 students across Indonesia.
CoLearn
Seed Round in 2020
CoLearn develops an edtech platform that enables tuition centers and tutors to create online learning classes for their students. It provides online classes and livestreamed homework and exam assistance. It also features a practice platform that allows students to learn independently and at their own pace, with the help of hints and solutions to each problem. CoLearn was founded in 2020 and is based in Kebayoran Baru, Indonesia.
Ajaib
Series B in 2021
Ajaib operates an online wealth management platform to automatic saving and investing in Indonesia. The company was founded in 1990 and is based in Jakarta, Indonesia.
OnlinePajak
Series B in 2018
OnlinePajak (http://www.online-pajak.com/id/) is all in one application to handle corporate taxes & administration faster & easier. OnlinePajak has a mission to increase tax collection & remove corporate administration and taxes burden with 3 simple steps: prepare, pay & file taxes online in seamless integrated application.
Ajaib
Series A in 2021
Ajaib operates an online wealth management platform to automatic saving and investing in Indonesia. The company was founded in 1990 and is based in Jakarta, Indonesia.
Bobobox Indonesia
Series A in 2020
PT Bobobox Mitra Indonesia is a hospitality company that provides accommodation services for travelers and millennial adventurers. It also provides franchise opportunities. The company was founded in 2017 and is based in Bandung, Indonesia.
Gudangada
Series B in 2021
GudangAda connects small mom-and-pop retailers with wholesalers. The platform empowers the FMCG supply chain by bridging a technology gap, enabling traders to become both a seller and buyer in conducting multiple transactions concurrently. This way, business are able to sell products at cheaper rates and expand their reach.
TaniGroup
Seed Round in 2018
TaniHub is a B2B agriculture marketplace that connects farmers with food, hotel, restaurant, and catering business people.
It offers an e-commerce platform for agricultural products and empowers local farmers by providing market access and financial access. Through TaniHub, local farmers can sell their crops to individuals as well as micro, small, and medium enterprises (MSMEs) in various regions.
Headquartered in Jakarta, Jakarta Raya, co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan founded it in 2015.
Alterra
Venture Round in 2018
Alterra is a technology company that provides services in bill payment aggregator, promotion platform, and distribution network. The company also offers online payment solutions for various products such as mobile top-up, electricity token, BPJS, and other utilities.
Alterra goal is to digitize Indonesian society by serving multiple business lines in the digital distribution network and online industry. It was founded in 2015 and is based in Jakarta, Malang, and Jambi, Indonesia.
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.
Logivan
Venture Round in 2019
LOGIVAN Technologies JSC provides cargo transportation services between Vietnamese Northern and Southern provinces. It uses a network of truckers with small and medium-sized shippers; and provides logistics services, connecting shippers and a network of empty returned truck in Vietnam. The company offers LOGIVAN Truck Owner solution to help connect truck owners directly with shipments; and LOGIVAN Shipper, a technology solution to help businesses directly connect with the network of transport partners. The company was founded in 2017 and is headquartered in Hanoi, Vietnam.
PT Lemonilo Indonesia Sehat
Venture Round in 2018
PT Lemonilo Indonesia Sehat owns and operates an online platform that retails beauty and personal care products and food products. The company retails food products, such as snacks, vegetables, fruits, meat and seafood, baby food, and juices. It also retails personal care products, such as face treatment products, body care products, dental and oral care products, and essential oils. The platform retails health supplements and beauty supplements. The company also sells products through its retail stores. PT Lemonilo Indonesia Sehat was founded in 2016 and is based in Jakarta Barat, Indonesia.
Evermos
Series A in 2019
Evermos is a social commerce startup that connects resellers-to-brands to consumers via platform to sell everyday Muslim products in Indonesia.
Founded in November 2018, by utilizing the reseller program, Evermos incentivizes individuals to share the provided products on their messaging application or social media. Allowing the reseller to own a business or online store without requiring operating capital and complex e-commerce system. Evermos focuses on bringing the everyday needs for every Moslem, by providing halal products in various verticals, including fashion, food, cosmetics, home appliances, and business opportunities that comply with Sharia laws.
Target Media Nusantara
Series A in 2018
PT Target Media Nusantara (TMN) is a member of China Focus Media Group’s network, China’s largest lifestyle connected media network, the biggest indoor Out of Home Advertising company in China and top 10 in the world, and 2nd largest media group in China beside CCTV in term of market value. Starting from last year, we have been expanding to Korea, Singapore, Hongkong and now in Indonesia.
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.
Zenius Education
Series B in 2021
Zenius provides a great learning experience to Indonesian students by emphasizing critical thinking and scientific knowledge as a natural part of their everyday lives. We provide accessible yet elaborate subscription-based self-learning materials for K12 students across Indonesia.
Bobobox Indonesia
Seed Round in 2019
PT Bobobox Mitra Indonesia is a hospitality company that provides accommodation services for travelers and millennial adventurers. It also provides franchise opportunities. The company was founded in 2017 and is based in Bandung, Indonesia.
Kopi Kenangan
Seed Round in 2018
Kopi Kenangan is one of several grab-and-go coffee chains trying to capitalize on the rising trend and demand for grounded coffee beverages in a country which has the lowest coffee consumption per capita in the region, despite being the world’s fourth-largest coffee exporter.
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.
OnlinePajak
Series A in 2017
OnlinePajak (http://www.online-pajak.com/id/) is all in one application to handle corporate taxes & administration faster & easier. OnlinePajak has a mission to increase tax collection & remove corporate administration and taxes burden with 3 simple steps: prepare, pay & file taxes online in seamless integrated application.
PT 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.
ZUZU Hospitality Solutions
Series A in 2018
ZUZU Hospitality is chain for independent hotels, delivering revenue growth through distribution and revenue management.
As such, we are the indisputable primary partner to hoteliers in driving revenue. Acting as their hotel operating system, we power their back office revenue generation business operations, allowing them to focus on being great hoteliers.
UangTeman
Seed Round in 2016
UangTeman is an online lending service that provides instant short-term microcredit to Indonesian consumers. It aims to provide online financing, anywhere and anytime as an alternative to conventional lending models of banks or other finance companies. Currently, UangTeman offers unsecured loans of a maximum of 3.5 million Rupiah for a maximum of 30 days. It serves the Greater Jakarta area, Yogyakarta, Solo, Magelang, Klaten, Bandung, Surabaya, Semarang, Bali, Makassar, Palembang, Lampung, Jambi, and Balikpapan.
UangTeman was founded in 2014.
UangTeman
Series A in 2017
UangTeman is an online lending service that provides instant short-term microcredit to Indonesian consumers. It aims to provide online financing, anywhere and anytime as an alternative to conventional lending models of banks or other finance companies. Currently, UangTeman offers unsecured loans of a maximum of 3.5 million Rupiah for a maximum of 30 days. It serves the Greater Jakarta area, Yogyakarta, Solo, Magelang, Klaten, Bandung, Surabaya, Semarang, Bali, Makassar, Palembang, Lampung, Jambi, and Balikpapan.
UangTeman was founded in 2014.
Stoqo
Venture Round in 2017
Stoqo Technology owns and operates an online marketplace for small restaurant and hotel owners that helps them bulk source raw materials at direct factory prices. The company was founded in 2016 and is based in Jakarta, Indonesia.
AsmaraKu
Seed Round in 2016
AsmaraKu.com really understand your goals as suppliers (suppliers). As a pioneer of unique E-commerce market in Indonesia, They can provide a great opportunity for you to use the services of online sales and distribution facilities to reach Their customers the most appropriate for you.
PT 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 Pte. Ltd.
Series B in 2018
Funding Societies is an online platform that connects investors with small businesses that need funds, solving the financial inclusion issue by making credit-worthy SMEs bankable.
They operate in South East Asia and have won a lot of accolades, including the Global Excellence Award from ITU Telecom, a specialized agency of the United Nations for ICT. They are the first P2P platform that got operating licenses from the regulators in Singapore, Indonesia, and Malaysia. In 5 years, it has helped finance over 3.3 million business loans with over S$1.8 billion in funding.
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.
Mangkokku
Seed Round in 2020
Mangkokku is a culinary startup that offers professional chef-level dishes in the form of rice bowls.
Sale Stock Indonesia
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.
Nusantara Technology
Series A in 2018
Nusantara Technology is a technology and media group created by Indonesians for the younger generation. We believe that the youthful Indonesian generation has the potential to make a positive impact on Indonesia. Therefore, Nusantara Technology is responsible for shaping the mentality of the next generation by providing content and technology that will bring Indonesia to the forefront of innovation.Nusantara Technology is a gateway and one-stop solution to reach Gen-Z and the Millenial generation. We are trusted by Fortune 500 Company and well known brands to connecting and delivering their messages through digital creative advertising and activities
ZUZU Hospitality Solutions
Seed Round in 2017
ZUZU Hospitality is chain for independent hotels, delivering revenue growth through distribution and revenue management.
As such, we are the indisputable primary partner to hoteliers in driving revenue. Acting as their hotel operating system, we power their back office revenue generation business operations, allowing them to focus on being great hoteliers.
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.
PT 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.
Rata
Seed Round in 2019
Rata is a dental technology startup
PasarPolis
Series B in 2020
PasarPolis is the leading Insuretech company in Southeast Asia and the only company jointly invested by three Unicorns in Indonesia, Go-Jek, Tokopedia, and Traveloka working to enable consumers to be protected. Offers customised tailor made insurance products via B2B strategic partnerships and direct to consumers. Products extend beyond traditional insurance to address consumer needs across multiple tech ecosystem. Leverages cutting-edge technology to redefine insurance.
Raena
Series A in 2021
RAENA R.U. PTE. LTD operates an E-commerce platform, which helps social media influencers launch their own brands. It helps in product development through marketing, brand construction, sales, and distribution. The company primarily engages in developing brands for beauty products. The company was founded in 2018 and is based in Singapore, Singapore.
Mediatrac
Venture Round in 2015
Dattabot, previously known as Mediatrac, is an Indonesian Big Data Analytics company with a focus on data integration. Powered by the most advanced analytics technology and the most comprehensive data library in Indonesia, we have the capacity to unlock the hidden value in your data.
Since 2010, Dattabot has been harnessing the power of Big Data technology to provide innovative solutions to clients from various industries including fast moving consumer goods (FMGC) companies, financial institutions, and government institutions.
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.
Gudangada
Seed Round in 2020
GudangAda connects small mom-and-pop retailers with wholesalers. The platform empowers the FMCG supply chain by bridging a technology gap, enabling traders to become both a seller and buyer in conducting multiple transactions concurrently. This way, business are able to sell products at cheaper rates and expand their reach.
FinAccel
Seed Round in 2016
FinAccel is a financial technology company creating disruptive and meaningful products in retail credit for Southeast Asia, the 7th largest economy in the world and home to nearly 10% of the world's population. With an all star team of investors, founders and employees, FinAccel is currently focused on disruption in the unsecured lending space.
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.
FinAccel
Series B in 2018
FinAccel is a financial technology company creating disruptive and meaningful products in retail credit for Southeast Asia, the 7th largest economy in the world and home to nearly 10% of the world's population. With an all star team of investors, founders and employees, FinAccel is currently focused on disruption in the unsecured lending space.
Gudangada
Series A in 2020
GudangAda connects small mom-and-pop retailers with wholesalers. The platform empowers the FMCG supply chain by bridging a technology gap, enabling traders to become both a seller and buyer in conducting multiple transactions concurrently. This way, business are able to sell products at cheaper rates and expand their reach.