BEENEXT 2

BEENEXT, established in 2015, is a Singapore-based Venture Capital firm that invests in early-stage technology start-ups, primarily in South East Asia, India, and Japan. The firm, managed by serial entrepreneurs, focuses on providing operational support, network, trust, and unique perspectives alongside capital to founders building new digital platforms driven by data networks. Since inception, BEENEXT has invested in over 180 companies globally, aiming to create a global platform for founders, by founders, and for founders.

Hero Choudary

Managing Partner

Hero Choudhary

Partner

Yusuke Kono

Director

Hironori Maeda

Managing Partner

Hiro Maeda

Managing Partner

Danella Muljono

Investment Associate

Ricky Nguyen

Director, Operations and Finance

Yukano Nishijima

Investment Manager

Dirk van Quaquebeke

Founding Managing Partner

Faiz Rahman

Partner

Teruhide Sato

CEO and Founder

Chinmaya Saxena

Partner, Community Strategy

Saksham Pant

Principal

Past deals in Indonesia

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.

Delegasi

Venture Round in 2022
Delegasi operates as an AI-powered virtual financial assistant tailored for small food and beverage businesses in Indonesia. By allowing users to upload receipts, the platform generates essential financial statements, including income statements, cash flow statements, and balance sheets. This automated accounting solution not only provides monthly business analysis but also offers insights into the management of raw materials, estimated cash for profit sharing, and potential expansion opportunities. Through its technology, Delegasi aims to simplify financial reporting and enhance the efficiency of accounting services for its users.

Mekari

Series E in 2022
Mekari is a software-as-a-service (SaaS) company based in Jakarta, Indonesia, specializing in cloud-based business automation technology. Founded in 2015, Mekari provides a suite of solutions designed for business-to-business (B2B) applications, catering to a diverse clientele that includes multinational corporations as well as micro, small, and medium enterprises (MSMEs). The company's software facilitates the digitization and automation of various operational processes, allowing businesses to manage critical areas such as human resources, finance, and taxation while ensuring compliance with relevant regulations. By streamlining administrative tasks, Mekari enables organizations to concentrate on more strategic initiatives, enhancing overall operational efficiency.

Zenius

Series B in 2022
Zenius is an online education platform that aims to enhance the learning experience of K12 students in Indonesia by promoting critical thinking and scientific knowledge. The company offers subscription-based self-learning materials that are accessible and tailored to the needs of Indonesian students. Zenius utilizes a combination of online educational videos and offline media formats, such as CDs and DVDs, to ensure comprehensive access to its resources. By focusing on providing visual content, Zenius enables students to acquire critical, logical, and integrated scientific knowledge effectively.

Andalin

Venture Round in 2022
Andalin is an international trade platform that specializes in logistics and facilitates global export and import activities. Offering a comprehensive solution, the platform simplifies cross-border shipping for businesses, particularly small and medium-sized enterprises (SMEs). With a Customs Brokerage and International Freight Forwarding license, Andalin provides essential services such as freight arrangements and customs clearance, ensuring transparency and high-quality customer service for its clients. The platform has successfully served hundreds of businesses in Indonesia, including both national and multinational companies, enhancing their ability to navigate the complexities of international trade.

Gotrade

Series A in 2022
Gotrade is a fractional share trading startup that provides an application enabling retail investors in 150 countries to invest commission-free in fractions of companies. The platform offers access to public equity markets, allowing users to trade fractional U.S. stocks specifically within Indonesian markets. It incorporates biometric access and bit encryption to enhance security, facilitating a low-risk investment environment. Users with accounts under $25,000 are permitted to make a maximum of three day trades every five trading days. Currently, access to the service is available on an invite-only basis.

VCGamers

Seed Round in 2022
VCGamers is a social commerce platform based in Bekasi, Indonesia, designed for gamers to trade, connect, and share their gaming experiences. Initially established as a service provider for game top-ups and digital products, VCGamers has transformed into a comprehensive social marketplace that facilitates secure and convenient transactions. The platform allows users to buy and sell in-game currencies, items, and services, while also enabling them to discover new games and engage with fellow gamers. Additionally, VCGamers offers daily updates on gaming, esports, technology, and gadgets through its VCNews service. The company collaborates with various ecosystem partners, including brands, esports teams, game developers, and event organizers, to enhance the gaming community experience.

Brankas

Series B in 2022
Brankas is a fintech company based in DKI Jakarta, Indonesia, founded in August 2016. It specializes in providing an open finance platform that facilitates access to modern financial services for consumers and businesses globally. Brankas offers a range of financial software solutions, including payment transfers, bill payments, and fund disbursement, tailored for e-commerce, small and medium enterprises, and larger corporations. The company’s technology enables banks and financial institutions to seamlessly integrate digital products and services into their operations through APIs and user dashboards, allowing for automated payment processing with a focus on enterprise-grade security. This approach helps clients manage their accounts and transactions efficiently, enhancing their overall financial capabilities.

Brankas

Series B in 2021
Brankas is a fintech company based in DKI Jakarta, Indonesia, founded in August 2016. It specializes in providing an open finance platform that facilitates access to modern financial services for consumers and businesses globally. Brankas offers a range of financial software solutions, including payment transfers, bill payments, and fund disbursement, tailored for e-commerce, small and medium enterprises, and larger corporations. The company’s technology enables banks and financial institutions to seamlessly integrate digital products and services into their operations through APIs and user dashboards, allowing for automated payment processing with a focus on enterprise-grade security. This approach helps clients manage their accounts and transactions efficiently, enhancing their overall financial capabilities.

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.

Makmur

Seed Round in 2021
Makmur is a start-up that offers a technology-driven investment application aimed at helping Indonesians achieve their financial goals and invest for the long term. The app enables users to manage their finances and grow their wealth according to their individual circumstances and objectives. It features an investment pocket tool, allowing users to allocate funds for various purposes, such as emergency savings, retirement, and education. Additionally, Makmur incorporates a Robo-advisor feature, which assists users in making informed investment decisions based on their risk tolerance, investment timeline, and current economic conditions. The platform emphasizes ease of use, safety, and sustainability in financial planning and investment.

Fintelite

Pre Seed Round in 2021
Sribuu is an Indonesia-based personal financial application aimed at enhancing users' financial literacy and management skills. The app provides tools for recording and analyzing spending by automatically tracking transactions from major banks and e-wallet services. This functionality helps users monitor their income and expenses more effectively. By offering personalized recommendations based on individual financial habits, Sribuu empowers users to make informed financial decisions and develop better money management strategies.

Transfez

Seed Round in 2021
Transfez is an Indonesian cross-border money transfer service that facilitates money transfers to over 50 countries in 26 currencies. The company offers a fully digital platform designed to make international money transfers as seamless as domestic transactions. By utilizing this platform, users can send and receive money quickly, often within minutes, while benefiting from relatively low fees. Transfez aims to simplify the remittance process, enabling users to create transactions in various currencies with real-time settlement, thereby enhancing the overall experience of cross-region money transfers.

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.

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.

Zenius

Series B in 2021
Zenius is an online education platform that aims to enhance the learning experience of K12 students in Indonesia by promoting critical thinking and scientific knowledge. The company offers subscription-based self-learning materials that are accessible and tailored to the needs of Indonesian students. Zenius utilizes a combination of online educational videos and offline media formats, such as CDs and DVDs, to ensure comprehensive access to its resources. By focusing on providing visual content, Zenius enables students to acquire critical, logical, and integrated scientific knowledge effectively.

Andalin

Venture Round in 2020
Andalin is an international trade platform that specializes in logistics and facilitates global export and import activities. Offering a comprehensive solution, the platform simplifies cross-border shipping for businesses, particularly small and medium-sized enterprises (SMEs). With a Customs Brokerage and International Freight Forwarding license, Andalin provides essential services such as freight arrangements and customs clearance, ensuring transparency and high-quality customer service for its clients. The platform has successfully served hundreds of businesses in Indonesia, including both national and multinational companies, enhancing their ability to navigate the complexities of international trade.

Trusting Social

Series B in 2020
Trusting Social, established in 2013, is a Singapore-based AI Fintech company that specializes in credit scoring solutions for emerging markets. It leverages big data technology, social, web, and mobile data to score consumers who lack traditional credit history, enabling lenders to extend credit to the underbanked. The company operates in Vietnam, Indonesia, India, and the Philippines, with offices in each of these countries.

Zenius

Series A in 2019
Zenius is an online education platform that aims to enhance the learning experience of K12 students in Indonesia by promoting critical thinking and scientific knowledge. The company offers subscription-based self-learning materials that are accessible and tailored to the needs of Indonesian students. Zenius utilizes a combination of online educational videos and offline media formats, such as CDs and DVDs, to ensure comprehensive access to its resources. By focusing on providing visual content, Zenius enables students to acquire critical, logical, and integrated scientific knowledge effectively.

Sprout Solutions

Series A in 2019
Sprout Solutions is a provider of payroll and HR software tailored for emerging markets, with a strong foothold in the Philippines and expanding operations in Singapore and Indonesia. The company's platform automates administrative tasks related to HR and payroll, offering a comprehensive online payroll service and a secure cloud-based human resource information system. By replacing traditional methods such as spreadsheets and printed forms with biometrics and single-click processing, Sprout enhances efficiency in timekeeping and attendance. Additionally, its unified system consolidates recruitment operations, enabling businesses to streamline their HR functions and address challenges in payroll and human resource management.

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.

Trusting Social

Series A in 2019
Trusting Social, established in 2013, is a Singapore-based AI Fintech company that specializes in credit scoring solutions for emerging markets. It leverages big data technology, social, web, and mobile data to score consumers who lack traditional credit history, enabling lenders to extend credit to the underbanked. The company operates in Vietnam, Indonesia, India, and the Philippines, with offices in each of these countries.

Raena

Seed Round in 2019
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.

Wallex

Seed Round in 2018
Wallex Technologies Pte, Ltd. is a Singapore-based company that develops and operates an online cash management platform tailored for SMEs and Fintechs in Asia. Incorporated in 2015, it provides a range of financial solutions, including virtual accounts for collections and disbursements, a multi-currency wallet, foreign exchange conversions, and cross-border payments. Through its platform, customers can transact in 46 currencies, benefiting from fast and seamless transactions along with competitive exchange rates and fees. Additionally, Wallex offers an API that allows for real-time foreign exchange execution, enhancing the efficiency of international transactions. With offices in China, Indonesia, and Hong Kong, Wallex aims to facilitate easier and more effective cross-border financial activities for its clients.

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.

Mekari

Series B in 2018
Mekari is a software-as-a-service (SaaS) company based in Jakarta, Indonesia, specializing in cloud-based business automation technology. Founded in 2015, Mekari provides a suite of solutions designed for business-to-business (B2B) applications, catering to a diverse clientele that includes multinational corporations as well as micro, small, and medium enterprises (MSMEs). The company's software facilitates the digitization and automation of various operational processes, allowing businesses to manage critical areas such as human resources, finance, and taxation while ensuring compliance with relevant regulations. By streamlining administrative tasks, Mekari enables organizations to concentrate on more strategic initiatives, enhancing overall operational efficiency.

Sprout Solutions

Seed Round in 2018
Sprout Solutions is a provider of payroll and HR software tailored for emerging markets, with a strong foothold in the Philippines and expanding operations in Singapore and Indonesia. The company's platform automates administrative tasks related to HR and payroll, offering a comprehensive online payroll service and a secure cloud-based human resource information system. By replacing traditional methods such as spreadsheets and printed forms with biometrics and single-click processing, Sprout enhances efficiency in timekeeping and attendance. Additionally, its unified system consolidates recruitment operations, enabling businesses to streamline their HR functions and address challenges in payroll and human resource management.

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.

Kaodim Group

Series A in 2015
The Kaodim Group is a leading services marketplace in Southeast Asia, with operations in Malaysia, Singapore, the Philippines, and Indonesia. Headquartered in Malaysia, Kaodim connects local communities with verified service professionals for various everyday tasks, including cleaning, plumbing, and photography. The platform offers users free access to trusted service providers, allowing them to receive customized quotations and view personalized profiles along with user reviews. This innovative approach transforms local businesses through user-friendly mobile and web applications available on major platforms.

HappyFresh

Series A in 2015
HappyFresh is a leading online grocery company based in Jakarta, Indonesia, with operations extending to Malaysia and Thailand since its founding in 2015. The company aims to simplify the grocery shopping experience by offering a convenient platform where customers can order fresh products from local grocery stores and have them delivered directly to their homes. HappyFresh employs trained personal shoppers to ensure the quality and freshness of the groceries, alleviating common challenges associated with traditional shopping, such as parking, navigating store aisles, and carrying heavy bags. By focusing on customer convenience and high-quality service, HappyFresh has established itself as a prominent player in the Southeast Asian online grocery market.
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