Patamar Capital

Patamar Capital is a venture capital firm founded in 2011 and headquartered in San Francisco, specializing in early to growth-stage investments in South and Southeast Asia. With over a decade of experience, the firm focuses on the “mass market,” targeting low and middle-income populations. Its current fund, Patamar Fund II, aims to invest in 20-25 early-stage and growth-stage companies across key sectors such as financial services, niche eCommerce, and technology-enabled businesses in health care, education, and agriculture. The firm’s Asia-based investment team, which operates full-time in six countries, leverages local expertise and networks to identify and enhance investment opportunities. A significant portion of the investment capital comes from local investors, including prominent families in Indonesia, Sri Lanka, and the Philippines. This strategic approach enables Patamar Capital to effectively invest in, operate, expand, and exit from its portfolio companies within the region.

Lee FitzGerald

Co-Founder and Managing Partner

Dondi Hananto

Partner

Beaudean Seil

Co-Founder and Partner

Nathan Sivagananathan

Partner

Shuyin Tang

Partner

Geoff “Chester” Woolley

Managing Director, Partner and Chief Executive Officer

Past deals in Indonesia

SwipeRx

Series B in 2023
mClinica develops mobile platforms that strengthen the pharmaceutical supply chain, generate data, improve patient adherence to medication, and build the capacity of the pharmacy workforce. Since 2017, mClinica has connected 150,000 pharmacy professionals and 40,000 pharmacies through a single digital channel. Their users reach approximately 150 million patients each month. mClinica currently operates across Indonesia, Philippines, Vietnam, Cambodia, Thailand, Malaysia, and Singapore with capacity for expansion. Their team is composed of over 120 team members including experts in public health, data science, and pharmacy. mClinica is supported by impact investors like the Global Innovation Fund (backed by USAID, UKAID, DFAT, Swedish Government, and the Omidyar Network) and Patamar Capital (formerly Unitus Impact) as well as other investors from the US, Europe, and Asia. mClinica implements projects both digitally and on the ground to connect the world’s pharmacies and transform global health. mClinica follows a social enterprise business model in which they seek double-bottom line returns – maximizing both financial returns and social impact. mClinica’s rapid growth and success is increasingly recognized. mClinica was the recipient of the Data Driven Apps Award of the World Government Summit in 2019, USAID-FHI360 Data for Resilience Award, Pierre Fabre Foundation Prize for eHealth Innovation, and Hack Osaka. The company has consistently been recognized as one of the most innovative startups in healthcare in Asia Pacific.

Mapan

Series A in 2022
Mapan is providing network of thousands of lower income communities with better access to valuable products.

Ayopop

Series B in 2021
PT. Ayopop Teknologi Indonesia, founded in 2016 and headquartered in Jakarta, Indonesia, specializes in developing billing network software aimed at facilitating seamless payment solutions. The company offers a range of tools including Biller Open API for recurring customer payments, Transaction API for bill payments and digital goods, and Biller Reminder System to enhance bill payment experiences. Additionally, Ayopop provides AutoRecon for transaction matching across systems, Ayoconnect Insights for data analytics, and Smart Payments for improved transaction efficiency. Its services cater to various sectors including utilities, financial institutions, telecommunications, online services, housing, education, and content publishing, thereby supporting a wide ecosystem of bill providers and consumers in their payment processes.

Big Tree Farms

Venture Round in 2019
Big Tree Farms, Inc. is a producer and distributor of various tropical food products, including coconut sugar, raw cacao, and alternative sweeteners. The company collaborates with over 13,000 small farmers, fostering transparent and equitable supply relationships. Its product offerings extend to organic seasoning sauces, marinades, and cold-processed nutrition made from whole plants. Big Tree Farms operates in the United States, Bali, and Indonesia, distributing its products through both retail and online channels. Founded in 2000 and based in Hinesburg, Vermont, the company focuses on sustainable practices, harvesting flower nectar from thriving food forests while prioritizing soil health and tree conservation.

Topica Edtech Group

Series D in 2018
Topica Edtech Group (Vietnamese: “Tổ hợp Công nghệ Giáo dục Topica”) is a multinational educational technology company. It provides online education solutions including Bachelor's Degree programs (Topica Uni), English speech tutoring courses (Topica Native) and technology platform for massive online open courses in a variety of fields (Edumall). Topica Edtech Group headquartered in Hanoi, Vietnam and has expanded into the Philippines, Singapore, Thailand, Indonesia and the United States.

ErudiFi

Seed Round in 2018
ErudiFi is a mission-driven technology company focused on making education affordable in Southeast Asia. Operating as Danacita in Indonesia and Bukas in the Philippines, ErudiFi has helped secure funding for thousands of students through tech-enabled partnerships with leading universities and vocational schools. By improving access to education, we believe we can drive generational transformation and build a better tomorrow.

Sayurbox

Seed Round in 2018
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.

SwipeRx

Series A in 2017
mClinica develops mobile platforms that strengthen the pharmaceutical supply chain, generate data, improve patient adherence to medication, and build the capacity of the pharmacy workforce. Since 2017, mClinica has connected 150,000 pharmacy professionals and 40,000 pharmacies through a single digital channel. Their users reach approximately 150 million patients each month. mClinica currently operates across Indonesia, Philippines, Vietnam, Cambodia, Thailand, Malaysia, and Singapore with capacity for expansion. Their team is composed of over 120 team members including experts in public health, data science, and pharmacy. mClinica is supported by impact investors like the Global Innovation Fund (backed by USAID, UKAID, DFAT, Swedish Government, and the Omidyar Network) and Patamar Capital (formerly Unitus Impact) as well as other investors from the US, Europe, and Asia. mClinica implements projects both digitally and on the ground to connect the world’s pharmacies and transform global health. mClinica follows a social enterprise business model in which they seek double-bottom line returns – maximizing both financial returns and social impact. mClinica’s rapid growth and success is increasingly recognized. mClinica was the recipient of the Data Driven Apps Award of the World Government Summit in 2019, USAID-FHI360 Data for Resilience Award, Pierre Fabre Foundation Prize for eHealth Innovation, and Hack Osaka. The company has consistently been recognized as one of the most innovative startups in healthcare in Asia Pacific.

Big Tree Farms

Series C in 2017
Big Tree Farms, Inc. is a producer and distributor of various tropical food products, including coconut sugar, raw cacao, and alternative sweeteners. The company collaborates with over 13,000 small farmers, fostering transparent and equitable supply relationships. Its product offerings extend to organic seasoning sauces, marinades, and cold-processed nutrition made from whole plants. Big Tree Farms operates in the United States, Bali, and Indonesia, distributing its products through both retail and online channels. Founded in 2000 and based in Hinesburg, Vermont, the company focuses on sustainable practices, harvesting flower nectar from thriving food forests while prioritizing soil health and tree conservation.

Big Tree Farms

Series C in 2015
Big Tree Farms, Inc. is a producer and distributor of various tropical food products, including coconut sugar, raw cacao, and alternative sweeteners. The company collaborates with over 13,000 small farmers, fostering transparent and equitable supply relationships. Its product offerings extend to organic seasoning sauces, marinades, and cold-processed nutrition made from whole plants. Big Tree Farms operates in the United States, Bali, and Indonesia, distributing its products through both retail and online channels. Founded in 2000 and based in Hinesburg, Vermont, the company focuses on sustainable practices, harvesting flower nectar from thriving food forests while prioritizing soil health and tree conservation.