GGV Capital IX

GGV Capital IX is a venture capital fund managed by GGV Capital, a global firm founded in 2000 that focuses on investing in local founders across various sectors. The firm specializes in seed-to-growth stage investments, targeting industries such as Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud, and Frontier Tech. GGV Capital manages a total of $6.2 billion across 13 funds and has a diversified portfolio that includes notable companies like Airbnb, Alibaba, and Peloton. With offices in key locations such as Beijing, San Francisco, and Shanghai, GGV Capital aims to provide expansion capital ranging from $5 to $25 million for initial investments in both the United States and China. The firm's approach is to support innovative entrepreneurs and emerging technologies that can shape the future of their respective industries.

Jixun Foo

Global Managing Partner

Jenny Lee

Managing Partner

Haojun Li

Partner

Joshua Wu

Partner

Eric Xu

Managing Partner

Past deals in Indonesia

Labster

Series C in 2022
Labster ApS designs and develops interactive advanced lab simulations based on mathematical algorithms that support open-ended investigations for colleges, universities, and higher education. The company develops an interactive platform, where students engage with life science, biology, and biotechnology experiments. The product has been designed with 3D animations and includes educational science background information. The virtual lab simulations enables the students to work with virtual and realistic lab experiments. Labster ApS was founded in 2012 and is based in Copenhagen, Denmark with additional locations in Boston, Massachusetts; Zurich, Switzerland; and Sanur, Bali.

Fuse

Series B in 2021
Fuse, the latest insurance app that will allow you to do all insurance activities. One application on your mobile and enjoy a variety of interesting facilities, such as register as a partner, compare policies, and choose the best policy to protect the future of you and your family. Fast, easy, safe, get paperless smart insurance innovation.

Quincus

Series B in 2021
Quincus is a logistics management platform that focuses on optimizing supply chain operations through technology and data analytics. Established in 2014, the company provides a solution that automates manual tasks, enhances operational efficiency, and offers real-time visibility across the supply chain ecosystem. Its platform features an open API and a vehicle management dashboard, allowing companies to digitalize paper-based processes and significantly reduce time spent on routine activities like data entry. Quincus serves a diverse clientele, including well-known brands across various regions such as Singapore, Thailand, Malaysia, Indonesia, China, and the UAE, positioning itself as a trusted partner for businesses seeking to adapt swiftly to market changes.

PrivyID

Series B in 2021
PrivyID is a universal identity enabler and digital signature provider headquartered in Jakarta, Indonesia. Since we were first established in 2016, our services have been trusted by over 205 companies and 4.5 million of individual users across Indonesia. PrivyID has the vision to be the global leader in electronic identification and authorization. Enabling humans, organizations, and machines to communicate seamlessly while safeguarding authenticity, confidentiality, integrity, access control, and non-repudiation.

Quincus

Series B in 2021
Quincus is a logistics management platform that focuses on optimizing supply chain operations through technology and data analytics. Established in 2014, the company provides a solution that automates manual tasks, enhances operational efficiency, and offers real-time visibility across the supply chain ecosystem. Its platform features an open API and a vehicle management dashboard, allowing companies to digitalize paper-based processes and significantly reduce time spent on routine activities like data entry. Quincus serves a diverse clientele, including well-known brands across various regions such as Singapore, Thailand, Malaysia, Indonesia, China, and the UAE, positioning itself as a trusted partner for businesses seeking to adapt swiftly to market changes.

Fuse

Series B in 2021
Fuse, the latest insurance app that will allow you to do all insurance activities. One application on your mobile and enjoy a variety of interesting facilities, such as register as a partner, compare policies, and choose the best policy to protect the future of you and your family. Fast, easy, safe, get paperless smart insurance innovation.

Ruangguru

Venture Round in 2021
Ruangguru is the largest technology company in Indonesia focused on education-based services, serving over 6 million users and employing more than 150,000 teachers across 100 subject areas. Founded in 2014 by Belva Devara and Iman Usman, Ruangguru aims to enhance the quality of education in collaboration with local governments, having partnered with 32 out of 34 provincial governments and over 326 municipalities and districts in the country. The platform offers a range of services, including subscription learning videos, a private tutoring marketplace, on-demand tutoring, and online exam tryouts. It also provides an online marketplace that connects students with private tutors, covering various subjects and skills, from standardized test preparation to music and computer courses. Through its Learning Management System, Ruangguru facilitates easy access to educational materials, enabling students to track their progress and prepare effectively for exams.

Labster

Series C in 2021
Labster ApS designs and develops interactive advanced lab simulations based on mathematical algorithms that support open-ended investigations for colleges, universities, and higher education. The company develops an interactive platform, where students engage with life science, biology, and biotechnology experiments. The product has been designed with 3D animations and includes educational science background information. The virtual lab simulations enables the students to work with virtual and realistic lab experiments. Labster ApS was founded in 2012 and is based in Copenhagen, Denmark with additional locations in Boston, Massachusetts; Zurich, Switzerland; and Sanur, Bali.

Grab

Series A in 2021
Grab Holdings Inc., based in Singapore, is a prominent mobile technology platform operating in Southeast Asia. Founded in 2012, the company offers a wide range of services, including ride-sharing through GrabTaxi and GrabCar, and food and grocery delivery. Grab also provides financial services, such as payments, consumer loans, and insurance, catering to both merchants and consumers. Its platform connects drivers and customers, generating revenue primarily through commissions from ride-sharing and food delivery services. Grab operates in eight countries, including Singapore, Indonesia, and Malaysia, where it holds a significant market share. The company has expanded its offerings to include various options for transportation and delivery, as well as a mobile wallet for seamless transactions. Grab continues to face competition from other regional players, such as Foodpanda and Gojek.

Labster

Venture Round in 2020
Labster ApS designs and develops interactive advanced lab simulations based on mathematical algorithms that support open-ended investigations for colleges, universities, and higher education. The company develops an interactive platform, where students engage with life science, biology, and biotechnology experiments. The product has been designed with 3D animations and includes educational science background information. The virtual lab simulations enables the students to work with virtual and realistic lab experiments. Labster ApS was founded in 2012 and is based in Copenhagen, Denmark with additional locations in Boston, Massachusetts; Zurich, Switzerland; and Sanur, Bali.

Quincus

Series A in 2020
Quincus is a logistics management platform that focuses on optimizing supply chain operations through technology and data analytics. Established in 2014, the company provides a solution that automates manual tasks, enhances operational efficiency, and offers real-time visibility across the supply chain ecosystem. Its platform features an open API and a vehicle management dashboard, allowing companies to digitalize paper-based processes and significantly reduce time spent on routine activities like data entry. Quincus serves a diverse clientele, including well-known brands across various regions such as Singapore, Thailand, Malaysia, Indonesia, China, and the UAE, positioning itself as a trusted partner for businesses seeking to adapt swiftly to market changes.

Ruangguru

Series C in 2019
Ruangguru is the largest technology company in Indonesia focused on education-based services, serving over 6 million users and employing more than 150,000 teachers across 100 subject areas. Founded in 2014 by Belva Devara and Iman Usman, Ruangguru aims to enhance the quality of education in collaboration with local governments, having partnered with 32 out of 34 provincial governments and over 326 municipalities and districts in the country. The platform offers a range of services, including subscription learning videos, a private tutoring marketplace, on-demand tutoring, and online exam tryouts. It also provides an online marketplace that connects students with private tutors, covering various subjects and skills, from standardized test preparation to music and computer courses. Through its Learning Management System, Ruangguru facilitates easy access to educational materials, enabling students to track their progress and prepare effectively for exams.

Grab

Series G in 2017
Grab Holdings Inc., based in Singapore, is a prominent mobile technology platform operating in Southeast Asia. Founded in 2012, the company offers a wide range of services, including ride-sharing through GrabTaxi and GrabCar, and food and grocery delivery. Grab also provides financial services, such as payments, consumer loans, and insurance, catering to both merchants and consumers. Its platform connects drivers and customers, generating revenue primarily through commissions from ride-sharing and food delivery services. Grab operates in eight countries, including Singapore, Indonesia, and Malaysia, where it holds a significant market share. The company has expanded its offerings to include various options for transportation and delivery, as well as a mobile wallet for seamless transactions. Grab continues to face competition from other regional players, such as Foodpanda and Gojek.

ezbuy

Series A in 2014
Ezbuy is a prominent online marketplace based in Singapore, specializing in cross-border e-commerce and offering a diverse range of products, including apparel, home furnishings, electronics, beauty products, and sporting goods. Founded in 2010, it connects consumers to international brands and sellers from countries such as China, the USA, Korea, and Taiwan, as well as local sources. The platform provides customers with a convenient shopping experience through its Global Marketplace, enabling access to popular online retailers like Taobao and Amazon. Ezbuy also offers various services aimed at enhancing customer satisfaction, including a subscription service for cost-effective shipping, same-day delivery options, and partnerships with local retail shops for improved parcel collection. Catering primarily to consumers in Singapore, Malaysia, Thailand, and Indonesia, ezbuy focuses on leveraging technology to deliver fast and efficient online shopping solutions.

Grab

Series C in 2014
Grab Holdings Inc., based in Singapore, is a prominent mobile technology platform operating in Southeast Asia. Founded in 2012, the company offers a wide range of services, including ride-sharing through GrabTaxi and GrabCar, and food and grocery delivery. Grab also provides financial services, such as payments, consumer loans, and insurance, catering to both merchants and consumers. Its platform connects drivers and customers, generating revenue primarily through commissions from ride-sharing and food delivery services. Grab operates in eight countries, including Singapore, Indonesia, and Malaysia, where it holds a significant market share. The company has expanded its offerings to include various options for transportation and delivery, as well as a mobile wallet for seamless transactions. Grab continues to face competition from other regional players, such as Foodpanda and Gojek.

Grab

Series B in 2014
Grab Holdings Inc., based in Singapore, is a prominent mobile technology platform operating in Southeast Asia. Founded in 2012, the company offers a wide range of services, including ride-sharing through GrabTaxi and GrabCar, and food and grocery delivery. Grab also provides financial services, such as payments, consumer loans, and insurance, catering to both merchants and consumers. Its platform connects drivers and customers, generating revenue primarily through commissions from ride-sharing and food delivery services. Grab operates in eight countries, including Singapore, Indonesia, and Malaysia, where it holds a significant market share. The company has expanded its offerings to include various options for transportation and delivery, as well as a mobile wallet for seamless transactions. Grab continues to face competition from other regional players, such as Foodpanda and Gojek.

Spice i2i Ltd

Venture Round in 2005
Headquartered in Singapore, Si2i (formerly known as Spice i2i Limited) has transformed itself from a one-stop service provider for voice, data and communication to a global company focused on promoting a digitally connected lifestyle through its innovative mobile phones and mobile internet solutions. Given its experience of operating in fast-growing and rapidly evolving markets, the Company has implemented its 'i2i' strategy that focuses on 'Innovation to Infinity' to bring groundbreaking new mobile products and services to emerging markets across the Asian region. Over the course of the year, the Company has made significant progress towards the achievement of its 'i2i' strategy by expanding its footprint through brand acquisitions of 'Nexian' in Indonesia, 'WellcoM' in Thailand and the Greater Mekong Sub-region, 'Spice Malaysia' in Malaysia and the creation of 'S' brand in Singapore. The strengthened market presence together with its ingrained technological expertise has created a solid platform to ride the growing band of mobile users in the region. Moving forward, Si2i is confident of meeting the evolving needs of its consumers to facilitate their aspirations for a 'SWITCH' to the Mobile Internet and the ensuing digitally connected lifestyle.
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