Ideosource VC

Ideosource is a venture capital firm dedicated on making investment in early-stage to later-stage. From the infancy of Indonesia’s internet economy in 2011, Ideosource has ignited the local Internet ecosystem. Our approach combines a bottom-up investment selection process with a top-down view of the economy. Our team finds 3 key Investment Themes that will drive Ideosource investment strategies. For early stage companies, we are looking an innovative, unique and new solutions to local problems and has potential for application in other regions with strong and insightful founders. We are also looking companies that disrupt the offline market to become online. For a late stage investment, we are looking to the Number 1 in category, unbeatable traction and ability to attract follow on investments. With the Ideosource current’s portfolio and networks, Ideosource has proven to be valuable for the entrepreneurs when it comes to business development, marketing and brand building, access to talents, fundraising network and financial/accounting support. Our passion is working alongside entrepreneurs to give birth to new technologies and insights to become industry-leading companies. We invest in companies across Asia-Pacific especially Indonesia. Our startup founders are idealistic yet grounded, visionary yet execution oriented, charted into new technology yet insightful to the customers and consumers they served.

Chamdani, Edward Ismawan

Managing Partner

22 past transactions

Bibit.id

Venture Round in 2022
Bibit.id is a Robo-investing app developed to provide assistance on smart mutual fund investments. Bibit.id puts user's money into a diversified mutual fund portfolio intelligently and without hassle, while considering the factors such as age, income, and overall risk profile, enabling investors to get a tool that provides professional financial planning service. Bibit.id works and monitors portfolios automatically to maintain optimal allocation.

GoCement

Seed Round in 2021
The GoCement app is the first of its kind, bringing on-demand, direct-to-site, pre-mixed cement along with mixing equipment. Giving convenience, cost savings, consistent quality, and lower wastage to our customers. The GoCement Founding team Djonny and Asanga spent many years gaining a deep understanding of cement distribution and how cement is used in construction sites. Current industry handicaps include too many intermediaries, lack of quality (in mixed sands and stones), cumbersome bulk logistics, manual transaction flow, wastage, and inconsistent mixing practices. GoCement solves these pain-point, by completely re-designing the supply chain to enable Lowest Cost to Site (LC2S), and providing ready-to-use pre-mixed products.

Cinepoint

Funding Round in 2020
Cinepoint is a rating and box office app for local and international movies.

GoPlay

Series A in 2020
GoPlay provides Indonesian consumers access to local movies and shows, with genres ranging from soaps to horror.

Stockbit

Series B in 2020
Stockbit is an investment community based in Indonesia that facilitates the sharing of stock-related ideas, news, and financial information in real-time. The platform allows users to create profiles, follow specific stocks, and engage with preferred investors to exchange valuable insights. By focusing on the Indonesian market, Stockbit offers tools for monitoring stock price trends and provides comprehensive financial data, enabling individuals and investors to discuss, analyze, and make informed investment decisions. This community-driven approach fosters collaboration among users, enhancing their investment strategies and knowledge.

Stockbit

Series A in 2019
Stockbit is an investment community based in Indonesia that facilitates the sharing of stock-related ideas, news, and financial information in real-time. The platform allows users to create profiles, follow specific stocks, and engage with preferred investors to exchange valuable insights. By focusing on the Indonesian market, Stockbit offers tools for monitoring stock price trends and provides comprehensive financial data, enabling individuals and investors to discuss, analyze, and make informed investment decisions. This community-driven approach fosters collaboration among users, enhancing their investment strategies and knowledge.

TuringSense

Seed Round in 2017
TuringSense, Inc. specializes in wearable sports technology, focusing on enhancing athletic training through its innovative product, PIVOT. This device utilizes a multi-sensor, full-body motion-capture system that operates without cameras, allowing tennis players to receive immediate biomechanical feedback to refine their techniques and reduce the risk of injury. TuringSense's technology is highly versatile, with applications extending beyond sports to include physical therapy, rehabilitation, posture correction, and virtual reality. The system enables users to store and share training data in real-time with coaches, trainers, and even friends and family through social media. Founded in 2014 and based in Campbell, California, TuringSense aims to expand its offerings to encompass additional sports such as golf and swimming in the future.

Immobi Solusi Prima

Venture Round in 2017
PT Immobi Solusi Prima is a Jakarta-based company that specializes in telecommunications network planning, optimization, and consulting services. By leveraging its expertise in information technology and telecommunications, the company assists clients in enhancing their network performance and efficiency. Immobi Solusi Prima aims to provide tailored solutions that meet the specific needs of its clients, contributing to improved communication capabilities within the telecommunications sector.

IDEOWORKS

Venture Round in 2017
IDEOWORKS is a software company based in Jakarta that operates as a digital marketing agency. The company focuses on enhancing client engagement by optimizing social media campaigns. By integrating data, creativity, and analytical thinking, IDEOWORKS develops innovative ideas and strategies aimed at providing actionable insights. This approach empowers enterprises across various sectors to adopt data-driven strategies and foster a creative mindset, enabling them to compete effectively in a challenging marketplace.

JAS Kapital

Venture Round in 2016
JAS Kapital is a business designer and strategist that operates within the financial technology sector. The company specializes in providing retail transaction systems tailored for businesses, focusing on various payment solutions, including credit card processing, e-wallets, and mobile technology platforms. Additionally, JAS Kapital integrates carrier billing and promotes omnichannel convergence between digital goods and retail outlets. Through its innovative financial services, the company aims to help organizations achieve improved operational effectiveness and enhanced results in their transactions.

TuringSense

Seed Round in 2015
TuringSense, Inc. specializes in wearable sports technology, focusing on enhancing athletic training through its innovative product, PIVOT. This device utilizes a multi-sensor, full-body motion-capture system that operates without cameras, allowing tennis players to receive immediate biomechanical feedback to refine their techniques and reduce the risk of injury. TuringSense's technology is highly versatile, with applications extending beyond sports to include physical therapy, rehabilitation, posture correction, and virtual reality. The system enables users to store and share training data in real-time with coaches, trainers, and even friends and family through social media. Founded in 2014 and based in Campbell, California, TuringSense aims to expand its offerings to encompass additional sports such as golf and swimming in the future.

Bhinneka.Com

Venture Round in 2015
Bhinneka.Com operates as an online e-commerce platform specializing in consumer electronics. The company offers a broad selection of products, including computers, IT equipment, and communication devices, catering to diverse customer needs. Bhinneka.Com emphasizes service quality and customer satisfaction, aiming to create a positive shopping experience through various payment methods such as cash on delivery, credit and debit cards, and net banking. The company's commitment to service is encapsulated in its motto, "Care From the Heart," which reflects its focus on building lasting relationships with customers. This approach has fostered loyalty, encouraging repeat business and a strong brand image over time.

Stockbit

Seed Round in 2015
Stockbit is an investment community based in Indonesia that facilitates the sharing of stock-related ideas, news, and financial information in real-time. The platform allows users to create profiles, follow specific stocks, and engage with preferred investors to exchange valuable insights. By focusing on the Indonesian market, Stockbit offers tools for monitoring stock price trends and provides comprehensive financial data, enabling individuals and investors to discuss, analyze, and make informed investment decisions. This community-driven approach fosters collaboration among users, enhancing their investment strategies and knowledge.

eFishery

Seed Round in 2015
eFishery is an aquaculture technology startup that focuses on providing innovative solutions for fish and shrimp farmers. The company develops smart feeding systems equipped with motion sensors to assess fish appetite and optimize feed amounts, thereby enhancing productivity and sustainability in aquaculture. Additionally, eFishery offers a cloud-based dashboard and data platform that supports farmers in managing their operations effectively. By integrating services such as farming operations, financing, and distribution, eFishery addresses key challenges in the aquaculture industry, aiming to reduce social and economic inequalities while promoting a more sustainable and equitable environment for fish and shrimp farming.

8WOOD

Seed Round in 2015
8WOOD is a fashion online shop that focuses on fulfilling fashion and beauty needs for young spirited women that wants to have that cool celebrity look with affordable prices. Founded by spouses Alvin Yodha and Alice Norin at the beginning of 2013 and was inspired by their love for fashion and lifestyle. Our vision is to deliver our products to the closets of every women aged 20-35 in Indonesia & South East Asia. Our mission is to care, help and provide the best for our customers and grow fast to prioritise the personal touch with friendly and super fast shipping.

Orori

Seed Round in 2014
PT. Orori Indonesia operates a jewelry e-commerce platform that specializes in gold, diamonds, and various other types of jewelry. Founded in 2004 and based in Jakarta Pusat, the company also provides an option for customers to invest in gold bars. Orori distinguishes itself by offering detailed product information on its website, ensuring that customers receive accurate representations of the jewelry they are interested in. The platform facilitates a hassle-free shopping experience, allowing users to browse and purchase high-quality jewelry with ease. Additionally, Orori enables customers to trade in second-hand jewelry and scrap gold for refinement, further expanding their range of services.

eFishery

Seed Round in 2014
eFishery is an aquaculture technology startup that focuses on providing innovative solutions for fish and shrimp farmers. The company develops smart feeding systems equipped with motion sensors to assess fish appetite and optimize feed amounts, thereby enhancing productivity and sustainability in aquaculture. Additionally, eFishery offers a cloud-based dashboard and data platform that supports farmers in managing their operations effectively. By integrating services such as farming operations, financing, and distribution, eFishery addresses key challenges in the aquaculture industry, aiming to reduce social and economic inequalities while promoting a more sustainable and equitable environment for fish and shrimp farming.

FemaleDaily Network

Series A in 2014
Female Daily is Indonesia's largest beauty destination on a mission to revolutionise the way Indonesian women discover, share and buy beauty products, services & cosmetics. It's home to the largest female online community and beauty enthusiast where content, community meets commerce. Share and discover most comprehensive beauty products, reviews, trends, and original editorial content.

aCommerce

Series A in 2014
aCommerce is an e-commerce enabler based in Bangkok, Thailand, founded in 2013. The company specializes in providing comprehensive e-commerce solutions tailored for brands, manufacturers, retailers, and startups across Southeast Asia. Its offerings include performance marketing, channel management, web store design and operations, order fulfillment, warehousing, delivery, and content production. aCommerce aims to assist clients in developing their online retail strategies and optimizing their business processes through a suite of services that encompasses online brand management and last-mile delivery. By delivering these customized solutions, aCommerce helps clients successfully navigate the complexities of the e-commerce landscape and enhance their online presence.

Saqina

Series A in 2014
Saqina is an online retailer based in South Jakarta, Indonesia, specializing in clothing for Muslim women. The company provides a diverse collection of apparel that caters to various occasions, including casual outings, semi-formal events, and formal gatherings. Saqina focuses on offering fashionable yet affordable options, understanding the evolving dynamics of modern Muslim women who seek both style and practicality. Their platform aims to enhance women's lives by providing easy and enjoyable shopping experiences, along with dedicated customer service to help customers find clothing that suits their individual tastes and needs. Through its offerings, Saqina addresses the demand for smart casual wear that allows women to express their confidence and participate actively in everyday life.

Kark Mobile Education

Seed Round in 2012
Kark Mobile Education is a Singapore-based company founded in 2012 that focuses on creating a mobile application designed for children's education. The company develops an innovative platform that connects physical objects to digital applications, allowing for interactive storytelling and educational objectives. This platform features educational games that encourage children to engage actively with the content, enabling them to explore, combine, drag, and scale various elements within a single application. Additionally, Kark Mobile Education offers incentives such as bonus points for new users, facilitating a dynamic learning experience that combines both digital and physical engagement for children and their parents.
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