Susquehanna Growth Equity

Susquehanna Growth Equity is a private equity and venture capital firm established in 2006, based in Bala Cynwyd, Pennsylvania, with an additional office in Ra'anana, Israel. The firm specializes in investing in growth and expansion stage companies, primarily focusing on technology-driven sectors such as enterprise software, financial technology, healthcare technology, and security infrastructure, among others. Susquehanna Growth Equity typically invests between $5 million and over $100 million in companies with revenues ranging from $5 million to over $100 million, without a minimum EBITDA requirement, allowing for both minority and majority investments. The firm benefits from a unique and patient capital base provided by the founders of the Susquehanna International Group, enabling it to support management teams in maximizing growth without strict time constraints. By leveraging its financial expertise, industry relationships, and commitment to strategic development, Susquehanna Growth Equity aims to foster the success of technology and software companies across North America, Israel, and Western Europe.

Vir Anand

Investor

Cole Berman

Investor

Ajay Bordoloi

Investor

Josh Elser

Partner

Celine Farhadi

Investor

Scott Feldman

Investor

Aaron Flack

Investor

Jonathan Klahr

Growth Equity Investor

Samuel Major

Vice President

Sam Major

Investor

Sreeram Panicker

Investor

Aneesha Raghunathan

Investor and Board Member

Kyle Squillario

Investor

Dmitri Vaisberg

Vice President of Portfolio Value Creation

Osnat Velingard

Investor

Ben Weinberg

Managing Director

Noa Wolfson

Growth Equity Investor

Niv Zarfati

Investor

Simona Zhu

Investor

Rachel Zoneraich

Investor

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.

Juragan Material

Seed Round in 2022
Operator of an e-commerce platform designed to eliminate inefficiencies in the construction field and to digitize the construction industry. The company's platform offers end-to-end solutions in sourcing materials along with a range of products, thorough product information on the online catalog, accurate and transparent prices, flexible payment terms, and nationwide shipping options, enabling clients to meet all their demands through an all-in-one platform.

Paxel

Series B in 2022
Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia, established in 2017. The company specializes in same-day delivery services and operates a logistics application that facilitates urban shipments and packaging solutions. Additionally, Paxel offers a mobile payment service known as Paxel credit for transactions. The company's innovative approach includes the implementation of Paxel Lockers, which serve as storage facilities for package retrieval and provide customers with convenient options for sending and receiving goods. By integrating an on-demand app with an offline locker network, Paxel aims to enhance accessibility and transparency in its delivery services across various cities in Indonesia.

Aruna

Series A in 2022
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

J&T Express

Private Equity Round in 2021
J&T Express is a freight service e-commerce company located in Jakarta.

Pluang

Series B in 2021
Pluang is a financial technology application that opens public access opportunities to financial products easily and affordably. The company offers a gold savings product that allows investments starting from 0.01 grams and provides users with real-time liquidity and peace of mind as the gold is kept in a government-backed institution through the official Indonesian commodities exchange. Founded in 2016, Pluang is headquartered in Jakarta, Indonesia.

Segari

Series A in 2021
Segari operates as an online grocery company.

Aruna

Series A in 2021
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Aruna

Series A in 2021
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Paxel

Venture Round in 2021
Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia, established in 2017. The company specializes in same-day delivery services and operates a logistics application that facilitates urban shipments and packaging solutions. Additionally, Paxel offers a mobile payment service known as Paxel credit for transactions. The company's innovative approach includes the implementation of Paxel Lockers, which serve as storage facilities for package retrieval and provide customers with convenient options for sending and receiving goods. By integrating an on-demand app with an offline locker network, Paxel aims to enhance accessibility and transparency in its delivery services across various cities in Indonesia.

Kaodim Group

Series B in 2019
Kaodim Group is a leading service marketplace in Southeast Asia, headquartered in Petaling Jaya, Malaysia. Established in 2014, the company operates platforms in Malaysia, Singapore, the Philippines, and Indonesia, connecting users with verified service professionals for a variety of tasks. The services offered include plumbing, electrical work, photography, personal training, and more, catering to needs in homes, events, health and fitness, automotive, and office settings. Through its mobile and web applications, Kaodim facilitates the hiring process by providing customized quotations, detailed service provider profiles, and user reviews, ensuring that customers can make informed decisions when selecting a service provider. By linking local communities with trustworthy professionals, Kaodim aims to enhance the overall service experience in the region.

HarukaEdu

Series C in 2019
HarukaEdu is an Indonesian company that specializes in online education, providing solutions that empower universities to offer quality online courses with minimal investment and risk. The company aims to enhance access to affordable and high-quality education for Indonesians, contributing to a brighter future for its learners. Through its services, HarukaEdu facilitates the development and delivery of online degree programs, ensuring that educational institutions can effectively engage students in a digital learning environment.

Paxel

Series A in 2019
Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia, established in 2017. The company specializes in same-day delivery services and operates a logistics application that facilitates urban shipments and packaging solutions. Additionally, Paxel offers a mobile payment service known as Paxel credit for transactions. The company's innovative approach includes the implementation of Paxel Lockers, which serve as storage facilities for package retrieval and provide customers with convenient options for sending and receiving goods. By integrating an on-demand app with an offline locker network, Paxel aims to enhance accessibility and transparency in its delivery services across various cities in Indonesia.

RedDoorz

Series B in 2019
RedDoorz is an online platform that facilitates budget accommodations across Southeast Asia, catering to both travelers and hoteliers. Founded in 2015 and headquartered in Jakarta, Indonesia, the company operates a network of branded budget hotels, providing its partners with tools for distribution, marketing, technology, customer experience, and pricing. This end-to-end platform allows guest house owners and hotel operators to enhance their visibility, reach a broader audience, and streamline their operations. RedDoorz has expanded significantly, employing over 1,000 individuals across five countries and attracting investment from notable backers. The platform focuses on two-star and three-star budget hotels, enabling travelers to discover affordable lodging options in key business and tourist destinations.

Deskera

Series A in 2018
Deskera Cloud ERP is a fully integrated Cloud ERP Suite designed to run your business on the cloud. Its solutions allow SMEs to track finances, manage customers, and hire and manage employees. Its modules include Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Manufacture Resource Planning (MRP), Project Management (PM) and Human Capital Management (HCM). The application is a complete business suite that has all the features you will ever need to run your business. Deskera was founded in 2008 and is based in San Jose, California with offices in Singapore, Malaysia, Indonesia, and India.

RedDoorz

Series A in 2018
RedDoorz is an online platform that facilitates budget accommodations across Southeast Asia, catering to both travelers and hoteliers. Founded in 2015 and headquartered in Jakarta, Indonesia, the company operates a network of branded budget hotels, providing its partners with tools for distribution, marketing, technology, customer experience, and pricing. This end-to-end platform allows guest house owners and hotel operators to enhance their visibility, reach a broader audience, and streamline their operations. RedDoorz has expanded significantly, employing over 1,000 individuals across five countries and attracting investment from notable backers. The platform focuses on two-star and three-star budget hotels, enabling travelers to discover affordable lodging options in key business and tourist destinations.

Kaodim Group

Series B in 2017
Kaodim Group is a leading service marketplace in Southeast Asia, headquartered in Petaling Jaya, Malaysia. Established in 2014, the company operates platforms in Malaysia, Singapore, the Philippines, and Indonesia, connecting users with verified service professionals for a variety of tasks. The services offered include plumbing, electrical work, photography, personal training, and more, catering to needs in homes, events, health and fitness, automotive, and office settings. Through its mobile and web applications, Kaodim facilitates the hiring process by providing customized quotations, detailed service provider profiles, and user reviews, ensuring that customers can make informed decisions when selecting a service provider. By linking local communities with trustworthy professionals, Kaodim aims to enhance the overall service experience in the region.

Chope

Series D in 2017
Chope is a restaurant reservation platform that allows users to discover and book tables at various dining establishments across Singapore, Hong Kong, Shanghai, Beijing, Bangkok, Phuket, Jakarta, and Bali. Launched in June 2011 by Arrif Ziaudeen and Clowie Tan, the platform offers a sophisticated table management system for restaurants, which includes customer relationship management features, as well as a user-friendly browser-based interface. This enables restaurants to manage their online availability in real time. In addition to facilitating reservations, Chope provides diners with detailed information about listed restaurants, including editorials, press coverage, menus, and pricing. The platform also acts as a marketing tool for restaurants through an active social media presence and targeted offline initiatives.

Jualo

Series A in 2016
PT Jualo operates an online platform that serves as an e-classifieds marketplace for second-hand goods in Indonesia. Founded in 2013 and headquartered in Jakarta, the platform connects both private and professional sellers with buyers of a variety of products, including vehicles, real estate, fashion, and electronics. Jualo emphasizes local transactions through its geo-search functionality, allowing users to buy, trade, or bid on items within a short geographical range. The platform also promotes user engagement by enabling bargaining and negotiation, as well as offering advertisement facilities. As of August 2019, Jualo is a subsidiary of Trusty Cars Pte Ltd and aims to address key industry challenges in the Indonesian marketplace.
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