Susquehanna Growth Equity

Susquehanna Growth Equity is a private equity and venture capital firm established in 2006 and based in Bala Cynwyd, Pennsylvania, with an additional office in Ra'anana, Israel. The firm concentrates on growth and expansion stage investments, primarily in software and tech-enabled businesses across North America, Israel, and Western Europe. Its investment focus includes sectors such as enterprise software, financial technology, supply chain logistics, healthcare technology, security infrastructure, human resources technology, and lending technology. Susquehanna Growth Equity typically invests between $5 million and over $100 million in companies generating similar revenue, without setting an EBITDA minimum, and engages in both minority and majority equity deals. Backed by the founders of the Susquehanna International Group, the firm benefits from a unique capital base that allows for flexible investment strategies aimed at maximizing growth over time.

Michael Amrine

Investor

David Badler

Private Equity, Head of Portfolio Value Creation

Eric Bai

Technology Investor

Kelli Crudo

Investment Professional

Josh Elser

Partner

Gabriel Even-Chen

Investor

Scott Feldman

Managing Director & Investor

Aaron Flack

Investor

Jack Friel

Investor

Amir Goldman

Founder & Investor

Dennis Kim

Investor

Jonathan Klahr

Managing Director & Investor

Nicholas A. Lopardo

CEO

Sam Major

Investor

Shalin Mehta

Investor

Joseph Mihm

Investor

David Prilutsky

Investor

Aneesha Raghunathan

Investor & Board Member

Henry Reece

Head of ETF Sales Trading

Dylan Spain

Investor

Osnat Velingard

Investor

Ben Weinberg

Managing Director & Investor

Benjamin Weinberg

MD

Michael Weinstein

VP of Business Development

Noa Wolfson

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.

Paxel.co

Series B in 2022
Paxel.co, officially known as PT Paxel Teknologi Unggul, is a logistics and delivery service provider based in Jakarta, Indonesia, established in 2017. The company operates a logistics application that facilitates same-day delivery services throughout the country. In addition to urban shipment and packaging services, Paxel offers a mobile payment solution called Paxel credit, enhancing transaction convenience for users. The company also provides Paxel Lockers, which serve as secure storage facilities for package retrieval. Through its innovative approach, Paxel aims to improve the delivery experience by ensuring access and transparency across its service network.

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.

Paxel.co

Venture Round in 2021
Paxel.co, officially known as PT Paxel Teknologi Unggul, is a logistics and delivery service provider based in Jakarta, Indonesia, established in 2017. The company operates a logistics application that facilitates same-day delivery services throughout the country. In addition to urban shipment and packaging services, Paxel offers a mobile payment solution called Paxel credit, enhancing transaction convenience for users. The company also provides Paxel Lockers, which serve as secure storage facilities for package retrieval. Through its innovative approach, Paxel aims to improve the delivery experience by ensuring access and transparency across its service network.

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
PT Haruka Edukasi Utama or HarukaEdu is a company that provides a turn-key solution to enable universities to offer quality online education with minimum investments and risk. Our vision is to provide a brighter future for Indonesians through affordable, quality online degrees and education

Paxel.co

Series A in 2019
Paxel.co, officially known as PT Paxel Teknologi Unggul, is a logistics and delivery service provider based in Jakarta, Indonesia, established in 2017. The company operates a logistics application that facilitates same-day delivery services throughout the country. In addition to urban shipment and packaging services, Paxel offers a mobile payment solution called Paxel credit, enhancing transaction convenience for users. The company also provides Paxel Lockers, which serve as secure storage facilities for package retrieval. Through its innovative approach, Paxel aims to improve the delivery experience by ensuring access and transparency across its service network.

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 website that enables users to find and reserve restaurant in Singapore, Hong Kong, Shanghai, Beijing, Bangkok, Phuket, Jakarta, and Bali through the company’s www.chope.co, mobile apps, and plug-ins. The company offers two solutions for restaurants: a sophisticated table management system that integrates customer relationship management functions and a lighter browser-based platform. Both provides restaurants real time control over their online availability. In addition to online reservations, www.chope.co also provides diners with in-house editorials, a summary of press coverage, menus, pricing, and operational information for the listed restaurants. It also serves as an additional marketing channel for client restaurants via an active social media team and targeted offline marketing initiatives. Chope was launched by Arrif Ziaudeen and Clowie Tan in June 2011 and is based in Singapore.

Jualo

Series A in 2016
Jualo is a full stack hybrid e-classifieds marketplace with a core focus on trading second hand goods within a short (geographical) distance (geo-search functionality). The business is specifically tailored towards serving the Indonesian consumer in the best way possible, while tackling the country’s main industry issues in the process. Users have the option to buy, trade and/or bid for goods and Jualo facilitates each aspect of the buying process.