UOB Venture

UOB Venture Management Private Limited is an investment arm of United Overseas Bank Group that specializes in growth stage investments. Founded in 1992 and headquartered in Singapore, with additional offices in Shanghai, Beijing, and Jakarta, the firm primarily focuses on sectors such as energy, consumer services, consumer goods, environmental technology, industrials, healthcare, agriculture, and technology. UOB Venture aims to support privately-held companies through direct equity investments, primarily in Southeast Asia, including ASEAN countries and China. The firm typically invests up to USD $25 million per deal, depending on the specific funding needs of the target companies. With a diverse portfolio, UOB Venture is dedicated to fostering the growth of innovative businesses in the region.

Michael Budiman

Vice President

Jing Fang

Senior Director

Lei Fu

Senior Director

Gao Jian

Associate Director

Michele Lee

Director, Investor Relations

Teck Sim Ng

Executive Director (Investment)

Kate Jain Ng

Executive Director

Pei Yeing Ong

Senior Director

Kian Wee Seah

CEO and Managing Director

Jean Thoh

Executive Director (Investment)

Jing Herng Thoh

Executive Director

Mark Yeo

Executive Director

Past deals in Indonesia

Pluang

Series C in 2022
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.

Evermos

Series B in 2021
Evermos is a social commerce startup that connects resellers-to-brands to consumers via platform to sell everyday Muslim products in Indonesia. Founded in November 2018, by utilizing the reseller program, Evermos incentivizes individuals to share the provided products on their messaging application or social media. Allowing the reseller to own a business or online store without requiring operating capital and complex e-commerce system. Evermos focuses on bringing the everyday needs for every Moslem, by providing halal products in various verticals, including fashion, food, cosmetics, home appliances, and business opportunities that comply with Sharia laws.

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.

TaniHub

Series B in 2021
TaniHub is a B2B agriculture marketplace that connects farmers with food, hotel, restaurant, and catering business people. It offers an e-commerce platform for agricultural products and empowers local farmers by providing market access and financial access. Through TaniHub, local farmers can sell their crops to individuals as well as micro, small, and medium enterprises (MSMEs) in various regions. Headquartered in Jakarta, Jakarta Raya, co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan founded it in 2015.

Amartha

Venture Round in 2021
Amartha is a financial technology company that connects micro and SME business partners with investors.

Halodoc

Series C in 2021
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, facilitating real-time online consultations. The platform also allows patients to order laboratory tests that can be conducted at home and helps them locate nearby hospitals and clinics. Additionally, HaloDoc provides access to licensed medical laboratory services and a medical delivery service known as ApotikAntar, further enhancing the convenience and accessibility of healthcare for its users.

TaniHub

Series A in 2020
TaniHub is a B2B agriculture marketplace that connects farmers with food, hotel, restaurant, and catering business people. It offers an e-commerce platform for agricultural products and empowers local farmers by providing market access and financial access. Through TaniHub, local farmers can sell their crops to individuals as well as micro, small, and medium enterprises (MSMEs) in various regions. Headquartered in Jakarta, Jakarta Raya, co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan founded it in 2015.

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.

Amartha

Series B in 2019
Amartha is a financial technology company that connects micro and SME business partners with investors.

Ruangguru

Series B 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.

Lifetrack Medical Systems

Series A in 2019
Lifetrack Medical Systems is a health-tech company that has created the LifeSys™ platform, a scalable and distributed medical imaging software aimed at enhancing access to healthcare in emerging markets. This innovative system enables large healthcare chains, public health systems, and radiology group practices to efficiently manage and distribute medical images, improving operational efficiency while minimizing costs. By addressing the specific needs of regions with limited resources, Lifetrack seeks to provide simple and intuitive solutions for the healthcare ecosystem, particularly in medical imaging. The company has established a global presence, serving customers in the United States, Philippines, Indonesia, India, Singapore, Vietnam, Thailand, the UK, and Nigeria. Lifetrack has secured multiple regulatory approvals, including US FDA 510(k), CE Mark, and ANVISA registration, and holds two patents from the United States Patent Office.

Halodoc

Series B in 2019
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, facilitating real-time online consultations. The platform also allows patients to order laboratory tests that can be conducted at home and helps them locate nearby hospitals and clinics. Additionally, HaloDoc provides access to licensed medical laboratory services and a medical delivery service known as ApotikAntar, further enhancing the convenience and accessibility of healthcare for its users.

Ruangguru

Series B in 2017
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.