Indonesia's startup ecosystem has experienced remarkable growth in recent years, fueled by the increasing presence of venture capital (VC) firms that support early-stage and growth-stage companies. These VC firms have played a crucial role in driving innovation and economic development across various sectors, from fintech to consumer goods. The rise of Indonesia's digital economy has attracted both local and international investors, creating a thriving environment for startups. In this article, we spotlight the most active venture capital firms based in Indonesia, their leadership, investment strategies, and notable portfolio companies that are shaping the future of the region.

AC Ventures

• 🏦 HQ: Kebayoran Baru, Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Pandu Sjahrir, Michael Soerijadji, Adrian Li, Helen Wong

• 🔢 Number of Investments: 100-150

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: 707, Gmeelan, Accacia

Alpha JWC Ventures

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Chandra Tjan, Jefrey Joe, Will Ongkowidjaja

• 🔢 Number of Investments: 50-100

• 💸 AUM: $650 Million

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Lemonilo, Carro, Ajaib

Arise

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Aldi Adrian Hartanto

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: DELOS, Runchise, Slice Group

Ascent Group

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Aldi Adrian Hartanto, Hans de Back, Kenneth Li,

  Eric (Jung Ho) Yoo

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Luwjistik, AgriAku, Pitik

Convergence Ventures

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Adrian Li

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: 17Media, Moka, Kata.AI, Julo

Ideosource VC

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Andi S. Boediman

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Stockbit, TouchTen, Bibit

Init 6

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Achmad Zaky, Arif Medianto, Nugroho Herucahyono

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Torch, Monit, Imajin

Intudo Ventures

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Eddy Chan, Patrick Yip

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Kargo, Wahyoo, Xendit

Kejora Capital

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Andy Zain

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Sicepat Express, Investree, Olsera

Kinesys Group

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Yansen Kamto, Steven Vanada

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Dailybox, Noice, Maka Motors

MDI Ventures

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Donald Wihardja

• 🔢 Number of Investments: 50-100

• 💸 AUM: $830 Million

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: Kredivo, Qoala, MPL

OCBC Ventura

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Darryl Ratulangi

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: 99 Group, Ateria, Flying Cape

Skystar Capital

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Abraham Hidayat, Edward Gunawan

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Bythen, Base, Carro, Julo

SMDV

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Lily Surya

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Otten, Waresix, Opn

Teja Ventures

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: Virginia Tan, Mei Tong

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Green Rebel, Float Foods, Mad.

Venturra

• 🏦 HQ: Jakarta, Indonesia

• 👨‍💻👩‍💻 Leadership: John Riady, Raditya Pramana

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Carro, Antler, 99.co

As Indonesia continues to emerge as a hotspot for technological innovation and entrepreneurial growth, the role of venture capital firms becomes even more critical in sustaining this momentum. From backing promising startups to fostering a culture of innovation, these firms are integral to the nation's growing startup ecosystem. With strategic investments in companies across diverse sectors, the VCs highlighted in this article are not only contributing to the success of individual businesses but also to the broader development of Indonesia’s economy. As the ecosystem evolves, these firms will likely remain key players in shaping the future of the country’s business landscape.