Indonesia's startup scene is full of energy, and a strong community of venture capital firms is helping to fund its growth. For founders, finding the right partner to pitch can be a game-changer.
Some firms are especially active, with players like MDI Ventures and Alpha JWC Ventures each backing well over 100 companies. MDI Ventures has also seen more than a dozen exits, showing a clear path to success for the startups they support.
Below is our list of the best 15 VC firms in Indonesia.
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Buy It For $97 $297 →Alpha JWC Ventures backs Indonesian startups from the earliest stages through to later rounds, concentrating on the FinTech and consumer tech spaces. Their disciplined, hands-on approach helps guide portfolio companies like Agriaku and Pitik from their initial stages toward significant growth.
| Headquarters | Jakarta Pusat, Jakarta Raya, Indonesia |
| Year Founded | 2015 |
| Founders | Chandra Tjan, Jefrey Joe, Will Ongkowidjaja |
| Total Funding | $650M |
| Average Check Size | $50M |
| Industries | Consumer, Enterprise, Social, Fintech, Marketplace, AI & ML, SaaS, E-Commerce, DTC |
| Investment Stage | Early Stage, Late Stage, Seed, Series A, Pre-Seed |
| Nº of Investments | 115 (50 as Lead Investor) |
| Nº of Exits | 8 |
| Top Portfolio Startups | Agriaku, Pitik, Mangkokku |
| Contact | info@alphajwc.com |
As an Indonesia-only venture capital firm, Intudo Ventures backs early-stage companies like Xendit and Pintu that are built for the country's growing consumer economy. The firm takes a deeply hands-on role, providing operational support and acting as interim C-suite leadership to guide startups from seed funding through their early growth stages.
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2017 |
| Founders | Eddy Chan, Patrick Yip |
| Investment Stage | Convertible Note, Early Stage, Late Stage, Seed |
| Nº of Investments | 50 (28 as Lead Investor) |
| Nº of Exits | 1 |
| Contact | contact@intudovc.com |
As the corporate venture capital initiative for Telkom Indonesia, MDI Ventures funds startups at the seed, early, and late stages. The firm provides both capital and operational assistance, creating a bridge for global technologies to enter the Indonesian market through the Telkom ecosystem.
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2016 |
| Founders | AMELIA SONDAKH, Nicko Widjaja |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 117 (46 as Lead Investor) |
| Nº of Exits | 14 (5 IPO'd) |
| Contact | info@mdi.vc / +6221-2793-7910 |
As the corporate venture capital arm of Bank BRI, BRI Ventures invests in financial technology startups to drive growth for its parent group. They support entrepreneurs at the seed, early, and late stages, using Bank BRI's network to accelerate Indonesia's financial inclusion and digital economy.
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2018 |
| Founders | Nicko Widjaja |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 42 (7 as Lead Investor) |
| Nº of Exits | 3 (2 IPO'd) |
| Contact | 02150333183 |
Kejora Capital backs founders across Southeast Asia, investing from seed to late-stage to help build transformative companies. Beyond financial investment, they provide a strong regional network and valuable local market insights to help their portfolio companies succeed at every stage.
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2014 |
| Founders | Andy Zain, Sebastian Togelang |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 39 (12 as Lead Investor) |
| Nº of Exits | 4 |
| Contact | contact@kejorahq.com / +62 2153660543 |
Functioning as the corporate venture arm of Telkomsel, Telkomsel Mitra Inovasi invests in promising companies from seed to late stage. They accelerate growth by providing portfolio companies with access to Telkomsel’s ecosystem, assets, and expertise.
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2019 |
| Founders | — |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 16 (6 as Lead Investor) |
| Nº of Exits | — |
| Contact | hello@tmi.id |
As the corporate venture arm of Bank Central Asia, Central Capital Ventura invests in early-stage financial services startups across Indonesia. They partner with entrepreneurs to accelerate fintech development and contribute to the nation's economic growth.
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2017 |
| Founders | — |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 26 (1 as Lead Investor) |
| Nº of Exits | 3 |
| Contact | pitch@centralcapital.vc |
Discovery Nusantara Capital invests in early-stage internet startups across Indonesia and Southeast Asia. The fund supports dynamic companies by providing the capital needed to establish and scale their operations in the region.
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2016 |
| Founders | Irene Umar |
| Investment Stage | — |
| Nº of Investments | 15 (10 as Lead Investor) |
| Nº of Exits | — |
| Contact | pitch.box@dncindonesia.com |
Agaeti Venture Capital funds early-stage technology companies with a specific focus on the Indonesian market. They provide founders with strategic guidance and operational support to scale their businesses, counting companies like Fore Coffee in their portfolio.
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2018 |
| Founders | Michael Soerijadji, Pandu Sjahrir |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 20 (1 as Lead Investor) |
| Nº of Exits | 3 (1 IPO'd) |
Creative Gorilla Capital invests in early-stage and seed-stage creative consumer brands throughout Indonesia. The firm's team of brand builders offers marketing expertise and operational support to help founders build iconic companies.
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2021 |
| Founders | — |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 5 (2 as Lead Investor) |
| Nº of Exits | — |
5 Additional Indonesia VC Firms Worth Pitching
Beyond our main list, there are many other firms helping founders get their start. Combined, the firms below have backed nearly 100 companies and guided more than a dozen to successful exits.
You'll find a mix of long-standing investors and newer funds that have recently joined the scene. Here’s a closer look at more of the venture capital firms funding what's next in Indonesia.