Venture Capital for Southeast Asia, Founders’ Best Partner In Indonesia.

We are a sector agnostic investor in Southeast Asia with deep operating experience in Indonesian market

We aim to be a value-adding partner for founders looking to grow in or expand into Indonesia. We typically invest in post-seed stage up to series A companies. We have consistently generated above average returns to our investors through value-creation activities leading to strong portfolio exits. We leverage our key members’ extensive networks and operating experience across various functions and sectors.

  • Warta, Jakarta – Setelah hadir di Surabaya, Hijup Store Yogyakarta resmi dibuka untuk kembali memenuhi keinginan pasar di Pulau Jawa. Potensi Yogyakarta sebagai...

  • e27 – Travelio also named Insignia Ventures Partners, Fenox Venture Capital, IndoGen Capital, and Stellar Kapital Indonesian accommodation-sharing platform Travelio today ann...

  • Techcrunch – Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month.......






Employees in portfolio



We’ve backed and supported great companies

We’ve invested in B2B, C2C, and B2C fast-growing companies with sustainable business models. Our portfolio covers various sectors such as fintech, healthcare, travel, and retail. We help our portfolio companies find new business opportunities, find key talents, connect with industry-leading advisors in our networks, and maximise their chances for successful strategy execution through active advising and mentoring.  



Leading car trading platform with real-time bidding feature in Southeast Asia



Largest professional freelancer hiring platform in Southeast Asia



Leading short-term rental and property management platform in Indonesia



Leading local cosmetic and beauty retailer brands with 14 stores across Indonesia



Leading online marketplace of local Islamic fashion designers’ products in Indonesia




Payment solution for transportation and government sectors in Indonesia (acquired by TIS Corp Japan)




Technology-driven co-working space provider in Singapore and Southeast Asia (acquired by WeWork)



Automated machine learning platform to build, optimize, and manage PPC advertising campaign



Indonesian company developing a patented technology that transmits data via audible sound



Video reaction social network mobile application



Leading on-demand housekeeping and laundry services in Indonesia


Healthcare company with a focus on the delivery of precision medicine in Asia (IPO, SGX:1H3)



MarcoPolo Learning is an award-winning educational media company with a focus on STEAM and English language learning.



Leading premium coworking space provider in Indonesia (merged with ReWork)



Leading purchase order and invoice financing platform for SMEs in Hong Kong



Leading employee and community perks, benefits, and financing management platform in Philippines

Meet the team

We enjoy working with founders. Our key members were founders themselves. We provide the best support for our portfolio founders when we draw on each team member’s diverse backgrounds, skills, and perspectives. We are former marketer, product manager, software engineer, banker, and management consultant with over 40 years of combined professional experience in America and Asia Pacific.

Chandra Firmanto

Managing Partner

Hendry Willy


Deny Agusman


Reach out to us

We always welcome the opportunity to network. We look forward to have a chat with you.

For Entrepreneurs and other enquiries

Though we usually invest at the later stages (post-seed and above), we are always open to connect with entrepreneurs across stages. Please drop us any pitch decks, press enquiries, or questions at

Career Enquiries

We’re always looking for great talents. If you’re interested to explore opportunity with us or our portfolio companies, drop us your CV/Resume at

For Angel Investors or potential accredited investors

We carefully review any potential co-investment or partnership opportunities in our fund. If you’re an angel investor just starting out or individual looking to learn about investing in startups in Asia, please drop us a line at