AC Ventures, a Jakarta-based venture firm, nurtures early-stage, high-growth companies. Over the past 15 years, the firm has cultivated a reputation for backing disruptive business models and fostering innovation in Indonesia’s vibrant startup ecosystem. AC Ventures recently concluded the fundraising for its fifth fund, ACV Fund V, amassing an impressive $210 million. With the new fund, […]

Indonesian fintech startup SkorLife has announced raising $4 million in a Seed funding round anchored by global tech investor Hummingbird Ventures, with participation from QED Investors. Existing investors AC Ventures and Saison Capital also joined the round. SkorLife is the first credit builder in Indonesia. Co-founded by Ongki Kurniawan and Karan Khetan, the company allows people […]

Indonesia-based hyperlocal online F&B startup, UENA, has secured new funding from existing investor East Ventures and new investor Trihill Capital in a round that closed in Q1 2023. The amount raised was not disclosed. The fresh funding will be used to expand UENA’s locations and services to reach more users and customers. Since launching in […]

Indonesian startup Mimin has secured seed funding from Otto Digital, a subsidiary of conglomerate Salim Group, to expand its chat commerce solutions and virtual assistant services for micro, small, and medium enterprises (MSMEs) in the country. Otto Digital’s extensive MSME community and networks in Indonesia make it an ideal partner for Mimin, according to the […]

Coldspace, an Indonesian integrated cold chain solutions provider, has announced the completion of a $3.8 million seed round of funding. The round was led by Intudo Ventures, an Indonesian venture capital firm, along with ASSA, one of Indonesia’s largest logistics groups, and Triputra Group, a major Indonesian agricultural conglomerate. MKA & ITS also participated in […]

Indonesian fitness startup Fit Hub has secured US$6.5 million in funding to make health and wellness more accessible to all Indonesians. The company raised US$3 million in seed funding in early 2022 from investors including Global Founders Capital, Trihill Capital, and Goodwater Capital, followed by a US$3.5 million seed extension round in December 2022 led […]

Indonesia’s Travelio announced that it has raised an undisclosed amount in Series C funding as it seeks to become a dominant player in the country’s apartment rental market. The company’s Series C round was led by a large Korean financial group and included new investors such as Korea’s DAOL Ventures, Orzon Ventures, and Appworks from […]

Indonesia’s leading e-commerce company Bukalapak has acquired a majority stake in Southeast Asia’s leading price comparison platform, iPrice. The move allows iPrice to accelerate its growth by leveraging the synergies between the two groups. In recent years, Bukalapak has shifted its focus from competing head-to-head with other marketplaces to building or acquiring niche marketplaces and […]

Fresh Factory, an Indonesian start-up that offers an integrated cold chain fulfilment and logistics service, has raised $4.15m in pre-Series A funding. The investment round was led by SBI Ven Capital, with participation from Kyobo Securities, NTUitive, Trihill Capital, East Ventures and PT Tap Applied Agri Services. Fresh Factory plans to use the funds to […]

Indonesia-based insurtech firm Qoala has successfully raised $7.5 million in a recent funding round, led by European investment firm responsAbility Investments AG. The round, which also saw participation from Appworks and existing investors Eurazeo and Indogen, was part of the company’s Series B+ fundraiser. Qoala plans to use the capital to expand its product and […]