Top VCs for Indonesian startups
Updated 23 Oct 2026
314
Startups in Indonesia with investors recorded
47
VCs backing 3 or more
13 / 47
Of the top list based in Indonesia
Venture capital firms
| # | Investor | Based in | Startups | Since 2024 | Best-funded companies |
|---|---|---|---|---|---|
| 1 | East Ventures | 56 | 10 | Tokopedia, Xendit, Sociolla | |
| 2 | Antler | Singapore, Singapore | 42 | 14 | SPUN, Gapai, Ternakin |
| 3 | AC Ventures | Jakarta, Indonesia | 16 | 2 | SkorLife, IDEAL Indonesia, Stockbit |
| 4 | BEENEXT | Singapore, Singapore | 12 | 4 | Brankas, Jago Coffee, bythen |
| 5 | Prasetia Dwidharma | Jakarta Pusat, Indonesia | 12 | 3 | Jago Coffee, Cakap, Runchise |
| 6 | Alpha JWC Ventures | Jakarta Pusat, Indonesia | 12 | 1 | Neurosensum, IDEAL Indonesia, Sayurbox |
| 7 | Init 6 | Jakarta, Indonesia | 11 | 4 | Ringkas, Gently, Runchise |
| 8 | Insignia Ventures Partners | Singapore, Singapore | 10 | 3 | Ajaib, Brankas, FishLog |
| 9 | Skystar Capital | Jakarta, Indonesia | 10 | 3 | Rekosistem, bythen, HijUp |
| 10 | Pegasus Tech Ventures | San Jose, United States | 10 | 2 | Alodokter, Populix, HijUp |
| 11 | Analog Capital | Singapore, Singapore | 9 | 2 | Nafas, Kitabisa.com, Cermati |
| 12 | MDI Ventures | Jakarta, Indonesia | 9 | 2 | Alodokter, Cermati, DELOS |
| 13 | Golden Gate Ventures | Singapore, Singapore | 8 | 3 | Alodokter, Rukita, Finku |
| 14 | Intudo Ventures | Jakarta, Indonesia | 8 | 3 | Jago Coffee, Populix, Banyu |
| 15 | Monk’s Hill Ventures | Singapore, Singapore | 7 | 1 | Hypefast, DELOS, Caxe Technologies |
| 16 | Peak XV Partners | bangalore-karnataka, India | 7 | 0 | Tokopedia, Lummo, Moka |
| 17 | Saison Capital | Singapore, Singapore | 6 | 3 | Lummo, SkorLife, Segari |
| 18 | Global Founders Capital | Berlin, Germany | 6 | 2 | Fit Hub Indonesia, Aman, Pintek |
| 19 | Openspace Capital | Singapore, Singapore | 5 | 4 | Pluang, Rukita, Broom |
| 20 | Accel | Palo Alto, United States | 5 | 3 | Xendit, Pluang, FishLog |
| 21 | 1982 Ventures | Singapore, Singapore | 5 | 2 | Brick, Aman, PINA Indonesia |
| 22 | Gobi Partners | Kuala Lumpur, Malaysia | 5 | 2 | Populix, Komunal, Orami |
| 23 | Goodwater Capital | Burlingame, United States | 5 | 1 | Fit Hub Indonesia, Finku, BukuWarung |
| 24 | iSeed | bangalore-karnataka, India | 5 | 1 | Rukita, DELOS, Base |
| 25 | Vertex Ventures | Singapore, Singapore | 5 | 1 | ReturnKey, GREDU, PAYFAZZ |
| 26 | Northstar Group | Singapore, Singapore | 4 | 3 | Bang Jamin, Sayurbox, Gently |
| 27 | 8Ventures | Jakarta, Indonesia | 4 | 2 | KelasDigitalk.com, SpaceAds, UKMGO Digital |
| 28 | Wavemaker Ventures | Singapore, Singapore | 4 | 2 | Moka, Fit Hub Indonesia, Gapai |
| 29 | Kejora-SBI Orbit | Jakarta, Indonesia | 4 | 1 | Bizhare, Swap, Olsera |
| 30 | Quona Capital | Washington, United States | 4 | 1 | Stockbit, Broom, BukuWarung |
| 31 | SBVA | Seoul, South Korea | 4 | 1 | Ajaib, Moka, Mamikos |
| 32 | Endeavor Catalyst | New York, United States | 4 | 0 | Investree, Kitabisa.com, Mapan |
| 33 | STRIVE | Tokyo, Japan | 4 | 0 | Hypefast, Pintek, Berrybenka |
| 34 | Tiger Global Management | New York, United States | 4 | 0 | Xendit, Ruangguru, PAYFAZZ |
| 35 | Argor Capital | Singapore, Singapore | 3 | 2 | Segari, ReturnKey, Paper.id |
| 36 | Trihill Capital | Singapore, Singapore | 3 | 2 | Eratani, Aman, MAKMUR |
| 37 | Accion Ventures | Washington, United States | 3 | 1 | Pintek, Semaai, Bababos |
| 38 | SMDV | Jakarta, Indonesia | 3 | 1 | Jejakin, KarmaClub, Orami |
| 39 | Flourish Ventures | San Francisco, United States | 3 | 0 | Brick, Mapan, KarmaClub |
| 40 | GK-Plug and Play Indonesia | Setiabudi, Indonesia | 3 | 0 | Datanest, Karta, Periksa |
| 41 | Global Brain Corporation | Tokyo, Japan | 3 | 0 | Sayurbox, UangTeman, Wahyoo |
| 42 | Hedosophia | London, United Kingdom | 3 | 0 | Pintu, Fuse, Majoo |
| 43 | Ideosource VC | Jakarta Pusat, Indonesia | 3 | 0 | FemaleDaily Network, ORORI, Saqina |
| 44 | Jungle Ventures | Singapore, Singapore | 3 | 0 | Sociolla, Hypefast, Desty |
| 45 | Living Lab Ventures | Yogyakarta, Indonesia | 3 | 0 | IDEAL Indonesia, AMODA, DOOgether |
| 46 | SOSV | Princeton, United States | 3 | 0 | Yuna & Co., GetCraft, PT Galactic Multimedia |
| 47 | Spiral Ventures | Singapore, Singapore | 3 | 0 | UangTeman, UrbanIndo, ORORI |
Venture capital firms by startups in Indonesia in their portfolio. Source: FundingWatcher. Data as of 23 October 2026. Base: 314 startups.
Accelerators, incubators and public funders
| # | Investor | Type | Based in | Startups | Since 2024 |
|---|---|---|---|---|---|
| 1 | 500 Global | Startup accelerator, Micro VC fund, Venture capital firm | Palo Alto, United States | 23 | 6 |
| 2 | Y Combinator | Startup accelerator | Mountain View, United States | 18 | 1 |
| 3 | Indigo by Telkom Indonesia | Startup accelerator, Startup incubator | Jakarta, Indonesia | 14 | 1 |
| 4 | CyberAgent Capital | Startup accelerator, Venture capital firm | Shibuya, Japan | 5 | 2 |
| 5 | Iterative | Startup accelerator, Venture capital firm | Singapore, Singapore | 5 | 1 |
| 6 | Seedstars | Startup accelerator, Co-working space, Startup competition, Venture capital firm | Geneva, Switzerland | 4 | 1 |
| 7 | Google Launchpad Accelerator | Startup accelerator | Mountain View, United States | 4 | 0 |
| 8 | Mandiri Capital Indonesia (MCI) | Startup accelerator, Corporate venture arm, Venture capital firm | Jakarta, Indonesia | 4 | 0 |
| 9 | Tenity | Startup accelerator, Entrepreneurship program, Startup incubator, Venture capital firm | Zürich, Switzerland | 3 | 3 |
| 10 | ARISE | Startup accelerator, Startup incubator, Micro VC fund, Venture capital firm | Jakarta, Indonesia | 3 | 2 |
| 11 | Surge | Startup accelerator | Singapore, Singapore | 3 | 2 |
| 12 | AppWorks | Startup accelerator, Venture capital firm | Taipei, Taiwan | 3 | 1 |
| 13 | BonAngels Venture Partners | Startup accelerator, Venture capital firm | Seoul, South Korea | 3 | 0 |
Accelerators, incubators and government investors by startups in Indonesia. Source: FundingWatcher. Data as of 23 October 2026. Base: 314 startups.
Method
A startup counts for an investor when the investor is among the investors recorded for the company across all its rounds. The startups are companies headquartered in Indonesia whose most recent round is pre-seed, seed, angel or Series A through J. "Since 2024" counts the companies whose most recent round is dated 1 January 2024 or later. Venture capital firms are investors typed as venture capital or micro VC and not also as accelerator, incubator or government office. An investor needs 3 companies to be ranked. Ties go to the higher count since 2024. Best-funded companies are the three with the most total funding.
Other countries
United States3,096
China574
United Kingdom438
Germany303
India263
Canada227
France219
Israel168
Singapore166
South Korea137
Japan130
Brazil111
Australia102
Spain84
The Netherlands78
Switzerland66
Mexico54
Poland45
Sweden44
United Arab Emirates40
Turkey40
Italy36
Finland36
Denmark31
Saudi Arabia28
Belgium26
Cite: FundingWatcher, top vcs for indonesian startups, 23 October 2026. https://fundingwatcher.com/investors/top/indonesia/