Startup funding in Indonesia 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in Indonesia raised $322M in 21 venture rounds from January to September 2026, 30th of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
1 round of $100M or more holds 84.0% of that money. Without it, Indonesia raised $52M, 45th of 119 countries.
Largest round
The largest round was Ajaib in Jakarta: $270M, Series C, in August 2026.
Cities
Jakarta startups raised $321M, 99.8% of the national total, ahead of Dki Jakarta with $250K.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 17 rounds, $29M.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| Jakarta | 14 | $321M | $51M | 1 |
| Dki Jakarta | 2 | $250K | $250K | 0 |
| Denpasar | 1 | $232K | $232K | 0 |
| Setiabudi | 1 | $150K | $150K | 0 |
| Japan | 2 | $100K | $100K | 0 |
| Depok | 1 | $60K | $60K | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| Ajaib | Jakarta | Series C | 2026-08-28 | $270M |
| Jago Coffee | Jakarta | Series B | 2026-02-03 | $12M |
| FLOQ | Jakarta | Series A | 2026-06-03 | $11M |
| Pluang | Jakarta | Series C | 2026-05-18 | $10M |
| Kitar | Jakarta | seed | 2026-04-01 | $10M |
| Baskit | Jakarta | Series A | 2026-04-15 | $4M |
| SPUN | Jakarta | seed | 2026-01-19 | $2M |
| Aerion Motors | Jakarta | pre-seed | 2026-07-21 | $600K |
| Raflux | Jakarta | pre-seed | 2026-09-22 | $300K |
| JaPi | Dki Jakarta | seed | 2026-01-14 | $250K |
Method
21 rounds in Indonesia in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 16 of the 21 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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