# Investors based in Indonesia (2026 list) > 442 investors based in Indonesia, 1% active in the last 12 months. Led by Makers Fund, ING Group, Alpha JWC Ventures. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-indonesia (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Indonesia Updated 7 November 2026 Firms headquartered in Indonesia, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Indonesia. [See all 442 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-indonesia)The top 25 **442** investors on the list No change this week **23** cheques in 12 months *-17%* against the market **$8.6M** median round they joined *+7%* against the market median **1%** wrote a cheque in 12 months **2%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (3) - 1 [Makers Fund](https://millionrounds.com/fund/makers-fund) *Deploying now* VC firm · Indonesia **101** **$10M** median round **Nov 2026** last seen - 2 [ING Group](https://millionrounds.com/fund/ing-group) *Deploying now* Growth equity · Indonesia **45** **$37M** median round **Oct 2026** last seen - 3 [Alpha JWC Ventures](https://millionrounds.com/fund/alpha-jwc) quiet VC firm · Indonesia **14** **$12M** median round **Feb 2025** last seen - 4 [Convergence Ventures](https://millionrounds.com/fund/convergence-ventures) quiet VC firm · Indonesia **12** **$1.5M** median round **Dec 2015** last seen - 5 [Venturra](https://millionrounds.com/fund/venturra) quiet VC firm · Indonesia **11** **$8.7M** median round **Sept 2019** last seen - 6 [Ideosource Venture Capital](https://millionrounds.com/fund/ideosource-venture-capital) quiet VC firm · Indonesia **10** **$3M** median round **Nov 2015** last seen - 7 [SMDV](https://millionrounds.com/fund/sinar-mas-digital-ventures) quiet VC firm · Indonesia **10** **$15M** median round **Oct 2019** last seen - 8 [Garena](https://millionrounds.com/fund/garena) quiet VC firm · Indonesia **5** **$23M** median round **Dec 2015** last seen - 9 [Init 6](https://millionrounds.com/fund/init-6) quiet VC firm · Indonesia **5** **$2.3M** median round **May 2025** last seen - 10 [Intudo Ventures](https://millionrounds.com/fund/intudo-ventures) quiet VC firm · Indonesia **5** **$4.3M** median round **Apr 2025** last seen - 11 [MDI Ventures](https://millionrounds.com/fund/mdi-ventures) quiet Corporate VC · Indonesia **5** **$10M** median round **Aug 2019** last seen - 12 [Agaeti Venture Capital](https://millionrounds.com/fund/agaeti-venture-capital) quiet VC firm · Indonesia **4** **$8.1M** median round **Oct 2019** last seen - 13 [Emtek Group](https://millionrounds.com/fund/emtek-group) quiet Corporate VC · Indonesia **4** **$129M** median round **Jul 2015** last seen - 14 [Launchpad](https://millionrounds.com/fund/launchpad) quiet VC firm · Indonesia **4** **$2.9M** median round **Nov 2018** last seen - 15 [Skystar Capital](https://millionrounds.com/fund/skystar-capital) quiet VC firm · Indonesia **3** **$850K** median round **Mar 2015** last seen - 16 [Maloekoe Ventures](https://millionrounds.com/fund/maloekoe-ventures) quiet VC firm · Indonesia **2** **$5.2M** median round **Nov 2018** last seen - 17 [PT Principal Asset Management](https://millionrounds.com/fund/pt-principal-asset-management) quiet VC firm · Indonesia **2** **$66M** median round **Oct 2025** last seen - 18 [Sinar Mas Land](https://millionrounds.com/fund/sinar-mas-land) quiet VC firm · Indonesia **2** **$13M** median round **Mar 2019** last seen - 19 [AC Ventures](https://millionrounds.com/fund/acv-capital) *Deploying now* VC firm · Indonesia **1** **$12M** median round **Oct 2026** last seen - 20 [Arkana Ventures](https://millionrounds.com/fund/arkana-ventures) quiet VC firm · Indonesia **1** **$2.6M** median round **Jul 2022** last seen - 21 [Central Capital Ventura](https://millionrounds.com/fund/central-capital-ventura) quiet Corporate VC · Indonesia **1** **$3M** median round **Jul 2019** last seen - 22 [Dian Swastatika Sentosa](https://millionrounds.com/fund/dian-swastatika-se) quiet VC firm · Indonesia **1** **$3.5M** median round **May 2014** last seen - 23 [EverHaüs](https://millionrounds.com/fund/everhaus) quiet Accelerator · Indonesia **1** **$1.3M** median round **May 2019** last seen - 24 [GDP Venture](https://millionrounds.com/fund/gdp-venture) quiet Venture studio · Indonesia **1** **$11M** median round **Sept 2019** last seen - 25 [Global Intermedia Ltd](https://millionrounds.com/fund/global-intermedia-ltd) quiet VC firm · Indonesia **1** **$1.5M** median round **Jan 2008** last seen **417 more on this list** All 442 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-indonesia) ## The Newest Cheques Rounds this list's investors joined most recently - **4** Nov **[Phaze Inc.](https://millionrounds.com/company/phaze-inc)** Seed · $8.8M *With* [Makers Fund](https://millionrounds.com/fund/makers-fund) - **30** Oct **[Neoen](https://millionrounds.com/company/neoen)** Debt · $1.3B *With* [ING Group](https://millionrounds.com/fund/ing-group) - **28** Oct **[FuriosaAI](https://millionrounds.com/company/furiosaai)** Series D+ · $620M *With* [Quantum Ventures](https://millionrounds.com/fund/quantum-ventures-2) - **27** Oct **[Stryv](https://millionrounds.com/company/stryv)** Series B · $12M *Led by* [AC Ventures](https://millionrounds.com/fund/acv-capital) - **26** Oct **[Giga Storage](https://millionrounds.com/company/giga-storage)** Debt · $291M *With* [ING Group](https://millionrounds.com/fund/ing-group) - **26** Oct **[Akaysha Energy](https://millionrounds.com/company/akaysha-energy)** Debt · $1.2B *With* [ING Group](https://millionrounds.com/fund/ing-group) ## Stages This Year 23 rounds - Seed **22%** - Debt **22%** - Series B **13%** - Venture **9%** - Other **9%** - Other **26%** ## What They Backed Sectors, last 12 months - Gaming **9** - AI **5** - Energy **4** - Asset Management **2** - Cloud **2** - Cleantech **2** ## Cheques by Quarter Led Joined 8 Q1 25 7 Q2 25 10 Q3 25 3 Q4 25 6 Q1 26 6 Q2 26 4 Q3 26 7 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in United States 73,439](https://millionrounds.com/lists/investors-based-in-united-states) - [Investors based in United Kingdom 8,136](https://millionrounds.com/lists/investors-based-in-united-kingdom) - [Investors based in Canada 3,879](https://millionrounds.com/lists/investors-based-in-canada) - [Investors based in India 3,865](https://millionrounds.com/lists/investors-based-in-india) - [Investors based in Germany 3,455](https://millionrounds.com/lists/investors-based-in-germany) - [Investors based in China 3,027](https://millionrounds.com/lists/investors-based-in-china) - [Investors based in United Arab Emirates 2,916](https://millionrounds.com/lists/investors-based-in-united-arab-emirates) - [Investors based in Australia 2,592](https://millionrounds.com/lists/investors-based-in-australia) - [Investors based in France 2,280](https://millionrounds.com/lists/investors-based-in-france) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Indonesia ### Who are the most active investors based in Indonesia? By cheques observed, the most active are Makers Fund, ING Group, Alpha JWC Ventures, Convergence Ventures and Venturra. ### How many investors based in Indonesia are there? 442 are on record. 1% made an investment in the last 12 months and 2% have led a round. ### Which stages do investors based in Indonesia back? Of the rounds with a named stage in the last 12 months, mostly Seed (26%) and Debt (26%). ### How big are the rounds investors based in Indonesia join? The typical (median) round among the leading investors here is $8.1M. ### Which sectors do investors based in Indonesia back most? In the last 12 months, mostly Gaming, AI and Energy. ### Which investors based in Indonesia lead the most rounds? Makers Fund (4 led), Init 6 (4 led) and Venturra (2 led). ### What have investors based in Indonesia invested in recently? Recent rounds include Phaze Inc. (Seed, Nov 2026, with Makers Fund), Neoen (Debt, Oct 2026, with ING Group) and FuriosaAI (Series D+, Oct 2026, with Quantum Ventures). ### How is this list of investors based in Indonesia ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)