Who invests in startups in Indonesia
34 investors back startups in Indonesia: funds, accelerators and angel networks with at least two portfolio companies there, 153 portfolio startups in all. The most active here are Endeavor (41), Antler (31) and 500 Global (31). 7 of them are accelerators.
Investors backing startups in Indonesia
| Investor | Startups here | Portfolio rounds, 12 mo | Latest activity |
|---|---|---|---|
 EndeavorAccelerator · United States · DANA, Bukalapak, Kata | 41 | 54 | Oct 2026 |
 AntlerAccelerator · Singapore · Cavos, Gapai, Moneta | 31 | 52 | Nov 2026 |
 500 GlobalAccelerator · United States · eFishery, Bukalapak, Finku | 31 | 35 | Oct 2026 |
 Y CombinatorAccelerator · United States · OpenScale, Ajaib, Finku | 20 | 256 | Oct 2026 |
 AppWorksAccelerator · Taiwan · Kargo Technologies, Qoala, AMODA | 10 | 4 | Oct 2026 |
 Mandiri Capital IndonesiaVenture capital · Indonesia · GoTo Group, Bukalapak, LinkAja | 10 | – | – |
 Z Venture CapitalVenture capital · Japan · Amartha, Mekari, Ralali | 7 | 7 | Jun 2026 |
 Golden Gate VenturesVenture capital · Singapore · Finku, Xendit, BukuWarung | 7 | – | – |
| PPlug and Play APACAccelerator · Sayurbox, Bizhare, Finfra | 6 | 1 | Feb 2026 |
 January CapitalVenture capital · Australia · Akulaku, Ralali, Kargo Technologies | 5 | 2 | Aug 2026 |
 JungleVenture capital · Singapore · Mekari, Evermos, Waresix | 5 | 1 | Jan 2026 |
 Spiral VenturesVenture capital · Japan · Bukalapak, Kata, SPUN | 5 | – | – |
 Peak XV PartnersVenture capital · India · GoTo Group, Moladin, Pintarnya | 4 | 30 | Oct 2026 |
 Genesia VenturesVenture capital · Japan · Logisly, Rey, SPUN | 4 | 7 | Aug 2026 |
 Pegasus Tech VenturesVenture capital · United States · GoTo Group, Bukalapak, Alodokter | 4 | 6 | Nov 2026 |
 Lightspeed Venture PartnersVenture capital · United States · Pintu, Shipper, Astro | 3 | 84 | Nov 2026 |
 PartechVenture capital · France · Finku, Xendit, Shipper | 3 | 28 | Oct 2026 |
 Quona CapitalVenture capital · United States · BukuWarung, JULO, majoo | 3 | 4 | Aug 2026 |
 Finch CapitalVenture capital · Netherlands · Mekari, Ayoconnect, Tada | 3 | 4 | Jun 2026 |
 GMO VenturePartnersVenture capital · Japan · Xendit, BukuWarung, Honest | 3 | 2 | Jul 2026 |
 Cento VenturesVenture capital · Singapore · Finfra, Brodo Ganesha Indonesia, Monit | 3 | 1 | Feb 2026 |
 Quest VenturesVenture capital · Singapore · Populix, Yummy Corp, Daily | 3 | – | – |
 AccelVenture capital · United States · Xendit, Astro | 2 | 83 | Oct 2026 |
 Insight PartnersVenture capital · United States · Flip, Xendit | 2 | 82 | Nov 2026 |
 Soma CapitalVenture capital · United States · BukuWarung, Titipku | 2 | 62 | Nov 2026 |
 Silicon Valley InvestclubAccelerator · J&T Express, GoTo Group | 2 | 47 | Nov 2026 |
 Qiming Venture PartnersVenture capital · China · Akulaku, Swap | 2 | 25 | Oct 2026 |
 Horizons VenturesVenture capital · Hong Kong · Ajaib, Bobobox | 2 | 12 | Aug 2026 |
 Square PegVenture capital · Paper.id, Mekari | 2 | 7 | Jun 2026 |
 Rocketship.vcVenture capital · United States · BukuWarung, KitaLulus | 2 | 7 | Aug 2026 |
 OCTAVE CapitalVenture capital · Alodokter, Cakap | 2 | 4 | Jul 2026 |
 STRIVEVenture capital · Japan · Bukalapak, Qoala | 2 | 2 | Jul 2026 |
 Rebright PartnersVenture capital · Singapore · Bukalapak, Qraved | 2 | 2 | Aug 2026 |
 Arbor VenturesVenture capital · Hong Kong · Akulaku, Ralali | 2 | – | – |
The most backed startups in Indonesia
| Startup | Investors in this list |
|---|---|
 Bukalapak | 7 |
 Xendit | 6 |
 BukuWarung | 6 |
 Mekari | 5 |
 Shipper | 4 |
 Astro | 4 |
 GoTo Group | 4 |
 Staffinc | 4 |
 Finku | 4 |
 Alodokter | 4 |
 SPUN | 3 |
 Ternakin | 3 |
 Paper.id | 3 |
 Kata | 3 |
 Kargo Technologies | 3 |
By sector
More on startups in Indonesia
Raising a round?
Tell us about your startup once: Alion matches it to the investors that back companies like it and tells you when a fund starts backing startups in Indonesia.
Questions
Who invests in startups in Indonesia?
34 investors back startups in Indonesia: funds, accelerators and angel networks with at least two portfolio companies there, 153 portfolio startups in all. The most active here are Endeavor (41), Antler (31) and 500 Global (31). 7 of them are accelerators.
How is this list built?
From what each investor holds: the portfolio page it publishes, the Y Combinator directory and the announced rounds that name it. An investor counts for Indonesia when at least two of its portfolio companies are based there; the list is rebuilt every night from 2,417 portfolios.