
Ideosource
Cityloft Apartment, Unit 1120, Jl. KH Mas Mansyur 121, Jakarta, Jakarta Raya, 10220, Indonesia
Overview
Ideosource is a venture capital firm dedicated on making investment in early-stage to later-stage. From the infancy of Indonesia’s internet economy in 2011, Ideosource has ignited the local Internet ecosystem. Our approach combines a bottom-up investment selection process with a top-down view of the economy. Our team finds 3 key Investment Themes that will drive Ideosource investment strategies. For early stage companies, we are looking an innovative, unique and new solutions to local problems and has potential for application in other regions with strong and insightful founders. We are also looking companies that disrupt the offline market to become online. For a late stage investment, we are looking to the Number 1 in category, unbeatable traction and ability to attract follow on investments. With the Ideosource current’s portfolio and networks, Ideosource has proven to be valuable for the entrepreneurs when it comes to business development, marketing and brand building, access to talents, fundraising network and financial/accounting support. Our passion is working alongside entrepreneurs to give birth to new technologies and insights to become industry-leading companies. We invest in companies across Asia-Pacific especially Indonesia. Our startup founders are idealistic yet grounded, visionary yet execution oriented, charted into new technology yet insightful to the customers and consumers they served.
- Total investments
- 4
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Artificial Intelligence (AI)
- Big Data
- E-Commerce
- Film
- FinTech
- Internet of Things
- Media and Entertainment
- Venture Capital
Investment portfolio
- TuringSense
Led · Series A · May 2017
TuringSense is a Santa Clara, CA-based developer of intelligent wearables technology sold under the PIVOT brand. Its platform captures 3D biomechanical data and creates a motion library of reference motions to describe optimal movement. PIVOT devices combine biomechanics, sensors and AI to track the full range of body movement and make live recommendations to improve performance. The company’s first consumer product, PIVOT Tennis, is expected to be available for general sale in Q3, and a partner platform for building applications on PIVOT technology will be commercially available in Q2. TuringSense announced a $3.0M pre-Series A round and has raised $6.0M to date. Key intellectual property highlighted by the company includes improved latency and reliability of wireless body-position transfer, reduced bandwidth/power/cost of data transfer, kinematic modeling to minimize sensors, support for multiple reference motions per activity, and a scalable cloud framework to support millions of users in real time. TuringSense is developing wearable technologies that combine biomechanics, sensors and artificial intelligence to help athletes learn complex movements and avoid injuries. Its first product, PIVOT, is a wearable technology designed to improve tennis playing and training. The company plans future products for additional sports such as golf and swimming and to adapt the platform for markets including physical therapy, insurance compliance, rehabilitation, posture correction, and virtual/augmented reality and gaming. TuringSense completed a $3M seed funding round to support expansion. The funds will be used to expand R&D, marketing and sales in support of PIVOT's launch and broader product development. The founding team includes CEO Limin He, VP of Product and Marketing Chris Lim (aka Taufik Arifin), and CTO/VP of R&D Dr. Joseph Chamdani, who holds 46 US patents.
- FemaleDaily Network
Led · Series A · Nov 2014
Female Daily Network operates websites such as Female Daily and Mommies Daily. The company runs an online network of consumer-facing websites. The article identifies the company as Indonesia’s FDN. It recently raised $1 million in a Series A funding round. That financing is the primary current financial detail disclosed in the article. The article does not provide operating metrics or future plans.
- Gimmie
Participated · Equity · Jan 2013
Gimmie relocated from the U.S. to Singapore two years ago and builds mobile rewards, loyalty, and ad products for the Asian market. The company recently developed GimmieX, a messaging-based, real-time lead-conversion SaaS that segments website traffic by visitor type and other factors. GimmieX lets customers craft personalized messages served to site visitors with the goal of converting them into leads or customers. Gimmie discovered the product concept after partners reported difficulties converting website traffic. GimmieX is currently in beta and scheduled for an official launch next month. The company raised new funding to scale and further develop the product, and IRR plans to roll out GimmieX across many of its portfolio companies. Gimmie pivoted from offering gamer‑point redemptions to a white‑label rewards platform that lets publishers create localized campaigns and incentivized surveys. The platform provides an online dashboard for publishers to manage programs and rewards such as discounts on local restaurants or Uniqlo gift cards. The company relocated from Silicon Valley to Singapore to focus on Asian markets and is seeking publishers in Asia with large user bases. Gimmie took S$639,000 (about $522,000) in funding from a group led by WaveMaker Labs in partnership with the Singapore National Research Foundation, with Jakarta‑based Ideosource also participating. Previously the company had raised $200,000 from mobile incubator Tandem. The shift led to internal changes: co‑founder Roy Liu left and much of the U.S. staff were let go; the company now has eight employees and plans to enable resellers and launch new product features for different mobile devices in one to two months. Gimmie offers a platform for game and mobile app developers to increase in-app purchases by awarding users Gimmie points for sustained app use. Users can save and redeem points for free and discounted real-world products via an integrated marketplace. The platform lets developers determine how and when to issue points to incent actions like buying virtual goods, signing up for newsletters, or advancing levels. Developers can implement Gimmie’s in-app incentives program in a few minutes. The company launched its platform in a private beta that is open and free to app developers. Gimmie was co-founded in late 2011 by former PopCap developer Roy Liu and CEO David Ng.