Participated · Equity · May 2024

Jejakin provides AI- and IoT-based solutions for carbon project computing, analysis, detection, and browsing, aiming to help enterprises achieve net-zero emissions. The company markets three products: CarbonIQ, CarbonAtlas, and CarbonSpace. Its platform integrates data and analytics to support corporate carbon management workflows. Jejakin recently announced a new financing round, indicating external investor interest in its products and market positioning. The announcement did not disclose operating metrics such as revenue or user counts. All other operational details and future plans beyond its stated product offerings were not specified in the article.

Participated · Series B · Mar 2023

Qoala is an insurtech platform that partners with local insurers and e-commerce firms to sell personalized, affordable insurance products—ranging from cars, motorcycles and property to personal accident, travel, health, phone-screen damage and ticket cancellation—via its website, app and offline agents. The company simplifies claims through image uploads and uses machine learning to detect fraud, and now handles up to 60% of claims internally. It leverages a large sales network (over 60,000 agents/marketers and more than 65,000 traditional offline agents reported) and is embedded in over 50 consumer-facing platforms and marketplaces. Qoala serves over 5 million customers, processed more than 115,000 claims and added 45,000 new users last year; gross written premiums have surged roughly 2.5x since 2022 and grew over 15x from 2020 to 2023. The startup operates in Indonesia, Malaysia, Thailand and Vietnam and is headquartered in Jakarta. Qoala plans to deploy new capital toward strategic acquisitions and partnerships and to "sprinkle" AI across its channels to drive further product and operational improvements. Qoala offers retail insurance products — including house, health, and car coverage — and microinsurance through partnerships with platforms like Traveloka, Shopee, Dana, JD.ID, Redbus, Kredivo and Investree. The company distributes policies via an omnichannel platform and a network of 75 insurers and 60,000 brokers, serving about 8 million customers. Qoala operates in Indonesia and also runs in Thailand and Malaysia. It has paid nearly $30 million in claims to date. The firm reports a positive contribution margin in Thailand and Indonesia and expects to reach profitability within three years. In 2021 Qoala acquired Thai startup FairDee and says it is prioritizing unit economics over near-term aggressive market expansion given the current economic climate. Qoala is an Indonesia-based insurtech startup. Regulatory filings show the company secured an additional $5.42 million as an extension to its Series B round. The article provides no details on the participating investors, valuation, use of proceeds, product specifics, or operating metrics. It also does not mention prior funding rounds or the company's founding year. Coverage focused solely on the regulatory filing disclosing the Series B extension. Qoala is a technology-focused insurtech that aims to socialize insurance through product development and machine learning–based claim processes. The company operates in Indonesia, Malaysia and Thailand, offering health, motor vehicle, property, personal accident and other protections via its app and website. Qoala supports distribution through a platform used by over 50,000 insurance marketers and integrates with more than 50 insurers to manage pre-sale and post-sale services. It also supplies micro-insurance products through partnerships with Traveloka, Redbus, DANA, JD.ID, Shopee, Kredivo and Investree. Led by CEO Harshet Lunani and COO Tommy Martin, the company plans to use new funding to accelerate business growth and expand operations. The business recently raised capital to support that expansion. Qoala is a Jakarta-based, one-year-old startup that offers personalized, small-ticket insurance products through partnerships with insurers and e-commerce and travel platforms. Its product lineup includes coverage for phone display damage, e-commerce logistics and hotel-quality checks, and customers can upload pictures to simplify claims. Qoala uses machine learning to detect fraudulent claims and improve underwriting. The company processes more than 2 million policies each month, up from 7,000 in March of the prior year, and employs about 150 people with plans to double headcount in a year. Qoala maintains partnerships with insurers such as AXA Mandiri, Tokio Marine and Great Eastern and distribution partners including Grabkios, JD.ID, Shopee, Tokopedia, PegiPegi and RedBus. The startup says it is working on expanding its product set to include health and peer-to-peer insurance categories. Its distribution- and ML-driven approach aims to make insurance more accessible and affordable for Indonesian consumers.

Participated · Series B · Oct 2022

Wahyoo, founded in 2017 by Peter Shearer and based in Indonesia, provides digitization services to micro, small and medium enterprises in the food and beverage industry. Its offerings include access to networks for sales and fulfillment, and it built the Bikin Tajir Group, a cloud-kitchen project that supports MSMEs and offers franchise rights for culinary brands. More than 27,000 companies use Wahyoo's services. The company completed a $6.5M Series B that raised its post-money valuation to $38.9M, with its share price nearly tripling compared to the prior year. Wahyoo previously raised $5M in an August 2020 Series A led by Intudo Ventures. The business continues to expand its platform and franchise initiatives to support F&B MSMEs. Wahyoo provides a platform and complementary services to digitize warung makan operations, including next-day grocery delivery from its own warehouses, integration with Go Food, and an education program called Wahyoo Academy. The app, launched about a year ago, has onboarded roughly 13,800 warung makan and the company employs about 170 people, including field teams that meet owners in person. Wahyoo is free for restaurant owners and monetizes through brand commission percentages, in-store advertising, and a fried chicken franchise that places stalls in front of partner stores (about 350 stalls today, with a goal of 1,000 by year-end). The startup also runs brand partnerships and offers owners ways to earn via ad banners and brochures in-store. During the COVID-19 pandemic eateries on the platform briefly saw a drop in business in April and May but began recovering in June and July, aided in part by the Go Food integration. Wahyoo plans to continue hiring, develop its tech platform further, expand beyond Greater Jakarta, and explore fintech and catering opportunities as part of its ecosystem strategy.

Participated · Seed · Jun 2022

Fresh Factory is a cold chain enabler and fulfillment startup in Indonesia providing decentralized cold chain storage facilities, pick-and-pack services, and last-mile deliveries. Its network spans 22 Indonesian cities and more than 40 fulfillment centers. The company serves online and brick-and-mortar retailers, including Sirclo and Danone, and emerging customers such as Eden Farm and Kin Dairy Fresh Milk. In the previous 12 months its annual gross merchandise value increased by 10 times and its clientele doubled. By the end of the year Fresh Factory plans to expand to over 100 fulfillment centers across 50 Indonesian cities. The move targets Indonesia's underdeveloped cold chain logistics market, which faces higher setup and operating costs than customary logistics operations. Fresh Factory operates a network of hyperlocal cold storage smart warehouses and a fulfillment management system that stores, picks, packs, and delivers perishable goods for businesses. Its platform integrates GeoTagging and GeoLocation for storage, AI to forecast and manage stock, and IoT to monitor freezer and chiller temperatures. The company targets gaps in Indonesia's cold chain by placing mid- and last-mile infrastructure closer to customers across Java, Sumatra, Sulawesi, and Bali. Fresh Factory currently operates more than 20 warehouses and serves frozen-to-chilled storage needs for merchants, including SMEs and e-commerce grocers. It plans to expand warehouses to all secondary cities in Java and main cities in Sumatra and Sulawesi while investing in talent and technology to boost adoption and operational excellence. As of April 2022 the company reported roughly $10 million of annualized GMV, annualized fulfillment for more than 1 million orders, and 30% month-over-month revenue growth over the prior three months.

Participated · Series A · Jun 2022

KitaLulus operates a jobs platform serving Indonesia. The company connects job seekers and employers through its online platform. It is based in Indonesia. According to regulatory filings, KitaLulus has secured $8.15 million in a Series A financing. The company had announced the round previously without disclosing the amount. Investors in the round include Tiger Global, Rocketship.vc, Go-Ventures, Indogen Capital, Goodwater Capital and FEBE Ventures.