Participated · Series B · Feb 2026

Jakarta-based Jago Coffee runs a network of fully electric carts serving freshly prepared coffee and other beverages across residential areas, commercial precincts, and transit hubs in Indonesia. Customers can either walk up to the roaming carts or order through the company’s mobile app, which locates and dispatches the nearest barista to their location. By bypassing traditional brick-and-mortar cafés, Jago keeps overhead low and offers café-quality drinks at prices aimed at the mass market. The company emphasizes convenience, accessibility, and cost efficiency while seeking to scale its tech-enabled operations. With fresh capital, Jago plans to widen its cart footprint nationwide and further develop its in-house technology platform to support growth. The model positions the startup to capture Indonesia’s growing demand for affordable, high-quality coffee without the constraints of fixed retail space.

Led · Series A · Mar 2025

Elevarm is a Bandung, Indonesia-based agritech company specializing in horticulture production and high-quality agricultural inputs for smallholder farmers. It supplies seeds, bio-based fertilizers, and environmentally friendly pest control solutions, and produces seedlings in advanced greenhouses. Its in-house R&D engine, NextBio, focuses on developing sustainable agri-inputs to improve soil health, biodiversity, and crop resilience. The company supports more than 15,000 farmers across West Java, Central Java, and Yogyakarta and collaborates with over 30 partners including government agencies, universities, and financial institutions. Led by CEO Bayu Syerli, Elevarm plans to expand seedling varieties, develop new bio-based inputs, and launch AI-powered digital tools to deliver real-time insights and automate tasks. The recent funding will be used to implement these strategic initiatives. Elevarm operates a platform offering a suite of horticulture services and products, spanning fertilizers, soil testing and agricultural product trading. The company positions itself as an end-to-end agricultural technology service provider. Its platform brings together inputs, diagnostics and marketplace functions for growers and buyers. Elevarm recently secured external capital to support its operations and platform activities. The article reports a $1 million strategic investment from three institutional partners. No operating metrics, founding year or location are disclosed in the article. Elevarm is an agritech company based in Jakarta focused on producing seedlings and organic fertiliser. The company operates production capacity for seedlings and organic inputs used in agriculture. Its core product offering centers on scaling seedling output and expanding organic fertiliser production. Recent financing indicates the company is pursuing growth in manufacturing and supply capabilities. The article does not report operating metrics such as revenue or user counts. Elevarm intends to use new capital to increase its production capacity.

Led · Seed · Jan 2025

Banyu operates an integrated seaweed supply chain, providing farmers with high-quality seedlings, modern farming techniques, and a stable income stream. Its platform coordinates cultivation and large-scale procurement to meet specifications set by major international FMCG and ingredients companies. Beyond food, the firm supplies seaweed for emerging applications such as biofertilizers, bioplastics, animal feed, and other bioproducts. By working closely with buyers, Banyu pre-defines species, quantities, and environmental and social standards to ensure consistent quality and traceability. The leadership team comprises CEO Dodon Yamin, CSO Anis Nur Aini, and President Commissioner Anthony Kwik. Newly raised capital will fund the establishment of a seedling cultivation laboratory and nursery while expanding farming and export operations. Although early in its lifecycle, the company aims to scale both upstream cultivation capacity and downstream global sales.

Led · Seed · Sep 2024

CarbonEthics is a Jakarta, Indonesia-based developer of tech-enabled natural climate solutions. It offers three core solutions: nature-based carbon projects that protect ecosystems to sequester carbon and safeguard biodiversity, tree planting focused on blue carbon ecosystem rehabilitation, and carbon consultancy providing ESG and policy advisory. The company partners with private companies, state-owned enterprises, government agencies, and NGOs, and counts clients including Allianz, Ernst & Young, and Danone. CarbonEthics has strategic partnerships with organizations such as Form International, the Indonesian Chamber of Commerce and Industry (KADIN), and Transjakarta. Led by CEO Bimo Soewadji, CIO Jessica Novia, and COO Innandya Kusumawardhani, the company plans to use new funding to expand operations and development efforts. Financially, it completed a US$2.1M Seed funding round led by Intudo Ventures with participation from strategic angel investors.

Participated · Series A · Jul 2024

Kargo Technologies operates a logistics marketplace that connects shippers and transportation providers across multiple modes (land, sea, air). The platform says it has more than 8,000 transportation networks across domestic and international markets, including over 15,000 truck-network listings and 1,500 trusted drivers. Kargo reports being used by more than 200 companies, including Orang Tua, Unilever, Nestle, Kino, and Danone. The company was founded in 2018 by CEO Tiger Fang and CTO Yodi Aditya. Management has described current penetration as roughly 1% of the total Indonesian logistics opportunity, which they estimate at a $250 billion market. The profile and metrics suggest the business is focused on expanding network density and customer adoption across Indonesia and beyond. Kargo runs a truck-hailing platform that aggregates Indonesia's fragmented haulage providers into a single online marketplace, enabling shippers to find nearby trucks with cargo space. The platform sources backhaul loads to reduce empty returns, helping trucks maximize revenue and distribute costs more efficiently. Users can track goods in real time via Kargo's app and website, improving traceability and accountability across routes. Indonesia's logistics market presents scale: close to seven million lorries operate across the archipelago and most hauliers run very small fleets, creating demand for digital aggregation. Kargo has secured an undisclosed investment from Amatil X and previously raised $7.6 million in seed capital in March 2019 from Sequoia Capital and 10100 Fund. The company is working with Coca-Cola Amatil to build out a transportation management system and already handles two land transportation routes for the bottler, with a joint team based at Cibitung to identify further collaboration.