Led · Seed · Jan 2025

Bythen provides a platform for users to produce creative content, livestream, and transform personalized characters into AI-powered digital twins called “Bytes.” The product democratizes access for creators globally to become virtual influencers by leveraging AI-driven content generation and automated engagement. It operates on a revenue-sharing model that channels earnings back to its creator community, creating an ecosystem that shares growth with users. The company plans to use the new funding to expand operations and accelerate product development. Bythen was founded in 2024 and is headquartered in Jakarta, Indonesia. The platform targets continuous, 24/7 social media engagement through its AI automation tools.

Participated · Series A · Jan 2024

Komunal operates two business lines: DepositoBPR by Komunal and Komunal P2P Lending. DepositoBPR enables Indonesian residents to make digital deposits in rural banks at government‑guaranteed deposit rates without visiting branches. Komunal P2P Lending connects local micro, small and medium enterprises with lenders able to provide loans. The company announced completion of a $5.5M A+ financing round. The financing was described in the article but no revenue or user metrics were provided. The article focuses on the product offerings and the recently closed A+ round. Komunal digitizes Indonesia's rural banks (BPRs) through its DepositoBPR platform, enabling users to make deposits and apply for loans digitally without visiting physical branches. It also operates a peer-to-peer lending platform that connects MSMEs with lenders. The startup partners with more than 220 banks in tier 2 and tier 3 cities across 19 provinces and was founded in 2019 in Surabaya, East Java. In 2022 its platform channeled IDR 3.6 billion (about $230 million) in deposits and loans, a 350% year-over-year increase from $50 million in 2021, and it expects transaction volume to exceed $500 million this year. Komunal has recorded positive EBITDA since October 2022. Its DepositoBPR app lets customers choose rural banks and deposit products, create virtual accounts, transfer funds, and access government-guaranteed deposits with higher interest rates.

Participated · Series A · Dec 2023

Klinik Pintar is a medical services provider that offers vaccinations, COVID testing, home-visit services, and telemedicine. The company serves users with a range of clinical and remote-care offerings. Recently it announced an oversubscribed financing round, signaling investor interest in its model. Klinik Pintar secured $5 million in an A1 financing round. The round was led by Altara Ventures with participation from Infocom and existing backers Golden Gate Ventures, Skystar Capital, and Venturra. No operating metrics, location, or founding year were disclosed in the article.

Participated · Seed · Jul 2023

Maka Motors develops electric two-wheeled vehicles tailored to Indonesian riding conditions. The founders, former Gojek employees Raditya Wibowo (CEO) and Arief Fadillah (CTO), began in-house EV development last year. The company will start deploying pilot vehicles this month and aims to mass produce two-wheeled EVs by late 2024. The $37.6M seed will fund continued R&D and the construction of a factory in West Java beginning later in 2023. Maka emphasizes a blend of driving range, power, usability and durability at competitive prices to replace gasoline motorcycles. The team is roughly 40 people, including hires from gasoline motorcycle manufacturers and global automotive firms.

Participated · Series B · Dec 2022

Paper.id provides a SaaS platform for invoicing, accounting and inventory management that enables entrepreneurs to create and send invoices, manage order-to-pay processes, and generate reports with digital payments integrations. The product also includes supply-chain analysis driven by graph node analysis and machine learning to streamline workflows. It targets Indonesian small and midsize enterprises that remain heavily dependent on manual methods. Founded in 2016 and based in Jakarta, Paper.id aims to digitize millions of Indonesian SMEs. In December 2022 the company raised $12 million in a Series B to grow its product and expand reach. Investors in the round included Go-Ventures, Skystar Capital, Living Lab Ventures (Sinar Mas Land), BM Capital, and Redbadge Pacific.