
SMDV
Jl. Riau No. 1, Jakarta, Jakarta Raya, 10350, Indonesia
Overview
SMDV is a tech-focused Venture Capital that partners with entrepreneurs building exceptional technology companies that aim to change the landscape in Indonesia and the region by providing venture investments, strategic network, and mentorship.
- Total investments
- 29
- Lead investments
- 7
- Investments · 12mo
- 1
- Active investors
- 1
Sector focus
- FinTech
- Venture Capital
Investment portfolio
- Amity Solutions
Participated · Series D · Mar 2026
Amity Solutions develops enterprise software and industry-specific (“vertical”) AI models and is investing in agentic AI systems to automate business processes for sectors such as retail and telecom. The company is expanding its AI Research & Application Center (ARAC) with a new hub in Singapore to centralize AI research, product development and deployment. Amity reported annualised revenue surpassed $100 million in 2025, having grown more than tenfold since 2022, and said over 75% of its EBITDA is generated from its European operations. Management is targeting $200 million in annualised revenue by 2026 and preparing for an initial public offering in 2027. The company plans to use recent funding for product and capability expansion, acquisitions, go-to-market scaling and hiring. Past financing includes a combined $60 million Series C in 2024, a Series B around $19 million in 2018 and a $5.7 million Series A in 2015.
- Jejakin
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.
- Gravel
Participated · Equity · Dec 2023
Gravel operates a multi-feature app that connects construction projects with vetted daily workers, lump-sum contractors, on-demand home maintenance, and materials ordering. The platform includes personalized job feeds, skill assessments, training, and real-time project analysis to track progress and resources. Gravel reports 45x revenue growth between 2020 and 2022, hosts 1.7 million workers, and has been used on 6,000 projects across 20 Indonesian provinces, including large infrastructure and stadium projects. Workers are paid within 24 hours via Gravel’s payment system and receive access to training, loyalty programs, and wellbeing support. The company plans to build predictive models for monitoring construction progress and to expand into international markets. Gravel will use its new funding to support business expansion.
- Jala Tech
Participated · Series A · Nov 2023
Founded in 2017 in Yogyakarta, Indonesia, Jala offers a comprehensive digital ecosystem for shrimp farmers, combining real-time aquaculture data analytics, connected farm equipment, operational assistance, financing, input supplies, and a harvest marketplace. Its flagship Jala App is used by more than 20,000 farmers and has monitored over 15,700 tons of shrimp across more than 35,300 ponds. The platform has facilitated the harvesting of over 9,900 tons of shrimp, underscoring measurable impact on farm output and efficiency. By integrating data-driven insights with financial and supply-chain support, Jala aims to raise farm productivity while promoting sustainable practices. The company positions itself as a one-stop solution, reducing inefficiencies that traditionally challenge the shrimp industry. With its newly raised capital, Jala plans to expand operations throughout Sumatera, Sulawesi, and Nusa Tenggara, broadening its national footprint. The focus on scaling suggests continued investment in technology infrastructure and farmer onboarding to drive user growth and transaction volume.
- Praktis
Participated · Series A · May 2023
Praktis operates an end-to-end platform that manages raw material purchases, production, fulfillment and logistics for D2C brands and suppliers. The platform aggregates purchasing and processing to deliver economies of scale, allowing brands to focus on marketing and brand building. Praktis began in fashion before expanding into the beauty industry and says its ecosystem can be applied to other verticals. The company reported rapid growth—12x year-over-year from 2020 to 2021 and 4x year-over-year from 2021 to 2022—as the pandemic accelerated adoption of its services. Praktis will use the new funding for technology development for both brands and suppliers, hiring, and expanding its end-to-end supply-chain ecosystem. The company appointed Leonard Pontoh as chief financial officer (joining the board) and is led by co-founder and CEO Adrian Gilrandy.
Team
Roderick Purwana
Managing Partner
LinkedIn