Series A is the hard jump in Jakarta. Funds want real revenue and a clear path. Here are 13 Series A investors backing Indonesian startups in 2026.
Series A money is scarce right now, and funds back proven traction over promise. Most of the big cheques still come from abroad, with Singapore-based funds leading many of the rounds.
Late and growth rounds soak up most of the available capital, so the Series A bar keeps rising each year. To stand out, you need sharp metrics and clean files that hold up under scrutiny.
That is where Ellty helps, putting all your data behind one tracked link. You see exactly who studies your numbers before you walk into the room.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Openspace Ventures | Pan-SEA growth VC | ~US$5M-$25M+ | Fintech, auto, logistics, health | openspace.vc |
| Granite Asia | PE-VC crossover | ~US$5M-$30M+ | Tech, logistics, agritech, consumer | graniteasia.com |
| Square Peg | Pan-APAC growth VC | ~US$10M-$15M | Fintech, marketplaces, SaaS, AI | squarepeg.vc |
| Insignia Ventures Partners | Pan-SEA VC | ~US$5M-$10M | Fintech, consumer, F&B, AI | insignia.vc |
| Clay Capital | Food and agri VC | ~US$3M-$10M | Agritech, food, consumer | claycapital.vc |
| AC Ventures | Indonesia-focused VC | ~US$2M-$10M | Fintech, logistics, consumer, climate | acv.vc |
| East Ventures | Sector-agnostic VC | ~US$1M-$10M+ | Sector-agnostic, fintech, AI | east.vc |
| Vertex Ventures SEA & India | Pan-SEA VC | ~US$5M-$25M | Consumer, fintech, health, enterprise | vertexventures.sg |
| Alpha JWC Ventures | Early-to-growth VC | ~US$5M-$20M | Consumer, enterprise, fintech | alphajwc.com |
| Intudo Ventures | Indonesia-only VC | ~US$5M-$15M | Consumer, deep tech, aquaculture | intudovc.com |
| Quona Capital | Global fintech VC | ~US$5M-$15M | Fintech, financial inclusion | quona.com |
| TNB Aura | Pan-SEA VC | ~US$3M-$10M | Consumer, agritech, deep tech | tnbaura.vc |
| Flourish Ventures | Global fintech VC | ~US$3M-$10M | Fintech, financial inclusion | flourishventures.com |
Run your Series A from one data room
Series A funds dig deep before they commit. Ellty shows who opened your numbers so you chase the keen ones first.
Start free 14-day trialWhat a Series A investor backs
They want real revenue and steady growth, with traction that is clear and easy to verify. They lead rounds and take a board seat, backing companies that are ready to scale rather than ideas on a slide.
Strong metrics are what win the first meeting, and a sharp pitch deck opens the doors that follow. The numbers have to tell a story a partner can repeat to their own committee.
Ellty gives each fund one tracked link to your materials, so the process stays tidy as interest builds. You see who actually studies your numbers and how deeply they go.
Series A to C rounds captured about 80% of Indonesia's startup capital in 2025.
13 Jakarta Series A investors
1. Openspace Ventures
Openspace leads growth rounds across SEA.
Recent Activity: Led Broom's US$25M Series A+ in 2024
LinkedIn: Openspace Ventures LinkedIn
Sector Focus: Fintech, auto, logistics, health
Stage Focus: Series A, A-to-B
Check Size: ~US$5M-$25M+
Location: Singapore, Indonesia-active
Website: openspace.vc
2. Granite Asia
Granite Asia writes large crossover cheques.
Recent Activity: Led Chickin's US$20M round in 2024
Sector Focus: Tech, logistics, agritech, consumer
Stage Focus: Series A+, growth
Check Size: ~US$5M-$30M+
Location: Singapore
Website: graniteasia.com
3. Square Peg
Square Peg backs growth-stage tech in Asia.
Recent Activity: Led Pintarnya's US$16.7M Series A
Sector Focus: Fintech, marketplaces, SaaS, AI
Stage Focus: Series A, growth
Check Size: ~US$10M-$15M
Location: Sydney and Singapore
Website: squarepeg.vc
4. Insignia Ventures Partners
Insignia backs founders from seed to Series A.
Recent Activity: Led Se'Indonesia's 2025 Series A
Sector Focus: Fintech, consumer, F&B, AI
Stage Focus: Seed to Series A
Check Size: ~US$5M-$10M
Location: Singapore, Indonesia-active
Website: insignia.vc
5. Clay Capital
Clay Capital backs food and agri startups.
Recent Activity: Led Eratani's US$6.2M Series A in 2025
LinkedIn: Clay Capital LinkedIn
Sector Focus: Agritech, food, consumer
Stage Focus: Seed to Series C
Check Size: ~US$3M-$10M
Location: Singapore, Indonesia-active
Website: claycapital.vc
6. AC Ventures
AC Ventures leans toward Series A deals now.
Recent Activity: Backed Broom's 2024 Series A+ round
Sector Focus: Fintech, logistics, consumer, climate
Stage Focus: Seed to Series A
Check Size: ~US$2M-$10M
Location: Jakarta and Singapore
Website: acv.vc
Give each fund one trackable link
Ellty logs when a fund opens your data room. Follow up while the interest is still warm.
Start free 14-day trial7. East Ventures
East Ventures backs SEA from seed to growth.
Recent Activity: Backed Chickin and Pintarnya in 2024
LinkedIn: East Ventures LinkedIn
Sector Focus: Sector-agnostic, fintech, AI
Stage Focus: Pre-seed to growth
Check Size: ~US$1M-$10M+
Location: Jakarta (and Tokyo)
Website: east.vc
8. Vertex Ventures SEA & India
Vertex backs early and growth-stage tech.
Recent Activity: Backed Pintarnya's 2025 Series A
LinkedIn: Vertex Ventures LinkedIn
Sector Focus: Consumer, fintech, health, enterprise
Stage Focus: Seed to Series A
Check Size: ~US$5M-$25M
Location: Singapore
Website: vertexventures.sg
9. Alpha JWC Ventures
Alpha JWC is the region's largest early fund.
Recent Activity: Led Bumame's 2025 early round
Sector Focus: Consumer, enterprise, fintech
Stage Focus: Pre-seed to Series B
Check Size: ~US$5M-$20M
Location: Jakarta and Singapore
Website: alphajwc.com
10. Intudo Ventures
Intudo invests only in Indonesian founders.
Recent Activity: Deploying its US$125M fourth fund
Sector Focus: Consumer, deep tech, aquaculture
Stage Focus: Series A
Check Size: ~US$5M-$15M
Location: Jakarta, Indonesia-only
Website: intudovc.com
11. Quona Capital
Quona backs fintech for the underserved.
Recent Activity: Backed Broom's 2024 Series A+ round
Sector Focus: Fintech, financial inclusion
Stage Focus: Series A, growth
Check Size: ~US$5M-$15M
Location: Washington DC, USA
Website: quona.com
12. TNB Aura
TNB Aura backs early-stage SEA startups.
Recent Activity: Backed Eratani's 2025 Series A
Sector Focus: Consumer, agritech, deep tech
Stage Focus: Seed to Series A
Check Size: ~US$3M-$10M
Location: Singapore
Website: tnbaura.vc
13. Flourish Ventures
Flourish backs fintech for financial health.
Recent Activity: Backed Ringkas's 2025 early round
Sector Focus: Fintech, financial inclusion
Stage Focus: Seed to Series A
Check Size: ~US$3M-$10M
Location: San Francisco, USA
Website: flourishventures.com
Why foreign funds lead rounds
Most of the big Series A funds sit abroad, and Singapore is the main base for the region. They still lead a large share of Indonesian rounds, and some keep dedicated teams on the ground in Jakarta.
It pays to pitch them with a global lens, framing the market beyond Indonesia's borders. For a closer look at one sector, see our fintech investors guide too.
Ellty lets you share materials across borders without losing the thread. You track every open in one place, no matter which time zone the fund sits in.
How to clear the Series A bar
Show strong revenue and retention, and prove that the model scales beyond your first market. Bring clean books to the table and run tight due diligence prep before anyone asks for it.
Investors dig deep before they commit, so the answers should already be in the room. Keep all your documents in one virtual data room where nothing goes missing.
Ellty logs who reads your numbers and how long they linger on each page. For a related sector view, see our ecommerce investors guide.
Running a Series A in Jakarta
Line up several funds at once, and let a lead investor set the terms for the round. Track interest with document analytics so you can tell who is genuinely serious.
Control access carefully as you scale outreach to more funds. Use granular permissions on files so each party sees only what they should.
Ellty shows every read live as it happens across your deck and data room. That lets you time each follow-up while the interest is still fresh.
How to pitch a Series A investor
Lead with revenue and growth.
- 1.Lead with revenue and growth.Open with the numbers that prove demand is real, not projected. Show the model scales and that each new market makes the last one look small.
- 2.Prove strong unit economics.Walk through margins, payback, and retention so the math holds up on its own. Back every claim with real data a partner can verify in your data room.
- 3.Name your raise and your plan.State the amount you are raising and exactly where it goes. Show a clear path up and to the next round, with milestones tied to each dollar.
- 4.Send one Ellty link to your data.Share a single tracked link instead of scattered files and email threads. See who digs in deep so you know which funds to chase first.
How Ellty helps you land a Series A investor in Jakarta
You have your Jakarta Series A list ready. Set up a data room before the first call.
- 1.Upload your deck, metrics, and books.Set access per fund.
- 2.Share one trackable link per fund.Each fund gets a unique link.
- 3.Watch opens and reply on time.Use analytics to time each nudge.
Jakarta Series A investor questions
- Pan-SEA and global funds. Many sit in Singapore.
- Often US$5M to US$25M. Big tickets are rising.
- Real revenue and clean growth. Proof the model scales.
- Funding fell hard through 2025. But big rounds still close.
- A few do, like Intudo and AC. Most leads come from abroad.
- Before your first Series A call. Track who opens your numbers.
