/Investor DB

ATM Capital

Venture capital

Jakarta · Seed–Growth · 1 people tracked

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Investment thesis

ATM Capital targets historic regional economic opportunities in Southeast Asia and global emerging markets, backing Chinese entrepreneurs going overseas to build world-leading companies. Its team comes from firms such as Alibaba, Ant Group, Tencent, CDH and Huawei, combining investment, entrepreneurship and corporate management experience. The fund concentrates on three major growth areas: e-commerce and its supporting infrastructure, consumer retail and consumer technology, and artificial intelligence and robotics. It provides long-term support to founders, aiming to help portfolio companies become the next multi-billion-dollar market-cap enterprises while contributing to regional development.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
HQ
Jakarta, ID
Instruments
Equity
Founded
2017
AUM
$1B
Tracked investments
12
Unicorns
1
IPOs
2

Team · 1 people

from public directories

What they invest in

from 6 of 12 portfolio companies

Consumer ×2Enterprise Software ×2Fintech ×2AI & Machine Learning ×1Cloud Computing ×1Direct to Consumer ×1Hardware ×1InsurTech ×1

HQs:Indonesia×3Sweden×1Singapore×1

Investments · 12 tracked

founders shown can be your intro path
Tuyatuya.comin𝕏NYSE: TUYA

Tuya's LLM solution provides integrated AI services and customizable AI Copilot development tools that let businesses build, deploy, and evaluate large language models across sectors including real estate, healthcare, retail, and manufacturing.

AI & Machine LearningCloud ComputingEnterprise SoftwareHardwareIoT

Wang Xueji(Founder)

Co-investorsNew Enterprise Associates (NEA)Qiming Venture PartnersVision Plus CapitalHongShan Capital Group

Waterdrop Incwaterdrop-inc.comNYSE: WDH

Insurance platform (NYSE: WDH)

Co-investorsZhenFundBoyu CapitalGaorong CapitalGaorong Ventures

DeTechtdetechtapp.comin✓ verified

Detecht develops a mobile app designed for motorcycle riders, offering features tailored to their riding experience and community.

ConsumerMobility & TransportationSector AgnosticSocialGothenburg, SE

Co-investorsChalmers Ventures ABAlmi Invest

Aspireaspireapp.comin𝕏Seed

Aspire provides corporate account and card solutions for businesses with complex operations, offering relationship management and an online platform for employee spending oversight.

Enterprise SoftwareFintechSaaSSingapore, SG

Andrea Baronchelli(CEO)inGiovanni Casinelli(Founder)inGiacomo Ficari(Founder/Co-CEO)inJoel Leong(Founder)inSG Andrea Baronchelli(Founder/CEO)Stefano Pellegrino(Co-Founder (former Vietnam country head))in

Co-investorsBeacon VCCrane Venture PartnersHummingbird VenturesInsignia Ventures PartnersLightspeed Venture PartnersPICUS CAPITAL+28 more

Lifepallifepal.co.idin𝕏

Lifepal is an online insurance marketplace that acts as an intermediary between customers and insurance companies, offering objective guidance and comparison to help individuals choose insurance policies that fit their budget and needs.

FintechInsurTechMarketplaces

Co-investorsPruVen Capital PartnersCathay InnovationHustle FundInsignia Ventures Partners

MAKUKUmakuku.co.id𝕏

MAKUKU is a baby care brand offering diapers and skincare products for infants, aimed at mothers supporting their children from pregnancy through active play.

ConsumerDirect to Consumer

Reworkrework.idSep 2017

Rework runs co-working facilities in Indonesia for entrepreneurs, startups and small companies.

PropTech

Adrian LiVanessa HendriadiDonny TandianusRichard Li

Co-investors500 GlobalConvergence Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

JoyiceTOMORO COFFEEY.O.UYIMI Cargo极兔 (J&T Express)

Exits · 2

2 IPOs

TuyaNYSE: TUYAWaterdrop IncNYSE: WDH

Frequently asked questions

How many investments has ATM Capital made?
ATM Capital has 12 tracked investments, 2 of which have exited.
What stage does ATM Capital invest at?
ATM Capital invests at the Seed, Series A, Series B, Series C, Growth stages.
What sectors does ATM Capital focus on?
ATM Capital focuses on AI & Machine Learning, Consumer, E-commerce, EdTech, Fintech, FoodTech, Logistics & Supply Chain, Mobility & Transportation, Retail Tech, Robotics.
Where is ATM Capital located?
ATM Capital is headquartered in Jakarta, ID.
Who does ATM Capital co-invest with?
ATM Capital most often shares deals with HongShan Capital Group, Hundreds Capital, New Enterprise Associates (NEA), among 6 tracked co-investors.

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