How many investments has Indogen Capital made?

Indogen Capital has 22 tracked investments.

What stage does Indogen Capital invest at?

Indogen Capital invests at the Seed, Series A, Series B stages.

What is Indogen Capital's typical check size?

Indogen Capital typically writes checks of $2.7M – $65M.

What sectors does Indogen Capital focus on?

Indogen Capital focuses on Gaming, Sector Agnostic.

Where is Indogen Capital located?

Indogen Capital is headquartered in Jakarta, ID.

Who does Indogen Capital co-invest with?

Indogen Capital most often shares deals with AC Ventures, AppWorks Ventures, Capria Ventures, among 25 tracked co-investors.

Indogen Capital

Venture capital

Jakarta · Seed–Series B · 7 people tracked

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Investment thesis

Indogen Capital is a sector-agnostic venture capital investor focused on Southeast Asia, leveraging deep operating experience in the Indonesian market. The firm supports startups across their full lifecycle, aiming to build strong customer retention and durable long-term businesses. It positions its core value in fostering strategic collaboration through a robust ecosystem and network built alongside founders, limited partners, and corporates. Beyond investing, Indogen also acts as a deal-maker, having arranged the IPO for one of its portfolio companies, Venteny.

Invests inGamingSector AgnosticAsia-Pacific Indonesia Jakarta Singapore Taiwan

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Series B

Check

$2.7M – $65M

Jakarta, ID

Instruments

Equity

Tracked investments

Team · 7 people

from the firm's website

Chandra Firmanto· Managing Partner· Indonesiain

Chandra Firmanto is Managing Partner at IndoGen Capital, a venture capital firm he founded in Indonesia in 2016. He has held leadership positions across multiple sectors, including Chairman of PT Aneka Makmur Sejahtera since 2004, where he oversaw operations across 150+ branches and 3,500+ employees in automotive, hospitality, and real estate. Firmanto holds a Bachelor's degree in Entrepreneurship and Operations Management from the University of Southern California and has served in strategic and financial roles at several companies including PT Fortune Food Indonesia and Layaria.

Halim Hartono· Partner· Jakarta Metropolitan Areain

Halim Hartono is a Partner and Investor at Indogen Capital with prior experience at Microsoft and SAP. At Microsoft, he led go-to-market strategies and business development across ASEAN and Indonesia in business applications, low-code platforms, RPA, and ERP solutions. He has worked with a diverse portfolio of technology startups at Indogen Capital, ranging from early-stage companies to established ventures.

Hendry Willy· Partner· Jakarta Metropolitan Areain

Beatrix Lungidita D.· Principal· Jakarta Metropolitan Areain

Chresby Tolandang· Analyst - Fund Operation· Jakarta Metropolitan Areain

Desvalia· Senior Associate· Jakarta, Indonesiain

Desvalia is a Senior Associate for Investment & Portfolio at Indogen Capital, where she supports venture investments across multiple sectors through deal evaluation, due diligence, and post-investment portfolio support. She brings over seven years of prior experience in operations, project management, and business development, including work in market research, go-to-market execution, and product launches.

Jaison· Senior Associate· Jakarta, Indonesiain

Jaison is a venture capital investor with prior experience at Shopee and EY. He holds a Bachelor of Science in Financial Mathematics from The Ohio State University and has worked as a risk consultant in the consulting industry, with expertise in risk management and strategic planning.

What they invest in

from 18 of 22 portfolio companies

E-commerce ×7B2B Marketplaces ×6Logistics & Supply Chain ×6AgTech ×4Marketplaces ×4AI & Machine Learning ×3Enterprise Software ×3Fintech ×3

HQs:Indonesia×15Hong Kong×1

Who they back

founder profiles across 6 portfolio companies

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

Investments · 22 tracked

founders shown can be your intro path

AgriAkuagriaku.com in

AgriAku is a technology-enabled agricultural supplies distributor operating across Indonesia, connecting farmers and agricultural businesses with affordable inputs and materials on-demand through an integrated distribution network.

AgTechB2B MarketplacesE-commerceLogistics & Supply ChainIndonesia, ID

Co-investorsK3 Ventures Mandiri Capital Indonesia TNBAura Alpha JWC Ventures Alto Partners Argor Capital +4 more

Arunaaruna.id in 𝕏Jan 2022

Aruna is an Indonesian fisheries technology company that connects local fishermen to broader domestic and export markets through technology, and works to raise fishers' incomes while empowering coastal communities.

AgTechB2B MarketplacesE-commerceFoodTechImpact & Social GoodLogistics & Supply ChainJakarta, ID

Co-investorsAC Ventures Capria Ventures K3 Ventures Vertex Ventures Sea Management Pte. Ltd.Prosus Ventures SMDV

Carsomecarsome.id in

Carsome is a used car marketplace that conducts rapid vehicle inspections (30-45 minutes) with transparent pricing and provides a one-year warranty on engine, transmission, and AC.

B2B MarketplacesMarketplacesRetail TechJakarta, ID

Co-investors500 Startups Vietnam AC Ventures Emissary Capital

Delosaquadelosaqua.com

Delos Aqua farms and supplies king prawns sourced from Indonesia, positioning them as responsibly farmed seafood.

AgTechFoodTechJakarta, ID

Aris Noerhadi(Founder)

Co-investorsMandiri Capital Indonesia Alpha JWC Ventures iSeed Monk's Hill Ventures

Ekrutekrut.com

Matching tech talents with great tech opportunities

Co-investorsSkystar Capital Venturra East Ventures Prasetia Dwidharma

Evosevos.gg

EVOS is an esports organization that fields competitive teams in games such as Mobile Legends and Free Fire, participating in tournaments including the World Championships and Free Fire Mobile League.

GamingMedia & EntertainmentSports Tech

Fresh Factoryfreshfactory.id in

Fresh Factory operates a network of temperature-controlled fulfillment centers with logistics and software to help businesses that sell perishable goods store, pick, pack, and deliver products to consumers.

Enterprise SoftwareLogistics & Supply ChainJakarta, ID

Larry Ridwan(Founder)inWidijastoro Nugroho(Founder)in

Co-investorsSBI Ven Capital Y Combinator East Ventures

Fundparkfundpark.com

FundPark provides working capital financing to cross-border e-commerce sellers using an AI-driven credit model that predicts future funding needs.

AI & Machine LearningE-commerceFintechHong Kong, HK

Anson Suen(Founder)Henry Mok(Founder)

Gokomodogokomodo.com in

GokoBiz is a B2B procurement platform that connects corporate buyers with verified agricultural product suppliers across Indonesia.

AgTechB2B MarketplacesE-commerceLogistics & Supply ChainSaaSJakarta, ID

Co-investorsK3 Ventures East Ventures

GoWorkgo-work.com

GoWork operates a network of premium and flexible workspaces including private offices, coworking areas, dedicated desks, meeting rooms, and virtual offices for businesses and teams.

Future of WorkPropTech

Co-investorsAC Ventures Capria Ventures Gobi Partners

Hijuphijup.com

HijUp is an online marketplace for Muslim fashion, offering clothing and accessories from a range of brands, including its own HijUp Exclusive line.

ConsumerE-commerceMarketplacesRetail Tech

Akli DjumadieBima LestariDiajeng LestariGena BijaksanaPahlevi Auliya

Co-investors500 Global Skystar Capital

iSellerisellercommerce.com in

iSeller is a point-of-sale and e-commerce platform that lets businesses sell both in-store and online, with features for inventory management and accepting multiple payment types.

E-commerceRetail TechSaaSIndonesia, ID

Co-investorsAppWorks Ventures Intudo Ventures Openspace Ventures

Jejakinjejakin.com

Jejakin provides software and data infrastructure for organizations to measure emissions, run carbon accounting, and monitor nature-based projects such as reforestation using IoT sensors, satellite and drone imaging, and analytics.

AI & Machine LearningCleantechClimate TechJakarta, ID

Arfan Arlanda(Founder)

Kitaluluskitalulus.com 𝕏

Kitalulus is a job listing and company directory platform operating in Indonesia that helps users search for employment opportunities and browse companies across various sectors.

B2B MarketplacesFuture of WorkHR TechMarketplaces

Co-investorsRocketship.vc

Lunadoriilunadorii.asia

Nusamarinnusamarin.com

Nusamarin provides capital, cold-chain logistics, data intelligence, and compliance infrastructure for Indonesia's seafood export sector, serving SME fisheries exporters through an asset-light model of contracted HACCP-certified facilities.

FintechImpact & Social GoodLogistics & Supply Chain

Qoalaqoala.app

Qoala is an online insurance platform that lets consumers compare and buy insurance products, including health, life, and car insurance.

ConsumerFintechInsurTech

Harshet Lunani(Founder & CEO)

Co-investorsAppWorks Ventures Mandiri Capital Indonesia STRIVE AppWorks Eurazeo Flourish Ventures +6 more

Rekosistemrekosistem.com

Indonesian climate-tech company operating waste collection, drop-off and material recovery infrastructure for households and businesses.

Ernest Christian Layman(Founder)in

Co-investorsAppWorks Ventures Skystar Capital

Shippershipper.id in 𝕏

Shipper provides end-to-end logistics solutions and digital infrastructure for e-commerce and businesses in Indonesia and Southeast Asia, including freight forwarding, fulfillment, and supply chain financing.

B2B MarketplacesE-commerceEnterprise SoftwareLogistics & Supply ChainJakarta, ID

Budi Handoko(Founder)inPhil Opamuratawongse(Founder)in

BoardArjun Chopra(Director)inYinglan Tan(Director)inBanafsheh Fathieh(Director)

Co-investorsAC Ventures Alter Global Capria Ventures Floodgate Gold House Ventures Insignia Ventures Partners +2 more

Traveliotravelio.com in 𝕏

Travelio appears to operate a property rental and accommodation booking service in Indonesia, based on a booking modification and refund policy notice.

MarketplacesPropTechTravel & Hospitality

Christina Suriadjaja(Founder)in

Co-investors500 Global AppWorks Ventures Gobi Partners Insignia Ventures Partners Vynn Capital

Ventenyventeny.com

Portfolio startup for which Indogen fully arranged the IPO.

Co-investorsKK Fund

Volantisvolantis.io

Volantis provides a modular, on-premise AI infrastructure platform that connects enterprise data sources, unifies data, and orchestrates AI agents to deploy production AI applications such as document processing, risk assessment, and citizen services.

AI & Machine LearningData & InfrastructureEnterprise Software

Portfolio news

latest coverage across their companies

Shipper - Raise - find a more meaningful working experience

Shipper · raise.jobs · Jul 7, 2026

Promising Prospects: Fresh Factory B.C And 2 More TSX Penny Stocks - Simply Wall St News

Fresh Factory · simplywall.st · Jun 26, 2026

Indonesia’s AgriAku secures new capital amid business realignment

AgriAku · dealstreetasia.com · Jun 2, 2026

Aruna Project Run raises money and awareness of sex trafficking victims

Aruna · local12.com · Sep 1, 2025

Frequently asked questions

How many investments has Indogen Capital made?: Indogen Capital has 22 tracked investments.
What stage does Indogen Capital invest at?: Indogen Capital invests at the Seed, Series A, Series B stages.
What is Indogen Capital's typical check size?: Indogen Capital typically writes checks of $2.7M – $65M.
What sectors does Indogen Capital focus on?: Indogen Capital focuses on Gaming, Sector Agnostic.
Where is Indogen Capital located?: Indogen Capital is headquartered in Jakarta, ID.
Who does Indogen Capital co-invest with?: Indogen Capital most often shares deals with AC Ventures, AppWorks Ventures, Capria Ventures, among 25 tracked co-investors.

Media · Podcasts & interviews

featuring the team

CARA CEPAT MENDAPATKAN FUNDRAISING START UP || Chandra Firmanto - Indogen Capital

Endang Wasiati Wierono · Chandra Firmanto

VC Talks Bersama Chandra Firmanto - IndoGen Capital

DailySocial TV · Chandra Firmanto

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