How many investments has Intudo Ventures made?

Intudo Ventures has 40 tracked investments, including 3 dated in the last 24 months.

What stage does Intudo Ventures invest at?

Intudo Ventures invests at the Seed, Series A, Series B stages.

What is Intudo Ventures's typical check size?

Intudo Ventures typically writes checks of $1M – $25M.

Where is Intudo Ventures located?

Intudo Ventures is headquartered in Jakarta, ID.

Does Intudo Ventures lead rounds?

Intudo Ventures typically participates in rounds rather than leading them.

Who does Intudo Ventures co-invest with?

Intudo Ventures most often shares deals with 500 Global, AC Ventures, AppWorks Ventures, among 55 tracked co-investors.

Intudo Ventures

Venture capital

Jakarta · Seed–Series B · 11 people tracked

Also known as Intudo · IVM GROUP, LLC

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Investment thesis

Intudo Ventures invests exclusively in Indonesia, marrying Silicon Valley experience with deep local networks and cultural familiarity. The firm is backed by more than 30 Indonesian family conglomerates as LPs. It pursues a concentrated, high-conviction strategy, making a small number of carefully selected bets supported by rigorous due diligence. Intudo emphasizes full support for its founders and their teams, and aims to nurture talented Indonesians to strengthen the country's local digital ecosystem.

Invests inAgTech Consumer Crypto & Web3 EdTech Enterprise Software Fintech Marketplaces Media & Entertainment Retail Tech Asia-Pacific Fremont Indonesia Jakarta

Source: firm website, verified Sep 29, 2026.

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Stage

Seed–Series B

Check

$1M – $25M

Jakarta, ID

Leads rounds

Follows

Instruments

Equity

Founded

2017

AUM

$350M

VC funds

Tracked investments

Unicorns

Team · 11 people

from the firm's website & public directories

Eddy Chan· Founding Partner· San Francisco Bay Areain

Co-founder of Intudo who has worked on venture investments since the late 1990s, including in PayPal, Palantir and Affirm, and previously founded technology companies, practiced corporate/M&A law and worked as an investment banker. Holds a J.D. from Georgetown University Law Center and a B.S. from UC Berkeley's Haas School of Business.

eddy@intudovc.com

Patrick Yip· Founding Partner· Indonesiain

Co-founder of Intudo who previously was Managing Director of Indonesian PE firm GSW, the local partner for Goldman Sachs Investment Partners, and held roles at CP Prima, UBS, GE Capital and Morgan Stanley. Holds an MBA from Babson College and a B.S.B.A. in Finance from Boston University.

patrick@intudovc.com

Ashley Suhalim· Principal· Indonesiain

Joined Intudo in 2018; previously worked at Indonesian boutique investment firm Syailendra Group in its Fund Development and Distribution division and executed a seed round deal. Holds a Bachelor of Commerce from the University of Melbourne.

Dhanika Kamaruddin· Investment Manager· Indonesiain

Prior to Intudo, worked in brand development at Unilever Europe and as an Innovation Brand Manager at Diageo in Indonesia. Holds an MSc in Marketing Management and a BSc in Business Administration from Erasmus University Rotterdam.

Tiffany Priosoetanto-Masrin· Principal· Jakarta Metropolitan Areain

Tiffany Priosoetanto-Masrin served as Principal at Intudo Ventures from 2020 to 2025, where she managed limited partner relationships across the U.S., Europe, and Asia and advised portfolio companies on cross-border market expansion during a period in which the firm's AUM grew from $50M to $350M. She also founded The Core Volleyball, growing it to over 300 participants with partners including ASICS and collaborations in Japan. Earlier roles included work on Indonesia's mentor-entrepreneur program at Endeavor, product management at CBS Interactive in New York, and campaign management at Epsilon in Chicago.

Ariel Wibowo· Investment Manager· Indonesiain

Prior to Intudo, attended Loyola Marymount University and interned in risk analytics at Danakini, a Jakarta-based OJK-licensed fintech company, working with fintech enablers across e-KYC, AI-based background checks and financial infrastructure.

ariel@intudovc.com

Gibran Ibrahim· Investment Manager· Indonesiain

Joined Intudo in 2021; previously a summer analyst at regional PE group TAEL Partners covering Indonesian agribusiness, healthcare and urban sustainability. Holds an MSc in Investment Management from Imperial College Business School and a BSc from Warwick University.

gibran@intudovc.com

Isaura Tjhiater· Principal· Indonesiain

Joined Intudo in 2019; began her career at KPMG Indonesia as a Financial Risk Consultant and later joined its Fintech Management Consulting team. Holds a B.A. in Statistics and Political Science from UC Davis.

isaura@intudovc.com

Inca Camilla· Investment Associate· Jakarta, Indonesiain

Prior to Intudo, was a Manager at PwC's Economics and Policy Advisory team, developing business cases for public infrastructure projects. Holds an MSc in Economics from the University of Edinburgh and a BSc in Economics from the University of Sussex.

Michelle Anggadjaja· Investor· Indonesiain

Prior to Intudo, was a Corporate Strategy Associate in Deloitte Indonesia's M&A group and a Research Associate at PitchBook. Holds a B.B.A. from Seattle University's Albers School of Business and Economics.

Syafi Hakim· Marketing Communications· Jakarta, Indonesiain

Prior to Intudo, held account management roles at ByteDance and Lazada Indonesia and served as Head of Corporate Communications at FAB Indonesia. Holds a BSc in Management from Institut Teknologi Bandung.

What they invest in

from 27 of 40 portfolio companies

Fintech ×9FoodTech ×7SaaS ×7Consumer ×5B2B Marketplaces ×4Enterprise Software ×4AgTech ×3AI & Machine Learning ×3

HQs:Indonesia×19Singapore×2Hong Kong×1South Korea×1United States×1

Who they back

founder profiles across 15 portfolio companies

33%

solo founders

5 of 15 mapped founding teams

15%

repeat founders

of 20 founders with career history

Founding team size:solo founder×52 founders×33 founders×24+ founders×5

Where their founders studiedfrom 19 founders with education data

University of California, Berkeley ×5Universitas Gadjah Mada ×2

What their founders studiedfrom 21 founders with field-of-study data

Computer Science ×8Economics ×4Finance & Accounting ×3Business & Management ×2Engineering ×2Politics & Policy ×2

Where their founders worked beforefrom 20 founders with career history

Goldman Sachs ×3Citadel LLC ×2EMQ Inc. ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

2 founders hold a PhD · 4 hold an MBA (of 24 with degree data)

Investments · 40 tracked

founders shown can be your intro path

By year:2025 · 3 2024 · 1 2023 · 6 2022 · 4 2020 · 4 2018 · 220 dated

Alamialamisharia.co.id inOct 2023

Alamisharia is an Islamic peer-to-peer lending platform that connects borrowers and lenders through a Sharia-compliant mobile application.

Fintech

Co-investorsAC Ventures Agaeti Ventures Capria Ventures

Artotelartotelgroup.com

Artotel Group operates a portfolio of hospitality brands designed to deliver creative and memorable travel experiences globally.

ConsumerTravel & HospitalityWellness & Fitness

Co-investorsLiving Lab Ventures

Banyubanyu.farmSeed · Jan 2025 · $1M

Banyu supplies Eucheuma Spinosum, a carrageenan-rich seaweed harvested in Indonesia and sold as raw material for food, cosmetics, and pharmaceutical processing.

AgTechBiotechClimate TechFoodTechNew Materials

Carbon Ethicscarbonethics.co inSeed · Sep 2024 · $2M

CarbonEthics develops nature-based carbon projects focused on ecosystem restoration, particularly in blue carbon environments, combining climate finance with regulatory expertise to generate high-integrity carbon credits.

CleantechClimate TechImpact & Social GoodUnknown from page, ID

Co-investorsSpiral Ventures

Coldspacecoldspace.id inMay 2023 · $3.8M

Coldspace is an integrated cold chain logistics company providing temperature-controlled storage, linehaul reefer transport, hyperlocal fulfilment, and end-to-end supply chain services for B2B and B2C clients.

FoodTechLogistics & Supply ChainJakarta, ID

Ivan Liadi, PhD(Founder)in

Co-investorsTriputra Group

Common Groundscommongrounds.co.id

Common Grounds operates a chain of cafes serving specialty coffee, fresh food, all-day dishes, pastries, and cocktails.

ConsumerE-commerceFoodTechJakarta, ID

Daily Codailyco.com

Multi-brand food & beverage company offering affordable meals across multiple cuisines.

Co-investorsVertex Ventures Sea Management Pte. Ltd.

DailyCodaily.co.id in

DailyCo is Indonesia's multi-brand food and beverage platform that owns and operates a portfolio of restaurants and food brands across hundreds of outlets.

B2B MarketplacesFoodTechJakarta, ID

Kelvin Subowo(Founder & CEO)in

Co-investorsQuest Ventures Vertex Ventures Sea Management Pte. Ltd.

Delmandelman.io in 𝕏Seed · Jun 2020 · $2M

Delman offers a self-service analytics platform that generates interactive, customizable dashboards with real-time data from sales, marketing, operations, or finance datasets.

AI & Machine LearningData & InfrastructureDeep TechEnterprise SoftwareHealthtechSaaSJakarta, ID

Raymond Christopher Sitorus(Founder)in Surya Halim(Co-founder)inTheo Budiyanto(Co-founder)in Raymond Christopher(Co-founder)in

Elevarmelevarm.com inSeed · Mar 2025 · $4M

Elevarm is an upstream-focused agri-tech company that produces organic fertilizers, seedlings, and biologicals and offers services including soil testing (Klinik Tani), a farming productivity app with financing and land monitoring, and an agri-commodities trading platform (PasarAgri).

AgTechB2B MarketplacesImpact & Social Good

Febi Agil Ifdillah(Founder)in Bayu Syerli(Founder)inBayu Syerli Rachmat(Founder)Febi Agil(Founder)Febi Ifdillah(Founder)Lintang Kusuma Pratiwi(Founder)

Co-investors500 Global Insignia Ventures Partners

Emqemq.com in 𝕏Jul 2020

EMQ operates a global payments network with last-mile endpoints that banks can integrate to enable cross-border money transfers and automate payment processes.

Enterprise SoftwareFintechFuture of WorkImpact & Social GoodSaaS

Genevieve LiinJohn Kangin Max Liu(Chief Executive)in

Co-investors500 Global AppWorks Ventures DG Ventures, Inc.Quest Venture Partners AppWorks Hard Yaka +3 more

ErudiFierudifi.com in

Erudifi provides education financing solutions for students in emerging markets.

EdTechFintechSingapore, SG

Susli Lie(Founder)in Naga Tan(Founder)in

Co-investors500 Global AC Ventures Monk's Hill Ventures Qualgro Taurus Ventures Thirdstream Partners +7 more

Halodochalodoc.com

Digital platform simplifying access to quality healthcare for millions of Indonesians.

Jonathan Sudharta(Founder)inDoddy Lukito(Founder)

Co-investorsAcrew Capital Allianz X Brama One Ventures GDP Venture Openspace Ventures UOB Venture Management +1 more

iSellerisellercommerce.comJan 2023 · $12M

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 Indogen Capital Openspace Ventures Kasikornbank Mandiri Capital Indonesia

iSelleriseller.idJan 2023 · $12M

iSeller offers a cloud-based point-of-sale system and business management tools for retailers and restaurants, running on Android, iOS, and Windows devices.

FintechRetail TechSaaS

Co-investorsMandiri Capital Indonesia Kasikornbank Openspace Ventures

Jago Coffeejagocoffee.com inSeed · Oct 2022 · $2M

Jago provides mobile coffee retail to neighborhood vendors in Indonesia, enabling street sellers to offer quality fresh coffee at affordable prices to mass market consumers.

B2B MarketplacesConsumerFoodTechMarketplacesRetail TechIndonesia, SG

Yoshua Tanuin

Co-investors500 Global BEENEXT ORZON Ventures

Jala Techjala.tech in 𝕏Series A · Dec 2023 · $13.1M

JALA operates an integrated supply chain platform for shrimp farming and distribution in Indonesia, connecting farmers, processors, and buyers with technical support, feed, post-larvae, and logistics services.

AgTechB2B MarketplacesFoodTech

Aryo Wiryawan(Founder)inFarid InawaninHanry ArioHanry Ario Prestianto Liris Maduningtyas(Founder)in John Lotto in

Co-investors500 Global Blue Revolution Investments G.P.The Yield Lab Asia Pacific UntroD Capital The Yield Lab

Kargo Technologieskargo.tech in

Kargo Technologies provides a digital logistics platform that integrates shippers with a network of transporters and drivers in Indonesia.

Logistics & Supply ChainSaaSJakarta, ID

Tiger Fang(Founder)in

Co-investorsAC Ventures Agaeti Ventures Alter Global AppWorks Ventures Capria Ventures Tenaya Capital +1 more

Konsersermorpheus.com in

Konser is an Indonesian company running a platform that combines NFT trading with metaverse environments.

Cloud ComputingCrypto & Web3

Andri RonaldoinBudi Sukmana(Founder)inKenneth Tali(Founder)in

Co-investors500 Global

Nala Geneticsnalagenetics.com

NalaGenetics offers non-invasive DNA tests (via cheek swab or saliva) that assess health, nutrition, cancer risk, and lifestyle traits, using microarray and qPCR technology with algorithms tailored to Southeast Asian genetic diversity.

BiotechDigital HealthHealthtech

Alexander Lezhava(Founder)Astrid Irwanto(Founder)Jianjun Liu(Founder)Levana Sani(Founder)

Co-investorsAC Ventures AngelCentral Brama One Ventures Integra Partners East Ventures

Pallav Technologiespallav.tech in

Pallav provides AI-powered credit analysis tools that help financial institutions approve more loans while managing risk.

AI & Machine LearningFintech

Co-investorsKadan Capital Vynn Capital

PinHomepinhome.id

Pinhome operates an online property marketplace in Indonesia for buying, selling, and renting homes, apartments, offices, and shophouses, connecting buyers with vetted agents, banks, notaries, and contractors and offering mortgage (KPR) facilitation.

FintechMarketplacesPropTech

Ahmed Aljunied(Founder)Dayu Dara Permata(Founder)

Co-investorsCapria Ventures Insignia Ventures Partners Ribbit Capital

Pintupintu.co.id in 𝕏Jun 2022 · $113M

Pintu is an Indonesian cryptocurrency exchange app licensed and supervised by the Financial Services Authority (OJK), letting users buy and trade digital assets such as Bitcoin, Ethereum, Tether, Solana, and Ripple.

Crypto & Web3Fintech

Jeth Soetoyo(Founder)

Co-investorsCoinbase Ventures Lightspeed Venture Partners Pantera Capital Northstar Group

Populixpopulix.co in 𝕏Apr 2025

Populix is an Indonesian consumer insights and market research company that connects businesses, startups, MSMEs, multinational companies, academics, and policymakers with targeted respondent panels across Indonesia.

ConsumerData & InfrastructureEnterprise SoftwareGovTechMarketing TechMedia & EntertainmentSaaS

Eileen K.(Founder)inEileen Kamtawijoyo(Founder)Jonathan Benhi(Founder)Timothy Astandu(Founder)

Co-investorsAcrew Capital Brama One Ventures Gobi Partners MSW Ventures Quest Ventures Altos Ventures +1 more

Sliceslice.id

Slice is a creator analytics platform that uses data to help marketers plan, report on, and run influencer campaigns.

AdTechAI & Machine LearningCreator EconomyMarketing Tech

Co-investorsBlume Ventures

Suryanesiasuryanesia.comSeed · Dec 2022 · $2M

Tigris Investmenttigrisinvestment.comJun 2018

Tigris Investment is an investment firm that provides financing, venture investment, and management consulting services to technology-focused companies and startups.

FintechSector AgnosticSeoul, KR

Jung Young-go

Co-investorsPearl Abyss Capital East Ventures LINE Ventures Naver SMDV STIC Investments

Xenditxendit.co in 𝕏Sep 2022

Xendit provides payments infrastructure for global companies and local businesses in Southeast Asia, offering direct integrations with over 100 local payment methods.

FintechJakarta, ID

Moses Lo(Founder)inBo Chen(Founder)inJuan Gonzalez(Founder/Principal Software Engineer)inJuan González(Founder)inMoses Lo Tessa Wijaya(Founder)Tessa Wijaya(Founder)

Co-investors01vc AC Ventures Accel Berkeley SkyDeck Fund Coatue Management East Ventures +25 more

Yummyyummysuperapp.com in 𝕏Sep 2020 · $12M

Yummy is a Latin American super app that offers delivery services across multiple categories including food, groceries, transport, pharmacy, beverages, fashion, electronics, and events.

ConsumerE-commerceLogistics & Supply ChainMarketplacesMobility & TransportationSaaSLos Angeles, US

Vicente Zavarce(Founder)inVicente Zavarce Nunez(Executive Officer, Director)Annie Luchsinger(Director)Diego Salas(Director)Herbert Eduardo Castillo Bonilla(Director)

Co-investors2080 Ventures Cathexis Ventures Collide Capital Epakon Capital Ethos VC First Check Ventures +28 more

Yummy Corpyummycorp.com inSep 2020 · $12M

Yummy Corp provides tailored food facility management services including daily catering, food court operations, and custom branded outlets for corporates, offices, schools, and hospitals in Indonesia.

Enterprise SoftwareFoodTechJakarta, ID

Mario Suntanu(Founder)inMarbio Suntanu(Founder)inMarius Suntanu(Founder)in

Co-investorsAC Ventures Agaeti Ventures AppWorks Ventures Quest Ventures AppWorks BRI Ventures +7 more

Other

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

BelimobilgueHijraJagoKozystayNI0PasarpolisPintarSermorpheusSlice GroupVisinema

Frequently asked questions

How many investments has Intudo Ventures made?: Intudo Ventures has 40 tracked investments, including 3 dated in the last 24 months.
What stage does Intudo Ventures invest at?: Intudo Ventures invests at the Seed, Series A, Series B stages.
What is Intudo Ventures's typical check size?: Intudo Ventures typically writes checks of $1M – $25M.
What sectors does Intudo Ventures focus on?: Intudo Ventures focuses on AgTech, Consumer, Crypto & Web3, EdTech, Enterprise Software, Fintech, Marketplaces, Media & Entertainment, Retail Tech.
Where is Intudo Ventures located?: Intudo Ventures is headquartered in Jakarta, ID.
Does Intudo Ventures lead rounds?: Intudo Ventures typically participates in rounds rather than leading them.
Who does Intudo Ventures co-invest with?: Intudo Ventures most often shares deals with 500 Global, AC Ventures, AppWorks Ventures, among 55 tracked co-investors.

Media · Podcasts & interviews

featuring the team

#94: Venturing into Indonesia & Building Future Trends with Intudo Ventures' Eddy Chan

Geeks Of The Valley · Eddy Chan

Why is Indonesia so special? Listen in to Eddy Chan, Managing Partner at Intudo Ventures..

Go Get' EM · Eddy Chan

Images

Co-investors · 6

500 Global

500 Global (formerly 500 Startups) is a venture capital firm whose flagship Silicon Valley strategy backs promising technology companies from pre-seed onward across a range of sectors and geographies.

Both backed · 6

Elevarm Emq ErudiFi Jago Coffee Jala Tech Konser

$150K

Lightspeed Venture Partners

Lightspeed Venture Partners is a global venture capital firm that backs founders from Seed through Series F and beyond, emphasizing deep, immersive partnerships with the companies it invests in.

Both backed · 1

Pintu

$1M – $5M

Pantera Capital

Pantera Capital is a blockchain and cryptocurrency-focused investment firm that pioneered early crypto funds in the U.S., offering exposure through venture equity, early-stage tokens, and liquid tokens.

Both backed · 1

Pintu

$5M – $100M

BEENEXT

BEENEXT is a global venture firm built around a community of founders and investors, having backed around 180 companies across 17 countries and 5 continents.

Both backed · 1

Jago Coffee

Lightspeed India Partners

Lightspeed India Partners (LSIP) is an early-stage investment firm, operating as part of the broader Lightspeed network, that backs founders building innovative companies across India and Southeast Asia.

Unanimous Capital

Unanimous Capital is an early-stage venture firm that backs founders solving meaningful problems and helps them scale their ideas into market-disrupting companies.

Firms observed investing alongside Intudo Ventures, from public investor directories. Shared companies are the overlap with Intudo Ventures's recorded portfolio.

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