Indonesian VC funds ARISE and Centauri Fund have merged to form Ascent Venture Group, with a corpus of US$200 million.

The fund will invest in 25 high-potential, early-stage, tech-enabled companies focused on Indonesia and the rest of Southeast Asia with a “thesis-driven” approach. The key focus sectors are MSME enablement, financial service digitalisation, and neo-consumer, climate, and healthcare across Southeast Asia.

The venture platform has four partners, ten investment professionals, and supporting staff across Jakarta, Singapore, and Seoul offices. Ascent is managed by serial entrepreneurs and investors Aldi Adrian Hartanto, Hans De Back, Kenneth Li, and Eric (Jung Ho) Yoo (representing KB Investments).

Prior to the merger, ARISE and Centauri were established in 2019 through a collaboration between MDI Ventures and KB Investment. These two funds have invested in 30 companies, including Agriaku, Evermos, Qoala, Paxel, and Fishlog.

While the prior funds remain separate and are fully deployed, portfolio companies will now have access to the combined partnership to support their growth.

“Our goal was to consolidate our resources and network of ecosystems to build a platform of exponential value that can strengthen our ‘thesis-driven’ strategy and provide significant product-market fit support to our portfolio founders as they seed and scale successful businesses across Indonesia,” said Aldi Adrian Hartanto, Managing Partner at Ascent Venture Group. 

“In addition, Ascent’s close relationship with prominent growth-stage investment groups like KB Investment and MDI Ventures enables additional support for portfolios with later-stage capital as the companies enter marginal profit or business-model fit.”

[e27.co](https://e27.co/indonesian-vc-firms-arise-centauri-merge-to-form-us200m-fund-ascent-venture-group-20230914)

Indonesian VC funds Arise, Centauri merge to form Ascent Venture Group.webp

Ascent Venture will invest in 25 high-potential, early-stage, tech-enabled companies focused on Indonesia and the rest of Southeast Asia


Indonesian VC firms ARISE, Centauri merge to form US$200M fund Ascent Venture Group

**JAKARTA,investor.id**- MDI Ventures dan Telkomsel Mitra Inovasi (TMI) yang merupakan anak usaha dari PT Telkom Indonesia Tbk (Telkom), menjalin kerja sama dengan Kementerian Komunikasi dan Informatika mempersembahkan _Partner Day_ HUB.ID x Nex-BE Fest 2023 yang mengangkat tema “_Fostering Synergy Network for Stronger Digital Economic Growth_”.

Nex-BE Fest (Next Billion Ecosystem Festival) merupakan acara tahunan dari MDI Ventures dan TMI yang bertujuan untuk menjembatani peluang solusi digital dan sinergi baru dari startup digital ke dalam ranah Badan Usaha Milik Negara (BUMN) dan berbagai unit bisnis di lingkungan Telkom Group.

Tahun ini, Acara HUB.ID x Nex-BE Fest 2023 sendiri dihadiri oleh 500 peserta, baik dari sektor privat, universitas, BUMN, dan lini bisnis Telkom Group yang mengikuti _match-making_ dengan startup di portofolio MDI Ventures, TMI, dan HUB.ID. Hasilnya, ada sekitar 750 sesi _match-making_ yang menghubungkan 80 peserta startup dan 80 mitra bisnis yang hadir dalam total 12 sesi.

“Dengan mengusung tema Fostering Synergy Networks, para startup dan perusahaan BUMN dan swasta peserta HUB.ID x Nex-BE Fest 2023 dapat melakukan eksplorasi mendalam untuk memahami kebutuhan bisnis masing- masing, sekaligus bertukar solusi sesuai dengan kapabilitas yang mereka miliki,” kata Donald Wihardja, CEO MDI Ventures dalam keterangan persnya, Jumat (15/9/2023).

Potensi kolaborasi strategis antara BUMN dan startup terwujud dalam penandatanganan proyek baru dari kedua belah pihak.

Dalam acara tersebut, terdapat pula beberapa sinergi menarik seperti Cakap & PT Metra-Net yang menandatangani kerjasama pemasaran _referral_. Lalu, FitAja dan Admedika yang bekerjasama dalam pengembangan ekosistem digital kesehatan.

Selanjutnya, Opsigo dan Kimia Farma yang bersama mengelola kebutuhan pariwisata korporasi, serta Privy dan Telkomsel MSight yang mengembangkan solusi tanda tangan digital untuk sektor perusahaan, hingga RunSystem dan Telkom Property yang menunjang pengimplementasian Enterprise Resource Planning (ERP).

“Kami turut bangga terhadap bentuk kolaborasi dengan Kominfo pada tahun ini melalui HUB.ID X NEX-Be Fest 2023, sehingga Telkom Indonesia melalui MDI Ventures dan TMI dapat menggali potensi sinergi dan ide-ide inovatif yang diharapkan dapat memberi dampak yang real dan signifikan bagi ekonomi digital Indonesia,” tambah Fajrin Rasyid, Direktur Digital Business Telkom.

Penyelenggaraan HUB.ID x Nex-BE Fest 2023 juga dimeriahkan dengan malam penganugerahan bagi sinergi terbaik yang berhasil terjalin. Pemenang untuk kategori The Best Synergy Collaboration diraih oleh Opsigo dan Mitra Tours (Patrajasa Pertamina) untuk mengelola kebutuhan pariwisata korporasi.

Kolaborasi yang telah berjalan selama lebih dari satu tahun ini memiliki nilai sinergi sebesar Rp7,6 miliar dan menguntungkan kedua belah pihak. Sementara itu, penghargaan The Best Synergy Performance diraih oleh Telkomsel (dari perwakilan Business Partner) dan Zenlayer (dari perwakilan Startup). Keduanya berhasil menjalankan lebih dari tiga proyek sinergi dengan jumlah nilai lebih dari Rp1,5 triliun per tahun.

Lebih jauh, pemerintah Indonesia terus mendorong BUMN dari berbagai sektor untuk menggali peluang sinergi, kolaborasi, dan inovasi dengan _startup_. Hingga saat ini, baru tercatat lima BUMN yang memiliki perpanjangan tangan modal ventura dan aktif berinvestasi di _startup_ lokal.

Ajang berkelanjutan seperti Nex-BE diharapkan dapat mendorong perusahaan BUMN lainnya untuk memperluas pengembangan bisnisnya melalui proses sinergi dengan _startup-startup_ yang berpotensial, agar dapat mendukung perkembangan ekonomi digital Indonesia.

[Investor.ID](https://investor.id/business/340680/ajang-hubid-x-nexbe-fest-2023-hasilkan-750-potensi-sinergibumn-dan-startup)

Ajang HUB.ID x Nex-BE Fest 2023 Hasilkan 750 Potensi Sinergi BUMN dan Startup.webp

JAKARTA,investor.id- MDI Ventures dan Telkomsel Mitra Inovasi (TMI) yang merupakan anak usaha dari PT Telkom Indonesia Tbk (Telkom), menjalin kerja sama dengan Kementerian Komunikasi dan Informatika mempersembahkan Partner Day HUB.ID x Nex-BE Fest 2023 yang mengangkat tema “Fostering Synergy Network for Stronger Digital Economic Growth”.

Ajang HUB.ID x Nex-BE Fest 2023 Hasilkan 750 Potensi Sinergi BUMN dan Startup

StartupHighlight

Kredivo is online with a credit card payment methods in 30 days or in installments 03.06.12 month.

Kredivo has built a modern API to let you provide your customers with innovative financing options. This API reference will help you get started on including Kredivo as a new payment method on your site.

Kredivo

SiCepat is a shipping company that was founded in 2014 with the vision and mission to be the best in its field.

SiCepat provides end-to-end logistic solutions for its customers ranging from first mile, middle mile, and last mile delivery solutions. These offerings is provided through 5 entities operating under OnStar.

SiCepat

End-to-end logistic solutions for customers

Qoala is a disruptive insure-tech company that leverages big-data, machine learning, IoT and blockchain aiming to revolutionise insurance landscape in Indonesia. Qoala partner with big companies, including e-commerce and travel platforms, to enhance their customer experience through our unique and innovative insurance products.

With their cutting-edge technologies plus sophisticated mathematical and machine learning models, Qoala aim to create a seamless customer experience through automatic claims, personalisation and fraud detection engine. Founded in 2018, Qoala is a group of mathematicians and computer scientists with strong insurance and technology backgrounds, with experiences at BCG, Traveloka, and Accenture.

At Qoala, we welcome highly talented and ambitious individuals to join our growing team and help us in reshaping insurance landscape in Indonesia, be innovative and creative with business and building insights from big data to transform the industry with technology.

Qoala

The first fully digital Insurance experience in Southeast Asia

Cermati is a financial technology (fintech) startup based in Indonesia. Cermati simplifies the process of finding and applying for financial product by bringing everything online so people can shop around for financial products online and can apply online without having to physically visit a bank.

Cermati is a B2B2C full-stack financial technology startups with core product in Buy Now, Pay Later (BNPL). In the future Cermati is planning to further expand to wealth management, risk scoring & KYC, and Banking-as-a-services (“BaaS”). BaaS platform will utilizes Cermati’s licenses and allows for cross-selling of Cermati’s existing products to end consumers via partners’ platform.

Cermati

Fintech company that provides information to ease find various financial products

Paxel are a tech-based delivery company committed to solving last-mile challenges in Indonesia and the region.

They are inspired by the urban, passionate and socially conscious generation who become the mindset of their design innovation. This is why they focus on delivering a customer-driven experience that allows convenience and control. At Paxel, they make sure that what you want is ready when you want it and everything you need is just a click away.

Paxel

Tech-based delivery company in Indonesia and the region

KoinWorks focuses on SMEs that are underserved by traditional financial institutions and may not have a bank account or credit cards. On the platform, users can create an online bank account and card, borrow working capital and access point-of-sale, early-wage access, and human resources management systems tailored for small businesses.

KoinWorks is headquartered in Jakarta, with holdings in Singapore and tech offices in Yogyakarta, India, and Vietnam. KoinWorks was originally created to help SMEs, which are often turned away by traditional financial institutions, get access to working capital. Since then, it has also developed a comprehensive platform of financial tools to help its customers, including e-commerce vendors and social commerce sellers, increase their sales.

KoinWorks

The First Super Financial App in Indonesia

Amartha was established in 2010 as a micro-financing company in order to bridge micropreneurs with online potential lenders.

The amount of micropreneurs who had difficulties to raise funds for their business due to limited access, income fluctuation, and no credit history was the beginning of our story. We believe these micropreneurs can evolve to become quality borrowers with the right technology and the spirit of cooperation. Investing in microbusinesses is also proven to create a great deal of social impact.

Amatha believe the easiness to funding access for micropreneurs will contribute to improve the well-being of the people categorized at the bottom of the pyramid, build economic resilience, and social justice for all.

Amartha

Pioneer fintech online P2P lending platform in Indonesia

InstaReM began in 2014 with a vision to simplify the cross-border payments experience for consumers. While continuing to be an expert in consumer remittances, the team behind InstaReM expanded and scaled its offerings to meet the needs of SMEs, Financial Institutions, Enterprises, and even other payment service providers. That expansion included an innovative technology infrastructure that makes sending, spending, and receiving money across borders faster, more transparent, and better integrated with our customers’ lives and business needs. InstaReM is powered by the same platform that we offer our enterprise clients.

That platform is Nium.

Our network is powered by our portfolio of licenses, hard-earned by building trust with financial regulators in over 90 countries. This combination of regulatory and tech assets is unique to Nium and is at the core of our unique value proposition.

Nium

Leading digital cross-border payments fintech

Mobile Premier League (also known as MPL) is the mobile e-Sports platform based in India. It is operated by Bangalore-based Galactus Funware Technology Pvt. Ltd.

Users can compete in multiple skill based mobile gaming tournaments on MPL. It was launched in September 2018 and as of April 2019, it claims a user base of more than 25 million

Mobile Premier League

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Fintech

Indonesia

MDI 100

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Logistic

MDI 500

Centauri

Geniee helps to Maximize Your Ad Revenue with High-end Technology.

Geniee Supply Side Platfrom  is a platform designed for web publishers to maximize their revenues. It enables users to deliver ads to earn maximum revenue from pure advertisements, Demand Side Platform, Real Time Bidding through Ad Exchange, multiple ad networks, and affiliate ads.

Geniee handles 14 Billion impressions per month and expanding our business into South East Asia. In 2013, The new company’s name is “Geniee Vietnam Co., Ltd.”, located in Hanoi, Vietnam, and is set up as a 100% subsidiary of Geniee International Pte. Ltd.

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Geenie

Maximize the Revenue with a Leading Technology

Others

Japan

Whispir is a cloud platform that automates communication flows, allowing businesses to create powerful conversations with their clients. Whispir creates a unique customer offer, coordinate an incident response in an instant. It is a cross-channel communications software that has been used by most blue chip enterprise in the region such as DBS, OCBC, Coca-Cola Company, Caltex, and IBM.

Whispir helps companies design communications applications to match and connect the right people to the right information. With rich content creation, contextual automation and cross‐channel interaction from one secure platform ‐ almost any business process can now be communications enabled.

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Whispir

Engage your audience through communications applications

Australia

Enterprise

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Singapore

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India

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AriseConviction - The Evolutionary Growth of Digital Opportunities Introduces a New Era of Creator Economy.

The emergence of newer social media platforms encouraged the cultural and generational shift, where being a #creator is considered a viable and increasingly desired career.

For the purpose of clarity, there are 3 different kinds of creators:

- The Influencer - people with respected perspectives to influence
- The Teacher - or educators, are people engaged in teaching materials
- The Artist - or creators of stories, artwork, NFTs, etc

Indonesia’s creator economy is estimated to be valued at USD 9.15 billion in 2021 with a 72.9% growth rate compared to 2020. However, challenges for creators around financing, operations, and monetization still remains. Comparing it to the U.S market, there is still untapped potential of 81.65%.

There is still room for innovative solutions in this industry to optimize and amplify existing creators in terms of financials, operational efficiencies, and monetizations. These solutions can also be very niche to different types of creator categories (beauty, gamers, educators, etc.)

What type of solutions do you think can empower and amplify the creator economy in Indonesia?

White Paper Cover-12.png

AriseConviction - The evolutionary growth of digital opportunities introduces a new era of Creator Economy. The emergence of newer social media platforms encouraged the cultural and generational shift, where being a creator is considered a viable and increasingly desired career. For the purpose of clarity, there are

Arise Conviction: Evolutionary Growth of Digital Opportunities

ariseconviction-creatoreconomy.pdf

This report is an update from our last supply chain report in 2019. We removed 387 startups from our last list of supply chain companies (didn’t represent supply chain or was too old) and we added 598 new startups to our list (startups we missed before and some new).

We updated our report to not only highlight how all supply chain startups build a competitive product by function, feature or use case; but we also showcase how each category has changed/evolved. This report is color coded to reflect changes, see how to read this report at the bottom of the executive summary.

For those seeing this report for the first time, we attempted to map the entire supply chain startup ecosystem (1000+ logistic startups). We then filtered these startups into 10 categories and labeled the top startups per category. We then looked through every startup to understand how they innovate by function, feature and use case. Having both a macro and detailed view of the ecosystem allows us to predict disruption within the supply chain ecosystem.

\-

By Kyle Kling

White Paper Cover-10.png

This report is an update from our last supply chain report in 2019. We removed 387 startups from our last list of supply chain companies (didn’t represent supply chain or was too old) and we added 598 new startups to our list (startups we missed before and some new).

Supply Chain Startup Report 2022

2022-Supply-Chain-Industry-Report.pdf

The Bloom of Agriculture in Indonesia: Yielding Next Gen. Agri Conglomerate Leveraging Tech Orchestration

Indonesia’s vast and abundant fertile soils make us a major global key producer of a wide variety of agricultural products, contributing to 13.45% of Indonesia’s GDP. Arise has witnessed the transformative potential of #agritech in Indonesia as a solution to the existing challenges in this industry.

The technology potentially can holistically transform across all agricultural value chains:

- Market Linkage - Farm Inputs
- Quality Management and Traceability
- Financial Offerings
- Supply Chain Tech and Output Market Linkage
- Precision Agriculture and Farm Management

These improvements can result in better profitability, higher efficiency, and improved productivity across crops, poultry, livestock, aquaculture, and forestry which is where Arise has positioned itself in the #AriseConviction to support Agri-Tech companies in the space.

Do you think improving agriculture production in Indonesia can lead to far greater exports?

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The Bloom of Agriculture in Indonesia: Yielding Next Gen. Agri Conglomerate Leveraging Tech Orchestration
Indonesia’s vast and abundant fertile soils make us a major global key producer of a wide variety of agricultural products, contributing to 13.45% of Indonesia’s GDP.

Managed Fund

Global Multi-Stage VC Firm for Local Founders

How we make it happen >

Highlight

US$ 830 Mn

80+

US$ 575 Mn

Investment

News

Indonesian VC firms ARISE, Centauri merge to form US$200M fund Ascent Venture Group

News

Ajang HUB.ID x Nex-BE Fest 2023 Hasilkan 750 Potensi Sinergi BUMN dan Startup

WHITE PAPER

Arise Conviction: Evolutionary Growth of Digital Opportunities

WHITE PAPER

Supply Chain Startup Report 2022

WHITE PAPER

Arise Conviction: The Bloom of Agriculture in Indonesia