Ascent Ventures Group

Ascent Ventures Group is a venture capital firm established in 2023 through the merger of ARISE and Centauri Fund, and is headquartered in Yogyakarta, Indonesia. The firm focuses on investing in early-stage technology companies, particularly within the financial services and consumer sectors, across Indonesia and the broader Southeast Asian region. With a commitment to supporting innovative startups, Ascent Ventures Group aims to foster growth and development in a rapidly evolving market.

Eric Yoo

Co-Founder and Managing Partner

Past deals in Indonesia

Qoala

Series C in 2024
Qoala is an InsureTech company based in Jakarta Selatan, Indonesia, founded in 2018. The company specializes in providing online insurance services that cover flight and train delays, phone screen damages, and e-commerce logistics. By utilizing big data, machine learning, IoT, and blockchain technology, Qoala aims to transform the insurance industry in Indonesia. It collaborates with major e-commerce and travel platforms to offer unique and innovative insurance products, thereby enhancing the customer experience.

bebasinvestasi

Venture Round in 2024
Bebasinvestasi is a fintech startup that operates as a social investing platform, integrating features of social media with investment tools to create a community-driven financial ecosystem. Launched in 2021 and based in Jakarta, Indonesia, the company offers users the ability to follow and mirror the trading activities of verified traders, enabling a shared investment experience. With a focus on fostering a collaborative environment, Bebasinvestasi allows users to adjust their investment strategies, automate operations, and share insights within a community. The platform is accessible through its website and mobile application, aiming to revolutionize the way individuals engage with investment opportunities by promoting social interaction among investors.

Paxel.co

Venture Round in 2024
PT Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia, founded in 2017. The company operates the Paxel application, which facilitates same-day delivery services across the country. In addition to urban shipment and packaging services, Paxel offers a mobile application that includes Paxel credit for transactions and payment services. The company also provides Paxel Lockers, which serve as storage facilities for retrieving packages. By combining an on-demand app with an offline locker network, Paxel aims to enhance accessibility and transparency in its services, ensuring a positive delivery experience for customers.

Centauri Fund

Acquisition in 2023
Centauri Fund is a venture capital investment firm established in 2019 and headquartered in Singapore. It was jointly created by KB Investment, a unit of Korea's KB Financial Group, and MDI Ventures, the corporate venture capital arm of Indonesia’s TelkomGroup. The firm focuses on growth-oriented investments, targeting early-stage tech startups in the ASEAN region, particularly in Indonesia, its largest market. Centauri Fund typically invests between US$1 million and US$5 million in funding rounds that range from pre-series A to series B. Its investment interests span various sectors, including healthcare, education, and finance.

ARISE

Acquisition in 2023
Arise focuses to enabled the next generation of start-up founders to scale-up and build a "Real Business" with interesting tech in Southeast Asia. We provide long-term capital, strategic go-to-market networks, and hands-on company building based on a proven global track record from our partnership with MDI Ventures and Finch Capital in Indonesia, Singapore, Europe, South Korea, and Silicon Valley. If you are building something with conviction in Southeast Asia, we would love to hear from you. Drop us a line at hello@arisevc.co
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