Alpha JWC Ventures

Alpha JWC Ventures is an Indonesia-based venture capital firm focused on seed to Series B technology companies in Southeast Asia, with emphasis on fintech, consumer tech, and related sectors. Founded in 2015 and headquartered in Jakarta, it operates across Indonesia and Vietnam, investing in B2B, B2C, media, finance tech, healthcare, and other technology-enabled businesses. The firm takes a long-term, value-adding approach, pursuing disciplined investments and active portfolio management, and partners with institutional investors, strategic institutions, and family offices across Asia, the United States, and Europe. It targets early-stage opportunities in Southeast Asia and seeks to support companies through growth.

Erika Dianasari Go

Partner

Felicia Grace

Investor

Dharmadi Gusanto

Investor

Kevin Halim

Investor

Teresa Chelsea Hartanto

Investor

Past deals in Indonesia

ALVA

Series B in 2023
ALVA is a manufacturer of electric bikes designed for urban commuting, focusing on performance, efficiency, and environmental sustainability. Assembled in Indonesia, ALVA's bikes prioritize motor efficiency and offer impressive torque and top speeds on a single charge. The company's products feature integrated intelligence that enhances rider security, personalization, and control, ensuring a superior riding experience. With a commitment to zero-emissions technology, ALVA aims to facilitate a transition to electric mobility while helping customers reduce riding costs.

Beleaf

Series A in 2023
Beleaf is an Indonesian hydroponic farm based in Bogor. It operates vertical farming systems using hydroponics to grow fresh greens and vegetables with minimal water usage, aiming to reduce its carbon footprint and provide consumers with locally sourced produce.

Beleaf

Seed Round in 2022
Beleaf is an Indonesian hydroponic farm based in Bogor. It operates vertical farming systems using hydroponics to grow fresh greens and vegetables with minimal water usage, aiming to reduce its carbon footprint and provide consumers with locally sourced produce.

Esensi Solusi Buana

Series B in 2022
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.

IDEAL Indonesia

Pre Seed Round in 2022
IDEAL Indonesia is a digital mortgage lending platform designed to streamline the home buying process for potential homeowners. The platform offers features such as e-KYC, document verification, and AI-driven credit scoring to help users receive personalized mortgage recommendations based on their specific needs. By connecting home buyers with a range of compatible mortgage products from major property developers and banks in Indonesia, IDEAL Indonesia allows users to apply to multiple banks using a single set of data. Additionally, the platform includes a real-time tracking system, enhancing the overall experience for individuals seeking to navigate their ownership journey efficiently.

Pitik

Series A in 2022
Pitik is an agri-tech startup that empowers chicken farmers in Indonesia with advanced technology. Its farm management system combines IoT, algorithms, and digital assistants to boost productivity, enhance welfare, and facilitate competitive sales.

Noice

Series A in 2022
Founded in 2018, Noice is a Indonesian audio platform offering radio, music, podcasts, and audiobooks. It operates radio stations in Indonesia, focusing on delivering diverse audio content.

DELOS

Seed Round in 2022
DELOS is a science-driven aqua-tech company that designs and operates aquafarms seeking to disrupt the traditional and fragmented aquaculture industry in Indonesia. The Company aims to jumpstart what it calls the “Blue Revolution”. The vision is to help progress Indonesia into an international aquaculture-based seafood production powerhouse within the next decade. The revolution will be a radical shift to drive the growth and modernization of the ~US$ 2.5 billion Indonesian aquaculture industry and further its integration into the global seafood supply chain. DELOS has successfully launched its farming-as-a-service product, AquaHero, a full-stack farm productivity system that combines scientific expertise, technology, and operational excellence to boost farm productivity and profitability. AquaHero utilizes top-class data collection methods and a cutting-edge biological model to predict and mitigate harvest risk, a model that will be trained on hundreds of shrimp ponds within the DELOS ecosystem across Indonesia. DELOS has also launched AquaLink, a harvesting and logistics platform that allows it to capture and provide sustainable and traceable seafood supply downstream in the value chain. The company is currently responsible for producing and distributing thousands of tons of shrimp annually, and has taken steps to integrate its supply into the US$ 300 billion global seafood market. DELOS aims to ensure the traceability and sustainability of its supply chain to streamline global integration. The company has, thereby, embedded sustainable practices into its operations, and will allow stakeholders visibility into its supply chain through its AquaHero and AquaLink platforms.

Sayurbox

Series C in 2022
Sayurbox is a web-based platform founded in 2016 and headquartered in Bandung, Indonesia, that specializes in the distribution of fresh agricultural produce. The company connects consumers directly with farmers, enabling them to order fresh, chemical-free, and organic vegetables. This model ensures that customers receive healthy produce that is harvested and delivered on the same day, promoting a farm-to-table approach. By focusing on quality and freshness, Sayurbox aims to facilitate healthier living through accessible and sustainable food options.

Zenius Education

Series B in 2022
Zenius Education empowers Indonesian K12 students with accessible, subscription-based self-learning materials that emphasize critical thinking and scientific knowledge.

Otoklix

Series A in 2021
Otoklix develops, owns, and operates a platform that connects vehicle owners with independent automotive workshops in Indonesia. It offers booking for services at nearby workshops with standardized pricing, service levels, and warranties, and provides software solutions to workshops including customer relationship management and supply chain management to improve visibility and efficiency. The company aims to bridge the gap between fragmented general workshops and customers, transforming the vehicle maintenance experience by enabling transparent pricing, tracking of repair and maintenance history, and cost reduction through streamlined procurement. It is based in Jakarta, Indonesia, and focuses on the automotive aftermarket sector, serving car, rental, and fleet owners.

Esensi Solusi Buana

Series A in 2021
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.

Noice

Seed Round in 2021
Founded in 2018, Noice is a Indonesian audio platform offering radio, music, podcasts, and audiobooks. It operates radio stations in Indonesia, focusing on delivering diverse audio content.

Raena

Series A in 2021
Raena is an Indonesian startup that facilitates social media influencers to launch their own e-commerce beauty brands. Its web-based platform enables Indonesian customers to purchase a variety of beauty products sourced from Japan and Korea.

Credibook

Seed Round in 2021
Credibook is a startup focused on assisting Indonesian retail wholesalers in managing their financial operations through digital solutions. It offers a digital debt logbook application that enables users to efficiently track accounts payable and receivable, personal debts, and credit management. The platform simplifies the financial process by allowing clients to record customer debts and send reminders for overdue payments. By digitizing the supply chain between wholesale and retail, Credibook enhances inventory sourcing efficiency and supports business owners in managing their operations effectively. The company aims to expand its reach across Indonesia and into various business sectors.

Zenius Education

Series B in 2021
Zenius Education empowers Indonesian K12 students with accessible, subscription-based self-learning materials that emphasize critical thinking and scientific knowledge.

Bobobox Indonesia

Series A in 2020
PT Bobobox Mitra Indonesia is a hospitality company founded in 2017 and headquartered in Bandung, Indonesia. It specializes in providing innovative accommodation services aimed at travelers and millennials seeking unique and efficient lodging experiences. Bobobox offers a range of options designed for both short-term visitors and commuters looking to recharge. In addition to its core services, the company also provides franchise opportunities, enabling expansion of its hospitality model across different markets.

Kopi Kenangan

Series B in 2020
Established in 2017, Kopi Kenangan operates as a grab-and-go coffee chain in Indonesia. It aims to tap into the growing demand for specialty coffee beverages in a market that is one of the world's largest coffee exporters but has relatively low consumption per capita.

Goola

Venture Round in 2019
Goola is a food and beverage startup dedicated to showcasing Indonesia's rich cultural diversity on a global scale. The company offers its products through various retail channels, including stores and distributors. Additionally, Goola is in the process of developing a mobile application to enhance consumer access to authentic Indonesian beverages and traditions.

Neurosensum

Series A in 2019
Neurosensum is a Jakarta Selatan, Indonesia-based company founded in 2017, specializing in the application of neuroscience and artificial intelligence to analyze consumer behavior. The company develops software applications that assess subconscious responses to various marketing stimuli, including advertisements and product packaging. Its flagship product, MYNDSIGHT, utilizes emotion recognition technology powered by machine learning algorithms to capture detailed emotional reactions to advertisements on a frame-by-frame basis. Neurosensum integrates various neuroscience tools, such as electroencephalograms (EEG), virtual reality, eye tracking, and facial coding, to provide comprehensive market research services. These services include product testing, concept testing, shopper studies, brand tracking, and pricing studies, enabling businesses to gain valuable insights into consumer behavior prior to product launches. In addition to its headquarters in Indonesia, Neurosensum has offices in London and Singapore.

Bobobox Indonesia

Seed Round in 2019
PT Bobobox Mitra Indonesia is a hospitality company founded in 2017 and headquartered in Bandung, Indonesia. It specializes in providing innovative accommodation services aimed at travelers and millennials seeking unique and efficient lodging experiences. Bobobox offers a range of options designed for both short-term visitors and commuters looking to recharge. In addition to its core services, the company also provides franchise opportunities, enabling expansion of its hospitality model across different markets.

Target Media Nusantara

Series A in 2018
Founded in 2003, Target Media Nusantara specializes in indoor digital media advertising. It installs screens in lifts and lobbies of office buildings, apartments, and hotels to create brand awareness campaigns for clients such as Lazada, Zalora, Bobobox, Carmudi, and Deltomed.

Target Media Nusantara

Series A in 2018
Founded in 2003, Target Media Nusantara specializes in indoor digital media advertising. It installs screens in lifts and lobbies of office buildings, apartments, and hotels to create brand awareness campaigns for clients such as Lazada, Zalora, Bobobox, Carmudi, and Deltomed.

Nusantara Technology

Series A in 2018
Nusantara Technology is a technology and media group created by Indonesians for the younger generation. The company believes that the youthful Indonesian generation has the potential to make a positive impact on Indonesia. Therefore, Nusantara Technology is responsible for shaping the mentality of the next generation by providing content and technology that will bring Indonesia to the forefront of innovation. Nusantara Technology is a gateway and one-stop solution to reach Gen-Z and the Millenial generation. Nusantara Technology is trusted by Fortune 500 Company and well-known brands to connecting and delivering their messages through digital creative advertising and activities

Kopi Kenangan

Seed Round in 2018
Established in 2017, Kopi Kenangan operates as a grab-and-go coffee chain in Indonesia. It aims to tap into the growing demand for specialty coffee beverages in a market that is one of the world's largest coffee exporters but has relatively low consumption per capita.

Lemonilo

Venture Round in 2018
PT Lemonilo Indonesia Sehat operates as a retail platform that focuses on promoting healthier lifestyle choices through a diverse range of natural and affordable products. Established in 2016 and based in Jakarta Barat, Indonesia, Lemonilo offers an extensive selection of food products, such as snacks, vegetables, fruits, meat, seafood, baby food, and juices, alongside personal care items like face treatments, body care, dental hygiene products, and essential oils. The company is dedicated to providing products free from over 100 harmful synthetic ingredients and collaborates with small and medium-sized enterprises across Indonesia. Lemonilo aims to support the Indonesian population in leading healthier and more productive lives by making healthy living accessible and affordable through both its online platform and physical retail stores.

Bobobox Indonesia

Seed Round in 2018
PT Bobobox Mitra Indonesia is a hospitality company founded in 2017 and headquartered in Bandung, Indonesia. It specializes in providing innovative accommodation services aimed at travelers and millennials seeking unique and efficient lodging experiences. Bobobox offers a range of options designed for both short-term visitors and commuters looking to recharge. In addition to its core services, the company also provides franchise opportunities, enabling expansion of its hospitality model across different markets.

Neurosensum

Venture Round in 2018
Neurosensum is a Jakarta Selatan, Indonesia-based company founded in 2017, specializing in the application of neuroscience and artificial intelligence to analyze consumer behavior. The company develops software applications that assess subconscious responses to various marketing stimuli, including advertisements and product packaging. Its flagship product, MYNDSIGHT, utilizes emotion recognition technology powered by machine learning algorithms to capture detailed emotional reactions to advertisements on a frame-by-frame basis. Neurosensum integrates various neuroscience tools, such as electroencephalograms (EEG), virtual reality, eye tracking, and facial coding, to provide comprehensive market research services. These services include product testing, concept testing, shopper studies, brand tracking, and pricing studies, enabling businesses to gain valuable insights into consumer behavior prior to product launches. In addition to its headquarters in Indonesia, Neurosensum has offices in London and Singapore.

Kredivo Group

Series B in 2018
Founded in 2016 by Akshay Garg, Kredivo Group is Southeast Asia's leading digital financial services provider. Its flagship product, Kredivo, offers instant credit financing for e-commerce and offline purchases, personal loans, and installment payments through a modern API.

Funding Societies

Series B in 2018
Funding Societies, established in 2015 and headquartered in Singapore, operates a digital financing platform that connects small and medium-sized enterprises (SMEs) with investors. The company facilitates business loans, focusing on quick and efficient financing solutions, often bypassing traditional banking methods. It offers a range of flexible financing options, including micro and term loans, and invoice financing, using advanced credit scoring and risk assessment models. With operations across Southeast Asia, including Singapore, Malaysia, Indonesia, and Thailand, Funding Societies caters to SMEs seeking accessible and timely financing.

Neurosensum

Seed Round in 2018
Neurosensum is a Jakarta Selatan, Indonesia-based company founded in 2017, specializing in the application of neuroscience and artificial intelligence to analyze consumer behavior. The company develops software applications that assess subconscious responses to various marketing stimuli, including advertisements and product packaging. Its flagship product, MYNDSIGHT, utilizes emotion recognition technology powered by machine learning algorithms to capture detailed emotional reactions to advertisements on a frame-by-frame basis. Neurosensum integrates various neuroscience tools, such as electroencephalograms (EEG), virtual reality, eye tracking, and facial coding, to provide comprehensive market research services. These services include product testing, concept testing, shopper studies, brand tracking, and pricing studies, enabling businesses to gain valuable insights into consumer behavior prior to product launches. In addition to its headquarters in Indonesia, Neurosensum has offices in London and Singapore.

DealStreetAsia

Venture Round in 2018
DealStreetAsia is a news and intelligence platform based in Singapore, founded in May 2014. It serves as a crucial resource for international and regional investors seeking insights into Asia's complex markets, covering a range of topics including investments, mergers, acquisitions, private equity, venture capital, and startup activities. The platform's website, launched in October 2014, provides timely and relevant information to users by leveraging a robust network of correspondents across key countries in the ASEAN region, such as Singapore, Indonesia, the Philippines, Myanmar, Thailand, Vietnam, Malaysia, and India. DealStreetAsia focuses on tracking the dynamic private business landscape, encompassing large, medium, and small enterprises, as well as innovative startups that are reshaping the region's economic landscape. The company was founded by Joji Thomas Philip, who emphasizes the transformative power of information in shaping Asia's future.

STOQO

Venture Round in 2017
STOQO Technology is an online marketplace based in Jakarta, Indonesia, established in 2016, designed specifically for small restaurant and hotel owners. The company offers a platform that allows culinary businesses to bulk source a wide range of raw materials directly from manufacturers and distributors at competitive wholesale prices. Its application streamlines back-end operations, enabling users to efficiently procure essential supplies, including food ingredients, beverages, and cleaning products, all in one place. By providing access to direct factory pricing, STOQO aims to help food industry players optimize their purchasing processes and focus more on customer engagement.

UangTeman

Series A in 2017
UangTeman is an online lending service established in 2014 that specializes in providing instant short-term microcredit to consumers in Indonesia. The company offers unsecured loans of up to 3.5 million Rupiah, with repayment terms spanning a maximum of 30 days. UangTeman aims to serve as a convenient alternative to traditional lending models used by banks and finance companies, allowing consumers to access financing easily and reliably. The service is available in several regions across Indonesia, including Greater Jakarta, Yogyakarta, Solo, Magelang, Klaten, Bandung, Surabaya, Semarang, Bali, Makassar, Palembang, Lampung, Jambi, and Balikpapan.

UangTeman

Seed Round in 2016
UangTeman is an online lending service established in 2014 that specializes in providing instant short-term microcredit to consumers in Indonesia. The company offers unsecured loans of up to 3.5 million Rupiah, with repayment terms spanning a maximum of 30 days. UangTeman aims to serve as a convenient alternative to traditional lending models used by banks and finance companies, allowing consumers to access financing easily and reliably. The service is available in several regions across Indonesia, including Greater Jakarta, Yogyakarta, Solo, Magelang, Klaten, Bandung, Surabaya, Semarang, Bali, Makassar, Palembang, Lampung, Jambi, and Balikpapan.

Funding Societies

Series A in 2016
Funding Societies, established in 2015 and headquartered in Singapore, operates a digital financing platform that connects small and medium-sized enterprises (SMEs) with investors. The company facilitates business loans, focusing on quick and efficient financing solutions, often bypassing traditional banking methods. It offers a range of flexible financing options, including micro and term loans, and invoice financing, using advanced credit scoring and risk assessment models. With operations across Southeast Asia, including Singapore, Malaysia, Indonesia, and Thailand, Funding Societies caters to SMEs seeking accessible and timely financing.

Kredivo Group

Seed Round in 2016
Founded in 2016 by Akshay Garg, Kredivo Group is Southeast Asia's leading digital financial services provider. Its flagship product, Kredivo, offers instant credit financing for e-commerce and offline purchases, personal loans, and installment payments through a modern API.

AsmaraKu

Seed Round in 2016
AsmaraKu.com really understand your goals as suppliers (suppliers). As a pioneer of unique E-commerce market in Indonesia, They can provide a great opportunity for you to use the services of online sales and distribution facilities to reach Their customers the most appropriate for you.
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