Pegasus Tech Ventures

Pegasus Tech Ventures is a Silicon Valley-based venture capital firm that backs emerging technology companies worldwide and helps entrepreneurs expand into North America, Asia, and Europe. The firm employs over 100 professionals across seven countries who bring broad domain expertise. It invests in and supports companies across sectors including artificial intelligence, Internet of Things, robotics, big data, virtual and augmented reality, quantum computing, FinTech, health IT, and other next-generation technologies, and it also engages in consumer electronics, automotive, original design manufacturing, enterprise, gaming, healthcare, finance technology, and hardware. Founded in 2011, the company is headquartered in San Jose, California.

Mark Adams

Venture Partner

Harumi Akimoto

Partner

Chris Bae

Pegasus Korea Partner

Leah Edwards

Partner

Michael Farace

Investor

Bruce Graham

Partner

Justin Jackson

Partner

David Kuo

Pegasus Taiwan Partner

Richard Li

Venture Partner

John Lim

Partner and Chief Strategy Officer

Toshitada Nagumo

Partner and CEO, Pegasus Japan

Abul Nuruzzaman

General Partner

Steven Payne

Partner

Sean Ryu

Venture Partner and CEO

Yoshinori Shirono

General Partner

Ayaka Unno

Partner

Anis Uzzaman

General Partner

Jeff Wu

Pegasus China Partner

Keiko Yamaoka

Investor

Stephanie Yoe

Partner

Past deals in Indonesia

Terra Motors

Venture Round in 2023
Terra Motors Corporation is a Japanese company that specializes in the design, development, manufacturing, and sale of electric scooters and three-wheelers. Founded in 2010 and headquartered in Shibuya, Japan, the company operates internationally, with branches and offices in countries such as India, Bangladesh, Vietnam, Cambodia, Myanmar, Nepal, and Indonesia. Terra Motors not only sells its vehicles but also provides after-sales services, repairs, and support through its dealership network. The company aims to address global warming through its electric mobility solutions, leveraging Internet of Things (IoT) technology to enhance the functionality of its products. Notably, its SEED48 electric motorcycle features a top speed of 40 km/h and a range of 40 km per charge, positioning Terra Motors as a significant player in the electric motorcycle market, particularly in Southeast Asia.

Terra Motors

Series C in 2023
Terra Motors Corporation is a Japanese company that specializes in the design, development, manufacturing, and sale of electric scooters and three-wheelers. Founded in 2010 and headquartered in Shibuya, Japan, the company operates internationally, with branches and offices in countries such as India, Bangladesh, Vietnam, Cambodia, Myanmar, Nepal, and Indonesia. Terra Motors not only sells its vehicles but also provides after-sales services, repairs, and support through its dealership network. The company aims to address global warming through its electric mobility solutions, leveraging Internet of Things (IoT) technology to enhance the functionality of its products. Notably, its SEED48 electric motorcycle features a top speed of 40 km/h and a range of 40 km per charge, positioning Terra Motors as a significant player in the electric motorcycle market, particularly in Southeast Asia.

Base

Series A in 2022
Base is an Indonesian direct-to-consumer (DTC) beauty and wellness company that caters to consumers' diverse beauty and wellness needs. Starting with the skincare category, each Base consumer will get a vegan product recommendation through its Smart Skin Test. Fully digitalized and powered by data, Base is currently sold directly from its website and other Omni-channels. Base ships its products nationwide to all of Indonesia’s cities.

Ecoxyztem

Venture Round in 2022
Ecoxyztem is a venture builder based in Indonesia, dedicated to developing scalable and impactful solutions in the fields of climate-tech and clean-tech. The company supports startups by guiding them through their development process in an agile and strategic manner. Ecoxyztem empowers ecopreneurs to address climate challenges at scale, transforming innovative products into sustainable businesses that enhance both environmental quality and quality of life.

Base

Seed Round in 2021
Base is an Indonesian direct-to-consumer (DTC) beauty and wellness company that caters to consumers' diverse beauty and wellness needs. Starting with the skincare category, each Base consumer will get a vegan product recommendation through its Smart Skin Test. Fully digitalized and powered by data, Base is currently sold directly from its website and other Omni-channels. Base ships its products nationwide to all of Indonesia’s cities.

Gojek

Series F in 2020
PT Aplikasi Karya Anak Bangsa, commonly known as Gojek, is a mobile application-based platform founded in 2010 and headquartered in Jakarta, Indonesia. The company initially operated a motorcycle taxi fleet but has since evolved into a comprehensive Super App, offering a wide range of services including food delivery, transportation, digital payments, shopping, and various on-demand services such as massages. Launched in 2015, Gojek has rapidly become the largest consumer transactional technology group in Southeast Asia, driven by its commitment to speed, innovation, and social impact. The platform aims to empower the informal sector in the region while catering to diverse markets, including logistics, food, and entertainment.

Populix

Seed Round in 2019
Populix is a consumer insights platform based in Jakarta, Indonesia, founded in 2018. The company connects businesses and institutions with a large pool of approximately 300,000 qualified respondents, facilitating both qualitative and quantitative research. Populix enables clients to conduct studies, recruit respondents, and analyze data efficiently. The platform offers a range of services, including the ability to launch custom research projects, access curated panels, and purchase pre-existing datasets and reports. By providing accurate and real-time data, Populix supports organizations in making informed decisions based on reliable insights.

Klikdaily

Venture Round in 2019
Klikdaily is a mobile application-based company based in Tangerang, Indonesia, that addresses the needs of the fast-moving consumer goods (FMCG) market. The platform serves as a supply chain technology ecosystem aimed at empowering traditional retail businesses, such as mom-and-pop stores, by digitizing their supply chain processes. Through its application, Klikdaily connects users, including homemakers, with nearby supermarkets and pop-up stores, allowing them to purchase essential everyday products conveniently. The app provides features such as scheduling delivery times and setting reminders for household items, ensuring that customers receive their desired products directly at their doorstep, tailored to their budget and preferences.

UangTeman

Series B in 2019
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.

Infradigital

Seed Round in 2019
IDN is the fastest growing B2B school platform in Indonesia, providing data & financial services to thousands of schools and hundreds of thousands of students across the country.

AwanTunai

Series A in 2018
AwanTunai is an Indonesian fintech company that digitizes the cash economy and the FMCG supply chain through a mobile platform for micro merchants. The platform enables online ordering, payment acceptance, and inventory management while providing embedded financing and mobile-based credit to working-capital needs, connecting borrowers with banks and finance partners to originate and service loans within a regulated ecosystem. It operates as a licensed fintech that can originate, service, and collect bank-compliant loan assets for partner funders and also distributes micro-insurance through insurer partners. By integrating financial services with digital tools, AwanTunai aims to increase financial inclusion for Indonesian small businesses that have limited access to traditional banking products.

Ritase

Seed Round in 2018
Ritase is a technology platform that facilitates connections between shippers and logistics companies for freight transportation in Indonesia. It offers an online-to-offline (O2O) truck freight solution that integrates services for both truckers and shippers, allowing for real-time monitoring of shipments. The platform provides detailed reporting capabilities, enabling clients to receive periodic automatic reports on profits generated from truck delivery services. By linking enterprise resource planning (ERP) systems with various logistics providers, Ritase enhances visibility and efficiency in the logistics process, ensuring that clients can track their shipments in real time.

Populix

Pre Seed Round in 2018
Populix is a consumer insights platform based in Jakarta, Indonesia, founded in 2018. The company connects businesses and institutions with a large pool of approximately 300,000 qualified respondents, facilitating both qualitative and quantitative research. Populix enables clients to conduct studies, recruit respondents, and analyze data efficiently. The platform offers a range of services, including the ability to launch custom research projects, access curated panels, and purchase pre-existing datasets and reports. By providing accurate and real-time data, Populix supports organizations in making informed decisions based on reliable insights.

Ahlijasa

Venture Round in 2018
Ahlijasa is an Indonesian startup that focuses on enhancing small laundry businesses through advanced technology and a robust network. The company offers a platform that enables laundry business owners to efficiently manage operations using Point of Sale technology. Additionally, Ahlijasa helps these businesses expand their customer base by connecting them with a network of hotel clients. The platform also allows owners to reduce costs by facilitating direct purchases from laundry supplies producers. Through its on-demand services, Ahlijasa simplifies the process for consumers seeking to hire laundry services, making it easier to connect with service professionals for various personal and household needs.

Infradigital

Seed Round in 2018
IDN is the fastest growing B2B school platform in Indonesia, providing data & financial services to thousands of schools and hundreds of thousands of students across the country.

Terra Motors

Series B in 2018
Terra Motors Corporation is a Japanese company that specializes in the design, development, manufacturing, and sale of electric scooters and three-wheelers. Founded in 2010 and headquartered in Shibuya, Japan, the company operates internationally, with branches and offices in countries such as India, Bangladesh, Vietnam, Cambodia, Myanmar, Nepal, and Indonesia. Terra Motors not only sells its vehicles but also provides after-sales services, repairs, and support through its dealership network. The company aims to address global warming through its electric mobility solutions, leveraging Internet of Things (IoT) technology to enhance the functionality of its products. Notably, its SEED48 electric motorcycle features a top speed of 40 km/h and a range of 40 km per charge, positioning Terra Motors as a significant player in the electric motorcycle market, particularly in Southeast Asia.

Sticar

Seed Round in 2017
Sticar, Inc. is an innovative advertising platform based in Jakarta Selatan, Indonesia, established in 2016. The company specializes in digital out-of-home (DOOH) advertising by connecting advertisers with motorists who agree to display branded stickers on their vehicles. Drivers are compensated based on the distance they travel, creating a mutually beneficial relationship between brands and car owners. Sticar's approach aims to enhance brand visibility while providing drivers with a straightforward way to earn income, thereby contributing to the vibrancy and awareness of advertising campaigns in urban environments.

Ahlijasa

Seed Round in 2017
Ahlijasa is an Indonesian startup that focuses on enhancing small laundry businesses through advanced technology and a robust network. The company offers a platform that enables laundry business owners to efficiently manage operations using Point of Sale technology. Additionally, Ahlijasa helps these businesses expand their customer base by connecting them with a network of hotel clients. The platform also allows owners to reduce costs by facilitating direct purchases from laundry supplies producers. Through its on-demand services, Ahlijasa simplifies the process for consumers seeking to hire laundry services, making it easier to connect with service professionals for various personal and household needs.

Pesanlab

Convertible Note in 2017
Pesanlab is Indonesia's first platform specifically designed for lab testing and medical check-up bookings. The company offers an online medical platform that allows users to order laboratory examinations, thereby facilitating a straightforward and affordable medical booking process. With a vision to create an online health service ecosystem, Pesanlab aims to empower customers to make informed decisions regarding their health by providing accessible and convenient solutions. Through its innovative services, the company seeks to enhance the overall healthcare experience for the community in Indonesia.

PopLegal

Venture Round in 2017
PopLegal is an online legal platform based in Jakarta, Indonesia, established in 2016. The company simplifies the creation of business and legal documents through its Document Generator and Document Management System. It also offers services related to general licensing and company establishment, catering primarily to small and medium-sized enterprises as well as individual users. In addition to document creation, PopLegal provides normative information addressing common legal issues encountered in everyday life, making legal support more accessible and affordable for its target audience.

Geniee

Venture Round in 2016
Founded in 2010, Geniee is a leading Asia-Pacific AdTech company with headquarters in Japan. It specializes in providing SaaS solutions for advertising and marketing technology, helping clients enhance their revenue and success. With international offices across APAC, including Singapore, Japan, Thailand, Indonesia, and Vietnam, Geniee offers services such as Geniee SSP, Geniee Trading Desk, DMP, Data Exchange, and more.

XWORK

Venture Round in 2016
XWORK operates an online marketplace for flexible workspace solutions in Indonesia. It offers hourly, daily, and monthly bookings of private workspaces, meeting rooms, co-working spaces, virtual offices, event rooms, and training rooms through its platform. The company serves property owners such as hotels, co-working space operators, and building managers.

Ahlijasa

Seed Round in 2016
Ahlijasa is an Indonesian startup that focuses on enhancing small laundry businesses through advanced technology and a robust network. The company offers a platform that enables laundry business owners to efficiently manage operations using Point of Sale technology. Additionally, Ahlijasa helps these businesses expand their customer base by connecting them with a network of hotel clients. The platform also allows owners to reduce costs by facilitating direct purchases from laundry supplies producers. Through its on-demand services, Ahlijasa simplifies the process for consumers seeking to hire laundry services, making it easier to connect with service professionals for various personal and household needs.

Klikdaily

Seed Round in 2016
Klikdaily is a mobile application-based company based in Tangerang, Indonesia, that addresses the needs of the fast-moving consumer goods (FMCG) market. The platform serves as a supply chain technology ecosystem aimed at empowering traditional retail businesses, such as mom-and-pop stores, by digitizing their supply chain processes. Through its application, Klikdaily connects users, including homemakers, with nearby supermarkets and pop-up stores, allowing them to purchase essential everyday products conveniently. The app provides features such as scheduling delivery times and setting reminders for household items, ensuring that customers receive their desired products directly at their doorstep, tailored to their budget and preferences.

Jurnal.id

Series A in 2016
Journals provide online accounting software that is secure and reliable for small and medium enterprises in Indonesia . They strive to give entrepreneurs the freedom of the complexity of administration , operation , and taxation in order to focus on doing the most important thing to grow their business . This will be achieved by creating an effective technology that is extremely easy to use. Journals available sebagaai services that can be accessed from anywhere with a connection via internet or WiFi . By Journal , no longer need to download or install anything on your computer. There is no cost to start or upgrade , get free updates automatically, and does not need a contract . You just need to register , log in , and start working on your business bookkeeping anytime, anywhere . Journals businesses run better wear as much to save time in the process of administration and operations .

Geniee

Series D in 2015
Founded in 2010, Geniee is a leading Asia-Pacific AdTech company with headquarters in Japan. It specializes in providing SaaS solutions for advertising and marketing technology, helping clients enhance their revenue and success. With international offices across APAC, including Singapore, Japan, Thailand, Indonesia, and Vietnam, Geniee offers services such as Geniee SSP, Geniee Trading Desk, DMP, Data Exchange, and more.

Indoproc

Venture Round in 2015
Founded in 2015, Indoproc specializes in streamlining procurement processes through its e-procurement platform. The platform aims to enhance efficiency, reduce costs, and improve performance for clients seeking indirect materials.

HijUp

Seed Round in 2015
HijUp is an online fashion and lifestyle e-commerce platform specializing in Islamic fashion, particularly for Muslim women. The company offers a diverse range of products including hijabs, clothing, and accessories designed by Indonesian Islamic fashion designers. By acting as an intermediary between designers and global buyers, HijUp enables designers to enhance their profitability while simplifying the shopping experience for customers. The platform features a variety of items such as square hijabs, scarf caps, long dresses, blazers, skirts, and accessories like masks, brooches, socks, and necklaces. HijUp aims to empower Muslim women to express their style while adhering to their cultural values, promoting the idea that they can look fashionable and feel confident in their attire.

Alodokter

Seed Round in 2015
Alodokter is a digital health platform that offers an end-to-end solution for patients, including telemedicine and access to qualified Indonesian doctors, along with credible health information, supportive communities, and comprehensive reference materials on health subjects; the service also provides doctor appointment booking, guidance on illness and treatment, and healthy living resources to help users make informed health decisions.

HijUp

Seed Round in 2015
HijUp is an online fashion and lifestyle e-commerce platform specializing in Islamic fashion, particularly for Muslim women. The company offers a diverse range of products including hijabs, clothing, and accessories designed by Indonesian Islamic fashion designers. By acting as an intermediary between designers and global buyers, HijUp enables designers to enhance their profitability while simplifying the shopping experience for customers. The platform features a variety of items such as square hijabs, scarf caps, long dresses, blazers, skirts, and accessories like masks, brooches, socks, and necklaces. HijUp aims to empower Muslim women to express their style while adhering to their cultural values, promoting the idea that they can look fashionable and feel confident in their attire.

Terra Motors

Venture Round in 2014
Terra Motors Corporation is a Japanese company that specializes in the design, development, manufacturing, and sale of electric scooters and three-wheelers. Founded in 2010 and headquartered in Shibuya, Japan, the company operates internationally, with branches and offices in countries such as India, Bangladesh, Vietnam, Cambodia, Myanmar, Nepal, and Indonesia. Terra Motors not only sells its vehicles but also provides after-sales services, repairs, and support through its dealership network. The company aims to address global warming through its electric mobility solutions, leveraging Internet of Things (IoT) technology to enhance the functionality of its products. Notably, its SEED48 electric motorcycle features a top speed of 40 km/h and a range of 40 km per charge, positioning Terra Motors as a significant player in the electric motorcycle market, particularly in Southeast Asia.
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