Skystar Capital

Skystar Capital is a venture capital firm founded in 2014 and based in Jakarta, Indonesia. The firm focuses on supporting early-stage tech entrepreneurs in Southeast Asia, particularly in Indonesia, with the goal of fostering significant and positive changes in the region. Skystar Capital invests in seed-stage and early-stage companies across various sectors, including media, telecommunications, financial services, healthcare, consumer products, hospitality, and education. The firm is known for its strong track record in helping founders scale their businesses by providing strategic support and leveraging its extensive network of expertise in multiple industries.

Andreas Dymasius

Principal

Edward Gunawan

Partner

Juvenco Pelupessy

Principal

Michael Soeryadjaya

Partner

Gabriella Thohir

Venture Partner

Abraham Hidayat

Director

Past deals in Indonesia

Komunal

Series A in 2024
Komunal is a financial technology-based company that provides Peer-to-Peer Lending services in Indonesia which helps create relationships between potential SME and funders to support economic growth in Indonesia.

Maka Motors

Seed Round in 2023
MAKA is dedicated to building the best electric motorcycles for Indonesian riders.

Komunal

Series B in 2023
Komunal is a financial technology-based company that provides Peer-to-Peer Lending services in Indonesia which helps create relationships between potential SME and funders to support economic growth in Indonesia.

Paper.id

Series B in 2022
Paper.id is a software-as-a-service startup founded in 2016 and based in Indonesia. The company provides a comprehensive platform designed for small and midsize enterprises to streamline their invoicing, accounting, and inventory management. By addressing the challenges faced by businesses that still rely on manual processes, Paper.id offers solutions that include digital invoicing, seamless digital payment integration, and a suite of accounting services. The platform also incorporates advanced technologies such as machine learning and supply chain analysis to enhance workflow efficiency. Additionally, Paper.id supports entrepreneurs with features like co-branded business cards and financing options, enabling them to manage their order-to-pay processes and generate financial reports with ease.

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.

NOBI

Seed Round in 2022
Nobi is a cryptocurrency investment platform that helps people own crypto & earn yields. The company was founded in 2018 and is headquartered in Jakarta, Indonesia.

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.

Komunal

Series A in 2021
Komunal is a financial technology-based company that provides Peer-to-Peer Lending services in Indonesia which helps create relationships between potential SME and funders to support economic growth in Indonesia.

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.

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.

SIRCLO

Series B in 2020
SIRCLO is an e-commerce enabler based in Indonesia that assists businesses in establishing their online presence. The company offers a range of solutions tailored to different market segments, including SIRCLO Store and IbuSibuk for entrepreneurs, as well as SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, and Orami for enterprises. SIRCLO's platform is designed to facilitate online sales by providing professional, template-based websites that enable seamless transactions and comprehensive e-commerce management. With a focus on multi-channel selling, businesses can utilize SIRCLO's tools to manage their online activities through websites, marketplaces, and communication channels. To date, SIRCLO has supported over 100,000 brands in enhancing their online operations and employs around 1,000 staff members across key cities such as Bandung, Yogyakarta, and Surabaya.

Dekoruma

Series B in 2020
PT Dekoruma Inovasi Lestari operates an online platform that specializes in selling home furnishings and furniture in Jakarta, Indonesia. Founded in 2015, the company offers a diverse range of products, including kitchen and dining room items, decor, mattresses, and household appliances. In addition to retail, Dekoruma connects customers with interior designers, suppliers, and vendors, aiming to enhance the efficiency of the home and living industry. The platform is designed to meet the home decor needs of customers at affordable prices, making it a comprehensive solution for interior design and furnishing.

Hacktiv8

Seed Round in 2020
Hacktiv8 is the leading coding bootcamp in Indonesia that turns absolute beginners into job ready developers. Hacktiv8 is also the first institution in Indonesia to offer Income Share Agreements (ISA) Education financing to allow students to learn for free in exchange for a share of future income.

Komunal

Seed Round in 2019
Komunal is a financial technology-based company that provides Peer-to-Peer Lending services in Indonesia which helps create relationships between potential SME and funders to support economic growth in Indonesia.

Base

Seed Round in 2019
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.

Kudo

Series B in 2016
Kudo is an Indonesian startup technology company that develops cutting edge solution to enrich the e-commerce and payment market in Indonesia. They build a robust platform that bridges offline and online world of e-commerce through technology. Their team and experience include world class talents in global technology and management consulting company like Apple and The Boston Consulting Group.

Laku6

Convertible Note in 2016
Laku6 is an e-commerce platform based in Indonesia that facilitates the buying and selling of second-hand smartphones. It aims to support the emerging middle class by providing affordable options for acquiring and upgrading mobile devices through recommerce and financing solutions. The platform offers accurate and up-to-date information regarding pricing and device specifications, ensuring customers can access quality smartphones at competitive rates.

Black Garlic

Seed Round in 2016
Black Garlic is an Indonesian company that specializes in online meal kit delivery services, founded in 2015 and based in Jakarta. It offers a selection of fresh ingredients, including meat, vegetables, and seasonings, along with easy-to-follow cooking recipe cards featuring step-by-step photos. The company aims to simplify the cooking process for individuals, even those with limited culinary skills, by providing three expertly designed recipes each week, crafted by culinary expert William Wongso. Through its services, Black Garlic enables customers to prepare special meals at home quickly and conveniently.

HijUp

Seed Round in 2015
HijUp provides wide range of the best products from Indonesian Islamic fashion designers. The products they provide are for Moslem women in particular, from clothing, hijab/headscarf, accessories and more. Since its establishment, HIJUP.com functions as an agent between designers and their prospective buyers around the world. With HIJUP.com designers can increase their profits more efficiently while making it easier for buyers to find the products they want. HIJUP stands for Hijab Up (just like in Make Up or Dress Up). Because they believe that they can bring something Up to all Moslem women around the world. That while wearing Hijab, they are not limited to do anything worthwhile, create something wonderful, and earn a lot of respect from others. They deserve to be happy and looking great in pretty but syar'i outfit and fashionable hijab.
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