Vertex Ventures

Vertex Ventures is a global venture capital firm specializing in early-stage investments. With offices across the U.S., China, Israel, India, and Southeast Asia, they focus on enterprise and infrastructure companies, supporting innovative entrepreneurs with operational expertise and access to capital.

Jeff Chang

Managing Director

Kee Lock Chua

Managing Partner

Lori Hu

Managing Director

Yanai Oron

General Partner

Domenic Perri

Operating Partner

In Sik Rhee

General Partner

Insik Rhee

General Partner

Chase Roberts

Principal

Gideon Shichman

General Partner

Sin Hui Tham

Managing Director, Fund Operations

Hanming Wang

Senior Associate

Zhijin Xia

Partner

Past deals in Indonesia

Warung Pintar

Series B in 2021
Warung Pintar is a micro retail technology company in Indonesia that aims to digitalize commerce for underserved communities. It uses data processing and analytics to capture insights from the bottom of the pyramid to support financial inclusion, social security, behavior analysis, and community engagement, with impact monitoring. The company also provides an end-to-end business platform for small retailers, featuring supply chain digitization, integrated applications, financial services, data analytics, and e-commerce tools to help manage inventory and resources more efficiently.

Gredu

Series A in 2021
Gredu is an edtech company based in Jakarta, Indonesia, founded in 2016. It focuses on enhancing the educational experience for teachers, parents, and students through its digital solutions. Gredu offers a range of products, including the Gredu School Management System, Gredu Teacher, Gredu Parent, and Gredu Student. These tools are designed to optimize collaboration among educators, families, and learners, facilitating a more engaged school environment. By streamlining administrative tasks for teachers and providing parents with easier access to information, Gredu aims to create a supportive and collaborative educational ecosystem that guides students according to their individual potential.

TaniHub

Series B in 2021
TaniHub is a Jakarta-based B2B agriculture marketplace established in 2015 that connects local farmers with businesses in the food service industry, including hotels, restaurants, and catering services. The company provides an e-commerce platform for agricultural products, facilitating market access for farmers and enabling them to sell their crops to various customers, including micro, small, and medium enterprises (MSMEs). By empowering local farmers with enhanced market access and financial opportunities, TaniHub plays a significant role in promoting agricultural sustainability and economic growth in Indonesia.

TaniHub

Series A in 2020
TaniHub is a Jakarta-based B2B agriculture marketplace established in 2015 that connects local farmers with businesses in the food service industry, including hotels, restaurants, and catering services. The company provides an e-commerce platform for agricultural products, facilitating market access for farmers and enabling them to sell their crops to various customers, including micro, small, and medium enterprises (MSMEs). By empowering local farmers with enhanced market access and financial opportunities, TaniHub plays a significant role in promoting agricultural sustainability and economic growth in Indonesia.

Gredu

Seed Round in 2020
Gredu is an edtech company based in Jakarta, Indonesia, founded in 2016. It focuses on enhancing the educational experience for teachers, parents, and students through its digital solutions. Gredu offers a range of products, including the Gredu School Management System, Gredu Teacher, Gredu Parent, and Gredu Student. These tools are designed to optimize collaboration among educators, families, and learners, facilitating a more engaged school environment. By streamlining administrative tasks for teachers and providing parents with easier access to information, Gredu aims to create a supportive and collaborative educational ecosystem that guides students according to their individual potential.

RoomMe

Series A in 2019
RoomMe is a leading virtual kost operator in Greater Jakarta, managing over 2,000 rooms across more than 100 buildings. Established for over two years, the company specializes in unit boarding, operational management, and sales acquisition. RoomMe is pioneering a new living ecosystem, allowing users to refer to their rented spaces as home. Recognizing the trend that 55% of millennials prefer kost living, RoomMe has adapted to meet the evolving housing needs in Indonesia. The company also offers a platform that provides information on rental prices, facilitating the management and marketing of properties for homeowners while promoting co-living lifestyles and flexible stay durations for tenants.

SOCASH

Series B in 2019
SOCASH Pte Ltd. is a Singapore-based company founded in 2016 that operates a digital platform facilitating cash transactions without the reliance on traditional banking infrastructure such as ATMs or branches. The application allows users to withdraw and deposit cash by placing orders and selecting local merchants or neighborhood shops for fulfillment. This innovative approach not only enhances cash circulation but also provides an opportunity for shop owners to increase their revenue and attract more customers. SOCASH's services extend beyond Singapore, as the company is also operational in Indonesia and Malaysia, contributing to a broader regional cash and digital payment ecosystem.

HappyFresh

Series C in 2019
HappyFresh is a leading online grocery company based in Jakarta, Indonesia, with operations extending to Malaysia and Thailand since its establishment in 2015. The company aims to simplify the grocery shopping experience by providing a platform where customers can order groceries from local stores and have them delivered directly to their doors. With a focus on high-quality service, HappyFresh employs trained personal shoppers who ensure that customers receive fresh and carefully selected products. This approach alleviates the challenges associated with traditional grocery shopping, such as parking, navigating aisles, and carrying heavy bags, allowing customers to save time and enjoy a more convenient shopping experience. HappyFresh has gained recognition as one of Asia's best companies to work for, reflecting its commitment to both customer satisfaction and employee welfare.

Validus

Series B in 2019
Validus is a Southeast Asian fintech company that leverages data and artificial intelligence to provide growth financing to underserved small and medium enterprises. Headquartered in Singapore, it operates in Indonesia, Vietnam, and Thailand, partnering with corporations to deliver supply‑chain financing solutions that support local SME ecosystems. The firm holds a Capital Markets Services licence from the Monetary Authority of Singapore and its Indonesian subsidiary is registered with the OJK. Backed by prominent venture capital investors, Validus offers a comprehensive suite of financial services—including SME lending, crowd‑lending, business accounts, corporate cards, expense management, money transfers, and foreign remittance—positioning it as a leading all‑in‑one SME financing platform in the region.

Warung Pintar

Series A in 2019
Warung Pintar is a micro retail technology company in Indonesia that aims to digitalize commerce for underserved communities. It uses data processing and analytics to capture insights from the bottom of the pyramid to support financial inclusion, social security, behavior analysis, and community engagement, with impact monitoring. The company also provides an end-to-end business platform for small retailers, featuring supply chain digitization, integrated applications, financial services, data analytics, and e-commerce tools to help manage inventory and resources more efficiently.

PAYFAZZ

Venture Round in 2018
PT Payfazz Teknologi Nusantara is a financial technology company focused on providing an agency-based financial platform designed to serve the unbanked population in Indonesia. The platform facilitates secure digital transactions, including bill payments, loans, money transfers, savings accounts, and investment services, thus enhancing financial accessibility for users without bank accounts. PAYFAZZ collaborates with various partners, including banks and financial institutions, to establish a distributed network of agents that streamline payment processes. With a commitment to security, the company employs advanced security measures such as GeoTrust SSL, User ID, and Password protections. Through its innovative solutions, PAYFAZZ aims to contribute to the digital transformation of Indonesia's financial landscape and improve its position within Southeast Asia.

Fazz

Series A in 2018
Founded in 2016, Fazz is a Singapore and Indonesia-based company that empowers merchants from small businesses to large corporations across Southeast Asia. It offers Fazz Agen, serving micro and small enterprises, and Fazz Business, providing payment solutions, capital growth opportunities, and funding access.

Warung Pintar

Seed Round in 2018
Warung Pintar is a micro retail technology company in Indonesia that aims to digitalize commerce for underserved communities. It uses data processing and analytics to capture insights from the bottom of the pyramid to support financial inclusion, social security, behavior analysis, and community engagement, with impact monitoring. The company also provides an end-to-end business platform for small retailers, featuring supply chain digitization, integrated applications, financial services, data analytics, and e-commerce tools to help manage inventory and resources more efficiently.

SOCASH

Series A in 2018
SOCASH Pte Ltd. is a Singapore-based company founded in 2016 that operates a digital platform facilitating cash transactions without the reliance on traditional banking infrastructure such as ATMs or branches. The application allows users to withdraw and deposit cash by placing orders and selecting local merchants or neighborhood shops for fulfillment. This innovative approach not only enhances cash circulation but also provides an opportunity for shop owners to increase their revenue and attract more customers. SOCASH's services extend beyond Singapore, as the company is also operational in Indonesia and Malaysia, contributing to a broader regional cash and digital payment ecosystem.

PAYFAZZ

Convertible Note in 2017
PT Payfazz Teknologi Nusantara is a financial technology company focused on providing an agency-based financial platform designed to serve the unbanked population in Indonesia. The platform facilitates secure digital transactions, including bill payments, loans, money transfers, savings accounts, and investment services, thus enhancing financial accessibility for users without bank accounts. PAYFAZZ collaborates with various partners, including banks and financial institutions, to establish a distributed network of agents that streamline payment processes. With a commitment to security, the company employs advanced security measures such as GeoTrust SSL, User ID, and Password protections. Through its innovative solutions, PAYFAZZ aims to contribute to the digital transformation of Indonesia's financial landscape and improve its position within Southeast Asia.

Validus

Venture Round in 2017
Validus is a Southeast Asian fintech company that leverages data and artificial intelligence to provide growth financing to underserved small and medium enterprises. Headquartered in Singapore, it operates in Indonesia, Vietnam, and Thailand, partnering with corporations to deliver supply‑chain financing solutions that support local SME ecosystems. The firm holds a Capital Markets Services licence from the Monetary Authority of Singapore and its Indonesian subsidiary is registered with the OJK. Backed by prominent venture capital investors, Validus offers a comprehensive suite of financial services—including SME lending, crowd‑lending, business accounts, corporate cards, expense management, money transfers, and foreign remittance—positioning it as a leading all‑in‑one SME financing platform in the region.

HappyFresh

Series B in 2016
HappyFresh is a leading online grocery company based in Jakarta, Indonesia, with operations extending to Malaysia and Thailand since its establishment in 2015. The company aims to simplify the grocery shopping experience by providing a platform where customers can order groceries from local stores and have them delivered directly to their doors. With a focus on high-quality service, HappyFresh employs trained personal shoppers who ensure that customers receive fresh and carefully selected products. This approach alleviates the challenges associated with traditional grocery shopping, such as parking, navigating aisles, and carrying heavy bags, allowing customers to save time and enjoy a more convenient shopping experience. HappyFresh has gained recognition as one of Asia's best companies to work for, reflecting its commitment to both customer satisfaction and employee welfare.

HappyFresh

Series A in 2015
HappyFresh is a leading online grocery company based in Jakarta, Indonesia, with operations extending to Malaysia and Thailand since its establishment in 2015. The company aims to simplify the grocery shopping experience by providing a platform where customers can order groceries from local stores and have them delivered directly to their doors. With a focus on high-quality service, HappyFresh employs trained personal shoppers who ensure that customers receive fresh and carefully selected products. This approach alleviates the challenges associated with traditional grocery shopping, such as parking, navigating aisles, and carrying heavy bags, allowing customers to save time and enjoy a more convenient shopping experience. HappyFresh has gained recognition as one of Asia's best companies to work for, reflecting its commitment to both customer satisfaction and employee welfare.

Grab

Series C in 2014
Grab is a Southeast Asia-based mobile platform that integrates ride-hailing, food and grocery delivery, and financial services, connecting drivers, merchants, and customers through a single app. It operates in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar, and holds a leading market share in ride-hailing and food delivery, with 89% of revenue derived from these core businesses. The company also offers payments, consumer loans, and enterprise financial services. It charges commissions to both riders and merchants as it links them with consumers. Founded in 2012 by Anthony Tan and Tan Hooi Ling, Grab is headquartered in Singapore and maintains offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam. In 2024, Singapore, Indonesia, and Malaysia together contributed more than 70% of revenue.

Grab

Series B in 2014
Grab is a Southeast Asia-based mobile platform that integrates ride-hailing, food and grocery delivery, and financial services, connecting drivers, merchants, and customers through a single app. It operates in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar, and holds a leading market share in ride-hailing and food delivery, with 89% of revenue derived from these core businesses. The company also offers payments, consumer loans, and enterprise financial services. It charges commissions to both riders and merchants as it links them with consumers. Founded in 2012 by Anthony Tan and Tan Hooi Ling, Grab is headquartered in Singapore and maintains offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam. In 2024, Singapore, Indonesia, and Malaysia together contributed more than 70% of revenue.

Grab

Series A in 2013
Grab is a Southeast Asia-based mobile platform that integrates ride-hailing, food and grocery delivery, and financial services, connecting drivers, merchants, and customers through a single app. It operates in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar, and holds a leading market share in ride-hailing and food delivery, with 89% of revenue derived from these core businesses. The company also offers payments, consumer loans, and enterprise financial services. It charges commissions to both riders and merchants as it links them with consumers. Founded in 2012 by Anthony Tan and Tan Hooi Ling, Grab is headquartered in Singapore and maintains offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam. In 2024, Singapore, Indonesia, and Malaysia together contributed more than 70% of revenue.

Reebonz Holding

Series C in 2013
Reebonz Holding Limited is a Singapore-based company that operates an online marketplace specializing in the buying and selling of new and pre-owned luxury products across Southeast Asia and the Asia Pacific region. Founded in 2009, Reebonz offers a diverse range of luxury goods, including handbags, small leather goods, accessories, shoes, watches, and jewelry. The platform operates on a membership basis, providing exclusive time-limited sales events to its members, featuring over 100 luxury brands. Reebonz ensures the authenticity of its products and supports interest-free installment payments via selected bank credit cards. The company has established a presence in multiple countries, including Malaysia, Thailand, Indonesia, and Australia, among others, enhancing its reach within the luxury market.
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