Indonesia

Indonesian healthcare biotechnology firm PathGen raises funding from East Ventures, Royal Group Indonesia

PathGen Diagnostik Teknologi (PathGen), an Indonesia-based healthcare biotechnology startup, announced Friday that it has raised funding from venture capital firms East Ventures and Royal Group Indonesia.

Indonesia’s Jago raises $6M in Series A round led by Intudo Ventures, BEENEXT Accelerate

Jago, an Indonesia-based mobile café company, has on Wednesday announced the completion of a $6 million Series A round of financing.The funding is led by Intudo Ventures and BEENEXT Accelerate, with participation from ORZON Ventures and D Global Ventures.

Apple Developer Academy expands to Bali

American technology firm Apple announced Tuesday it will open Indonesia’s fourth Apple Developer Academy in Bali, expanding on its investment to increase opportunities for developers, students, and entrepreneurs looking to embark on careers in the region’s growing iOS app economy.

Nvidia, Indosat plan $200M AI centre investment in Indonesia – report

Nvidia and Indonesia's telco PT Indosat Ooredoo Hutchison plan to build an AI center in Central Java in 2024, worth $200 million.

Igloo partners with Tokopedia to extend insurance protection in Indonesia

Singapore-based insurtech firm Igloo has on Wednesday announced its partnership with one of Indonesia’s unicorns and leading e-commerce companies, Tokopedia, to make purchase protection products more accessible and convenient for consumers.

Singapore climate tech startup WasteX gets $450,000 from P4G Partnerships

WasteX, a Singapore-based climate tech company operating in Indonesia and the Philippines, has secured $450,000 in funds from P4G Partnerships, an initiative that helps businesses working on climate mitigation and adaptation solutions in food, water, and energy.

Indonesia’s FishLog successfully closes Pre-Series A extension round

Indonesian fisheries startup FishLog announced Tuesday that it has successfully closed its Pre-Series A extension round funding. The round saw participation from Mandiri Capital Indonesia, BNI ventures, Accel Partners, Insignia Ventures Partners, and Saison Capital. With investments from Mandiri Capital and BNI Ventures.

Vietnam’s VinFast officially opens first dealer store in Indonesia

Vietnamese automaker VinFast has officially opened its first dealer store in Indonesia. In addition to partnering with PT Gallerie Setia Utama, VinFast plans to significantly expand its EV distribution network across major cities in Indonesia throughout 2024.

Indonesia’s PasarPolis reports two times revenue growth since its last funding round until 2023

PasarPolis, a Insurtech company based in Indonesia, has reported a 2 times revenue growth since its last funding round until 2023. It has maintained a positive gross margin since its first year of operation, demonstrating its financial strength and stability.

Tracxn : Indonesian tech startups funding declines 36 percent in first quarter

The Indonesia tech sector secured a total funding of $91.7 million in the first quarter of 2024 to date (till March 15, 2024), which is a drop of 36 percent from $143 million raised in the same period last year (till March 15, 2023). Tracxn said Thursday.