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Agaeti Venture Capital is an early-stage venture capital firm founded in 2018 by experienced entrepreneurs and investors in Jakarta, Indonesia. The firm focuses on providing strategic value and partnership beyond capital contribution to optimize growth and impact for its portfolio companies. Since its inception, Agaeti has aimed to support innovative startups that can drive significant change in their respective industries.
As of now, Agaeti manages a debut fund of $10 million, which has been deployed across 27 startups within a short span of less than two years. The firm primarily targets technology-enabled startups in Indonesia and those expanding into Southeast Asia. Notable milestones include a merger with Convergence Ventures in April 2020, forming AC Ventures, which continues to operate under the strategic vision established by Agaeti.
With a team of experienced professionals, Agaeti Venture Capital emphasizes the importance of strategic partnerships to enhance the growth trajectory of its portfolio companies. The firm is located in the bustling business district of Jakarta, contributing to its strong presence in the Southeast Asian startup ecosystem.
Agaeti Venture Capital invests in Pre-seed, Seed, and Series A technology-enabled startups, primarily in Indonesia and those expanding into Southeast Asia. The firm has a diverse sector focus, including fintech, healthcare, consumer products, logistics, edtech, media, food-agtech, artificial intelligence, web3, and climate technology. This broad investment strategy allows Agaeti to tap into various high-growth industries.
The firm emphasizes the importance of strategic partnerships, aiming to provide more than just financial support. Agaeti seeks to foster growth through collaboration and support, helping startups navigate challenges and seize market opportunities. The typical check size ranges from $3.45 million for seed rounds to approximately $7.96 million for Series A rounds, reflecting the firm's commitment to investing in promising early-stage companies.
Agaeti Venture Capital has built a diverse portfolio of 27 companies across various sectors. Notable portfolio companies include:
Notable exits from the portfolio include Fore Coffee, Warung Pintar, and Bizzy, showcasing Agaeti's ability to identify and support high-potential startups.
Pandu Sjahrir - General Partner. Pandu has a strong background in entrepreneurship and investment, having co-founded several successful startups in Indonesia. He has extensive experience in venture capital and has led multiple investments in the region.
Michael Soerijadji - General Partner. Michael is a seasoned investor with a focus on technology startups. He has a track record of successful investments and has played a pivotal role in shaping Agaeti's investment strategy.
Erwin Sutanto - Venture Partner. Erwin brings a wealth of experience in business development and strategic partnerships, helping portfolio companies scale effectively.
Kenneth Darmansjah - Investment Associate. Kenneth focuses on sourcing and evaluating new investment opportunities, leveraging his analytical skills to assess startup potential.
Laura Lestari - Investment Associate. Laura supports the investment team in due diligence and portfolio management, contributing to the firm's operational efficiency.
Arya Sena - Investment Analyst. Arya conducts market research and analysis to identify trends and opportunities within the startup ecosystem, aiding in investment decision-making.
Startups interested in pitching to Agaeti Venture Capital should submit their proposals via email to pitch@agaeti.vc. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications. The firm typically reviews submissions promptly, and founders can expect a response within a few weeks. Warm introductions are preferred but not mandatory.
On April 5, 2020, Agaeti Venture Capital merged with Convergence Ventures to form AC Ventures, a significant development in the Indonesian venture capital landscape. This merger aimed to enhance the firm's capabilities in supporting early-stage startups across Southeast Asia.
Prior to the merger, Agaeti had successfully deployed its $10 million debut fund into 27 startups, demonstrating its commitment to fostering innovation in the region. The firm has been active in sectors such as fintech, healthcare, and logistics, with notable portfolio companies including Waste4Change, Alami, and ONIC ESPORTS.
What are Agaeti Venture Capital's investment criteria?
Agaeti Venture Capital focuses on early-stage, technology-enabled startups in Indonesia and Southeast Asia, particularly in sectors such as fintech, healthcare, and logistics. They prefer companies that demonstrate strong growth potential and innovative solutions.
How can startups apply or pitch to Agaeti Venture Capital?
Startups can pitch to Agaeti Venture Capital by sending an email to pitch@agaeti.vc. It is advisable to include a detailed pitch deck outlining the business model, market opportunity, and team background.
What makes Agaeti Venture Capital different from other investors?
Agaeti Venture Capital emphasizes strategic partnerships and provides support beyond financial investment. Their team leverages extensive industry experience to assist portfolio companies in navigating challenges and optimizing growth.
What is the geographic scope of Agaeti Venture Capital's investments?
The firm primarily invests in Indonesia and seeks opportunities in Southeast Asia, focusing on startups that have the potential to expand regionally.
What is the typical fund size and check size for investments?
Agaeti Venture Capital's debut fund size is $10 million, with average seed round investments around $3.45 million and Series A investments approximately $7.96 million.
What kind of post-investment involvement does Agaeti Venture Capital have?
Agaeti Venture Capital actively engages with its portfolio companies, providing mentorship, strategic guidance, and access to their extensive network to help startups achieve their growth objectives.
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