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Celebes Capital, officially known as PT Celebes Artha Ventura, is a pioneering venture capital firm established in 1996 by the Kolonas family. Based in Jakarta, Indonesia, the firm has a strong focus on developing small and medium enterprises (SMEs) across various sectors. Celebes Capital has built a portfolio of 15 companies, achieving notable exits to major regional players such as Maybank, Orix, and BCA.
The firm operates with a family-backed evergreen capital model, which allows for long-term investment strategies. Celebes Capital emphasizes hands-on venture building and has developed a deep network within Indonesia, enabling it to support its portfolio companies effectively. The firm has consistently focused on sectors that drive economic growth, including fintech, insurtech, and food-agtech.
Celebes Capital invests primarily in fintech, insurtech, and food-agtech sectors, targeting companies at various stages, including Seed, Series A, and Growth Equity. The firm typically takes minority positions in its investments, with check sizes ranging from $500K to $5M. This investment strategy aligns with their venture builder model, which emphasizes sustainable competitive advantages for the SMEs they support.
Geographically, Celebes Capital focuses on Indonesia and the broader Southeast Asia region. The firm seeks to partner with founders who demonstrate a clear vision and a commitment to building scalable businesses. Celebes Capital's investment thesis revolves around backing companies that not only show potential for growth but also contribute positively to the local economy.
Celebes Capital's portfolio consists of 15 companies, showcasing a diverse range of sectors. Notable portfolio companies include:
In addition to these active investments, Celebes Capital has achieved notable exits, including WOM Finance, SMS Finance, and CS Finance, with WOM Finance being acquired by Maybank.
Hendrick Kolonas: Founder of Celebes Capital, Hendrick has extensive experience in venture capital and entrepreneurship. He has led numerous successful investments in the Indonesian market, focusing on sectors that drive economic growth.
To pitch to Celebes Capital, founders should reach out via email, including a concise deck that outlines their business model, market opportunity, and competitive landscape. The firm appreciates clear and direct communication. A warm introduction from a mutual connection can significantly improve the chances of a successful pitch.
Founders can expect a response within a few weeks of submission. It is advisable to follow up if no response is received within that timeframe.
On June 1, 2024, Celebes Capital made its latest investment, continuing its active support of emerging companies in Indonesia. Over the past 12 months, the firm has completed two investments, reinforcing its commitment to fostering growth in the fintech, insurtech, and food-agtech sectors.
What are Celebes Capital's investment criteria?
Celebes Capital focuses on investing in small and medium enterprises (SMEs) within the fintech, insurtech, and food-agtech sectors. The firm typically invests in companies at the Seed, Series A, and Growth Equity stages, with check sizes ranging from $500K to $5M.
How can founders apply or pitch to Celebes Capital?
Founders interested in pitching to Celebes Capital should prepare a detailed business plan that outlines their vision, market opportunity, and competitive advantage. Direct outreach via email is encouraged, and a warm introduction can enhance the chances of a successful pitch.
What makes Celebes Capital different from other VC firms?
Celebes Capital is distinguished by its family-backed evergreen capital model, which allows for long-term investments. The firm also emphasizes a hands-on venture building approach, leveraging its deep local network to support portfolio companies effectively.
What is Celebes Capital's geographic scope?
The firm primarily focuses on investments in Indonesia, with an interest in expanding its reach within Southeast Asia. This regional focus allows Celebes Capital to leverage its understanding of local market dynamics.
What is Celebes Capital's post-investment involvement like?
Celebes Capital takes an active role in supporting its portfolio companies, providing mentorship, operational support, and access to its extensive network. The firm aims to foster long-term growth and sustainability in its investments.
What is the typical response time for pitch submissions?
Response times can vary, but founders can generally expect to hear back within a few weeks after submitting their pitch. Timely follow-ups are recommended to maintain engagement.
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