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Kejora Capital is a venture capital firm founded in 2014 by Andy Zain in Jakarta, Indonesia. The firm has grown to manage over $600 million in assets under management (AUM) and maintains a portfolio of 75 to 82 companies. Kejora Capital is recognized as the #1 fund in Southeast Asia and ranked among the Top 10 Global funds by Preqin for the years 2020 and 2021. The firm operates from its offices in Jakarta and Singapore, focusing on early to growth-stage investments.
Over the years, Kejora Capital has established itself as a significant player in the Southeast Asian venture capital scene, particularly with its Indonesia-first approach. The firm has achieved notable milestones, including a positive return rate of approximately 80%. Kejora Capital is committed to reducing the fundraising burden on founders by offering check sizes that are often 2 to 3 times the requested amount, thereby enhancing their ability to scale effectively.
Kejora Capital invests across a diverse range of sectors, including fintech, healthtech, sustainability and renewable energy, agritech, media, and edtech. The firm targets early and growth-stage tech startups, providing check sizes ranging from $1 million to $30 million. This investment strategy is designed to support companies that are poised for significant growth in the Southeast Asian market, particularly in Indonesia.
The firm emphasizes a hands-on approach, engaging in multiple investment rounds and offering resources beyond capital, such as market insights and access to a robust regional network. Kejora Capital's investment thesis centers on identifying innovative companies that can create positive impacts in their respective markets, aligning with their commitment to sustainability and technological advancement.
Kejora Capital's portfolio includes a variety of notable companies across different sectors. Key portfolio companies include:
In addition to these active investments, Kejora Capital has successfully exited from companies such as Gushcloud, Jualo, and Hipwee, showcasing its ability to identify and nurture high-potential startups.
Andy Zain: Managing Partner, founder of Kejora Capital, with a background in the mobile industry and extensive experience in venture capital.
Raymond Hor: Fund Director Orbit Malaysia, specializing in investment strategies and portfolio management.
Katharine Tan: SVP Operations, responsible for overseeing operational efficiency and strategic initiatives within the firm.
Eri Reksoprodjo: Partner and Fund Director, with expertise in financial analysis and investment evaluation.
Indra Leonardi: Finance Accounting Tax, managing financial operations and compliance.
Chelsea Darma: Portfolio Manager, focusing on supporting portfolio companies and enhancing their growth potential.
Ryo Limijaya: VP Portfolio, involved in managing relationships with portfolio companies and monitoring performance.
Calvin Jonathan: Portfolio Associate, assisting in investment analysis and due diligence processes.
Martha Widyaputra: Project Accounting Manager, overseeing project finances and reporting.
Yohanes Nugraha: VP Corporate Strategy & Compliance, ensuring alignment with corporate governance and strategic objectives.
Startups interested in pitching to Kejora Capital should submit their proposals through the firm's website. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. Response times may vary, but founders can expect feedback within a few weeks.
On December 1, 2025, Kejora Capital made its latest investment, continuing its active engagement in the Southeast Asian startup ecosystem. Over the past 12 months, the firm has completed 10 investments, demonstrating its commitment to supporting innovative companies in the region.
Kejora Capital has also been recognized for its strong performance, maintaining a portfolio of 75 to 82 companies and achieving an impressive 80% positive return rate. The firm continues to solidify its position as a leading venture capital player in Southeast Asia.
What are Kejora Capital's investment criteria?
Kejora Capital focuses on early to growth-stage tech startups in Southeast Asia, particularly in Indonesia. They invest across various sectors, including fintech, healthtech, agritech, edtech, and sustainability. The firm typically offers check sizes ranging from $1 million to $30 million.
How can startups apply or pitch to Kejora Capital?
Startups can pitch to Kejora Capital through their website at www.kejorahq.com. It is advisable to include a detailed business plan, market analysis, and financial projections in the pitch deck.
What makes Kejora Capital different from other VC firms?
Kejora Capital distinguishes itself by offering generous check sizes that often exceed the requested amounts, thereby alleviating the fundraising burden on founders. Additionally, the firm provides extensive market insights and access to a strong regional network to support portfolio companies.
What is Kejora Capital's geographic scope?
The firm primarily focuses on Southeast Asia, with a strong emphasis on Indonesia. This regional focus allows them to leverage their deep market expertise and connections.
What is Kejora Capital's post-investment involvement like?
Kejora Capital engages actively with its portfolio companies, providing not only capital but also strategic guidance, market insights, and access to their extensive network. They participate in multiple investment rounds to support the growth of their companies.
What is the fund size and check size range for Kejora Capital?
Kejora Capital manages over $600 million in assets and typically invests between $1 million and $30 million in each startup.
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