Funded Startups in Indonesia
Disclosed round sizes in these 15 Indonesia entries cluster tightly at the mid-double-digit million level, except for one clear outlier: Kopi Kenangan rais…
Disclosed round sizes in these 15 Indonesia entries cluster tightly at the mid-double-digit million level, except for one clear outlier: Kopi Kenangan raised $209M (2020-05-12), which dwarfs the next-largest disclosed round in the list, Payfazz’s $53M (2020-07-06) and Moladin’s $35M (2025-11-09). The disclosed amounts also show stage-side clustering: five of the 15 rows are labeled “Series Unknown,” and three of those are among the newest entries (Moladin 2025-11-09, Ayoconnect 2025-09-27; plus another “Series Unknown” is Aruna 2020-08-12).
Geographically, most rounds are tied to Jakarta or Jakarta Raya address variants, with multiple distinct neighborhoods/cities appearing under that umbrella (e.g., Moladin in Jakarta; IDRX, Ayoconnect, and Payfazz in Jakarta; Qoala and Kargo Technologies in Kebayoran Baru and Jakarta Raya, respectively). Temporally, the list spans 2020-02-18 (Eureka) through 2025-11-09 (Moladin), with a distinct “recent window” where three disclosed amounts appear in November–October 2025 (Moladin $35M on 2025-11-09; Increase Laboratorium Indonesia is undisclosed on 2025-11-04; IDRX $250K on 2025-10-04).
Most recent rounds
15 shownRelated listings
Frequently asked
What stands out on round size—does one company dominate the disclosed amounts in this Indonesia list?
Kopi Kenangan’s $209M (2020-05-12) is the largest disclosed round in the 15-row view, and it materially outweighs the next-largest disclosed amounts: Payfazz’s $53M (2020-07-06) and Moladin’s $35M (2025-11-09).
Are there concentrations in time, especially among the newest rounds?
Yes. The most recent 90-day band around the latest date (through 2025-11-09) includes Moladin ($35M, 2025-11-09), Increase Laboratorium Indonesia (undisclosed, 2025-11-04), and IDRX ($250K, 2025-10-04), creating a tight late-2025 cluster alongside much older entries starting in 2020.
Which stage labels appear most often, and is “Series Unknown” concentrated near the top of the list?
“Series Unknown” appears in 5 of 15 rows, including Moladin (2025-11-09) and Ayoconnect (2025-09-27). Most of the remaining “Series Unknown” entries sit in 2020 (e.g., Aruna 2020-08-12; Wahyoo 2020-08-05), rather than being exclusively a recent phenomenon.
Do any sectors repeat frequently across multiple companies in this subset?
Financial Services appears in multiple entries (Ayoconnect, Payfazz, Qoala) and shows both large and mid-size disclosed rounds in this view ($5M for Ayoconnect on 2025-09-27; $53M for Payfazz on 2020-07-06; $14M for Qoala on 2020-04-28).
Are there notable outliers in the newest entries by disclosed amount?
Within the late-2025 window, IDRX’s disclosed amount is $250K (2025-10-04), which is far smaller than Moladin’s $35M (2025-11-09). Increase Laboratorium Indonesia is labeled “undisclosed” on 2025-11-04, so comparisons there are limited to the two disclosed rounds.
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