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1. TRACXN MONTHLY REPORT
FEBRUARY 2021
INDONESIA TECH

2. Indonesia Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Indonesia Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
New Analyst Picks 8
Acquisitions 9
Recent News 10

3. Indonesia Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech Snapshot – February 2021
Indonesia Tech: Snapshot – February 2021
Note : "Investors" refers to "Institutional Investors" only
3
$19.7M
4
Overall Geo Stats
8
1
14
4
6
Funding Rounds $ Invested Analyst Picks
FUNDtastic
Upgraded to
MINICORN
New Investors
Vertex Ventures
Indivara
Series A+ rounds Active Investors IPOs Acquisitions
Bizzy#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Jakarta
(5 Rounds, $19.7M)
$7.7M - Series A
FUNDtastic (2018, Jakarta, $7.7M)
$5M - Series B
PasarPolis (2015, Jakarta, $59M)
$5M - Series A
Dana Cita (2017, Jakarta, $5M)
$2M - Seed
Green Butcher (2020, Jakarta, $2M)
International Finance
Corporation
(1 Investments)
Kinesys Group
(1 Investments)
AltoPartners
(1 Investments)
Phitrust
(1 Investments)
Investment Tech
FUNDtastic
Alternative Lending
Dana Cita
Internet First Insurance
Platforms
PasarPolis
Food Tech
Green Butcher
Market Size
Companies Covered 5,062
Funded Companies 782
Total Funding $13.1B
Funding in last 12 months $3.7B
Top Exits
IPOs 19
Acquisitions 82
Company Stage
Unicorns 4
Soonicorns 17
Minicorns 73
Editor Picks 318
Series A+ 178
Series C+ 26
Acqui-Hires 8
Deadpooled 912
Top Cities
Jakarta (619 Rounds, $12.1B)
Bandung (28 Rounds, $26.0M)
Top Investors
East Ventures (87 Investments)
Alpha JWC Ventures (35
Investments)

4. Indonesia Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Indonesia Tech as of February 2021
Indonesia Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2021)*
FUNDtastic
(2018, Jakarta, $7.7M)
$7.7M - Series A Ascend Capital Group
Dana Cita
(2017, Jakarta, $5.0M)
$5.0M - Series A Monk's Hill Ventures
PasarPolis
(2015, Jakarta, $59.0M)
$5.0M - Series B
International Finance
Corporation
Green Butcher
(2020, Jakarta, $2.0M)
$2.0M - Seed Teja Ventures
*Shows only the lead Investors

5. Indonesia Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Indonesia Tech in February 2021
Indonesia Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$5.0M - Series B
PasarPolis (2015, Jakarta, $59.0M)
Online insurance comparison platform for individuals
International Finance Corporation
EARLY STAGE
$5.0M - Series A
Dana Cita (2017, Jakarta, $5.0M)
Online student loans platform
Monk's Hill Ventures, Qualgro
EARLY STAGE
$7.7M - Series A
FUNDtastic (2018, Jakarta, $7.7M)
App-based financial planning & advisory platform
Ascend Capital Group, Indivara
EARLY STAGE
Series A
RateS (2019, )
App based reward platform
Vertex Ventures, Genesis Ventures
SEED STAGE
$2.0M - Seed
Green Butcher (2020, Jakarta, $2.0M)
Platform offering plant-based meat substitute food
products
Teja Ventures, Unovis Partners, Phitrust, C4D Partners,
Simon Newstead, and 3 more
SEED STAGE
Seed
Saturdays (2015, Jakarta)
Online retail platform for designer eyewear.
AltoPartners, Alpha JWC Ventures, Kinesys Group

6. Indonesia Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Indonesia Tech in February 2021
Indonesia Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Vertex Ventures
125 portfolio companies | Early-stage VC firm investing in Southeast Asia and
India
RateS
App based reward platform
Undisclosed Series A
Indivara
1 portfolio companies | Provider of IT consulting and software development
services
FUNDtastic
App-based financial planning & advisory platform
$7.70M Series A
Teja Ventures
4 portfolio companies | Venture capital firm investing in tech sectors
Green Butcher
Platform offering plant-based meat substitute food products
$2.00M Seed
C4D Partners
8 portfolio companies | Investment arm of ICCO Cooperation focusing on
investments in SMEs
Green Butcher
Platform offering plant-based meat substitute food products
$2.00M Seed
Unovis Partners
7 portfolio companies | Venture capital firm investing in seed to early-stage
startups
Green Butcher
Platform offering plant-based meat substitute food products
$2.00M Seed
Phitrust
5 portfolio companies | Offers investment management, analysing, financing
and supporting services
Green Butcher
Platform offering plant-based meat substitute food products
$2.00M Seed
Genesis Ventures
7 portfolio companies | Venture debt focused private investment firm
RateS
App based reward platform
Undisclosed Series A
Ascend Capital Group
1 portfolio companies | M&A advisory firm for high-growth companies &
institutional investors
FUNDtastic
App-based financial planning & advisory platform
$7.70M Series A

7. Indonesia Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲3 Digital Wallets $1.4B 8 Gojek | $1.2B | Series F
2 ▲4 Bike Taxi $1.4B 5 Gojek | $1.2B | Series F
3 -- Online Horizontal Marketplace $1.1B 4 Tokopedia | $500M | Series H
4 ▼-3 Online Travel Agencies $250M 1 Traveloka | $250M | Series D
5 ▲4 On Demand Warehousing Marketplaces $100M 1 Waresix | $100M | Series B
6 -- Ecommerce Last Mile Delivery Services $100M 2 SiCepat | $100M | Series B
7 ▲1 Online Beauty Retailer $58.0M 1 Sociolla | $58.0M | Series E
8 -- Nephrology > Drugs $55.0M 1 KGbio | $55.0M | Series C
9 ▲7 Long Haul Trucking Marketplace $37.0M 3 Kargo | $31.0M | Series A
10 -- Mutual Funds Investment Platforms $33.5M 2 Bibit | $30.0M | Series B

8. Indonesia Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Indonesia Tech in February 2021
Indonesia Tech: Analyst Picks
8
Upgraded to MINICORN
FUNDtastic (2018, Jakarta, Undisclosed, Seed)
App-based financial planning & advisory platform
,Indivara,Ascend Capital Groupand
Added to Editor's Pick
Solite Kids (2016, Bangkalan, Unfunded)
Mobile game developer focusing on games for kids
Added to Editor's Pick
Green Butcher (2020, Jakarta, $2.0M, Seed)
Platform offering plant-based meat substitute food
products
Teja Ventures, Unovis Partners, Phitrust and 5 other
Investors
Added to Editor's Pick
Zahir Online (2014, Kemang, Unfunded)
Cloud-based accounting and financial analytics
software for businesses

9. Indonesia Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Indonesia Tech in February 2021
Indonesia Tech: Acquisitions
9
Acq. Date Company Acquirer Deal Size
24 Feb 2021
Bizzy(2015, Jakarta, $12.0M)
Online marketplace for office Supplies
Warung Pintar $45.0M

10. Indonesia Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Indonesia Tech in February 2021
Indonesia Tech:News
10
Exit News
.
● It is reported that Gojek will merge with Tokopedia before listing, and an
agreement may be reached as early a... 36Kr
.
● Traveloka plans US listing via SPAC in 2021 The Business Times

11. Indonesia Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Indonesia Tech on Tracxn Platform
Indonesia Tech: Explore more on Tracxn Platform
11
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Indonesia
AI Companies in Indonesia
Fintech Companies Indonesia
Consumer Digital in Indonesia
Company Due Diligence
Detailed profile of Tokopedia
Competitors of Traveloka
Cap Tables of Bukalapak
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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