Jakarta, [ ] September 2018
Venturra Capital’s new seed arm, Venturra Discovery was launched last Wednesday, 26th September 2018. The launch event held in Venturra’s headquarters in Gedung Lippo Kuningan, was attended by fellow investors, startups and medias alike.
Since its inception in 2015, Venturra has been actively investing in tech-enabled companies primarily in South East Asia. The number of companies under its portfolio has grown to 22 companies through its Fund I, with big names such as Ruang Guru, Zilingo, Sociolla, Fabelio, Shopback, and HappyFresh, among others. This covers industries including e-Commerce, financial technology, marketplace, healthcare, education, and etc.
According to an article by Tech in Asia, money funneled to investments in South East Asia is at its record high. 2017, closed the year with close to USD 8 billion in funding, a steep increase from the USD 2.5 billion raised in 2016. Most of the money invested, 94% to be exact, went to unicorn mega deals such as USD 2 billion to Grab, USD 1.75 billion to Go-Jek, USD 500 million to Traveloka, USD 1.1 billion to Tokopedia, etc. The remaining 4% went to both early stage and late stage companies, with more deals happening in the latter.
As a benchmark, according to Cento Venture’s South East Asia Tech Investments 2017 report, the number of deals happening in USD 500K or smaller deals, dropped to 78 deals in 2017, compared to 135 in 2016. While deals happening in the USD 2 million – USD 5 million stage went up 46 deals, compared to 33 deals in 2016.
Seeing the decrease in early stage deals, Venturra would like to fill a gap and play a part in the creation of new companies. With its new fund, Venturra Discovery, Venturra is planning to invest in 30-40 over the next 4 years, with check sizes ranging from USD 200,000 – USD 500,000. With previous experience in growing mid stage companies in their previous fund, Venturra Discovery aims to share guidance, insights and apply that knowledge to grow early stage companies. To date, Venturra Discovery has backed 3 companies, and is looking to invest in more.
Ventura Discovery will be run by 3 partners, Raditya Pramana, along with Rudy Ramawy (ex-founding CEO of Google Indonesia), and John Riady (Executive Director of Lippo Group). Stefan Jung and Tee Plern Suraphongchai will sit on the Advisory Board of Venturra Discovery, while managing Venturra Fund I.
Raditya, who recently made Partner, has more than 5 years of experience in startup investing. He started his career doing seed investments in IMJ Investment Partners, where he led investments in companies such as Kudo (exited to Grab), Fabelio, and Kata.ai and was also involved in the investment of companies such as Bukalapak.
Raditya commented :
“I started my career doing seed investment, and I think that this is the most exciting stage, where you can work with the founders, and can shape the foundation and the direction of the company. With our experience growing mid stage companies and insights that we have gathered, and with the connections built in the past years, I hope we can bring added value to the founders.”