Venture Capital

Convergence Ventures

Investment Details

Investor Type
Venture Capital

Asset Class Focus
Venture Capital

Stage Focus
Seed, Early Stage, Series A, Series B

Geographical Focus
Indonesia

Industries Focus

  • Technology
  • Consumer
  • FinTech
  • Digital Media
  • B2B
  • SME

Investment Size:
50,000 to 250,000 USD

Investor Details

Convergence Ventures is an early-stage technology venture fund focused on investing in Indonesia's digital disruptors. The firm is led by partners Adrian Li and Donald Wihardja, who bring extensive operating experience in internet and mobile businesses within emerging markets. Their mission is to empower exceptional founders to build impactful businesses for Indonesia and the Southeast Asia region.

The firm primarily invests in companies targeting the Indonesian market or those with expansion strategies for Indonesia. Convergence Ventures seeks business models that have demonstrated success in more mature technology markets, such as the US and China. Their investment approach is hands-on, leveraging their operating experience to work closely with founders and their teams to address strategic challenges and facilitate cross-portfolio knowledge sharing.

Beyond capital, Convergence Ventures offers support services including digital marketing and SEO, talent search and development, and product testing. They also provide access to a vast network of corporates, strategic partners, investors, media, and talent to assist portfolio companies in their growth journey. The firm's advisory board and limited partners, hailing from the US, Asia, and Indonesia, bring deep industry insights and global networks to their portfolio companies.

Founded in 2014, Convergence Ventures has been instrumental in supporting the growth of Indonesia's startup ecosystem, backing founders who aim to reshape markets with disruptive new business models. Their portfolio includes investments in sectors such as fintech, digital media, and consumer technology, reflecting their commitment to fostering innovation and entrepreneurship in Indonesia.

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