ANTLER INDONESIA

Antler is where

serious teams

come to move faster

Build the next generation of category-defining companies from Indonesia.

Work with a team of ex-founders turned VCs, who’ve built, scaled, and exited companies ourselves. Join a global platform spanning 30+ hubs, 1,500+ startups, and billions in follow-on capital raised.

Applications are open on a rolling basis.

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Jakarta

Kickstart your VC funding

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Get early backing with Pre-Seed investment and ongoing support through follow-on funding up to Series C.

Receive dedicated coaching

Female partner coaching Antler founder

Get hands‑on guidance from Antler partners and operators. Each session is personalized and laser‑focused on helping you validate faster, run sharper experiments, and stay on track toward traction.

Move at lightning speed

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Months of trial and error structured into weeks. With clear milestones and rapid feedback loops, we push you to build, test and iterate at a pace that gets you investment-ready fast.

10x your network

Antler founder sitting down with his laptop smiling

Join a truly global community of builders and operators in Southeast Asia and while leveraging Antler’s global network to expand beyond borders.

Who is Antler for?

Ambitious founders and pre-existing teams who are committed to building venture-scale businesses. If you have a strong co-founder fit, a clear problem you’re tackling, and the drive to validate, experiment, and push toward traction, this program is for you.

How does it work?

The Build Sprint

Our Investment

Apply in Minutes

Converse with our guided AI voice chat. In just 30 minutes, answer tailored questions about your product, traction, and growth plans. Fast, simple, and designed to get to know your startup quickly.

Build Relentlessly

Join a 6 - 10 week sprint in Jakarta whenever you are ready.*
Work alongside seasoned operators, mentors, and peers to refine your model, test assumptions, and drive rapid customer validation.
*In-person attendance is required. Our residency provides relocation grants and visa guidance if you are coming from overseas to Indonesia.

Secure Initial Firepower

Get US $125K for 10% equity via SAFE—capital designed to help your team move with speed.

Committed Follow-on Funding

Antler matches 50% of what you raise externally from institutions (up to $250K). Secure $500K, and Antler adds $250K (T&Cs applied)

Scale Without Limits

Access up to $10M in follow-on funding opportunities and pitch to investors through our global showcases.

Antler founder pitching to crowd

Condense months of work into weeks.

From Jakarta, you’ll join a high-intensity sprint designed to accelerate every part of your startup journey. Alongside top founders, seasoned operators, and mentors, you’ll refine your model, stress-test assumptions, and push toward rapid customer validation.

  • Weekly operator office hours with founders who’ve built and exited.
  • Product, go-to-market, and fundraising sprints to sharpen execution.
  • Direct access to customers, mentors, and advisors for real-world feedback.

And it’s not just about coaching. Antler equips you with the resources to build at scale from day one:

  • $1K Grant upon Acceptance – immediate support for technical founders.
  • $250K+ in Technical Credits & Perks – AI infrastructure, GPU credits, advanced cloud tooling.
  • $1K Relocation Support – to help your team settle into Jakarta smoothly.
  • Free Office Space – build side by side with other ambitious founders.

Antler gives you the capital, coaching, and technical firepower to turn bold ideas into venture-scale companies. From validation to scaling, every perk and program element is designed to help you move faster, smarter, and with greater impact.

Three coworkers collaborating at a table, with one person on a phone call while the others review something on a laptop.
Maximizing your success–from being your earliest backer to a long-term capital partner who provides follow-on funding and access to top VCs.‍

1.⁠ ⁠Initial Investment

If your startup passes our investment committee, we will invest $125,000 for 10% of your company via a SAFE agreement. This initial capital empowers you to build your product, attract early customers, and prepare for your next funding round.

2.⁠ ⁠Follow-on Funding (Next 9 Months)

As you raise capital from external institutional investors, we will match 50% of the amount raised, up to $250,000, at the latest valuation.

Example: If you raise $500,000 externally, we’ll invest an additional $250,000, bringing your total early-stage funding to $875,000 ($125,000 initial + $500,000 external + $250,000 matching).

This matching mechanism accelerates your growth while keeping terms founder-friendly.

3.⁠ ⁠Growth-stage Funding (Series A to C)

• Access our global network of investors through Antler’s Portfolio Showcase.
• Potential investment of up to $10 million to fuel your growth through Series C.
• Ongoing support to refine your strategy and prepare for future fundraising

Antler cohort having a group meeting in circle

Powering builders with CAPITAL AND PERKS

  • $1K Grant upon acceptance for tech builders
  • $250K in Technical Credits & Perks AI & Cloud Infrastructure
  • $1K Relocation Support
  • Free Office Space beyond the residency

Antler gives you not only the capital and coaching but also the technical firepower to turn bold ideas into venture-scale companies. Access GPU credits, advanced AI tooling, and cloud services from top partners to validate and scale faster.

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Bahadir Özdemir

Co-founder

Airalo

Wisnu Nugrahadi

Co-founder & CEO

Staffinc

Antler was our first investor—an incubator of optimists. Joining Antler wasn’t just about funding; it was about surrounding ourselves with people who see potential, take risks, and build. For anyone wondering if they should take the leap with Antler, my answer is an optimistic YES. There’s a big chance it could change your life, and I would do it all over again if I could.

Joining Antler connected us to an incredible global network of founders, investors, and mentors. Being part of this community gave us opportunities and insights we simply couldn’t have accessed on our own.

We’ve helped put hundreds of founders on the path to success

Fuelled by a passion that goes beyond traditional investing, we exist to increase our founders’ speed and maximise their success rate in solving important problems.

10,000+

Founders supported

1500+

Portfolio companies

30%

Companies with > 1 female founder

2018

Year Antler started

#1

Most active VC investor globally

24

Offices globally

Gapai

Connect Indonesian workers to offshore job opportunities

Indonesia
ConsumerTech
2022

Match Made

Reconciliation Tools for Enterprise

Indonesia
B2B Software
2023

Kora

Integrated Co-Farming company that focuses on empowering farmers through post-harvesting technology

Singapore
Industrials
2023

Agri Sparta

Industrializing rice farming

Indonesia
Industrials
2023

Dash Electric

Sustainable and efficient electric vehicle (EV) fleet for on-demand delivery services

Indonesia
Industrials
2023

HealthPro

On demand Automation platform of vetted healthcare workers for Hospitals & Clinics

Indonesia
Health and BioTech
2022

Stofee

End to end operating system for fashion

Indonesia
Industrials
2023

Ovy Health

A women’s health platform integrating fertility tracking, virtual care, and clinic coordination to make reproductive healthcare more accessible and personalized across Southeast Asia.

Indonesia
Health and BioTech
2023

Lunash.id

AI-driven debt management solution that enables businesses to recover debts more effectively

Indonesia
FinTech
2024

YOBO

YOBO (Your Own Business Online) is an AI-powered sales CRM and marketing automation platform that helps offline and omnichannel businesses drive repeat sales, customer retention, and personalized engagement—all seamlessly integrated with WhatsApp and payments.

Indonesia
B2B Software
2024

SPUN

Streamlining visa creation with AI & automation for a more delightful global mobility

Indonesia
ConsumerTech
2024

Manuport

End-to-End Supply Chain Solution for Apparel Industry

Indonesia
B2B Software
2023
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FREQUENTLY —ASKED QUESTIONS

Unlike Antler’s company formation programs that focus heavily on co-founder matching and ideation, the Indonesia residency is a 6-week sprint for teams already in motion. You’ll spend less time searching for partners and more time running fast experiments, testing assumptions, securing clients, and pushing toward investment readiness.

Yes, even if you have already raised some funding, Antler can help accelerate your growth. We provide additional capital, strategic mentorship, and access to our global network of investors and industry experts to help you scale faster and reach your next milestones more efficiently.

You’ll get weekly coaching sessions, access to technical perks, resources, connections, office hours with regional partners, and the chance to present at Friday townhalls. You’ll also work out of our Jakarta office alongside other ambitious teams, with access to workspace, meeting rooms, and a vibrant community that accelerates progress. If your team is relocating to Indonesia for the residency, a relocation grant will be provided to help you settle in smoothly.

Differing from other Antler locations, we are accepting teams on a rolling basis to the residency in Indonesia. This means teams are welcomed to join us in Jakarta anytime throughout the year once they are ready to commit full-time to building a startup.

Antler invests in a wide range of sectors, including fintech, healthcare, SaaS, e‑commerce and more. Globally, we’ve backed over 1 000 companies across diverse industries, with a focus on those leveraging technology to scale and build innovative solutions. More importantly, we look for founders addressing pressing problems with scalable, high‑impact ideas that can succeed on a global stage.

This program is specifically built for founders or pre-existing teams who already have: a clear problem, strong founder-market-fit, and a product direction. If you’re working on validating your business model or starting to develop your MVP, you’re exactly who we’re looking for.

Yes, we require that all teams have at least two co-founders. The best startups are built by strong, complementary teams who can scale beyond product development—meaning technical excellence should be matched with go-to-market execution.

Having a co-founder significantly improves a startup’s chances of success by distributing responsibilities, enabling faster execution, and making the business more investable.

If you don’t have a co-founder yet, we are happy to support in finding one through our community before applying.

Yes. To get the most out of the sprint, founders are expected to commit full time, in person. The pace is fast, and progress depends on your team being fully focused on building, testing, and iterating during the program.

Yes, we’re looking for teams that are already in motion. That means you don’t need a perfectly polished product, but you do need more than just an idea. The program is designed for founders who already have a team (or co‑founder) they’re working with, are clear on a problem worth solving and have started shaping a direction for their product or solution. Our focus is on helping teams validate faster, run sharper experiments, and push toward traction.

This program is specifically built for founders or pre-existing teams who already have: a clear problem, strong founder-market-fit, and a product direction. If you’re working on validating your business model or starting to develop your MVP, you’re exactly who we’re looking for.

Ready?
Apply with our AI

Hit apply below to start the conversation with our AI-native application process, or simply ask us any questions you still have. If you are having issues with the AI conversation, please email us at indonesiascouting@antler.co.

Apply with AI
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THE ANTLER IN INDONESIA TEAM

Jussi Salovaara

Co-founder and Managing Partner

Spokesperson

As Co-founder and Managing Partner Asia, Jussi works with a global team dedicated to building the most defining technology companies of tomorrow. Jussi leads Antler’s investments in the APAC region and supports founders in building and scaling their businesses, especially with growth and fundraising. He has over a decade of experience across different industries at Nokia, McKinsey, Deloitte and Morgan Stanley.

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Agung Bezharie Hadinegoro

Partner

Spokesperson

Agung brings over a decade of entrepreneurial and venture capital experience. Prior to Antler, he was the Co-founder and CEO of Warung Pintar, the largest B2B e-commerce platform in the country, empowering over half a million traditional retailers. Prior to his entrepreneurial endeavors, Agung actively engaged with the tech startup community, working as an investment associate at East Ventures and running incubator programs at the Global Entrepreneurship Program Indonesia (GEPI). He obtained his bachelor's and master's degrees from Bandung Institute of Technology (ITB), and his accomplishments were recognized when he was honored as one of Forbes' 30 Under 30 Asia in 2019.

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Winnie Khoo

Partner

Spokesperson

With over 25 years of experience in tech and startups across Asia, Winnie is a seasoned operator with leadership roles at Alibaba, PropertyGuru, and Carousell. Currently Partner in Singapore, where Antler is headquartered, she shares responsibility for the firm's operations in Southeast Asia.

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Lorenzo Peracchione

Venture Partner

Spokesperson

Lorenzo is a Venture Partner at Antler supporting founders across Southeast Asia. He co-founded Lummo (formerly BukuKas) in 2019, whose products BukuKas and LummoShop have been adopted by millions of businesses and backed by Sequoia Capital, Tiger Global, Google, and other top-tier investors. Before founding Lummo, Lorenzo led Sephora’s e-commerce and mobile transformation in 10 markets across SEA and ANZ, and scaled Luxola Thailand prior to its acquisition by LVMH. He also played key roles at Rocket Internet ventures Lamudi and Lazada, helping launch and grow operations in Indonesia from the ground up.

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Hiro Kiga

Partner

Spokesperson

Hiro brings a unique mix of entrepreneurial and investing experience to the Antler team. 

He co-founded WALLEX, a B2B FX and cross-border payments platform, and grew it into a regional fintech player before its acquisition by M-DAQ in 2022. 

Before that, he spent several years in venture capital with Strive VC (formerly GREE) and Yello Mobile, after starting out as a software engineer at Macquarie Group. Along the way, he backed one of Indonesia’s largest e-commerce companies, Bukalapak, at the Series A stage before it became a unicorn and went public.

Fluent in English, Japanese, and Indonesian, Hiro has often acted as a bridge between Japan and Southeast Asia’s startup ecosystems.

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Markus Bruderer

Partner

Spokesperson

Markus is a Partner at Antler sharing the overall responsibility for Antler’s operations in Southeast Asia. Markus has worked with technology ventures in SEA for nearly a decade. Prior to Antler, Markus was in Venture Development Roles at Zalora and Global Fashion Group (GFG) based in Indonesia, Philippines and Singapore. He holds a Master’s degree in Banking and Finance from the University of St.Gallen, Switzerland.

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Olivia Irish

Scouting Associate

Spokesperson

Olivia is responsible for executing scouting efforts to find the best founders in Indonesia.

She began her career supporting OVO and Hangry's Corporate Finance teams, helping raise over $30M and closing an M&A deal. She later joined Capria Ventures, a US-based VC, where she sourced early-stage companies and supported the end-to-end investment process.

Drawing on her prior experience, Olivia leads marketing initiatives marketing initiatives that strengthen Antler's connections to the broader VC and startup ecosystem. 

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Alyandra Katya Mangkuningrat

Portfolio Associate

Spokesperson

Katya is a Portfolio Associate at Antler, where she is responsible for supporting portfolio companies throughout their building and fundraising processes.

6 years of experience in the media and lifestyle industry, working on branding and campaigns for clients like Hypebeast, Grab, Potato Head, etc.

Prior to joining Antler she co-founded the community-centred food experience company, Lazy Susan.

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Zahra

Finance Associate

Spokesperson

Zahra is a Finance & Accounting Associate at Antler Indonesia where she supports Antler’s financial matter and bookkeeping process. 

Prior to Antler, Zahra was the Accounting Supervisor of Sicepat Ekspress Indonesia - One of the Logistics leading startup in Indonesia, Ivosigts - Customer engagement solutions startup as a Finance, Accounting and Tax Supervisor and Arghajata Consulting.

Her experience immerses in startup companies to help their first financial and bookkeeping strategy.

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Keith Lim

Finance Director

Spokesperson

Keith heads the Finance function in Antler Southeast Asia and is in charge of the financial and tax reporting and compliance of the SEA fund and the local Antler entity. He has more than 20 years of working experience in both the public and private sectors covering industries from real estate, sports, defence and research. Prior to joining Antler, he spent 13 years with a multi-national real estate company which specializes in fund and asset management, real estate development and resort operations.

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Audrey Gunawan

Finance Associate

Spokesperson

Audrey supports the financial operations of South East Asia as a financial Associate. She has an understanding of financial systems that stem further than the basics, previously working first hand on finances in Singapore’s hospitality industry. Audrey is also currently pursuing her ACCA studies to gain her Chartered Certified Accountant qualification. She holds a Bachelor’s degree in Accountancy and Financial Management.

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Antler portfolio companies raise capital from other leading VCs