About BRI Ventures
BRI Ventures is a venture capital firm founded in 2019. It is primarily based out of Jakarta, Indonesia. As of Jul 2025, BRI Ventures has invested in 32 companies. It primarily invests in Seed round in Indonesia based startups. Its investments are spread across a wide range of sectors from FinTech to Food and Agriculture Tech and Consumer. Most recently it participated in the $***** Seed round of Bang Jamin Overall, BRI Ventures portfolio has seen 2 unicorns, 1 IPO and 2 acquisitions including key companies like Xendit, NIUM and Bukalapak. A lot of funds co-invest with BRI Ventures, with names like Mandiri Capital Indonesia sharing a substantial percentage of its portfolio. BRI Ventures has team of 8 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
BRI Ventures' List of Top Investments
BRI Ventures has a portfolio of 32 companies, including 2 unicorns. Their most notable investments are in W3GG and Yummy Corp.Their portfolio spans across Indonesia, Singapore, Brazil and 2 more locations. They have invested in FinTech, Food and Agriculture Tech, Consumer and 12 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by BRI Ventures:
1. Xendit
Online payment and money transfer platform for businesses. The company serves commerce startups to large enterprises enabling businesses to accept payments, disburse payroll, run marketplaces, and more. Payments can be accepted via multiple channels including direct debit, virtual accounts, credit and debit cards, e-wallets, retail outlets, online installments, and more. Application is made available on Android and iOS platforms.
Key facts about Xendit
Digital platform providing financing solutions for small businesses. It offers various financing options, including micro loans, term loans, and invoice financing. It aims to provide accessible and reliable financing to support business growth. The platform also facilitates debt investments for individual and institutional investors.
Key facts about Funding Societies
- Founded Year: 2015
- Location: Singapore (Singapore)
- Annual Revenue: $10M - $50M as on Dec 31, 2023
- Stage: Series D
- Total Funding till date: $242M
- Employee Count: 484 as on May 31, 2026
- Investors: Khazanah Nasional Berhad, EDBI and 53 Others
- Latest Funding Round: Series D, Mar 20, 2025, $*****
- Highlight: Editors' Pick
3. NIUM
Cross-border money transfer solutions for businesses. It provides tools to assist in sending, receiving, and making payments. It offers remittance-as-a-service technology to businesses in the fin-tech, travel, e-commerce, and banking sectors. It also offers APIs to support reporting, tracking, book-keeping, reconciliation, invoicing, and compliance solutions.
Key facts about NIUM
- Founded Year: 2014
- Location: Singapore (Singapore)
- Annual Revenue: SGD 100M - 500M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $312M
- Employee Count: 1,062 as on May 31, 2026
- Investors: GIC, Riverwood Capital and 35 Others
- Latest Funding Round: Series E, Jun 05, 2024, $*****
- Highlight: Editors' Pick
4. Bukalapak
Online marketplace platform offering multi-category consumer products on flash sales. The product catalog includes beauty care, fashion, electronics, sports, health care, home care, groceries, stationery, pet products, and more. Its app is available on Android and iOS platforms.
Key facts about Bukalapak
- Founded Year: 2010
- Location: Jakarta (Indonesia)
- Stage: Public
- Total Funding till date: $584M
- Employee Count: 1,397 as on May 31, 2026
- Investors: GIC, Pegasus Tech Ventures and 24 Others
- Latest Funding Round: Series G, Apr 14, 2021, $*****
- Highlight: Public
5. Pluang
Pluang provides an app-based online investment platform for gold, crypto, and mutual funds. It features gold investment tips, market prices, and more. It offers a gold price comparison and monitoring platform. App is available for iOS and Android devices.
Key facts about Pluang
BRI Ventures' Year-on-Year Investment Trends
BRI Ventures has invested in 32 companies over the last 6 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in DayaTani and most recent follow-on round was in Bang Jamin.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 1 | 0 | 1 |
2023 | 3 | 0 | 3 |
2022 | 9 | 3 | 12 |
2021 | 6 | 2 | 8 |
2020 | 8 | 0 | 8 |
BRI Ventures' Investments by Stage
BRI Ventures has made 9 investments in Seed stage with an average round size of $2.73M, 8 investments in Series A stage with an average round size of $13.6M, 5 investments in Series B stage with an average round size of $70.8M, 4 investments in Series C stage with an average round size of $39.5M and 1 investment in Series G stage with an average round size of $234M.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 8 |
Series B | 5 |
Series C | 4 |
Series G | 1 |
Note: We have considered here, only first round of investments
BRI Ventures' Investments by Sector
BRI Ventures has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Consumer, Retail and Food and Agriculture Tech. Notably, it has invested in 30 Tech companies, 16 Consumer (B2C) companies, 16 Enterprise (B2B) companies and at least 16 companies focusing on Software.Sector | No. of Investments |
|---|---|
FinTech | 15 |
Enterprise Applications | 10 |
Consumer | 9 |
Retail | 7 |
Food and Agriculture Tech | 6 |
Others | 26 |
Note: We have considered here, only first round of investments
BRI Ventures' Investments by Geography
BRI Ventures has made most investments in Indonesia (22), followed by Singapore where it has made 2 investments.Country | No. of Investments |
|---|---|
Indonesia | 22 |
Singapore | 2 |
Brazil | 1 |
Taiwan | 1 |
Thailand | 1 |
Note: We have considered here, only first round of investments
BRI Ventures' recent investments
BRI Ventures has not made any investment in 2026 so far.Here are the most recent investments by BRI Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 17, 2025 | Indonesia | Seed | 2749 | [+3] | |
Jan 16, 2024 | Indonesia | Seed | 5674 | [+3] | |
Aug 24, 2023 | Indonesia | Seed | 7836 | [+2] | |
Mar 20, 2023 | Indonesia | Seed | 4835 | ||
Mar 13, 2023 | Indonesia | Series A | 8472 | [+3] |
Unicorns in BRI Ventures' Portfolio
BRI Ventures has 2 unicorns in its portfolio - Xendit and NIUM. The most recent unicorn in their portfolio is Xendit. It became a unicorn in 2021, 5 years before BRI Ventures first invested in it.Here is a list of unicorns in BRI Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
83 | Online payment and money transfer platform for businesses | 2015 | Jakarta | Series D | clmsyec | ||
78 | Cross-border money transfer solutions for businesses | 2014 | Singapore | Series E | xcvmpiv |
IPOs and Publicly Listed companies in BRI Ventures' Portfolio
1 of BRI Ventures' portfolio company became public - Bukalapak. It got listed on the Indonesia Stock Exchange (IDX), in Aug 2021 at marketcap of $6.06BHere are BRI Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 06, 2021 | Apr 14, 2021 | Series G | 2833 |
Acquired companies in BRI Ventures' Portfolio
2 companies from BRI Ventures' portfolio have been acquired. The most recent acquisition was FairDee in Mar 2021 by Qoala for $*****.Here are BRI Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 24, 2021 | Jul 21, 2022 | Series B | 4365 | |
Dec 15, 2017 | Jun 28, 2022 | Series A | 1347 |
Team profile of BRI Ventures
BRI Ventures has a team of 8 members including 1 Partner and 2 Principals located in Indonesia. BRI Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in BRI Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Jakarta | - | ||
Principal | - | - | - | |
Principal | Jakarta | - |
Co-investors of BRI Ventures
Over the past 6 years, 298 investors have co-invested in BRI Ventures's portfolio companies. This includes funds and angels.
- Invested before BRI Ventures: MDI Ventures, Golden Gate Ventures and 103 others have invested in rounds before BRI Ventures. There are 4 companies where MDI Ventures has invested before BRI Ventures and 3 companies where Golden Gate Ventures has invested before BRI Ventures.
- Top Co-investors of BRI Ventures: 93 investors entered a company along with BRI Ventures. These include investors like Mandiri Capital Indonesia (5 companies).
- Invested after BRI Ventures: A total of 100 investors have invested in BRI Ventures's portfolio after their investments. Top Investors include MUFG Innovation Partners (3 companies), responsAbility (3 companies) and Norfund (2 companies).
Recent News related to BRI Ventures
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Indonesia Authorities Detain Suspects in TaniHub $25 Million Investment FraudCaproasia•Sep 04, 2025•BRI Ventures
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Saison Capital, BRI Ventures, Coinvestasi launch tokenize IDTech in Asia•Apr 25, 2025•Saison Capital, BRI Ventures, Coinvestasi
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Tracxn : Indonesian tech startups funding declines 36 percent in first quarterTechNode•Mar 28, 2024•East Ventures, AC Ventures, Alpha JWC Ventures, Antler and 1 other
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SG firm harvests $2.3m seed money to help Indonesian farmers boost yieldsStartupNews•Feb 04, 2024•DayaTani, Microsoft, Gentree, BRI Ventures and 3 others
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Indonesian state-backed startup fund raises $300m in first closeTech in Asia•Sep 05, 2023•MDI Ventures, TMI, Merah Putih, BRI Ventures and 1 other
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BRI Ventures D2C Business Networking through the Kiqani Labs Accelerator ProgramDailysocial•Jun 28, 2023•BRI Ventures
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Auto dealer financing startup Broom bags US$10M to diversify product offeringse27•Mar 14, 2023•Broomees, MUFG Innovation Partners, BRI Ventures, AC Ventures and 4 others
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Investree Raises Series D Funding Led by JTA Holdings, Soon to Expand to QatarDailysocial•Dec 13, 2022•Investree, BRI Ventures, MUFG Innovation Partners, MUFG and 1 other
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BRI Ventures Targets 784 Billion Rupiah "Sembrani Kiqani" Final Round of RaisingDailysocial•Nov 09, 2022•BRI Ventures
