About DS/X Ventures
DS/X Ventures is a venture capital firm founded in 2022. It is primarily based out of Singapore, Singapore. As of Jun 2023, DS/X Ventures has invested in 8 companies. It primarily invests in Seed round in Indonesia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and FinTech. Most recently it participated in the $***** Seed round of Baskit A lot of funds co-invest with DS/X Ventures, with names like Sketchnote sharing a substantial percentage of its portfolio. DS/X Ventures has team of 7 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed
DS/X Ventures' List of Top Investments
DS/X Ventures has a portfolio of 8 companies. Their most notable investments are in D3 Labs and Finfra.Their portfolio spans across Indonesia and Singapore. They have invested in Enterprise Applications, Retail, FinTech and 6 other sectors, across stages such as Seed stage. Here is the list of top investments by DS/X Ventures:1. Baskit
Provider of supply chain management and business financing software tools. This platform facilitates distribution operations by connecting brands with wholesalers and retailers. It integrates inventory tracking, logistics coordination, and merchandising data into a centralized system. Additionally, the service offers working capital financing to support production and distribution activities.
Key facts about Baskit
- Founded Year: 2022
- Location: Jakarta (Indonesia)
- Stage: Series A
- Total Funding till date: $9.7M
- Employee Count: 71 as on Aug 31, 2026
- Investors: Investible, HSBC Innovation Banking and 15 Others
- Latest Funding Round: Series A, Apr 15, 2026, $*****
- Highlight: Editors' Pick
2. Finfra
Provider of embedded finance infrastructure for digital businesses. It offers a seamless integration of financial services, including lending solutions, into non-financial platforms. This allows businesses to offer credit products such as invoice financing, payroll financing, and working capital financing to their customers without the complexities of building and maintaining their own financial infrastructure. The company provides the necessary technology, underwriting, and compliance support, enabling rapid deployment and efficient loan management. Its APIs are designed for ease of use and scalability, facilitating quick integration into existing systems. The platform includes built-in ledger and accounting systems for streamlined loan management.
Key facts about Finfra
- Founded Year: 2022
- Location: Jakarta (Indonesia)
- Stage: Series A
- Total Funding till date: $3.5M
- Employee Count: 19 as on Aug 31, 2026
- Investors: Z Venture Capital, Hustle Fund and 9 Others
- Latest Funding Round: Series A, Oct 29, 2024, $*****
- Highlight: Editors' Pick
3. GoCement
Online marketplace for procuring and renting building materials. It facilitates users to order building materials, search for building equipment rentals, building materials calculating, payment management, site delivery management, and more.
Key facts about GoCement
- Founded Year: 2019
- Location: Jakarta (Indonesia)
- Stage: Seed
- Employee Count: 38 as on Aug 31, 2026
- Investors: Beenext, MDI Ventures and 6 Others
- Latest Funding Round: Seed, Oct 18, 2021, $*****
4. D3 Labs
Blockchain-based finance management platform. It offers an enterprise multi-assets management system designed to integrate digital assets into daily business operations. It also offers solutions for banking and financial services, supply chain management, tokenization, and more.
Key facts about D3 Labs
- Founded Year: 2022
- Location: Singapore (Singapore)
- Stage: Seed
- Employee Count: 29 as on Aug 31, 2026
- Investors: UOB, Signum Capital and 9 Others
- Latest Funding Round: Seed, Dec 11, 2024, $*****
5. Fazpass
Provider of a multi-factor authentication solution for businesses. It provides an MFA and consumer omnichannel solutions that include SMS OTP, missed call OTP, email OTP, and other authentication methods to manage online security. It also offers a platform that provides detailed reports summarizing analysis results and suggestions for its clients development team, security experts, and stakeholders. It is a tool available on the subscription based pricing model.
Key facts about Fazpass
- Founded Year: 2016
- Location: Jakarta (Indonesia)
- Stage: Funding Raised
- Employee Count: 13 as on Aug 31, 2026
- Investors: PT Prasetia Dwidharma and DS/X Ventures
DS/X Ventures' Year-on-Year Investment Trends
Its most recent first time investment was in Finfra and most recent follow-on round was in Baskit.DS/X Ventures' Investments by Stage
DS/X Ventures has made 3 investments in Seed stage with an average round size of $1.25M.DS/X Ventures' Investments by Sector
DS/X Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Blockchain - Industry Applications, Blockchain Technology and Industrial Goods and Manufacturing. Notably, it has invested in 8 Tech companies, 7 Enterprise (B2B) companies, 6 Software companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
FinTech | 2 |
Blockchain - Industry Applications | 1 |
Blockchain Technology | 1 |
Industrial Goods and Manufacturing | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
DS/X Ventures' Investments by Geography
DS/X Ventures has made most investments in Indonesia (2), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
Indonesia | 2 |
Singapore | 1 |
Note: We have considered here, only first round of investments
DS/X Ventures' recent investments
DS/X Ventures has not made any investment in 2026 so far.Here are the most recent investments by DS/X Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 27, 2023 | Indonesia | Seed | 2125 | ||
Jun 14, 2023 | Indonesia | Seed | 2127 | [+5] | |
Mar 29, 2023 | Indonesia | Seed | 9389 | [+5] | |
Jan 2023 | Singapore | Seed | 3520 | [+6] |
Team profile of DS/X Ventures
DS/X Ventures has a team of 7 members including 2 Partners located in Indonesia. DS/X Ventures' team does not sit on the board of any company as of now.Co-investors of DS/X Ventures
Over the past 3 years, 33 investors have co-invested in DS/X Ventures's portfolio companies. This includes funds and angels.
- Top Co-investors of DS/X Ventures: 19 investors entered a company along with DS/X Ventures. These include investors like Sketchnote (1 company).
- Invested after DS/X Ventures: A total of 14 investors have invested in DS/X Ventures's portfolio after their investments. Top Investors include Golden Equator Capital (1 company), Korea Investment Holdings (1 company) and Betatron Venture Group (1 company).
Recent News related to DS/X Ventures
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CARDS raises funding to revolutionise school management in Indonesia’s smaller citiese27•Nov 07, 2024•CARDS, DS/X Ventures, EduSpaze, Linktr ee
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Rudiantara Joins DS/X Ventures as Strategic Advisor and Board MemberDailysocial•Jul 17, 2024•DS/X Ventures
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Indonesian Fintech Startup Orderfaz Secures Pre-Seed Funding Led by 1982 VenturesAsiaTechDaily•Jul 16, 2023•Orderfaz, 1982 Ventures, Baskit, Betatron Venture Group and 4 others
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Indonesian Startup Finfra Secures $1M Funding to Fuel Expansion of Embedded Finance SolutionsAsiaTechDaily•Jul 16, 2023•Finfra, DS/X Ventures, Seedstars, Cento Ventures and 4 others
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Baskit raises US$3.3M in seed funding to empower Indonesia’s distribution infrastructuree27•Jun 27, 2023•Baskit, Betatron Venture Group, Forge Ventures, Investible and 3 others
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Rama Mamuaya of Indonesian tech media DailySocial establishes early-stage investment DS/X VenturesTHE BRIDGE•Jun 14, 2023•DS/X Ventures, Dailysocial
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Finfra Raises $1M to Scale Embedded Finance in IndonesiaFinancial IT•Jun 14, 2023•Finfra, Seedstars, Cento Ventures, Fintech Nation and 4 others
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Startup FaaS Finfra Raises Initial Funding of 15 Billion RupiahDailysocial•Jun 13, 2023•Finfra, DS/X Ventures, Seedstars, Cento Ventures and 3 others
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Web3 Startup D3 Labs Raises Pre-Sponsored Funding from Several InvestorsDailysocial•Apr 19, 2023•Saison Capital, Kinesys Group, Arcana Capital, EX Capital and 4 others
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Supply Chain Startup "Baskit" Raises 23 Billion Rupiah Pre-Up FundingDailysocial•Mar 29, 2023•Baskit, DS/X Ventures, Sketchnote, Forge Ventures and 1 other
