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 Forge Ventures sharing a substantial percentage of its portfolio. DS/X Ventures has team of 6 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 7 other sectors, across stages such as Seed stage. Here is the list of top investments by DS/X Ventures:1. Baskit
Provider of cloud-based supply chain distribution solutions for wholesalers and distributors. The company offers a cloud-native platform that provides digital tools to wholesalers and distributors. It offers an ecosystem for offline distribution businesses. The app is available on the Android & iOS platforms.
Key facts about Baskit
- Founded Year: 2022
- Location: Jakarta (Indonesia)
- Stage: Series A
- Total Funding till date: $9.7M
- Employee Count: 70 as on May 31, 2026
- Investors: Investible, Cento Ventures 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 May 31, 2026
- Investors: Accion, Z Venture Capital 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 May 31, 2026
- Investors: Beenext, Foundamental and 6 Others
- Latest Funding Round: Seed, Oct 18, 2021, $*****
4. Yobo
Provider of online ordering enabler for restaurants. The features of the software include QR code ordering systems, transaction management, sales management, and payment management.
Key facts about Yobo
- Founded Year: 2021
- Location: Jakarta (Indonesia)
- Stage: Seed
- Employee Count: 33 as on May 31, 2026
- Investors: Antler and DS/X Ventures
- Latest Funding Round: Seed, Feb 01, 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: 17 as on May 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 Business Services. 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 |
Business Services | 1 |
Others | 3 |
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 | 9230 | ||
Jun 14, 2023 | Indonesia | Seed | 2629 | [+5] | |
Mar 29, 2023 | Indonesia | Seed | 9098 | [+5] | |
Jan 2023 | Singapore | Seed | 9807 | [+6] |
Team profile of DS/X Ventures
DS/X Ventures has a team of 6 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, 31 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 Forge Ventures (1 company).
- Invested after DS/X Ventures: A total of 12 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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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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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
