Kopi Kenangan Co-Founder Establishes Kopital Ventures, Closes First Managed Fund of 190 Billion Rupiah

Kopital Ventures announced its debut with initial managed funds worth $12 million or around 190 billion Rupiah. This is a venture capital company founded by the Co-founders of Kenangan Brands (parent of Kopi Kenangan) James Prananto and Fandy Cendrajaya in collaboration with Farquhar VC.

The funds raised will be used to invest in early stage startups in all industrial sectors. The target is to enter 30-40 startups over the next 3 years.

The closing of this first managed fund was supported by venture capital and family office such as Saison Capital, Trihill Capital, Impack Ventures, and Alto Partners Multi-Family Office as strategic investors.

Previously the two founders had introduced Copy Network, a container designed to accommodate  angel investors (which mostly comes from growth-stage founders). Since 2021, James and Fandy themselves have also started investing in several startups such as Somethinc (Beautyhaul), Durianpay, Fishlog, Gajigesa, Eratani, Proglix, and Rekosistem.

"Moment tech-winter At the end of 2022, Fandy and I are thinking about building a venture capital company that can help startups better through my experience as founder-operator and network Fandy inside tech ecosystem. We see that one that is difficult to obtain by founder new is access to founder/startup operators who have been through this journey, with whom you can exchange ideas; and this is one of the propositions of Kopital Ventures," said Kopital Ventures Founding Partner James Prananto.

Kopital Ventures will also be led by Christian Sutardi as Venture Partner. He is one angel investors who is quite productive in Indonesia and an early investor in Kenangan Brands, Hypefast, Ayoconnect, and Broom. Christian is also the founder of Fabelio, a startup marketplace furniture which declared bankrupt since 2022.

"Kopital Ventures' role as a strategic investor is not only in the form of injecting funds, but also in connecting stakeholders founder initial stage with mentors who are members of the Kopital Network and access to international investors for later stage funding. We hope to be the first to invest in some unicorn "Indonesia is next," said Kopital Ventures Founding Partner Fandy Cendrajaya.

Previous co-founder Other Brand Memories, namely Edward Tirtanata also first initiated a venture capital company through Kenangan Kapital. They have invested in a number of startups such as Eratani, Makmur, Noice, Medigo, and several others.

The presence of VCs and new managed funds in the middle tech-winter providing a breath of fresh air for the startup ecosystem in Indonesia. One of them validates investors' trust in generations founder the next one is still quite high. Especially now founder Late stage startups have started to actively help and invest in new startups.

Menurut report DS/Innovate, there are more than ten new venture capital managed funds announced. They will focus and provide more portions to the startup ecosystem in Indonesia at various stages of funding.