Venture Builder "Ecoxyztem" Gets Funding, Ready to Develop Four Impact Startups per Year

Ecoxyztem (PT Greeneration Indonesia), venture builder for startups engaged in environmental issues and climate change (climate-tech) announced the acquisition of funding from a number of investors, namely PT TAP Applied Agri Services, PT Indonesian Forest Conservation, Pegasus Tech Venturesand angel investors Roni Pramaditia (Chairman of the Medco Foundation). Not disclosed the nominal investment achieved.

The company will take advantage of the fresh funding support for working capital in developing at least four startups per year intensively, in order to reach more business actors in the business sector. climate-tech which can contribute to reducing greenhouse gas emissions in Indonesia.

As a note, venture builder is a startup that builds many new startups. The approach is to develop businesses and products that enable an organization to create new products, services and processes starting from scratch. This business model does not interfere with the company's infrastructure that has existed since the beginning of its development.

By mastering a variety of business backgrounds, such as product, commercial, academic, and consulting, triggering an innovation to build a new business model that is more flexible with more scalable risks and can be applied at various scales. In Indonesia itself, venture builder some kind of Ecoxyztem already exists, among them WGS Hub, Win Venturesand Wright Partners.

In an official statement received today (4/10), Co-founder and CEO of Ecoxyztem Jonathan Davy conveyed the process venture building from his side need the ecopreneur in the early stages of their business development. Then, Ecoxyztem became co-founder institutions for startups by facilitating their business growth through a methodology adapted to the Indonesian context.

It provides quality human resources, assistance in the form of: venture architects for business modeling, and support market penetration by business matchmaking, as well as fundraising. "We believe this can help startups to reduce investment risk and help increase investor confidence who will invest in startups related to handling environmental issues, including climate issues," he said.

Ecoxyztem . Travel

Meanwhile, Ecoxyztem currently has four startup portfolios, namely: Waste4Change in the field of waste management, ReservoAir which solves the problem of flooding, Ravelware which drives the green industry transition, and Enertec which works in the energy efficiency sector.

In addition, there are also programs such as Circular Jumpstart, Urban Innovation Challenge, and the Climate Innovation League which have become a medium for Ecoxyztem to get to know at least 45 climate-tech startups in Indonesia through classroom learning programs and mentoring.

“Ecoxyztem was born out of concern for the issue of environmental damage, which is growing faster than solutions to overcome this damage. Through the venture builder development model, we believe it will be able to encourage the creation of more innovative solutions to address environmental problems around us,” said President Director of Ecoxyztem Bijaksana Junerosano.

As a background, Ecoxyztem, which is part of the Greeneration Group, has decided to change its business model to venture builder on May 17, 2021. The word XYZ symbolizes the business pillar of Ecoxyztem, X from the word X-Seed namely human resource development, Y from the word Ympact Lab for development climate-tech startup, and Z from the word Zinergy to develop access to the market.

This year, Ecoxyztem has become part of the Climate-KIC Accelerator which is a global network of initiatives on climate change issues, which was initially initiated by the European Union. This is a special attention and support from the international community to open up more opportunities for climate solutions in Indonesia.