Tag Archives: Beenext Emerging Asia Fund

Beenext

Beenext Closes 2.2 Trillion Rupiah Fund, Indonesian Startups Remain a Potential

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As a Singapore based Venture Capital, Beenext, which actively participated in the seed funding of Indonesian startups, today (16/6) announced the closing for two new managed funds, raising around US$160 million or equivalent to 2.2 trillion Rupiah. Previously, they’ve booked US$110 million in their first fund titled “Beenext Emerging Asia Fund”.

The fresh fund came from institutions in the United States, Japan, family conglomerates, and businesses interested in the digital industry. The new round is designed to connect early-stage startups with Beenext’s founder network, in order to gain global partnership opportunities and access to the best resources.

Beenext’s investment approach is centered on the founder; outside of monetary commitments, they will also provide a key role in accelerating business. The company has invested in more than 180 startups around the world, 45 of those are in the Asia Pacific region.

“Covid-19 has affected every aspect of global business, but we continue to detect novice founders who push boundaries not only to survive but also thrive in these conditions […] we feel required to nurture an entrepreneurial ecosystem to ensure reviving as a strong founding community,” Founder & Managing Partner, Teruhide Sato said.

He added, “Beenext has always believed in building a business together with local founders and co-investors, in order to have a lasting impact. We look forward to being able to create and grow together with more new company founders.”

Also mentioned in the release, the funds will be focused on ecosystems in India, Southeast Asia, and Japan. India will get the 50% portion of the first managed fund while also managed to increase funding in Southeast Asia.

Faiz Rahman from Beenext told DailySocial, “We plan to allocate 40% of the managed funds to Southeast Asia and Indonesia. We continue to focus on early-stage startups, in e-commerce, fintech, healthtech, agritech, logistics, HR-tech, and SaaS.”

Beenext is yet to plant local teams and office buildings in Indonesia, however, they have invested in 16 Indonesian startups and several regional startups that are expanding into the Indonesian market. These include Ralali, Zilingo, Amartha, Dekoruma, Happy Fresh, Sweet Escape, Zenius, Snaphunt, Mekari, Andalin, Janio, Ritase, Provesty, AgenKan, Raena, Jendela360, Akseleran, AdaKerja, and TrustMedis. The last three names secured investments around early 2020.

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Original article is in Indonesian, translated by Kristin Siagian

Beenext

Beenext Bukukan Dana Kelolaan 2,2 Triliun Rupiah, Startup Indonesia Tetap Jadi Perhatian

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Beenext selaku venture capital asal Singapura yang turut aktif berinvestasi untuk startup tahap awal di Indonesia, hari ini (16/6) mengumumkan telah menutup dua dana kelolaan (fund) baru, mengumpulkan dana senilai US$160 juta atau setara 2,2 triliun Rupiah. Sebelumnya mereka telah membukukan US$110 juta dalam fund pertamanya bertajuk “Beenext Emerging Asia Fund”.

Dana ini bersumber dari institusi di Amerika Serikat, Jepang, konglomerasi keluarga, hingga pengusahan yang tertarik di bisnis digital. Dana baru dirancang untuk menghubungkan startup tahap awal dengan jaringan founder Beenext, demi mendapatkan peluang kemitraan global dan akses ke sumber daya terbaik.

Pendekatan investasi Beenext memang terpusat pada founder; karena di luar komitmen moneter, mereka juga akan memberikan peran kunci dalam mengakselerasi bisnis. Perusahaan telah berinvestasi di lebih dari 180 startup di seluruh dunia, 45 di antaranya dari kawasan Asia Pasifik.

“Covid-19 telah memengaruhi setiap aspek bisnis global, tetapi kami terus melihat para pendiri pemula yang mendorong batasan untuk tidak hanya bertahan tetapi juga berkembang dalam kondisi ini […] kami merasa perlu memelihara ekosistem kewirausahaan untuk memastikan kami bangkit kembali sebagai komunitas pendiri yang kuat,” ujar Founder & Managing Partner Teruhide Sato.

Ia melanjutkan, “Beenext selalu percaya untuk membangun bisnis bersama dengan pendiri dan co-investor lokal, demi memiliki dampak yang langgeng. Kami menantikan untuk bisa menciptakan dan tumbuh bersama dengan lebih banyak pendiri perusahaan baru.”

Dalam rilis disebutkan, dana akan difokuskan ke ekosistem di India, Asia Tenggara, dan Jepang. India akan mendapatkan porsi 50% dari dana kelolaan pertama dengan tetap meningkatkan volume pendanaan di Asia Tenggara.

Kepada DailySocial, Faiz Rahman dari Beenext menjelaskan, “Kami berencana mengalokasikan 40% dari dana kelolaan untuk Asia Tenggara dan Indonesia. Kami terus fokus pada startup tahap awal, di sektor e-commerce, fintech, healthtech, agritech, logistik, HR-tech, dan SaaS.”

Kendati hingga saat ini Beenext belum punya tim dan kantor lokal di Indonesia, mereka telah berinvestasi ke 16 startup Indonesia dan beberapa startup regional yang ekspansi ke pasar Indonesia. Termasuk di antaranya Ralali, Zilingo, Amartha, Dekoruma, Happy Fresh, Sweet Escape, Zenius, Snaphunt, Mekari, Andalin, Janio, Ritase, Provesty, AgenKan, Raena, Jendela360, Akseleran, AdaKerja, dan TrustMedis. Tiga nama terakhir mendapatkan investasi sekitar awal tahun 2020 ini.