ANGIN (Angel Investment Network Indonesia) declares itself as an independent early-stage investment platform. They have managed the funds of more than 100 investors, from angel investors, venture capitalists, impact investors, corporations, to foundations from all over the world. Targeting entrepreneurs in various fields in Indonesia.
Over the past four years, they have supported more than 70 startups and entrepreneurs, some of them Kitabisa, Kargo, and most recently Burgreens.
Last year, ANGIN successfully closed its first seed funding round of 500 Startups and three angel investors including Shinta Kamdani (CEO of Sintesa Group), Diono Nurjadin (CEO of Cardig International), and Jefrey Joe (Managing Director & Co-Founder of Alpha JWC Ventures).
Recently, FundedHere has joined the list of shareholders by providing additional funding for ANGIN. FundedHere is an equity and debt crowdfunding platform registered with the Monetary Authority of Singapore. Their business model is almost the same as ANGIN, connecting investors with startups.
“We are very honored to be working with the FundedHere team. They not only believe in our values and vision but can also connect the Singapore startup ecosystem to our investors and entrepreneurs in Indonesia. This will accelerate our mutual footprint in Southeast Asia,” ANGIN’s Managing Director David Soukhasing said.
Meanwhile, FundedHere’s Co-Founder & CEO Daniel Lin said, “Investing in ANGIN will further strengthen our investment thesis [..] Investors on both of our platforms will now have exposure to these cross-border opportunities.”
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Original article is in Indonesian, translated by Kristin Siagian
