Indonesian angel investor network ANGIN today announced that it has raised an undisclosed seed funding round from Silicon Valley-based venture capital firm 500 Startups.
The round also featured Sintesa Group CEO Shinta Kamdani, Cardig International CEO Diono Nurjadin, and Alpha JWC managing director and co-founder Jefrey Joe.
To answer a growing market demand for its services, ANGIN’s eyed external support and sought other investment organisations who have ‘experience scaling up in emerging markets’.
David Soukhasing, managing director of ANGIN, said: “We are excited to work with a solid mix of VC and individuals who are fully aligned with our vision and impact mission. We are already preparing to launch new features, improving our services to our angel investors and will continue to strive on supporting Indonesian startups across Indonesia.
“This fundraising also sends a strong message to ecosystem builders like us who strive to support ventures, that investors are keen to support and that there is an alternative to grants and donations to sustain their operations.”
ANGIN acts as a bridge to connect and facilitate investors and entrepreneurs along the entire investment process. For Investors, it provides access to dealflow, screening and due diligence, deal execution assistance, portfolio management, access to insider data, and exposure to exclusive events and workshop.
For Entrepreneurs, it provides fundraising preparation, exposure to investors, fundraising execution assistance, and post investment acceleration.
Leveraging its our local expertise and networks, it also provides advisory services for institutions, governments, policy makers, international development agencies and other actors who are interested to develop the Indonesia’s entrepreneurial ecosystem.
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