Skystar Capital is an early-stage venture capital firm based in Jakarta, Indonesia, investing in technology-driven startups across Southeast Asia, with a focus on Indonesia. The firm typically invests from pre-seed through Series A and is backed by leading corporate groups with access to media, telecommunications, financial services, agriculture, and healthcare.
30% of their portfolio is in Fintech. Average disclosed round size is $13.0M (across 21 rounds with reported amounts).
Portfolio
17
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Team
Edward Gunawan
Managing Partner
Olivia Estefani
Finance Operations
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
23 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Maka Motors | Seed | $37.6M | Jul 2023 |
 Maka Motors | Seed | $37.6M | Jul 2023 |
 Komunal | Series A | $8.5M | Jan 2023 |
 Komunal | Growth | $8.5M | Jan 2023 |
| Maka Motors | Seed | $37.6M | Jan 2023 |
 Paper.id | Series B | $12M | Jan 2022 |
 Sirclo | Growth | $36M | Sep 2021 |
 ESB | Series B | $29M | Jan 2021 |
 Hacktiv8 | Series A | $3M | Jan 2020 |
 Sweet Escape | Series A | $6M | Jan 2019 |
 Adskom | Seed | $1.1M | Jan 2018 |
| SSweetescape | Seed | $1M | Jan 2017 |
 Julo | Series A | $5M | — |
| Julo | Seed | — | — |
 Klinik Pintar | Unknown | $5M | — |
| Komunal | Series A | $5.5M | — |
 ByThen | Seed | $5M | — |
 Mimin | Unknown | $1.5M | — |
 Ritase | Series A | $8.5M | — |
 Paper | Series B | $12M | — |
| Komunal | Seed | — | — |
| Ritase | Seed | $4.4M | — |
| ESB | Series A | $7.6M | — |
Top Co-Investors
BEENEXT10 shared
Gobi Partners6 shared
AC Ventures6 shared
Sovereign's Capital4 shared
Northstar Group4 shared
Golden Gate Ventures3 shared
JIF Capital3 shared
Kinesys Group3 shared
Peak XV Partners3 shared
SV Investment Corporation3 shared
Provident Capital Partners3 shared
Redbadge Pacific2 shared
Insignia Ventures Partners2 shared
Mitsubishi Corporation2 shared
Alpha JWC Ventures2 shared
Endeavor1 shared
Square Peg Capital1 shared
SMBC Asia Rising Fund1 shared
Quona Capital1 shared
Venturra Capital1 shared
Last updated: 20 October 2026