E-Commerce & MarketplaceConsumerConstructionHR & TalentEnterprise SoftwareLogistics & Supply ChainFintech
SMDV is the venture capital arm of the Sinar Mas Group, focusing on early to growth-stage technology companies primarily in Indonesia and across Southeast Asia. Their strategy involves providing capital, mentorship, and access to the Sinar Mas network to support visionary entrepreneurs in building sustainable ventures within the digital ecosystem.
42% of their portfolio is in E-Commerce & Marketplace. Their most common stage is series-a (42% of deals). Average disclosed round size is $14.2M (across 12 rounds with reported amounts).
Portfolio
12
Fund Size
—
Top Stage
Series A
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
12 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Gravel | Series A | $14M | Dec 2023 |
| PPraktis | Unknown | $20M | May 2023 |
| LLegit Group | Series A | $13.7M | Apr 2023 |
 Ula | Seed | $10.5M | Jun 2020 |
 Waresix | Series A | $14.5M | Jul 2019 |
| FFore Coffee | Seed | $8.5M | Feb 2019 |
 Warung Pintar | Series B | $27.5M | Jan 2019 |
 Ev Hive | Series A | $20M | Jun 2018 |
| Warung Pintar | Seed | $4M | Feb 2018 |
 Omise | Series B | $17.5M | Jul 2016 |
 HappyFresh | Series A | $12M | Sep 2015 |
| Warung Pintar | Seed | $8M | — |
Top Co-Investors
Insignia Ventures Partners4 shared
Digital Garage3 shared
Vertex Growth Fund2 shared
Pavilion Capital2 shared
EV Growth2 shared
OVO Fund1 shared
Jungle Ventures1 shared
Sequoia Capital1 shared
Saison Capital1 shared
SoftBank Ventures Korea1 shared
Naver1 shared
STIC Investment1 shared
Intudo Ventures1 shared
Marvell Technology1 shared
SBI Investment1 shared
Golden Gate Ventures1 shared
Cherry Ventures1 shared
Beenext1 shared
Ardent Venture Partners1 shared
500 Startups1 shared
Last updated: 16 April 2026