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.
Portfolio
7
Fund Size
—
Top Stage
Series A
Last 12 Mo
0
Stage Distribution
Portfolio
7 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Legit Group | Series A | $13.7M | Apr 2023 |
| Ula | Seed | $10.5M | Jun 2020 |
| Waresix | Series A | $14.5M | Jul 2019 |
| Fore Coffee | Seed | $8.5M | Feb 2019 |
| Warung Pintar | Series B | $27.5M | Jan 2019 |
| Ev Hive | Series A | $20M | Jun 2018 |
| Warung Pintar | Seed | $8M | — |
Top Co-Investors
Insignia Ventures Partners3 shared
Pavilion Capital2 shared
Digital Garage2 shared
EV Growth2 shared
Vertex Growth Fund1 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
Last updated: 3 March 2026