Investor Profile: Kejora Capital — Thesis, Cheque Size & How to Apply

Kejora Capital is one of Southeast Asia's most established venture firms, and for founders building in Indonesia it is often the first institutional name on the cap table conversation. Founded in 2014 and headquartered in Jakarta and Singapore, Kejora Capital invests from early stage through growth stage across Southeast Asia, with Indonesia at the centre of its work.

Thesis

Kejora Capital backs technology companies solving large problems for Southeast Asia's huge population, favouring founders with deep local insight and the ambition to become number one in their market. Its stated approach goes beyond writing cheques: the firm says it gives portfolio companies first-hand market and industry information and access to a network of industry experts and partners, so founders can make better-informed decisions as they scale.

Sectors and stages

The firm invests across fintech, e-commerce, logistics, software and consumer technology, from early stage to growth stage. Its geographic footprint spans Indonesia, Malaysia, Singapore, Thailand, the Philippines, South Korea and Hong Kong, though its deal flow and identity remain strongly Indonesian. Its early funds focused on seed and pre-Series A rounds, and later vehicles moved into growth-stage deals.

Fund size and cheque size

Kejora Capital reports more than USD 380 million in assets under management. Its second fund, announced in 2017, targeted USD 80 million and committed USD 2 million to USD 5 million per startup in pre-Series A and Series A rounds. A single current cheque size is not publicly disclosed, so founders should treat the USD 2 million to USD 5 million range as historical guidance rather than a live promise. In 2020, Preqin ranked Kejora Star Capital II at number eight globally and number one in Southeast Asia among top-performing venture funds.

Notable portfolio

Early investments named by the firm included fintech companies Investree, C88 Fintech Group and MoneyTable, HR startup Qareer Group Asia, delivery service Etobee and software startup Pawoon. Later investments recorded in deal databases include rural commerce platform Dagangan, securities crowdfunding platform Bizhare, and carbon management platform Unravel Carbon.

Partners and team

Kejora Capital was founded by Sebastian Togelang, and Andy Zain serves as a managing partner. The firm has also built joint vehicles with major regional partners, including the Kejora-SBI Orbit early-stage initiative with SBI Holdings of Japan and the Kejora-InterVest growth fund with Korea's InterVest, reported at more than USD 100 million.

Programs, credits and perks

Kejora Capital is known for its Ideabox accelerator programme in Jakarta, which supported very early Indonesian startups. No public startup credits or perks programme is currently advertised by the firm, so founders should not expect a standard cloud-credit package as part of a Kejora Capital term sheet; the practical perks are network access, regional partners and follow-on capital through its later-stage vehicles.

How to apply for funding

Learning how to get funding from Kejora Capital starts with the firm's website, kejorahq.com, where founders can find contact details and an overview of its funds. There is no public application portal with published timelines, so the realistic route is a warm introduction through a portfolio founder, a co-investor or a regional accelerator, backed by evidence of traction in Indonesia or a neighbouring Southeast Asian market.