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

Jakarta-based Skystar Capital is an early-stage venture capital firm that calls itself a home for visionaries, with local roots in Indonesia and a remit across Southeast Asia. It has been an early backer of several of Indonesia's best-known startups, and its founders' testimony-led pitch is that it stays close to companies from day zero. For founders learning how to get funding from Skystar Capital, the fit test is impact as well as growth: the firm says it backs entrepreneurs who want to create a lasting and profound positive difference.

Investment thesis

Skystar Capital describes itself as committed to supporting tech entrepreneurs to create a lasting and profound positive difference in Southeast Asia and Indonesia. It seeks founders who are passionate about creating impact in Indonesia, with strong fundamentals, scalable models and the ability to grow sustainably.

Sectors and stages

The firm invests at seed and Series A stage, with some trackers also recording Series B participation, principally in Indonesia, with activity in Singapore and Vietnam. Its stated focus spans consumer software, education technology, enterprise software, fintech and health technology, and its portfolio highlights lean heavily toward fintech and financial inclusion.

Fund size and cheque size

Skystar Capital launched a second fund in 2022, Skystar Capital Fund II, but a fund size and a standard cheque size are not publicly disclosed on its official site. Founders should therefore not quote a cheque figure for this firm: the honest position is that size is not publicly disclosed, and terms are set deal by deal according to stage and traction.

Notable portfolio

The firm's own site and announcements name Carro, Paper.id, JULO, FUSE and Komunal among the startups it has partnered with. Skystar Capital led JULO's seed round, backing a digital lender aimed at unbanked Indonesians, and later supported JULO through follow-on rounds. It also backed Komunal, which built Indonesia's first rural-bank deposit product and raised a $5.5 million extended Series A, and Paper.id, a digital invoicing and business-to-business payments company whose founders credit Skystar Capital with financial support and network introductions from an early stage.

Partners and team

The managing partner is Abraham Hidayat, who has spoken publicly about the firm's philosophy of building strategic relationships with visionaries, not just providing funding.

Programs run

Skystar Capital does not publish a fixed accelerator cohort. Its programmes are its portfolio activities: funding, business development, access to industry networks and participation in ecosystem events, such as its fireside session at the Google goes to Surabaya event alongside other Indonesian investors and portfolio company Komunal.

Credits and perks

No published credits or perks programme was found for Skystar Capital. Its practical perks, according to founders, are customer and investor introductions, strategic advice and talent help, rather than a standardised credits bundle.

How to apply for funding

No public application form was found on the firm's official site. Founders should approach through skystar.vc, where the site invites startups to reach their highest aspirations with the firm, or through a warm introduction from its Indonesian network, leading with fundamentals, Indonesian impact and a sustainable growth plan at seed or Series A stage.