Skystar Capital, a prominent venture capital firm based in Indonesia, has unveiled its new tagline, “Local Roots, Home for Visionaries,” which reflects its core mission of supporting early-stage tech startups in the country. Since its establishment in 2014, the firm has been focused on fostering long-term partnerships with Indonesian founders who possess the vision to create sustainable growth and innovations that can shape Indonesia’s future. By aligning its efforts with Indonesia’s Vision 2045, Skystar Capital plays a pivotal role in the nation’s technological and economic transformation.

Skystar Capital’s "Local Roots" concept emphasizes its deep commitment to the local startup ecosystem. The firm is dedicated to helping Indonesian founders navigate the country’s unique challenges by providing them access to strategic industry networks and resources. The firm operates across various sectors, including media, hospitality, manufacturing, logistics, education, and automotive. This diverse and robust network serves as a vital asset, allowing startups to access industry-specific knowledge and collaboration opportunities, which in turn accelerates their growth and impact.

The second pillar of Skystar Capital’s mission, “Home for Visionaries,” highlights the firm’s role as a long-term strategic partner. The firm aims to provide more than just funding; it focuses on building enduring relationships with founders. By providing guidance, resources, and access to valuable networks, Skystar Capital positions itself as the go-to partner for startups that are poised to drive change in Indonesia. This philosophy aligns with Indonesia's Vision 2045, which seeks to increase the country’s investment-to-GDP ratio to 38.1% and foster innovation that enhances local industries.

Abraham Hidayat, Managing Partner at Skystar Capital, emphasized that the firm’s approach is built around supporting visionary founders who have the potential to impact Indonesia’s tech ecosystem significantly. He shared that the firm is not only focused on financial backing but also on fostering innovation that aligns with national priorities, particularly in sectors like artificial intelligence (AI) and environmental, social, and governance (ESG) principles.

One of the standout successes from Skystar Capital’s portfolio is Paper.id, a B2B invoicing and financial management platform that leverages AI and Optical Character Recognition (OCR) technology. Since its founding in 2017, Paper.id has revolutionized the way Indonesian SMEs manage financial transactions, enabling them to streamline their operations and compete in the global digital economy. The platform has expanded rapidly, thanks to the strategic support and market access provided by Skystar Capital.

As Indonesia strives to build a more competitive and sustainable economy, Skystar Capital remains committed to investing in startups that address the country’s most pressing needs. By empowering visionary founders with the resources, knowledge, and networks they need to succeed, the firm is helping to build a thriving ecosystem that supports Indonesia’s Vision 2045 goals.

Skystar Capital's extensive experience and deep understanding of the local market make it an invaluable partner for early-stage startups in Indonesia. With a clear focus on innovation and long-term partnerships, Skystar Capital is poised to continue shaping the future of Indonesia’s tech-driven economy, one startup at a time.