Amvesindo, the Association of Venture Capital and Startups in Indonesia, is actively seeking startups with promising potential to receive financial backing in 2025. The association’s chairman, Eddi Danusaputro, emphasized that the challenge for the venture capital industry lies in identifying and nurturing startups that can grow together with investors.

In 2024, venture capital funding saw a decline. According to data from Indonesia's Financial Services Authority (OJK), there was a 5.5% year-on-year decrease. The total venture capital financing stood at IDR 16.32 trillion in October 2024, down from IDR 17.28 trillion in October 2023.

Despite this contraction, sectors like agritech continue to draw attention from venture capital firms. Eddi noted that industries addressing large-scale problems, such as fintech and agritech, remain attractive to investors and founders. However, startups must have a clear path to profitability to be considered viable.

Amvesindo's data reveals that in 2023, the most funded startup sectors were marketplace, fintech, and aquatech. Marketplace received $1.51 billion, Fintech received $583 million, and Aquatech secured $213 million in funding. The electric vehicle (EV) sector also showed strong potential with $153 million in funding.

Healthtech and e-commerce enablers received $125 million and $30 million, respectively. Agritech, contech, and SaaS sectors followed, with funding of $26 million each. Proptech, foodtech, car marketplace, and biotech rounded out the list with funding ranging from $10 million to $8 million.

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