Patamar Capital raised $45 million for its first vehicle, which has backed 14 startups, in 2016.
It plans to tap sectors such as health tech, consumer discretionary, block chain and fintech and infuse capital under the ticket size of $1 million.
BEENOS Plaza, the investment vehicle of Japan’s BEENOS in Indonesia, is also said to have contributed to the financing.
OVO had earlier secured an undisclosed investment from Grab in return for a stake.
The Lifepal transaction comes on the heels of ATM Capital’s investment in Indonesian freight marketplace Andalin along with Access VC.
Provident Capital has also invested in e-commerce and logistics joint ventures with China’s JD.com in Indonesia.
The startup has previously raised capital from Golden Gate Ventures, Convergence Ventures, Skystar Capital and Rocket Internet.
Antler, which is targeting to close its SE Asia-focused $30-million fund by the year-end, is also firming up plans to raise similar-sized vehicles targeting Europe and West Asia.
It raised over $10 million in a pre-Series B round in April 2018 at a $100m valuation.
Resume Ranks, which has raised $500k from angel investors, is planning to launch in parts of the US, Indonesia, Thailand and Singapore in the second quarter of 2019.