<article>Singapore-based venture capital firm <a href="https://www.dealstreetasia.com/tag/Beenext/">BEENEXT</a> says it is looking to make a minimum of up to six investments in Indonesia in 2019 as it looks to tap new opportunities and entrepreneurial talent in the market.</article>

Singapore-based venture capital firm <a href="https://www.dealstreetasia.com/tag/Beenext/">BEENEXT</a> says it is looking to make a minimum of up to six investments in Indonesia in 2019 as it looks to tap new opportunities and entrepreneurial talent in the market.
In an interaction with DEALSTREETASIA, BEENEXT operating partner Nao Ito said that the new deals will continue the firm’s active investments in a market where it has already backed nine companies.
The firm, which also claims to have made six other investments in the country through affiliate entities, was an early backer of local unicorn <a href="https://www.dealstreetasia.com/tag/Tokopedia">Tokopedia</a>. Other Indonesian startups in its portfolio include fintech firm <a href="https://www.dealstreetasia.com/tag/Amartha">Amartha</a> and B2B marketplace <a href="https://www.dealstreetasia.com/tag/Ralali/">Ralali</a>.
Over the past year, the VC firm has also managed to achieve notable exits from a couple of its investments, namely O2O commerce startup Kudo, which was acquired by ride-hailing giant Grab, and payments startup Midtrans, which was acquired by Grab’s rival Go-Jek.
For its next investments, Ito said BEENEXT would particularly be on the look-out for companies operating in the healthcare and agriculture sector.
“We have been interested in marketplaces, consumer tech, fintech and SaaS domain and would love to seek more investment opportunities in healthcare tech and agriculture tech as well,” he said.
While BEENEXT will be flexible in investment ticket size for Indonesian companies, Ito said the firm will continue to enjoy injecting early capital into companies to support their development.
“We are more than happy to participate in the journey from a very early stage, and trying to contribute to the founder with our experience in building and developing the various types of digital platform crossing the region as founder/entrepreneur by ourselves,” he said.
BEENEXT was founded by Japanese entrepreneur Teruhide Sato, previously the chief executive of BEENOS who took it public on the Tokyo Stock Exchange’s Mothers market in 2004. At BEENEXT, Sato holds the position of managing partner, along with fellow Japanese investor Hironori Maeda.
Despite boasting years of investment experience, BEENEXT only launched its first established fund last year after announcing it had spun off its $75-million-plus fund from Singapore P2 firm Gordian Capital.
Since launching the fund, the VC firm has backed numerous companies in different markets, the latest being its investment in Indian micro-delivery startup Milkbasket and Vietnamese enterprise SaaS platform Base.vn earlier this month.
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The firm, an early backer of Indonesian unicorn Tokopedia, has also invested in fintech firm Amartha and B2B marketplace Ralali.

VC firm BEENEXT eyes at least six investments in Indonesia in 2019

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VC firm BEENEXT eyes at least six investments in Indonesia in 2019

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