Indonesia’s Angel-eQ network looking to invest in 5 startups, adding more angels: Sandiaga Uno

Indonesia’s angel investor network Angel-eQ is looking to add five new startups into its portfolio this year, while at the same time attracting more angels. It is hoping to get at least another five to seven angels who are willing to invest between $500,000 to $1 million per ticket, according to politician and entrepreneur Sandiaga Uno.

Uno told this portal last week that the network will continue to invest in Indonesian “young talents”, whom he argued are still in desperate need for support and guidance from the more experienced angels. Angel investments will indeed play an increasingly bigger role in Indonesia’s growing startup ecosystem, in which private funding is still the backbone.

“Most of the young founders I’ve met can only bootstrap for three to six months at most. After that there needs to be a handover to the angel community, not only for money but also for mentorship and guidance,” Uno said.

Seven sectors to watch

There were seven sector verticals that Uno said would receive much attention from investors starting this year: health, consumer, food, daily necessities, fintech, education, and energy. Uno, who is also running as deputy candidate in the Jakarta gubernatorial election, emphasized the need for affordable and accessible healthcare.

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Energy will also be alluring, in particular because it will disrupt the ways of collecting, gathering, and distributing energy in the future. Uno predicted, or rather hoped, that someone will find a way to distribute solar panels into Indonesian households.

However, it seems that everyone agrees that fintech will be the prima donna, especially after authorities introduced a new set of rules for peer-topeer (P2P) lending platforms, boosting investors’ confidence in the sector. Major banks have also started to ink partnerships with fintech companeis, out of fear that they will be left behind.

Rosan Roeslani, chairman of the Indonesian Chambers of Commerce and Industry (KADIN), went as far as saying that investments into the fintech industry is expected to reach $8 billion by 2018.

“Everyone will be looking at fintech,” Uno said.

Uno, along with other high-profile investors and entrepreneurs in the region such as Shinta Dhanuwardoyo, Erick Thohir, Emil Abeng, Michael Steven, Adi Sariaatmadja, and Tony Fernandes, formed Angel e-Q Network in 2015.

The network claims to be “Indonesia’s first tech-enabled focused investor network”, that is “sector agnostic but emphasizes its investments on innovative companies that use technology as an enabler to scale up and grow quickly.”

Angel communities in Indonesia, though rare, are starting to gain popularity among startup founders as an alternative source of funding. 2015 also saw the forming of the Indonesian angel investment network (ANGIN), a spin-off program of Global Entrepreneurship Program Indonesia (GEPI), which now boasts over 40 angel investors – the largest in the country – and about 20 invested companies.

Also Read:

Air Asia chief Tony Fernandes & other investors form Angel-eQ to help tech startups in Indonesia

Angel investing can help push entrepreneurship in Indonesia: Shinta Kamdani, ANGIN

Indonesia: Kargo gets funding from East Ventures, ANGIN angel investor

Indonesia’s Angin funds three new startups, adds more angels

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.