Indonesian entertainment firm Visinema snags $3.25m led by Intudo

Central Park, Jakarta, Indonesia. Photo by Severinus Dewantara on Unsplash

Visinema, an Indonesia-based entertainment and IP development company, has secured a Series A funding of $3.25 million led by Intudo Ventures with participation from existing investor GDP Venture, and Ancora Capital.

In a statement, Visinema says it will use the corpus to build capacity in animation production, enhance talent acquisition, and drive international expansion.

Founded in June 2008, Visinema produces and distributes a wide range of entertainment content for audiences across several formats, including film, television, and digital.

The company’s core offerings include Visinema Pictures, which develops theatrical releases; and Visinema Content, producing serial content for brands and digital OTT/SVOD platforms such as Netflix, iFlix, and Goplay.

In addition to its core business, Visinema has developed a comprehensive end-to-end studio ecosystem for film development from conceptualization, production, talent development and recruitment, distribution, and monetization.

The company’s Visinema Music division produces and monetizes music for films and develops music talent; its Visinema Campus is its talent development, creative lab and recruitment arm; and Skriptura, a writers’ room for creative & IP development.

The company has partnered with both multinational and local brands to produce quality digital content for the Indonesian market, including Unilever, Danone, Mayora, Toyota, Honda, Bank Central Asia (BCA), Blibli, JD.id, and many others.

Fuelled by the fresh investment, Visinema says it will build up competency in animation production by collaborating with and acquiring local animation studios, with its first feature animated film to be released in 2020.

Additionally, Visinema plans to expand its footprint beyond Indonesia through direct business operations and partnerships to share Indonesian stories with more audiences in Southeast Asia and around the world. The company will also enhance its talent acquisition capacity to provide higher quality content to its users.

“Indonesia’s domestic film industry has experienced rapid growth over the past few years, both in terms of feature-length films and unique content formats, and there continues to be significant demand for high-grade local content. With in-house produced Hollywood-caliber content, we believe that Visinema is well-positioned to tell more Indonesian stories to audiences both domestically and around the world,” said Intudo Ventures founding partner Patrick Yip.

The film industry has of late been attracting VC interest in Indonesia. Last year, Ideosource, one of Indonesia’s earliest venture capital firms, has launched a $15 million Film Fund to invest in film-making projects.

For Ideosource, its investment in films comes after the full deployment of its $15-million tech fund, through which it invested in 27 early-stage tech startups, including aCommerce, Orori, e-Fishery, and Bhinneka.

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.