[NEWS] ANGIN received seed investment from 500 Startups and prominent angel investors

ANGIN was founded in 2013 by several high net worth individuals, led by Shinta Kamdani, (CEO of Sintesa Group). It has pioneered the field of gender lens investment by launching the first Women Fund in Indonesia. Since then, ANGIN has organically expanded its offerings to new services such as consulting, technology, content and research.

To answer a growing market demand for its services, ANGIN’s management has decided to search for external support. “We have bootstrapped ANGIN since inception and our team was hungry for more impact and reach. We decided to look for external capital to give us the fuel to expand”, said David Soukhasing, Managing Director of ANGIN.

Funding was sought from other investment organizations who have experience scaling up in emerging markets, and who were aligned with ANGIN’s mission. Naturally, 500 Startups came to mind.

“Starting out in Silicon Valley to now 2,000+ investments in 60+ countries globally comes with deep set lessons and know-how that we want to share with ANGIN. Their work is expansive and lays the foundation for a more inclusive future. I am honored to be backing ANGIN as they scale up.” said Khailee Ng, Managing Partner of 500 Startups.

In May this year, ANGIN closed its first seed round from 500 Startups and three Indonesian investors: Shinta Kamdani, Pak Diono Nurjadin (CEO of Cardig International) and Jefrey Joe (Managing Director and Co-Founder of Alpha JWC).

“We are excited to work with a solid mix of VC and individuals who are fully aligned with our vision and impact mission. We are already preparing to launch new features, improving our services to our angel investors and will continue to strive on supporting Indonesian startups across Indonesia. This fundraising also sends a strong message to ecosystem builders like us who strive to support ventures, that investors are keen to support and that there is an alternative to grants and donations to sustain their operations”, adds David Soukhasing.

About 500 Startups: ​500 Startups​ is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. We are one of the most active seed stage venture capital firms in the world. Since our inception in Silicon Valley, 500 Startups has invested in over 2,000 companies via our 4 global funds and 14 microfunds dedicated to either specific geographic markets or verticals. Our 100+ team members are located in multiple locations worldwide, with 500 Startups’ global portfolio of investments spanning over 60 countries.

In Southeast Asia, our ​500 Durians​ Funds and team bridge talented entrepreneurs and the opportunities they are pursuing with access to connected capital and expertise. To date, we have invested in and support over 160 companies and have built powerful communities of founders across Southeast Asia.

[NEWS] ANGIN Featured In Diinsider Change Mag!

David Soukhasing has the pleasure to share ANGIN’s work with Gladys from Diinsider Change Mag. Through this interview, we discuss angel investment, our impact, challenges as still an early organization and our vision forward. Thanks Gladys for allocating time to our impact.

You will find the interview here.

CHANGE works to promote grassroots innovations that have the potential to inspire many organizations and young changemakers who have been directly involved in work at the grassroots level, and empower them to take effective actions with sustainable and scalable models. Their founding team combines intensive grassroots experiences with cross-sector skills and global perspective. They are all social entrepreneurs dedicated to creating changes in the grassroots level, however when they started, they could not see a single platform that can empower our work with both inspirations and in-depth analysis. So they created one.

In this issue, they also bring you a collection of cases in the agricultural sector. They hope to open your innovative minds to co-create and co-innovate our agriculture industry and empower farmers, their families and the whole economy.

Featuring as well:
Nelaya Eco Farm | Youth Co:Lab
Digital Green
Aryana Agricultural Alternatives
Doko Recyclers

[RECAP] ANGIN goes to AVPN Conference 2018

ANGIN is proud to have both attended and participated in the AVPN 2018 Conference in Singapore. Valencia Dea, Principal of ANGIN, shared her insights during the panel, Financing the Missing Middle in Southeast Asia alongside several other policy experts. Riaz Bhardwaj presented ANGIN’s research findings during a Gender Lens Investment workshop hosted by Sasakawa Peace Foundation. The conference had a heavy focus on gender lens investment and women’s empowerment – a refreshing take on investment, especially as ANGIN expands its women’s empowerment  programs.

In addition, the team was able to attend meaningful workshops such as Big Data for Social Impact and Investing in Digital Inclusion and Last Mile Connectivity in Asia, hosted by the likes of USAID, Google, Microsoft, VillageCapital, and Mastercard. The Deal Share Platform speed-dating sessions were also eye-opening and informative as some of the best social innovations and entrepreneurs were given the chance to present their products and solutions. ANGIN is grateful to once again have the opportunity to attend the AVPN conference as a member and participate actively as speakers and attendees while reconnecting with old faces and meeting new ones. We look forward to more AVPN activities in the future and see the impact investment space of Asia to be extremely promising.

 

 

[RECAP] World Environment Day at Greenhouse!

On June 5, 2018, ANGIN was invited to the World Environment Day 2018 talk at the Greenhouse Cowork center. The World Environment Day is an annual event led by the United Nations focused on raising awareness on the world environment. This year’s theme for World Environment Day is #BeatPlasticPollution. Speakers for the event included representatives from Greenhouse, Waste4Change, Project Semesta. Gerakan Indonesia Diet Kantong Plastik as well as the Danish ambassador, Mr. Rasmus Kristensen, and the Swedish ambassador, Mrs. Johanna Skoog.

 

Here are the key takeaways from the event:

  1. Both Sweden and Norway uses various incentives, such as taxes or refunds,  to change behavior on plastic use, recycling, and general waste management
  2. In a short 27 city trial run of a plastic bag charge, plastic bag consumption has declined by around 55%
  3. The resulting snowball effect resulted in the Indonesian government working on a plastic reduction policy which includes targets such a 70% reduction of marine plastic debris by 2025
  4. Roughly 80% of Indonesia’s waste materials can be composted and recycled yet roughly 80% is not managed properly
  5. There needs to be a paradigm shift towards Reducing, Reusing and Recycling rather than only focusing on disposal/landfill
  6. There are 5 Aspects that are needed to implement responsible waste management: policy/regulation, stakeholder participation, finance, institutions and operational technique
  7. What we can do to start eliminating waste: rethink, refuse, reduce, reuse, recycle and reroot

 

[RECAP] Oracle Startups Festival Cloud Acceleration Day

On Wed (9/5), David from ANGIN was invited to speak at the Oracle Startups Festival Cloud Acceleration Day in Yogyakarta. Many Yogyakarta startups showed up to this event, and all of them are very enthusiastic and eager to learn more about the digital economy ecosystem and the investment landscape in Indonesia.
Here are the key takeaways:

  • Indonesia is soon to be ASEAN’s biggest digital economy country
  • Digital economy ecosystem in Indonesia is growing, corporate such as Oracle are showing their support as well as the government, coworking spaces, startup accelerators and incubators, and of course funding.
  • There are 6 criteria to assess whether a startup would be a good fit for an angel investor or not: ticket size, timing, type of funding, industry, tech/non-tech, and in which stage the startup is in.
  • When evaluating the startups, we look at these criteria: team, value proposition, business model, strategy, monetization, execution, valuation, and exit/return opportunity.

We hope all the entrepreneurs who attended the event gained significant knowledge of the investment landscape and digital economy ecosystem!

[RECAP] Indonesia Sustainability Seminar 2018

ANGIN team attended the Indonesia Sustainability Seminar 2018, organized by Most Valued Business (MVB) Indonesia, on 8th May 2018 at Hotel Raffles in Jakarta, Indonesia. The theme of the seminar was “Securing Sustainable Future through Innovation and Dedication”.

A number of interesting speakers from public sector, private sector and the academia share their ideas and experiences on how to incorporate social responsibility in the business processes. The speakers included Alistair Speirs (Chairman of MVB Indonesia), H. E Rasmus A. Kristensen (Ambassador of Denmark for Indonesia), Maria Nindita Radyanti (Executive Director of CECT Trisakti), Paola Cannuciari (Co-Founder of Waste4Change) and Bjorn Heidrich (President Director of BayWa r.e.).

  1. E Rasmus A. Kristensen, the Ambassador of Denmark for Indonesia, in his keynote presentation, highlighted the initiated taken by Denmark towards a sustainable future. The ambassador made a very interesting remark about how innovation is driving sustainability and changing the competitive landscape. He spoke about Denmark’s commitment towards promoting circular economy and resource efficiency. He also shared case studies of how Danish companies are developing and pioneering circular economy solutions. One of the most interesting cases was how many companies are using low-cost clean energy in Denmark to build their massive data centres and then, utilizing the heat produced from data centres to heat homes.

Maria Nindita Radyanti, Director of CECT Trisakti, delivered a presentation on how corporate social responsibility (CSR) is not only about external impact and philanthropy but also about the impact of the internal business activities and decisions. Furthermore, she noted that CSR is an activity with the objective of sustainable development and also, demonstrated how businesses can incorporate CSR across the value chain.

The seminar also showcased two businesses, Waste4Change and BayWa r. e., that shared their experiences and how they are contributing towards sustainable development.

Overall, the seminar provided valuable insights into how innovation has led to clean-tech revolution and is driving sustainability.

 

[REPORT] ANGIN Team Member to Participate in UNLEASH 2018

We are excited to announce that one of our team members, Riaz Bhardwaj, is invited to be a participant in UNLEASH 2018! ANGIN will continue its commitment to support positive social impact related to the Sustainable Development Goals.

About UNLEASH

UNLEASH is a global innovation lab that brings together people from all over the world to transform 1,000 personal insights into hundreds of ideas, and build lasting global networks around the Sustainable Development Goals.

Every year, UNLEASH chooses different themes that are related to the SDGs for the talents to work on. They will also be provided guidelines for impact.

The themes this year is SDG 2: No Hunger, SDG 3: Good Health and Well-Being, SDG 4: Quality Education, SDG 6: Clean Water and Sanitation, SDG 7: Affordable and Clean Energy, SDG 11: Sustainable Cities and Communities, SDG 12: Responsible Supply Chain and Consumption, and SDG 13: Climate Action.

You can find out more about UNLEASH here.

 

[Upcoming] Oracle Startups Festival – Cloud Acceleration Day #Jogja

Oracle cordially invites you to meet our international and local teams in Yogyakarta while we network and dine together. Join our first thought leadership event in Yogyakarta titled the “Oracle Startups Festival – Cloud Acceleration Day”.

Join the Oracle Executive Director Team and the Head of Indonesia’s Angel Investment Network (ANGIN), David Soukhasing and gain unique insights about technology, the venture investment landscape, startups in Indonesia and what they need to do to scale and grow.

Our goal for this event is to support the Startup ecosystem in Yogyakarta and we will share some valuable insight about:

  • How startups compete on a global scale and what they need to do to keep up
  • How cloud platforms are not merely an online storage medium but an ecosystem of tools that enable significant competitive advantages over peers
  • Learn new insights about innovation and future economic landscape, particularly in Asia Pacific.
  • Learn how David can compete against Goliath
  • Network with peers who have diverse insights

Please see below for the event details:

Date: Wednesday, 9 May 2018

Time: 12:00 – 15:30 (GMT + 7)

*Venue will be informed after registrations

Meet and network with our global team as we enjoy coffee and high tea.

For additional questions and other inquiries, please feel free reach out via email Dali@oracleevents.id.

Register here:

https://www.eventbrite.com/e/startups-festival-cloud-acceleration-day-jogja-tickets-44180940382

 

[RECAP] ARISE Conference 2018

On Thursday (26/04), ANGIN was invited to the annual event hosted by Instellar, ARISE. ARISE is short for Awaken & Rediscover Indonesian Social Enterprises, and as it name suggests, it is an event that focuses on everyone who are making positive changes in Indonesia’s community and environment. This year ARISE raises the theme of “Impactful Technology For A Sustainable Future” and it was really insightful to see the discussions of the panelists in this event.

One of the highlights of this event is the launch of ASEAN Social Enterprise Structuring Guide in Indonesia which is developed together by British Council with United Nations ESCAP, Trust Law, Tilleke and Gibbins, and local partners in each country. The panelists consists of Ari Sutanti (Senior Programme Manager at British Council Indonesia), Gita Syahrani (Founder of Socolas), Nancy Margried (CEO of Batik Fractal), and Peter Ptashko FRSA (Director of Global Social Entrepreneurship Network). One of the key points from this discussion is how social enterprises in Indonesia has minimum access to regulatory framework information, hence making it difficult for them to operate. With the launch of this guide, we are hopeful that it will inspire support and growth of social enterprises in Indonesia.

Finally, the peak of the event was the Demo Day Rise Inc. Stars 4. 23 social enterprises were to present their pitch deck to a panel of judges and our very own Head, David Soukhasing, was one of the judges. ARISE is a platform for these Rise Inc. Stars to showcase their products and services. All 23 social enterprises presented their pitch deck for 3 minutes each and received substantial feedback from the judges. It was exciting to see the ideas of these social enterprises and how social impact drives them to do their business. We wish them all the best in their future endeavors!

 

[RECAP] Tanijoy Soft Launch

On Monday (23/4), ANGIN was invited to the soft launch of Tanijoy Investasi, a startup which connects field partners with small farmers in order to ease and bring transparency to their investments in agriculture. During this soft launch, several speakers were invited to share their knowledge and experience about agriculture and Indonesia’s economy as a whole. The panel consisted of four experts: Poltak Hotradero (Senior Researcher at Indonesia Stock Exchange), Muhaimin Iqbal (Founder & Chairman of Indonesia Startup Center), Romy Cahyadi (CEO of Instellar), and M. Nanda Putra (Co-founder & CEO of Tanijoy).

Here are the key takeaways:

  • According to Mr. Poltak Hotradero, startups such as TaniJoy should be able to make use of their data as it is the value of the startup. Data are very powerful when used correctly, and that is something that other corporations don’t have. For example, startups know exactly the profile of their users.
  • Mr. Muhaimin Iqbal talked about the problems faced by Indonesia, especially in the agriculture sector. Indonesia, despite its potential, has no self-sufficiency in food.
  • The problem lies in how little investments goes to farming in Indonesia where food is always in high demand.
  • Indonesia’s consumption of meat and vegetables are very low compared to the world average. Consumption of meat is only a quarter of the global average, and consumption of vegetables is only a third of the global average.
  • Banks would only allocate around 3 – 6% for agriculture, which shows how little investments go to agriculture and farming.
  • With TaniJoy, it would help people to invest in agriculture in an easy, safe, and transparent way.

We are so excited with the soft launch of Tanijoy, and we hope the social impact it brings would be an inspiration to all. Best of luck for TaniJoy!