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ATM Capital Plans to Pour $200 Million for Startup Investment in Southeast Asia

Retail and logistics to be the main focus

Randi Eka - 9 January 2019

ATM Capital, a Venture Capital from Beijing, China kicks off the year by closing an investment worth of $200 million. It is to be used for Southeast Asia startups, including the ones in Indonesia. Some investors involved in ATM Capital are include Alibaba eWTP Technology Innovation Fund, 58 Group, Wang Xiaochuan, and several Chinese businessman.

Starting from the expertise in China’s internet industry, ATM Capital considers that Southeast Asia has similar characteristic. It was proven from the Chinese investors involvement in supporting unicorn in Southeast Asia, such as Gojek, Grab, Lazada, and others. ATM Capital, to ensure the smooth maneuver, has acquired local partners in Southeast Asia – a related source said some are based in Jakarta.

To date, ATM Capital has invested in several companies in Indonesia, Gojek and ReWork are in the portfolio. In Indonesia, they’re focus to invest in logistics, retail, and insurtech. This venture capital, supported by Qu Tian, has a vision to develop strategic local partners and create long-term vision, including to connect it with resources through its network in China.

His debut in Indonesia has been started since last year. In September 2018, Tsinghua University and ATM Capital successfully held the “Southeast Asia Unicorn Growth Program” in Jakarta. It was expected to improve communication among potential startups to find opportunities for collaboration with partners from Southeast Asia and China


Original article is in Indonesian, translated by Kristin Siagian

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