Teja Ventures Invests in Binar Academy; to Secure a Second Managed Fund

Binar Academy, the edutech platform developed by Alamanda Shantika, has completed its seed funding from Singapore-based venture capital, Teja Ventures. The investment value was undisclosed.

Teja Ventures Partner, David Soukhasing revealed to DailySocial that selecting Binar Academy to join its portfolio was based on a strong belief in the company founder with fairly positive track record.

"Binar Academy has had a fairly good number of clients, ranging from middle to upper class. It also has the potential to scale-up and provide good solutions quickly and have a fairly solid foundation," David said.

Was founded in 2017, Binar Academy is now available in around 33 cities in Indonesia. Earlier this month, they released an application that is available on the App Store and Play Store. Since the beginning, Binar Academy focus to be able to deliver new digital talents who are capable to master programming languages ​​through the platform.

Aside from education, Binar Academy also channels several talents relevant to the needs of companies and startups to join as employees.

Apart from Binar, there are several other startups that provide "bootcamp" concept education services. One of those is Hacktiv8, they provide a lot of education about programming, including channeling their graduates to partner companies. There is also Skilvul, which is also correlated with the Impact Byte program.

Teja Ventures plans

Previously, David was known as Managing Director of ANGIN (Angel Investment Network Indonesia). Then, together with his partner Virginia Tan, who is also ANGIN's client, he founded Teja Ventures in 2019. They also focus on supporting women founders.

"Teja Ventures is one of ANGIN's clients (as we have 120 other clients including ADB, TINC, Moonshot Ventures) and also connected with me because I am one of the four partners, including one from Indonesia," David said.

After Binar Academy, Teja Ventures' next plan is to continue investing in startups with good potential. Starting from beauty tech, SME supply chain, wellness, and others. Teja Ventures strives to support its portfolio companies in Indonesia, including Duithape, Burgreens, Green Butcher, Shox / Rumah, and Siklus.

"In the future, Teja Ventures is currently preparing for the second managed fund and to continue maintaining good momentum from the LP and deal-flow," David said.

– Original article is in Indonesian, translated by Kristin Siagian