Convergence Ventures (company)

Convergence Ventures is a venture capital firm in Indonesia that focuses on investing in companies within this country. Founded 2014 in Jakarta Raya, Indonesia by Adrian Li and Donald Wihardja, this venture capital invests in early stage ventures, seed, series A, series B, and convertible notes. Its portfolio companies include Hacktiv8, Carsome, Workmate, Koinworks, and JULO. As of February 2020, Convergence Ventures has made 48 investments. Their most recent investment was on January 15, 2020, when Hacktiv8 raised $3M. Convergence Ventures has had three exits, the most notable of which include 17 Media, MoneySmart, and FemaleDaily Network. Convergence Ventures has raised a single venture fund, Convergence Capital I. This fund was announced on October 3, 2016 and raised a total of $30M.