BRI Ventures
BRI Ventures is the corporate venture capital arm of Bank Rakyat Indonesia (BRI) that manages Indonesia's first OJK-licensed venture fund (Sembrani Nusantara) and runs accelerator programs (Sembrani Wira, TSBA, KIQANI Lab) targeting Indonesian startups and digital MSMEs across fintech, agriculture, healthcare, retail, logistics, and supply chain.
- Company typePrivate
- Founded2019
- HeadquartersJakarta, Indonesia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What BRI Ventures does
BRI Ventures is the corporate venture capital arm of Bank Rakyat Indonesia (BRI), Indonesia's largest state-owned bank, founded in 2019 and headquartered in Jakarta. The firm operates as a platform-plus-program vehicle that deploys capital through OJK-regulated venture funds while running multiple accelerator programs targeting Indonesian startups and digital MSMEs. Its flagship product, Sembrani Nusantara, was the first venture fund (Dana Ventura) in Indonesia licensed and regulated by the Financial Services Authority (OJK) when launched in 2020; a second venture fund followed in 2022 alongside a deliberate broadening of sector coverage from fintech into agriculture, healthcare, retail, logistics, and supply chain.
Beyond its funds, BRI Ventures runs three accelerator programs: Sembrani Wira (executed with Grab Ventures Velocity across batches 4 and 5 for post-seed startups aligned with merchant and MSME needs), TSBA / Tokocrypto Sembrani Blockchain Accelerator (a Web3-focused program built with Tokocrypto via TokoLaunchPad), and KIQANI Lab (a D2C-focused accelerator for local brand startups). The firm also operates a dedicated investor portal for institutional and accredited LPs.
The revenue model is that of a fund manager: management fees and carried interest from licensed venture funds, supplemented by returns from portfolio exits and equity stakes. The customer base consists of two distinct groups — Indonesian startups and digital MSMEs (as portfolio companies and accelerator participants) and institutional/accredited LPs (as capital providers) — with BRI itself acting as anchor LP and strategic partner. Distribution leverages BRI's extensive banking network and state-owned bank reach. Notable strategic risks include a 2026 corruption conviction of the former CEO and three other executives tied to a $25 million investment in agritech startup TaniHub, which resulted in estimated state losses of around $5 million and a material governance overhang.
BRI Ventures firmographics
Firmographics- Name
- BRI Ventures
- Legal name
- BRI Ventures
- Website
- https://briventures.id
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BRI Ventures is the corporate venture capital arm of Bank Rakyat Indonesia (BRI) that manages Indonesia's first OJK-licensed venture fund (Sembrani Nusantara) and runs accelerator programs (Sembrani Wira, TSBA, KIQANI Lab) targeting Indonesian startups and digital MSMEs across fintech, agriculture, healthcare, retail, logistics, and supply chain.
- Ownership category
- akta.pro rank
BRI Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- All Other Financial Investment Activities (52399)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Impact / ESG Venture Capital (FSANAAAG)
- akta.pro secondary industry
- Bank-affiliated Venture Debt Lenders (FSANAIAA)
Keywords
Where BRI Ventures is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices1 record
Markets served
BRI Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Venture Capital Returns: Generating returns through equity investments in Indonesian startups. Revenue realized through portfolio company exits, IPOs, or secondary sales. Fund management fees and carried interest from the Sembrani Nusantara venture fund.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
BRI Ventures product offering
Product offeringCore offering
BRI Ventures is a corporate venture capital firm that invests in and scales high-potential Indonesian startups through OJK-licensed venture funds (Sembrani Nusantara) and accelerator programs. The firm provides equity capital combined with strategic guidance, mentorship, and access to Bank Rakyat Indonesia's (BRI) financial ecosystem, targeting post-seed and growth-stage startups in fintech, agriculture, healthcare, retail, logistics, and supply chain sectors.
Product overview
BRI Ventures is a Corporate Venture Capital firm founded in 2019, born from the legacy of Bank BRI. The company operates a platform-plus-program architecture consisting of venture fund products (Sembrani Nusantara - the first OJK-licensed venture fund), multiple accelerator programs (Sembrani Wira, TSBA, KIQANI Lab), and an Investor Portal. BRI Ventures focuses on nurturing Indonesia's digital ecosystem and local champions, with investments spanning fintech, agriculture, healthcare, retail, logistics, and supply chain sectors.
Differentiator
Problem solved
Functional benefit
Brands
- Sembrani Nusantara: Indonesia's pioneering venture fund, licensed by OJK, representing the future startup philosophy. Sembrani is Batara Wisnu's horse in wayang stories, a representation of a unicorn with local wisdom.
- Sembrani Wira
- TSBA (Tokocrypto Sembrani Blockchain Accelerator)
- KIQANI Lab
Products and services
- Sembrani Nusantara Venture Fund Indonesia's pioneering venture fund licensed and regulated by OJK (Otoritas Jasa Keuangan / Financial Services Authority). Provides equity capital to Indonesian startups with consideration of global conditions, Indonesia's macroeconomics, and individual investee performance. Also distributes funding to accelerator programs to support the broader entrepreneurial ecosystem.
- Sembrani Wira Accelerator An accelerator program providing mentorship from industry experts, technical training, and development support to post-seed startups and digital MSMEs in Indonesia. Designed to prepare startups to advance to the next stage and become sustainable businesses.
- Tokocrypto Sembrani Blockchain Accelerator (TSBA) A blockchain-focused accelerator program offering rigorous bootcamps by professionals and industry experts, partner perks, exhibition opportunities, and business expansion through investment and partnerships. Targets Indonesian startups leveraging blockchain technology.
- KIQANI Lab A Direct-to-Consumer (D2C) focused accelerator that supports local brand startups in Indonesia with the goal of building Indonesia's local champions.
- Investor Portal A dedicated web portal allowing institutional and accredited investors to log in, access investment opportunities, view portfolio information, and manage their investments with BRI Ventures.
Companies that use BRI Ventures
Customer profileSegments3 records
Ideal customer profiles3 records
BRI Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
BRI Ventures partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Grab Ventures Velocity (GVV)coreCollaborative accelerator program 'Sembrani Wira' with Grab Ventures Velocity, executed in 2 batches (batch 4 and 5). This synergistic initiative unifies BRI Ventures and Grab accelerator programs to mentor and develop post-seed startups in Indonesia aligned with merchant and MSME requirements.
- TokocryptocorePartnership through TokoLaunchPad to establish TSBA (Tokocrypto Sembrani Blockchain Accelerator). A joint initiative to foster and build the ecosystem of Indonesian startups supported by blockchain technology, including rigorous bootcamps by industry professionals, partner perks, exhibition opportunities, and investment/partnership expansion.
- KIQANI LabminorD2C-focused accelerator powered by BRI Ventures and partners, aimed at supporting local brand startups in Indonesia.
Scale indicators3 records
Recent moves8 records
Expansion highlights5 records
BRI Ventures competitors and assessment
Company assessmentDirect peers
- MDI Ventures: Corporate venture arm of Telkom Indonesia. Directly comparable as an Indonesian CVC investing in growth-stage startups with multiple accelerator programs and a digital ecosystem mandate anchored to its state-owned parent.
- Mandiri Capital Indonesia: CVC of Bank Mandiri, another major Indonesian state-owned bank. Closely comparable in mandate (financial inclusion, Indonesian fintech and digital economy) and structure (single-country, parent-anchored distribution advantage).
- Telkomsel Mitra Inovasi (TMI): CVC of Telkomsel focused on Indonesian digital startups. Comparable as a telco-backed CVC running multiple accelerators and funds targeting the same Indonesian founder base.
- East Ventures: One of Indonesia's most active early-stage VC firms. Comparable as an Indonesian-domiciled VC competing for the same post-seed and growth-stage deals BRI Ventures targets through Sembrani Wira.
- AC Ventures: Indonesia-focused VC firm investing across fintech, agriculture, and consumer sectors. Comparable on geographic focus, sector breadth, and stage.
- Jungle Ventures: SE Asia-focused VC that co-invested with BRI Ventures in EnerZolve. Comparable as a regional growth-stage VC whose portfolio companies overlap with BRI Ventures' expansion sectors.
Broad incumbents
- Sevenpreneur / KB Investment (KB Ventures): Bank-affiliated CVC platform within KB Financial Group in Korea. Comparable as a bank-owned CVC channeling capital into SE Asia and fintech, although materially larger and operating from a different geography.
Emerging players
- Grab Ventures: Strategic investment and accelerator arm of Grab, BRI Ventures' direct partner on Sembrani Wira. Comparable as a corporate-backed startup platform targeting MSME and merchant-aligned Indonesian startups.
Regional players
- Wavemaker Partners: SE Asia-focused early and growth-stage VC. Comparable in stage and sector breadth, with broader regional coverage that BRI Ventures lacks.
- Skystar Capital: Indonesia-focused early-stage VC backing fintech, agriculture, and consumer startups. Comparable on geography, stage, and several of the sectors BRI Ventures expanded into post-2022.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
BRI Ventures social profiles
Digital presenceBRI Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
BRI Ventures leadership team
Management profileNumber of profiles
Profiles2 records
BRI Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BRI Ventures M&A and investment
M&A and investmentM&A
Investments42 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BRI Ventures
What does BRI Ventures do?
BRI Ventures is a corporate venture capital firm that invests in and scales high-potential Indonesian startups through OJK-licensed venture funds (Sembrani Nusantara) and accelerator programs. The firm provides equity capital combined with strategic guidance, mentorship, and access to Bank Rakyat Indonesia's (BRI) financial ecosystem, targeting post-seed and growth-stage startups in fintech, agriculture, healthcare, retail, logistics, and supply chain sectors.
Is BRI Ventures a public or private company?
BRI Ventures is a private company. It is classified as corporate owned and is currently operating.
When was BRI Ventures founded?
BRI Ventures was founded in 2019. It employs 11 to 50 people.
Where is BRI Ventures based?
BRI Ventures is headquartered in Jakarta, Indonesia, in the Asia region.
How does BRI Ventures make money?
One revenue line is on record: venture Capital Returns.
Who are BRI Ventures's main competitors?
Direct peers on record are MDI Ventures, Mandiri Capital Indonesia, Telkomsel Mitra Inovasi (TMI), East Ventures, AC Ventures and Jungle Ventures. Sevenpreneur / KB Investment (KB Ventures) is listed as a broad incumbent. Grab Ventures is listed as an emerging player. Regional players are Wavemaker Partners and Skystar Capital.
Does BRI Ventures have an API?
No public API is recorded for BRI Ventures.
What industry is BRI Ventures in?
BRI Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAG, Impact / ESG Venture Capital, with a secondary code of FSANAIAA, Bank-affiliated Venture Debt Lenders. Its NAICS code is 52399 and its SIC code is 6199.