FANDY Cendrajaya began investing in early-stage startups during the pandemic – an experience that left such a deep impact on him that he decided to go all in.

Today, he runs a US$12 million fund with fellow angel investor James Prananto, the co-founder of top Indonesian coffee chain Kopi Kenangan.

The duo’s firm, Kopital Ventures, backs entrepreneurs before their businesses have even gained much traction. The investors of Kopital’s maiden fund include startup founders, venture capital (VC) firms and family offices, such as Saison Capital and Alto Partners Multi-Family Office.