Danantara’s new leader takes charge 💪 '24 Indo funding dips to lowest level since '21 📉

Dear Subscribers,

Last week might not have delivered earth-shattering headlines, but it did bring some crucial updates for those of you active in the global startup ecosystem. Notably, today marks the inauguration of Danantara by President Prabowo Subianto, with a promising leadership candidate set to steer its future. Moreover, we’re excited to unveil our annual signature report, the Startup Report 2025, packed with key insights into Indonesia’s dynamic startup landscape.

Enjoy this week’s newsletter!

Best regards,
The DailySocial Team

Indonesia’s super holding, Danantara, is set to be officially inaugurated today (Feb 24) just a few hours after this post is published by Indonesian President Prabowo Subianto. Among the market rumors, Rosan Roeslani (former head of Indonesian Chamber of Commerce) is rumored to be CEO with Dony Oskaria (former Vice Director Garuda Indonesia) as COO dan Pandu Sjahrir as Chief Investment.

Despite a few blowbacks regarding his previous tenure as a Commissioner at IDX and GOTO, Pandu’s extensive background in corporate governance, investment, and association roles—and a robust network in the digital transformation arena—Pandu appears more than qualified lead investments the newly formed semi-Sovereign Wealth Fund.

Two innovative startups have recently secured seed funding:

• Nextmedis, a developer of healthcare management solutions, received an investment round led by East Ventures and Forge Ventures. This funding aims to accelerate the digital transformation of Indonesia’s healthcare sector.

• Demuzo, a music monetization platform, raised US$600,000 from angel investors. Demuzo is set to launch a unique investment platform that allows fans to invest in emerging artists in exchange for a share of future streaming royalties.

GoTyme Indonesia, a part of the digital banking group Tyme, has partnered with Danabijak and Olsera to launch a new Me Baca Seluruh Artikel