BNI Ventures
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BNI Ventures is what you get when a massive state-owned bank decides to play VC - which can be both blessing and curse. On the plus side, they have deep pockets (initial $34.6M commitment) and serious distribution through BNI's banking network, which is actually valuable for fintech and B2B startups needing institutional partnerships. CEO Eddi comes from MCI where he built a solid track record with 20 investments and notable exits like Moka, so he knows the game. The downside? They're still figuring things out (founded 2022, only 4 investments so far) and moving at corporate bank speed rather than startup speed. Their 'strategic synergy' mandate means they're looking for companies that can plug into BNI's ecosystem, which narrows the field considerably.
- —Best for: Startups needing bank partnerships or financial services integration
- —Watch out for: Slow decision-making and narrow strategic focus
- —Known for: Deep pockets but limited portfolio breadth so far
BNI Ventures is the corporate venture arm of Bank Negara Indonesia (IDX: BBN), which is a state-owned bank. It makes strategic and equity investments in early-stage companies. BNI Ventures takes on the role of a nurturing ally, offering investment opportunities and comprehensive incubation and acceleration programmes. By addressing these challenges head-on, BNI Ventures empowers startups to overcome obstacles and flourish.
It primarily invests in Seed round in Indonesia based startups. BNI Ventures has identified the Series A stage as its investment sweet spot, according to a top executive. Its investments are spread across Food and Agriculture Tech and Enterprise Applications sectors. Looking at their actual portfolio: Rukita (proptech/real estate), FishLog (agritech B2B), and Kecilin (data compression tech).
has over 20 years of experience in several sectors including Financial Services (Morgan Stanley, AXA, and Makara Capital), Management Consulting (Booz Allen Hamilton, and AT Kearney) and Consumer Goods (Procter & Gamble). Recently departed from MCI (Mandiri Capital Indonesia), Eddi Danusaputro has put all in his power to build and nurture the State-Owned Enterprise's CVC from day one. With limited resources and a small room for experiments, Eddi has led this company to generate 20 investment portfolios. The CVC has had three exits, including the most notable ones, Moka and Jurnal.id. After dedicating almost 6,5 years of his life to MCI, Eddi is ready to embrace a new journey with another state-owned VC, Bank Negara Indonesia (BNI).
Professional banker specializing in investment banking and risk management, with exposures stretched from corporate actions (M&A and subsidiaries' equity decisions), corporate credit risk, enterprise risk management, VP of Remedial and Recovery Portfolio Management. Lugas Prancafitri holds a 2007 - 2009 MBA @ University of Miami Herbert Business School. Previously worked at BANK NEGARA INDONESIA Persero Tbk.
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