City Vision

City Vision is the leading out-of-home media company with the largest transit advertising network and most prestigious roadside mediums in Indonesia.

With over 50 million monthly impressions, City Vision’s network of roadside LEDs focuses exclusively on prestigious areas. While as the undisputed leader in transit advertising, City Vision’s media reaches over 2 million daily passengers in more than 80 commuter and long-distance train stations in Java and Sumatra.

City Vision is building Indonesia’s most effective and innovative advertising ecosystem. Digitally enhancing all assets with AI based technology, mobile ads integration and dynamic content capabilities, City Vision makes measured awareness and retargeting a possibility for Out-of-Home.


PT Xurya Daya Indonesia (Xurya) is an Indonesian renewable energy startup focusing on rooftop solar power plants with a vision to be a leader in technology and solutions for clean and sustainable energy. Xurya offers a NO INVESTMENT method to make it easier for companies to make the transition to solar energy by providing a “one-stop solution” starting from feasibility studies, installation, operation, and maintenance (including component replacement). Established in 2018, Xurya is currently operating more than 50 Rooftop Solar Power Plants in various industries (manufacturing, cold storage, logistics hub, hotels, and shopping centers).

Julo Teknologi Financial

Julo is an innovative financial technology (fintech) services provider that is accredited by the Financial Services Authority (OJK) of the Republic of Indonesia. Julo provides uncollateralized personal loans by utilizing big data and innovative machine learning through the ease of mobile application, providing easy and affordable access to financial inclusivity, and meeting financial needs while also stimulating economic growth.


Founded in 2013, SIRCLO is a leading omnichannel commerce enabler company in Indonesia that helps everyone to sell across a wide array of channels—both online and offline. SIRCLO focuses on three key pillars of solutions, which include solutions for Enterprises; solutions for Small & Medium-Sized Brands; and New Retail & Micro Business services that cover micro-retails or warung. To date, SIRCLO has listed more than 150,000 brands and over 500,000 micro-retails who have been served cumulatively; more than 25 million end-consumers reached; and over 80 distribution points spread across Indonesia.


Fuse is an insurtech platform that connects various insurance products from many insurance companies with multiple distribution means, channels, or partners.  We deploy the latest cutting-edge technology to make insurance easily accessible, instantly available, and affordable to everyone.

Provident Growth

Saratoga invests in fast-growing ventures in the digital space through Provident Growth, a uniquely positioned growth fund that focuses on technology investments in Southeast Asia, particularly in Indonesia. It is attracted by the region’s growing affluence that is driven by a rapidly expanding technology savvy middle-class, including today’s influential millennial generation that makes up the largest population group of the region. The Fund has growing shareholding stakes in Southeast Asia’s leading tech companies such as Gojek, Gopay, Traveloka, Pomelo, Julo, Topica, Horangi and more.

Skystar Capital

Skystar Capital is an early-stage venture fund backed by leading corporate groups in Indonesia with access to media, telecommunications, financial services, agriculture, healthcare, consumer products and services, hospitality, and education sectors. Skystar Capital takes a hands-on approach to investing to provide strategic value-add through both our expertise and our extensive network. We are focused on backing SEA companies led by technical and innovative entrepreneurs ready to scale their businesses to the next level. Skystar’s portfolio companies include Carro, Sirclo, Dekoruma, Ritase, Fuse and Julo.

Tower Bersama

PT Tower Bersama Infrastructure Tbk. (Indonesia Stock Exchange: TBIG)
Tower Bersama plays a critical role in enabling modern society to live, work and play in a world that revolves around connectivity and mobility. Its vast network of tens of thousands of repeater tower stations is the backbone of the mobile network service, without which we would not have the affordable and widely accessible mobile network service that many of us have come to depend on in our daily lives.

Merdeka Copper Gold

Merdeka Copper Gold produces gold, silver, and copper from mines in East Java and Maluku, with proven porphyry deposits that have been estimated to yield an expected LOM (life-of-mine) over the next several decades. In an increasingly digital world, the industrial applications of precious metals will grow exponentially, and so will their market value.

Sihayo Gold Limited

Sihayo Gold holds a 75% stake in the Sihayo-Pungkut concession area of North Sumatra, a seventh generation Contract-of-Work that has been estimated to contain a JORC-compliant resource of 1.4 million ounces of high grade gold, in addition to substantial copper resources. The Sihayo gold and copper project is at an advanced stage and the company is continuing with its active regional exploration programs.