Faiz Rahman
Singapore-based VC firm Beenext has announced today it has promoted Faiz Rahman as Partner for Indonesia investments.
In the new role, Rahman will be heading tech investments in the archipelago, where the VC firm will largely focus on early-stage (pre-seed to Series A) startups. Besides, he will also be leading the expansion of the network in the region.
A graduate of the University of Indonesia, Rahman brings with him eight years of experience in a variety of fields spread across investment, growth, strategy and entrepreneurship.
In his previous role at Beenext, he built its community for founders/partners in the archipelago. Prior to joining the VC firm, he held the growth and product strategy roles at Lepaya and gojek. He also had a stint with Convergence Ventures.
In the past, Rahman has founded a company called GoodJobs.
“We are fortunate to have Faiz as a new partner and look for more opportunities of collaboration with fellow founders, co-investors and the experts in the local ecosystem and contribute to the growth of the digital economy to the Golden Age in Indonesia,” said Teruhide Sato, founder of Beenext.
Additionally, Beenext also announced that it has elevated its current partner Hero Choudhary to the position of managing partner. In this position, he will be supporting founders of its portfolio companies to scale their business toward the growth stage of their startup journey, including potential IPOs.
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Launched in 2015, Beenext has invested in more than 80 startups in India and 51 across Southeast Asia so far. Among its notable investments in Southeast Asia and Japan are Zilingo, Sendo, Trusting Social, Ralali, Amartha, Dekoruma, Mekari, Zenius, Sentient, and Japan’s largest HR SaaS company, and SmartHR.
In total, it has invested in more than 200 startups, globally.
In 2019, Beenext launched a new early-stage focused fund worth US$110 million, which has invested in TrustMedis and Akseleran.
Indonesia is the most-populated country in Southeast Asia and has been a favourite of local and foreign VC firms. Prominent local VCs in Indonesia include East Ventures, Alpha JWC Ventures, Prasetia Dwidharma, and Convergence Ventures.
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Image Credit: BEENEXT
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