Venture Debt Emerges as Equity Funding Slows

The Rise of Venture Debt: A Lifeline for Indonesia’s Tech Startups

In Indonesia’s increasingly challenging tech landscape, venture debt has emerged as a crucial alternative source of funding for startups. According to Pitchbook, venture debt in Indonesia saw a significant 50 percent increase to reach a total of $109 million in 2023. With traditional venture capital tightening its purse strings and fundraising becoming tougher, many industry insiders believe that venture debt could be the star of the show in Indonesia’s prolonged tech winter.