Roni Pramaditia, chairman of the Medco Foundation, Konservasi Hutan Indonesia, and Pegasus Tech Ventures have all invested unknown funds in Ecoxyztem, an Indonesia-based venture builder.
Ecoxyztem, a startup accelerator founded just last year, gives startup entrepreneurs access to expertise, funding, business models, and marketing initiatives to help them address environmental issues.
The company was at first a member of Greeneration Group, a 2005-founded charity with an emphasis on the environment. M. Bijaksana Junerosano, Jonathan Davy, Andreas Pandu Wirawan, and Dicky Ahmad, together with former Gojek engineer Julio Anthony Leonard, co-founded Ecoxyztem, which the group later split out into a different company.
Ecoxyztem now has four startup companies in its portfolio: Waste4Change, a company that manages trash, ReservoAir, a supplier of flood mitigation services, Ravelware, and Enertec, a company that improves energy efficiency. The startup developer intends to utilize the new cash as working capital to create at least four firms annually.