Indonesia’s Vida raises series A round, appoints new advisors

Vida, an Indonesia-based digital identity solutions provider, has raised an undisclosed amount of series A funding in a round joined by Alpha JWC Ventures, DST Global Partners, Breyer Capital, Future Shape, AC Ventures, and Endeavor Catalyst.

This comes less than a year after the company completed its pre-series A round, which saw participation from Jungle Ventures, Alpha JWC Ventures, and Monk’s Hill Ventures.

Vida said it will use the fresh funds to strengthen its expertise in information security and machine learning and work toward increasing public trust in digital transactions.

(From left) Vida CTO Hamilton Turner and co-founders Sati Rasuanto, Niki Luhur, and Gajendran Kandasamy / Photo credit: Vida

A number of investors in the latest round will become key advisors to Vida. They include Jim Breyer, founder and CEO of Breyer Capital, and Tony Fadell, founder of Nest Labs and former advisor to Apple’s CEO.

The company has also appointed its technical consultant, Hamilton Turner, as chief technology officer.

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Founded in 2018, Vida provides individuals and businesses with identity verification, certified electronic signatures, and authentication products. The company is licensed by the Indonesian Ministry of Communications and Informatics, and it is registered under the regulatory sandbox of the Indonesian Financial Services Authority and central bank.

The company’s digital signature is currently recognized in over 40 countries, including England, Australia, and the US.