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Venture Capital
FINANCE | Investment Firms & Funds
convergencevc.com

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Investments

37

Portfolio Exits

3

Funds

2

About Convergence Ventures

Convergence Ventures, formerly Convergence Accel, is an early stage technology venture fund focused on investing in Indonesia. Its partners are seasoned entrepreneurs with extensive operating experience in Internet businesses in emerging markets. The firm seeks to back exceptional founders by leveraging its experience, network and resources to empower them to build long lasting and impactful businesses for Indonesia and the South East Asia region.

Convergence Ventures Headquarter Location

Jakarta, 10220,

Indonesia

+62 21 2926 4177

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Latest Convergence Ventures News

Pandemic Insights Secures $5M Series A Financing From Convergence Ventures

Mar 25, 2021

Pandemic Insights Secures $5M Series A Financing From Convergence Ventures Funding will accelerate development of technology and products to inform individuals and organizations of global viral infection risk AUSTIN, Texas, March 24, 2021-- Pandemic Insights, a preventive health software company that combines data and AI insights with human behavior dynamics, today announced it has executed a $5 Million Series A tranche-based financing from Convergence Ventures. The investment will be used to accelerate the development and go-to-market release of Pandemic Insights’ products for consumers, businesses, and public health agencies. Pandemic Insights’ technology combines proprietary algorithms, machine learning and artificial intelligence capabilities to create dynamic personal-risk insights, location-risk indexes and behavior modification messaging unique to each user. “Today, people have no way of understanding their individual risk of infection in a pandemic based on their health and where they live, work, attend school, shop and travel. Companies and government agencies have no way of assessing the risk of infection within workplace communities and public spaces,” states Eric Klasson, Founder and CEO of Pandemic Insights. “With the emergence of the global pandemic and the monitoring of COVID-19 worldwide, it is now possible to build a pandemic risk-reduction and behavior-modification solution. The faster our products get to market, the faster lives can be saved from any viral infection spread, including viruses like COVID-19 and Influenza A and B.” Pandemic Insights products will: • Create personal-risk insights to help individuals make informed decisions on where they go throughout the day. A mobile solution will be available free of charge to ensure equal access to everyone, including high-risk and underserved communities worldwide. • Aid corporations and public health entities in visualizing risk profiles for physical facilities and their workforce via a software-as-a service (SaaS) product. • Allow public health agencies to see hyper-local risk indexes from the first day a virus is reported and make policy decisions based on risk insights via a data-as-a-service (DaaS) solution. • Enable third-party mobile apps to use the risk index insights for mapping, travel, lodging, dining and other frequently used solutions. Pandemic Insights products are being developed using Amazon Web Services (AWS) solutions to ensure rapid, secure and stable growth worldwide. AWS is providing highly scalable and reliable infrastructure capacity, tech support and services, which helps companies like Pandemic Insights avoid common technical and growth pitfalls. The technology roadmap includes AWS Cloud Hosting and DevOps monitoring, artificial intelligence and machine learning solutions, AWS Marketplace, and AWS GovCloud to assist with FedRAMP, a U.S. government-wide program that allows federal agencies to adopt secure, cloud solutions. Harry Bushong, Managing Director at Convergence Ventures, said, “COVID-19 has highlighted the immediate need for solutions that reduce the spread of pathogens – whether they’re part of a global pandemic or an annual virus cycle. We are extremely excited about Pandemic Insights’ innovative solutions specifically designed to tackle the challenge of reducing the economic toll and loss of life experienced during such crises. Individuals, businesses, and governments will benefit from making safe, smart choices leveraging Pandemic Insights mindful movement technology. We are reaching out to Federal and State agencies – including foreign public health agencies and philanthropic leaders – to accelerate funding that further localizes Pandemic Insights’ solutions. No society or government can afford to be unprepared for the next viral mutation or outbreak.” ABOUT PANDEMIC INSIGHTS, INC. Pandemic Insights, Inc. is a preventive health software company that combines data and AI insights with human behavior dynamics, helping individuals and organizations make informed decisions to slow the spread of COVID-19 or any virus worldwide. Using a hybrid venture capital and government funding model, Pandemic Insights will offer a free version of its mobile app to individuals worldwide with a goal of achieving mobile app herd deployment to advance the fight against pathogens. For more information, visit www.pandemic-insights.com. ABOUT CONVERGENCE VENTURES Located in Houston, Texas, home to the largest concentration of medical facilities in the world (The Texas Medical Center), Convergence Ventures is a venture capital fund dedicated to driving growth and development of leading-edge healthcare, life sciences, and artificial intelligence software-based solutions. For more information, visit www.convergence-ventures.com. Contact:

Convergence Ventures Investments

37 Investments

Convergence Ventures has made 37 investments. Their latest investment was in Hacktiv8 as part of their Seed VC on January 1, 2020.

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Convergence Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/15/2020

Seed VC

Hacktiv8

$3M

Yes

5

12/11/2019

Series C

Carsome

$50M

Yes

15

9/18/2019

Series A - II

Julo Financial Technology

$10M

No

3

8/15/2019

Seed VC

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10

5/7/2019

Series A

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10

Date

1/15/2020

12/11/2019

9/18/2019

8/15/2019

5/7/2019

Round

Seed VC

Series C

Series A - II

Seed VC

Series A

Company

Hacktiv8

Carsome

Julo Financial Technology

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Amount

$3M

$50M

$10M

New?

Yes

Yes

No

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Co-Investors

Sources

5

15

3

10

10

Convergence Ventures Portfolio Exits

3 Portfolio Exits

Convergence Ventures has 3 portfolio exits. Their latest portfolio exit was Moka on December 11, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/11/2019

Acquired

$99M

9

2/9/2018

Merger

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10

4/26/2017

Merger

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10

Date

12/11/2019

2/9/2018

4/26/2017

Exit

Acquired

Merger

Merger

Companies

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Valuation

$99M

Acquirer

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Sources

9

10

10

Convergence Ventures Fund History

2 Fund Histories

Convergence Ventures has 2 funds, including Convergence Capital I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/1/2016

Convergence Capital I

$30M

4

Convergence Capital II

10

Closing Date

11/1/2016

Fund

Convergence Capital I

Convergence Capital II

Fund Type

Status

Amount

$30M

Sources

4

10

Convergence Ventures Team

1 Team Member

Convergence Ventures has 1 team member, including current Managing Partner, Adrian M. Li.

Name

Work History

Title

Status

Adrian M. Li

Managing Partner

Current

Name

Adrian M. Li

Work History

Title

Managing Partner

Status

Current

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