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Angel Investor (Individual)

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Investments

44

Portfolio Exits

11

About Steve Chen

Steve Chen, co-founder of YouTube, is San Francisco based angel investor.

Steve Chen Headquarter Location

San Francisco, California,

United States

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Latest Steve Chen News

Alpha JWC, AC Ventures led US $10 M raised by Otoklix

Dec 18, 2021

Alpha JWC Ventures and AC Ventures have invested $10 million in Otoklix, an O2O digital solution for automobile aftermarket services in Indonesia. Surge from Sequoia Capital India; Prijono Sugiarto, former CEO of Indonesia’s automotive company Astra International; Steve Chen, co-founder of YouTube; and Google officials from XA Network were also in attendance. Otoklix hopes to increase its technology touchpoint with this new investment by launching its own O2O controlled flagship workshops around Indonesia. In this fast-increasing sector, servicing and repairing automobiles is still a lengthy and inconvenient operation. Visiting authorised dealers is expensive and time-consuming. Having automobiles repaired at individual businesses puts owners at risk of fraud, lack of standardisation, and poor after-sales support. Despite dominating 80% of the Indonesian market, many of these businesses still use pen and paper to conduct transactions, limiting growth and profitability. “We believe that transparency and trust is the biggest issue in the market. Car owners struggle to understand where to take their car to be fixed and how much the service should cost. Simultaneously, workshops have limited access to information to conduct price comparisons for parts, sourcing needs, and suppliers’ credibility. This is a problem for all the 138 million automotive vehicles in Indonesia, a growing market that has been overlooked. This huge fragmentation in the market has a high potential for technological disruption,” said Martin Suryohusodo, co-founder and CEO of Otoklix. Otoklix, which launched in 2019, seeks to make car maintenance easier for drivers by allowing them to find services at any local recommended independent workshop and earn a warranty for any transactions made at an Otoklix partner workshop. Independent car workshops may use Otoklix’s customer relationship management (CRM) and supply chain management (SCM) solutions to boost their top line, margins, and operational efficiency. According to the company, over 1,900 active partnering workshops service 15,000 autos every month. Otoklix claims to have grown from 100 to over 1,900 partner workshops in the last year, serving more than 100,000 consumers annually.

Steve Chen Investments

44 Investments

Steve Chen has made 44 investments. Their latest investment was in Otoklix as part of their Series A on December 12, 2021.

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Steve Chen Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/17/2021

Series A

Otoklix

$10M

Yes

AC Ventures, Alpha JWC Ventures, Prijono Sugiarto, and Undisclosed Angel Investors

2

11/12/2021

Seed VC

Beaubble

$2M

Yes

1

10/21/2021

Seed VC - II

Numbers

$6M

Yes

2

5/20/2021

Seed VC

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$99M

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10

5/5/2021

Series A

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$99M

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10

Date

12/17/2021

11/12/2021

10/21/2021

5/20/2021

5/5/2021

Round

Series A

Seed VC

Seed VC - II

Seed VC

Series A

Company

Otoklix

Beaubble

Numbers

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Amount

$10M

$2M

$6M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

AC Ventures, Alpha JWC Ventures, Prijono Sugiarto, and Undisclosed Angel Investors

Sources

2

1

2

10

10

Steve Chen Portfolio Exits

11 Portfolio Exits

Steve Chen has 11 portfolio exits. Their latest portfolio exit was Wish on December 16, 2020.

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

12/16/2020

IPO

$99M

1

9/3/2020

Acquired

8

2/7/2019

Acquired

2

10/17/2017

Acquired

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$99M

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10

10/6/2016

Acq - Talent

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10

Date

12/16/2020

9/3/2020

2/7/2019

10/17/2017

10/6/2016

Exit

IPO

Acquired

Acquired

Acquired

Acq - Talent

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

8

2

10

10

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