Indonesian startups have been at the center of attention in Southeast Asia for the last few years. But as a growing number of them have graduated to unicorn status, investors have steered away from early-stage deals in favor of technology companies with some track record of success.
More than $4.07 billion was invested into local startups in 2018, up 36% from 2017. While that sounds impressive, the funding imbalance toward more established companies threatens to dry up Indonesia's pipeline of startup champions.
