HM Capital — Southeast Asia Venture Capital & Startup Investor
Partnering with exceptional founders to build enduring companies.
Herman Widjaja
Managing Partner
Herman Widjaja is a technology executive, investor, and builder with more than two decades of experience building products, platforms, and engineering organizations across the U.S. and Southeast Asia, serving hundreds of millions of users. Throughout his career, he has held technology leadership roles at Microsoft, Amazon, Meta, Google, ByteDance, and most recently served as Chief Technology Officer at Tokopedia, where he led organizations spanning AI, data, fintech, and large-scale digital platforms.
Today, Herman is the Founder of HM Capital, an operator-led investment firm focused primarily on seed and early-stage companies. Built on the philosophy of Harmoni Mahakarya—the belief that extraordinary companies are created when visionary founders, operational excellence, technology, and patient capital work in harmony—he partners with exceptional founders from the earliest stages to help build sustainable and enduring companies, bringing together technology leadership, operational experience, and long-term partnership.
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Our Foundation
What we believe.
Core Belief
Great companies aren't built by capital alone. They are built by exceptional founders who execute relentlessly, embrace technology, and create lasting value. Our role is to partner with those founders from the earliest stages to help build enduring businesses.
Investment Thesis
We invest in exceptional founders at the seed and early stages across Indonesia and Southeast Asia, providing patient capital alongside technology expertise, operational experience, and long-term partnership. Our focus is on helping founders build sustainable, scalable, and enduring businesses, particularly where technology and operational excellence can create meaningful and lasting value.
How We Work
Guiding Principles
Build What Endures
We invest in founders creating companies designed to generate lasting value, not just short-term growth.
Founders First
Exceptional founders — not markets, trends, or valuations — are the foundation of every enduring company.
More Than Capital
We partner with founders through operational experience, technology expertise, and long-term commitment — not funding alone.
Selected Portfolio
Companies We Back
Family office focused on high-quality Indonesian public companies.
