About

Focus
Our fund focuses on early growth-stage companies with $1-10 million in revenue. We look for companies with exceptional growth potential in expanding markets. In addition to a clear path to profitability and exit, we are most interested in a proven management team that is running the company according to strong ethical values.

Industries
Sovereign’s Capital primarily focuses on Healthcare, IT, and Consumer Products & Services – industries that will benefit from the rapidly expanding middle class and are under-represented in the public markets in Southeast Asia. Our fund aligns deep expertise among its principals and advisers in these focus areas.

Geography
We invest in U.S. growth markets as well as global emerging markets with consistently high GDP growth rates and rapidly expanding middle class populations. In Indonesia, our primary focus, middle class consumption is expected to increase from the current $270 billion to $1.3 trillion by 2022.1

Approach
We invest $250K – $2M USD in teams who are capable and motivated to win in industries of high growth potential. While we closely examine market dynamics, technology-based assets, and competitive dynamics, we focus on finding talented and driven business leaders and management teams who create value in their market through excellent execution. Sovereign’s Capital Managing Principals have all founded and operated companies at scale. The Managing Principals and Advisers provide strategy and operations expertise on an ongoing basis to grow portfolio companies in local, regional and global marketplaces.

1“Capturing the World’s Emerging Middle Class,” and “Winning the $30 trillion decathlon: Going for gold in emerging markets.” McKinsey Quarterly

 

Sovereign’s Capital focuses on Healthcare, IT and Consumer Products & Services – industries that will benefit from the rapidly expanding middle class in Southeast Asia

Team

Our Managing Principals are seasoned operators and entrepreneurs with successful records in domestic and emerging markets.

Managing Principals

A seasoned business operator with experience in multiple industries including Bandwidth.com, which he and his business partner grew from $0 to $140 million in revenue.

An executive with 12 years of commercial leadership experience in Fortune 500 and venture backed companies; extensive experience in global product management, medical technology and consumer products.

A communicator of ideas and a multi-national entrepreneur who has launched and sold businesses in the US and Indonesia.

Venture Partners

A veteran investor in Jakarta who serves as a partner at RMKB ventures, and a proven operator in start-ups from the U.S. and Indonesia.

AN EXPERIENCED LAWYER AND INVESTOR WITH MORE THAN 12 YEARS OF EXPERIENCE LEADING LARGE FINANCIAL TRANSACTIONS ACROSS ASIA, EUROPE AND THE US. LED PRO BONO WORK ASSISTING REFUGEES SEEKING ASYLUM WHILE IN HONG KONG.

Scott is a principal at Bandwidth Labs, a founder of Rocket Hangar, and former CTO of Bandwidth.com. Scott most recently served as Director of Development at Symantec Corporation.

Staff

Sovereign’s Capital invests in early growth-stage companies in emerging markets

Advisors

We have 50+ advisors who contribute their functional, industry, and regional expertise in the discovery, diligence and ongoing management of portfolio companies.

Executive Director, Global Entrepreneurship Program Indonesia

Commissioner, Busana Apparel Group

Partner at Poiema Creative Group

CEO of Summit Medical, former CEO of PIK Hospital

Partner at RMKB Ventures

President, Founder at Kings Path Partners LLC

Co-Founder and Managing Director, Madison Pacific Group

Assistant to the President at the Cabinet Secretary, Indonesia

A multilingual international business operator with expertise in banking and consumer products.

A seasoned private equity investment professional with more than 20 years of experience

Chief Equity Strategist, Senior Portfolio Manager, Nuveen Asset Management

Managing Director, Bumi Raya Group of Companies

CBE Businessman, Chairman of the Lausanne Movement

CIO, Triangle Capital Corporation

CEO, Siloam Hospitals

Chairman, Service Brands International

Co-Founder & CEO, Bandwidth.com

Former SVP/COO Global Procurement at Walmart, Lecturer, Wharton Business School

Managing Partner, HealthQuest Capital

General Partner, Council Capital Management

Principal of Private Equity Investments, Mario Family Partners

President, National Christian Foundation

Senior Analyst, Quvat Management

Managing Partner, Golden Bell Partners

VP, Square Roots & Venture Banking, Square 1 Bank

Managing Director, Triangle Capital Corporation

Entrepreneur in Residence, University of North Carolina at Chapel Hill

CEO, Spotlight Solar

Director, Public Investments, UNC Management Company

Partner, GGMI

President, Praxis Labs

Director of International Giving, David Weekly Family Foundation

Senior Analyst, Cherokee Investment Partners

Lead Pastor, Summit Church

VP Development, The C12 Group

Professor, Biola University

CFO, Cherokee Investment Services, Inc.

MBA/MA, Wharton/SAIS

Portfolio Companies

Loket is the leading event management, ticketing and data analytics company in Indonesia. Their system provides an end-to-end technology platform which supports event promoters on white label ticketing, ticket distribution to a vast reseller network, full-service ground handling (access control, cashless payment), and extensive analytics on customer data.

SoapBox is a consumer products company that makes natural soaps and shampoos. For every product sold, a bar of soap or a month of clean water is given to a person in need.

Xendit is a money transfer platform that solves several key problems in Indonesian personal banking. Their platform has application in a peer-to-peer context, or for e-commerce businesses.

RebelWorks is an I.T. development lab that offers premium outsourced programming work for companies. As a major hub of technical talent in Jakarta, RebelWorks also incubates its own projects.

FiveStars (United States) is an online customer service loyalty network for small and medium businesses in North America. It integrates with merchant POS systems to enable customers to earn and spend points at local businesses.

Revboss is a Software as a Service product that quickly identifies a large base of qualified sales leads, and helps companies manage relationships with these prospective customers.

EmployUS IS A CROWDSOURCED EMPLOYMENT REFERRAL PLATFORM IN WHICH USERS REFER PRIME CANDIDATES FOR JOB POSTINGS AROUND THE COUNTRY, AND COMPANIES PAY OUT FEES FOR SUCCESSFUL HIRES.

BerryKitchen is a vertically integrated food delivery service in Jakarta. Focused on subscription services for bulk ordering, they deliver to both individuals and offices around the city.

CloudFactory is a BPaaS (business process as a service) company with a revolutionary technology platform and distributed workforce that enables a more flexible, scalable and cost-effective alternative to traditional BPO.

GBD is a biotech company addressing the need for a rapid, low-cost, and easy-to-use point-of-care (POC) test for diagnosing tuberculosis (TB).

Kammok is an innovative outdoor brand for the socially conscious adventurer. Their high-quality hammocks and other products are available in REI and on their website.

Thrive is a coffee distribution company that connects the farmer directly with the final consumer through a new model of supply chain management and customer engagement.

Dressabelle is an e-commerce site focused on fast-fashion catered to professional women. They produce and ship two new, affordable fashion lines every week.

BrideStory is fast becoming the most trusted and inspiring online wedding vendor directory in SE Asia. Their technology platform helps users find, select and compare wedding vendors in their area.

Anutra Medical is a medical device company focussed on dentistry. Their device enables quicker onset of ‘numbness’, and simplified utilization of various pharmaceutical agents.

Giftcard Indonesia is an inspired company focused on celebrating the gift of giving. Giftcard.co.id is a one-stop-shop for a practical, but impressive gifting experience.  

ManCrates is a gift company focused on gifts for men with inventive gifts for birthdays, first time Dads, sports fans, grill masters, and more.

410 Medical is developing a simple, intuitive solution that allows a single healthcare provider to rapidly deliver fluid to critically ill patients, improving care and saving lives.

First is a predictive intelligence engine for targeting movers 6-12 months before they list their home. Initially focused on real estate, First’s platform empowers realtors to better understand and profitably grow their pipeline of listings.

Roba is a Japanese fast casual dining concept focused on yakitori. Roba was based on the founders’ first restaurant, Pancious: an inventive Western restaurant in Indonesia with 15+ locations.

Canopy is solving the problem of inefficient home services delivery and consumption. Combining a high-tech, centralized approach with old-fashioned service, Canopy is the easiest way to maintain your home.

GrabTaxi is a smartphone-based booking and dispatch platform for taxis in SE Asia. GrabTaxi optimizes the matching process between taxis and passengers, improving the safety and efficiency.

Summit Medical is a training and simulation company focused on continuing medical education, life support simulation, and effective human resource consulting for healthcare professionals in SE Asia.

Jobs

Our portfolio companies are seeking to fill the following positions. Please reach out to them directly.

  1. VP of Operations: Giftcard Indonesia (Jakarta, Indonesia)
  2. Sales Manager: Berry Kitchen (Jakarta, Indonesia)
  3. Various Jobs: GrabTaxi (Singapore, Jakarta, other)
  4. Front-End Developer: Revboss (Durham, NC)
  5. VP of Operations: Kammok (Austin, TX)
  6. VP of Marketing: Kammok (Austin, TX)
  7. Customer Experience Associate: Kammok (Austin, TX)
  8. VP of Marketing: Man Crates (Bay Area, CA)
  9. Director of People Operations: Man Crates (Bay Area, CA)
  10. Distribution Center Manager: Man Crates (Baltimore, MD)
  11. Head of Recruiting: RebelWorks (Jakarta, Indonesia)
  12. Sales Representative: Summit Medical (Jakarta, Indonesia)
  13. Part-Time Accountant: Summit Medical (Jakarta, Indonesia)
  14. Sales Representatives: Thrive Farmers Coffee (Atlanta, Georgia)

Contact

info@sovereignscapital.com

US Office:
111 East Hargett Street, Suite 300
Raleigh, North Carolina 27601

Indonesia Office :
Level 11, One Pacific Place SCBD Area
Jalan Jend. Sudirman kav. 52-53
Jakarta 12190
+62 21 2985 9606