HM Capital

HM Capital — Southeast Asia Venture Capital & Startup Investor

HM Capital

Partnering with exceptional founders to build enduring companies.

Herman Widjaja

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 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 to help build enduring companies by 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 with the discipline to build enduring companies through technology, innovation, and sustainable business fundamentals.

How We Work

Guiding Principles

01

Build What Endures

We invest in founders creating companies designed to generate lasting value, not just short-term growth.

02

Founders First

Exceptional founders — not markets, trends, or valuations — are the foundation of every enduring company.

03

More Than Capital

We partner with founders through operational experience, technology expertise, and long-term commitment — not funding alone.

Selected Portfolio

Companies We Back

Tentang Anak logo
Healthcare

Leading parenting platform in Indonesia for health, nutrition, and early childhood.

Investor
2022
Social Bread logo
Digital Agency

Indonesia's #2 TikTok Service Provider — turning creators into the most powerful growth engine for SMEs.

Board Member & Investor
2022
Prelude Music logo
Education

Music education and entertainment platform, 550+ students, consistent profitability.

Chairman & Investor
2023
Ascendiz logo
Software House / AI

AI and system integration for enterprises and SMEs, unlocking millions in cost efficiencies.

Chairman, Founding Partner & Investor
2025
Buzz logo
Green Energy

EV charging infrastructure, 28x user growth with 58+ active stations.

Technology Advisor & Investor
2025
Medischa logo
Healthcare

Preventive primary care clinics network with AI-driven triage, operating since 2022.

Chairman & Investor
2026
H
Investment

Family office focused on high-quality Indonesian public companies.

Chairman
2026
Yoona logo
Healthcare

Women's health platform and AI — #1 organic menstrual pad in Indonesia, expanding regionally.

Strategic Advisor
2026