MUIP Garuda Fund

Venture Capital

Indonesia-focused $100M venture fund by MUFG Innovation Partners and Bank Danamon, targeting fintech and adjacent digital startups.

Tokyo, Japan · 2+ investments · 2 portfolio companies

Early Stage
Growth
Seed
Digital Financial Services
Fintech
Insurtech
SaaS
Financial Services
Headquarters
Tokyo, Japan
Founded
2023
Website
ip.mufg.jp
AUM
$100.0M
Portfolio Companies
2
Total Investments
2
Last Investment
Aug 2025
Geographic Focus
Indonesia, Southeast Asia, Asia, North America, Japan

Investment Thesis

Invests in dynamic Indonesian fintech and adjacent digital startups at Series A–B, partnering with Bank Danamon and Adira Finance to deliver financial and technological solutions empowering communities and businesses.

MUIP Garuda Fund is a Venture Capital firm based in Tokyo, Japan. It has made 2 investments, including Oy! and Ripcord. Focus areas include Digital Financial Services and Fintech.

Portfolio2

Co-investors13

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13 co-investors across 13 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×9 · Corporate VC ×3 · Bank ×1 · 5 shared rounds

Investment History

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