HASAN.VC Ends Fund I Accelerator After Backing 120 Startups Across 10 Countries
Cohort 004's Demo Day in Bandung marks the end of HASAN.VC's accelerator under Fund I, with a new fundraising round already underway.
Venture capital firm HASAN.VC has concluded the final cohort of its accelerator under Fund I with a Demo Day in Bandung, Indonesia, on June 17, marking the end of a four-cohort run that took 120 startups and close to 500 founders from 10 countries through the program.
The Bandung event followed a three-day virtual Demo Day held earlier in June, where Cohort 004's 20 startups first pitched to HASAN.VC's limited partners and global investor network. The in-person showcase at Block71 Innovation Factory gave founders a chance to pitch live to VCs, angel investors, and ecosystem partners, alongside two investor panels on startup fundability and growth-stage readiness, and a founders' panel reflecting on the accelerator experience.
The first panel included representatives from BNI Ventures, W Fund, Sweef Capital, and Investidea. The second featured investors from Gobi Partners, Indogen Partners, and Skystar Capital. Both were moderated by HASAN.VC General Partner Mohd Akhtaar.
A separate Closed Door Investment Session was held the following day, where another group of ten founders from the cohort pitched in a private format aimed at more direct allocation conversations with investors.
"Cohort 004 marks the final cohort under Fund I, and watching these ten founders pitch in Bandung was a reminder of why we built this model in the first place — to back camel startups, the resilient, capital-efficient businesses that are built to last rather than built to impress," said Umar Munshi, General Partner at HASAN.VC.
HASAN.VC's fund pools capital from a private global angel investor group, which invests in accelerator graduates over tranches. According to HASAN.VC, its past three fundraising rounds were oversubscribed; the current and final round is ongoing. These figures are company-reported and have not been independently verified.
The fund operates through a VC entity registered in Labuan and an accelerator firm based in Singapore, with Shariah advisory support from ADL Advisory.
