Indelible Ventures

Indelible Ventures

Indelible Ventures launched with a thesis that Southeast Asia's B2B ecosystem was undercapitalized relative to its consumer-tech peers. Kevin Brockland, a former operator and investor with deep regional experience, structured the firm to write initial checks at the seed and pre-seed stages. The geographic focus spans Malaysia, Indonesia, Singapore, and Vietnam — corridors where enterprise adoption is accelerating but local venture supply remains thin. The firm positions itself as a day-one partner, emphasizing go-to-market architecture and cross-border customer introductions over passive capital. Strategy centers on verticals where software drives measurable enterprise efficiency: logistics and supply-chain tech, fintech infrastructure, and healthtech platforms. Indelible typically leads or co-leads rounds, reserving significant reserves for follow-on participation into Series A. Confirmed portfolio positions include Borong (B2B e-commerce and wholesale procurement, per DealStreetAsia, 2022), an AI-driven logistics optimization platform, and a digital health records startup operating across Jakarta and Manila. The geographic footprint reveals a deliberate corridor strategy — funding Malaysian and Singaporean founders with immediate go-to-market paths into Indonesia. The firm runs a lean partnership with Brockland as the central decision-maker, supported by venture partners and operating advisors across the region. In July 2024, Indelible Ventures marked a first close on its second fund, targeting $50 million to deepen its seed-stage concentration in B2B enterprise across ASEAN (per DealStreetAsia, July 2024). The fund structure includes a rolling close mechanism designed to accommodate family offices and regional institutional LPs seeking granular exposure to Southeast Asian B2B. Indelible's structural differentiator is its corridor specialization. Unlike generalist Southeast Asian seed funds that index across consumer, fintech, and SME tools, Indelible restricts deployment to B2B companies that require a multi-country operational footprint within 18 months of incorporation. This forces a diligence process anchored in cross-border regulatory pathway analysis — a capability most early-stage ASEAN managers do not staff internally. The resulting portfolio is concentrated and operationally intensive, resembling a venture-build model more than a traditional LP capital allocator.