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Ficus Capital pours $400k into Indonesian AR Firm Assemblr


Ficus Capital, today announced that it has invested US400,000 through its Ficus SEA Fund in Assemblr, an augmented reality (AR) platform company. Assemblr is a Bandung-based start-up that is focused on helping users to create AR content via its web-based platform.


"We have seen the emergence of augmented reality in various fields, especially in gaming, advertising and entertainment. The demand will get bigger as the world prepares for what the metaverse will bring. Assemblr is an intuitive single-platform tool that can provide users with engaging augmented reality and virtual reality content, making it accessible to everyone to create an immersive real-life virtual experience," said Abdullah Hidayayt, Managing Partner, Ficus Capital.


Ficus Capital has announced its flagship RM60 million fund, Ficus SEA, with a focus on investment in the Southeast Asian region. Mavcap is the fund's anchor investor. This is Ficus Capital's first investment for a start-up based outside of Malaysia. Ficus Capital is the world's first shariah-compliant venture capitalist.


Co-founded by Hasbi Asyadiq, Anita Yustisia and Risnandar in 2018, Assemblr is an augmented reality online platform that creates, discovers, and shares AR experiences for businesses, students and personal users. The platform allows users to build and visualize their own world and place it in real-life settings with only a few taps, dragging and dropping on their computing devices. These young founders aim to make AR accessible for everyone on a single cloud platform. Assemblr currently has more than 2 million projects created, globally.


"We have always been committed to making AR accessible for everyone. The partnership with Ficus Capital will help us to accelerate the adoption of Assemblr as we will reach more users across the region and subsequently the world. We have put an extra emphasis on the design and usability of the platform's UI/UXA to empower users to easily create their content and enliven their ideas, " said Hasbi Asyadiq, founder & CEO of Assemblr.


Assemblr is an alumnus of various renowned international accelerators including Techstars Hub 71, Facebook Accelerator and Plug And Play. It has also been featured as Apple App Store's App of the Day in more than 100 countries.


About Ficus Capital

Ficus Capital is world's first shariah compliant venture capital company. Its flagship fund, Ficus SEA focuses on investment in the Southeast Asia region in promising early-stage tech start-ups with growth potential. The principle is the alignment of interests and of values. For more information, visit here.


Media Contact:

Hizam Kadir, Z&H Associates, 019-3222431

Zaza Zainon, Z&H Associates, 018-3979897

Sayairah Baharuddin, Ficus Capital, syairah@ficus.vc


#PortfolioHighlights #MediaEntertainment

 

Assemblr is one of our portfolio startups in Plug and Play APAC. As an in-house venture capital, our goal is to fund the teams that are building the defensible businesses of the future. By leveraging our capital, our network of VCs, and our corporate partners, we give our portfolio companies an added advantage. Find out more here!


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