BLACK LICORICE RECRUITS & BETS EARLY ON INDONESIAN OUTLIERS
WHAT WE BUILD
We're obsessed with the boring stuff that makes organizations undeniable: budgets, boards, governance, strategy & KPIs.

BUDGETS
Budgets are what make or break and organization. We want to know the price of soap.

BOARDS
"An organization hasn’t come anywhere near its full potential unless it sees the building of a great and effective board…"

GOVERNANCE
Good governance provides a framework for better decision-making. It permeates every level of an organisation, ensuring sustainability, promoting ethical conduct, and fostering stakeholder trust.

STRATEGY & KPIs
A set of bets about the future. What do you want to be known for in 5 years?
WHO WE BACK
OUR PORTFOLIO
We back founders turning promising ideas into durable institutions—trusted by donors & relied on by communities.
Know someone doing remarkable work in Indonesia?
Nominate them for the 2027 cohort.
Mustika Wijaya
Solar Chapter
Yuni Setiyawati
SID Indonesia
Farizal Muharram
Arc Institute
Christy Abigail
KantiHealth
Basra Amru
Portkesmas