Heaptalk, Jakarta — Intudo Ventures, an Indonesian venture Capital firm, launched a newest managed fund totaling $125 million (approximately Rp1.9 trillion).
This fund was raised through two investment vehicles, including Intudo Ventures IV, LP, with a total of $75 million, and an additional $50 million fund dedicated to developing natural resources and renewable energy initiatives in Prabowo-led country Indonesia. The successful closing of the two funds brings Intudo’s total assets under management to over US$350 million.
Intudo Ventures IV is designed to back Indonesian startups leveraging the country’s growing global economic stature. The fund invests in businesses with competitive edges in commercial distribution, regulatory compliance, and advanced technologies, specifically in sectors that enhance Indonesia’s international presence.
This latest fund will be invested in three primary focuses, covering:
- Connecting the World to Indonesia: Indonesia stands as a fresh and significant growth opportunity for global sectors, playing an indispensable role in worldwide supply chains critical to future advancements. Indonesia is positioned to drive cutting-edge technologies globally with its robust electric vehicles, batteries, carbon capture, and solar energy market.
- Showcasing Indonesia on the World Stage: By capitalizing on its strengths in globally demanded products, such as daily consumer goods, aquaculture, and horticulture, Indonesia is becoming a focal point for businesses aiming to optimize production efficiency, enhance global connectivity amidst shifting supply chains, and commit to sustainability goals.
- Investing in the domestic market: With over 280 million people, half of Indonesia’s economic activities stem from private consumption. This opportunity is fertile ground for entrepreneurs developing unique, localized business models. These ventures address specific local preferences and occasionally position Indonesia as a regional or global expansion launchpad.
Intudo intends to establish a portfolio comprising 14-18 Indonesian companies through its targeted investment approach, with each company receiving an initial capital allocation ranging from approximately US$1 million to US$10 million. Furthermore, an additional US$50 million will be allocated to advance initiatives in Indonesia’s natural resource management and renewable energy sectors.
Before wrapping up this newly managed fund, Intudo Ventures closed its third fund at US$115 million. The Jakarta-based firm, which raised a $50 million. This Fund III comes from institutions, funds, individuals, family offices in the US, Europe, and Asia, as well as several Limited Partners (LPs).
“With a mission to bring the world to Indonesia, and Indonesia to the world, we are building ties that will help Indonesia climb the global value chain and create greater integration with the world,” Eddy Chan, Founding Partner of Intudo Ventures, said.
