Heaptalk, Jakarta — Mandiri Group investment arm, Mandiri Capital Indonesia (MCI), and Investible company have signed a term sheet to establish a strategically managed fund dedicated to the climate tech sector globally.
Around 30% of managed funds will be tackled to leverage the complementary power of the country led by President Joko Widodo as the fourth-highest population and SEA’s most significant economic growth. The new fund will also enable these companies to explore opportunities in key sectors identified by the UNEP, such as Energy, transport, buildings, and
The CEO of Investible, Rod Bristow, perceived that the archipelago possessed significant growth potential, with a diverse and dynamic startup landscape, alongside the mature of deep tech and research-based ecosystem in Australia and Singapore’s established hub for commerce, proving the region’s potential to be a climate tech leader.
“Investible is pleased to work with the MCI team to launch the Investible Global Climate Tech Fund. We observed that this investment firm realized our peculiar early-stage investment process, methodology, global networks, and experience as an early-stage climate tech investor. Hence, we are excited to establish our on-ground existence in Indonesia further to bring this investment strategy,” Bristow said.
Investible has actively invested in Southeast Asia since 2018. In its portfolios, this company has injected fresh capital in multiple Indonesian startups, spanning Eden Farm, Rakamin Academy, BintanGo, and MyRobin – recently exited Investible’s Early Stage Fund 2.
As is well known, Investible has launched the Climate Tech Strategy in 2021. The company has reached over 3,200 investment opportunities across 20 countries and managed to invest in 19 early-stage companies.
“We are excited to partner with Investible due to containing a shared vision for the future of climate technology. This cooperation highlights the company’s priority on developing ESG while nurturing breakthrough climate innovations. Our deep-rooted relationships with investors across the archipelago will serve as the cornerstone for this venture to elevate climate tech companies to the global stage.” The Chief Investment Officer of Mandiri Capital Indonesia, Dennis Pratistha, affirmed.
As information, this strategic fund continues the Indonesia Impact Fund’s (IIF) mandate to create a more significant impact by supporting the Net Zero Emissions Initiative, together with the APEC Business Advisory Council (ABAC) and UNDP, to contribute to Indonesia’s sustainable development significantly.
