Indonesian venture firm Intudo raises $75M for smaller fourth fund amid economic challenges.

Indonesian venture capital firm Intudo Ventures has raised $75 million for its fourth fund, down from $144 million in its previous fund. The new fund will invest in over a dozen young Indonesian startups across various sectors, aiming to help them expand globally. The reduction in fund size reflects challenges in the Southeast Asian startup sector and the global economy. Investors include Indonesian families and Black Kite Capital.

November 12, 2024
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