Intudo, the only venture capital firm that exclusively focuses on Indonesia has secured $125 million in two new funds — a US$75 million fourth flagship “Indonesia-only” venture fund and a US$50 million natural resources and renewable energy fund.
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The successful finishing of the two funds increases Intudo’s total assets under management to more than $350 million.
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Intudo stated that Fund IV will invest in Indonesian startups that capitalize on the country’s location, digital advancements, and growing middle-class population—primarily those that leverage the country’s strengths in consumer products, aquaculture, and horticulture, as well as commercial distribution, regulatory, and deep tech startups. The other fund will be its first attempt to use Indonesia’s dominant position in the global nickel and cobalt markets to invest in natural resources and renewable energy.
“When we first started Intudo, Indonesia was a far different market, often running silently off the radar of not only global investors but many major multinationals as well. With massive shifts in global trade flows, rising demand for material inputs into emerging technologies, and building off Indonesia’s steady development, Indonesia now offers a different opportunity set, grounded in rapid industrialization and digitalization, global products found on kitchen tables around the world, and new technologies set to define the future of human society,” said Patrick Yip, Founding Partner, Intudo.
“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,” said Eddy Chan, Founding Partner, Intudo.
About Intudo
Founded in 2017, Intudo is backed by Silicon Valley expertise and an established network of experienced global institutions and Indonesian family conglomerates, Intudo has a demonstrated record of successfully making highly concentrated bets in Indonesia.
This approach is supported by its hyperlocal familiarity and capability to provide support in Indonesia, which has positioned Intudo as a trusted gateway to Indonesia for global investors. The firm acts as the “Indonesia beachhead” strategy for dozens of leading institutions, VC/PE/hedge funds, and family offices from the United States, North Asia, and Southeast Asia and supports the “digital transformation” strategy of dozens of leading Indonesian conglomerates.
