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Indonesian VC firm Intudo raises $125M across two funds
Intudo, the Indonesia-only venture capital firm, said it has raised $125 million across two investment funds — $75 million for Intudo Ventures IV, and $50
The other fund will be its first attempt to leverage Indonesia’s strong position in the global nickel and cobalt market to invest in natural resources and renewable energy. Identifying areas where Indonesia is competitive is essential for the country on a global scale, founding partner of Intudo, Eddy Chan, told TechCrunch. The firm seems to have broadened its LP base since then, receiving investments from institutions and family offices from the United States, Asia, Europe and the Middle East, including Netherlands-based Orient Growth Ventures and Singapore-based Black Kite Capital.
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