Investible, a VC firm based in Sydney and Singapore, has partnered with Mandiri Capital Indonesia, a subsidiary of Bank Mandiri, to launch a new fund focusing on the climate tech sector.

With the Mandiri-Investible Global Climate Tech Fund, both firms will look for opportunities in Southeast Asia and Oceania.

The size is undisclosed, but the two companies said that 30% of the fund will go toward climate projects in Indonesia.