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Intudo secures $125m for dual investment funds
Intudo, an investment firm with bases in Indonesia and Silicon Valley, has raised US$125 million for two investment funds.
These funds include Intudo Ventures IV, a US$75 million venture fund, and a US$50 million fund aimed at natural resources and renewable energy sectors.
The venture fund intends to back Indonesian firms excelling in the global economy. Factors such as industrialization and digitalization, alongside a rising middle class, drive these firms.
Intudo plans to support businesses with strong market standings, aiming to build a portfolio of 14 to 18 Indonesian firms, with initial investments ranging from US$1 million to US$10 million.
At present, Intudo oversees more than US$350 million in assets.
Recent Intudo developments
| Timeline |
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22-Dec-2022 🌞 Intudo Ventures pours $2m into Indonesian solar panel startup
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27-Oct-2022 ☕ Intudo, Beenext co-lead $2.2m funding of Indonesian mobile cafe firm
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20-Sep-2022 🚀 Intudo, BRI Ventures pour $2.5m into Indonesian NFT enabler
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25-Mar-2022 🧬 Intudo, Vulcan Capital lead $12.6m funding for SG gene testing firm
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| 15-Feb-2022 📦 Intudo Ventures leads $4m round of ID logistics firm |
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