Investors are unfazed by the ongoing Covid-19 crisis in Indonesia, and are still sourcing for deals in the country’s fast-growing startup ecosystem, according to local VC Indogen Capital. The firm is considering launching a new growth fund potentially worth “at least $100m” in early 2022 to invest in Series B and above rounds. Chandra Firmanto, Managing Partner and founder of Indogen Capital, which works closely with foreign investors keen on entering Indonesia, told CompassList that funding in the local tech sector has continued to grow this year. Interest is spurred by the recent...
Chandra Firmanto, Managing Partner and founder of Indogen Capital © Indogen Capital
With its Japanese investment partner Striders, Indogen plans to boost growth-stage funding in Indonesia and open doors for portfolio companies to new markets in East Asia
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