Two investment firms have just revealed new funds that bring a collective $860 million in fresh capital to Southeast Asia’s startup industry.


  • $800 million for fifth fund
  • First close of fund only holds about one-third of the target
  • Aimed at entire Southeast Asia
  • Generally invests in mature startups, with early-stage investments for Indonesia
  • Singapore-based private equity firm also has an office in Jakarta, Indonesia
  • Along with spinoff Openspace Ventures, its portfolio in the region includes Gojek, Redmart, Zimplistic, Indomaret

Sovereign’s Capital

  • $60 million for early-stage startups in Indonesia
  • Typically invests $250,000 to $2 million
  • Silicon Valley VC outfit has an office in Jakarta
  • Portfolio in region includes Grab, Bridestory, Xendit

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