Author: Yimie Yong

The 4IR-themed innovation center was one of the government's initiatives to guide entrepreneurs comprehensively from the prototype development process to product commercialization.

Some of the venture capital firms have already started scouting opportunities to invest in renewable energy startups in the region.

Rafiza will initially be joining KAF Investment Bank as part of the digital bank project team pending the incorporation process of the digital bank entity, KAF Investment Bank said.

The company’s expansion will focus on Indonesia first before starting to expand regionally in 2024.

Funds from this bridge round will power product development and regional market expansion in Singapore, Malaysia, Taiwan and Hong Kong.

The special purpose acquisition company (SPAC), which reportedly has been conducting due diligence on Carousell over the past few months, has not been able to reach a merger agreement with Carousell.

The fresh funding will also be used for aggressive team expansion. Headquartered in the Greater Jakarta Area with operations in 14 cities, Pitik aims to add dozens of deep tech engineers, operations professionals, as well as poultry experts to its current team.

The fund aims to accelerate digital transformation in Southeast Asia and South Asia through the combined operational expertise, regional go-to-market connections and extensive industry network across the three general partners.

The tokens unlock access to a unique piece of graphic design by artist Kode Abdo aka BossLogic.

This brings their total Assets Under Management (AUM) to over $1 billion.