Mandiri Capital Indonesia partners Investible to launch new global climate tech fund

Indonesian financial institution Bank Mandiri corporate venture capital subsidiary Mandiri Capital Indonesia (MCI) and Sydney and Singapore-based early stage venture capital firm Investible have teamed up to launch new global climate tech fund.

Australian early-stage investor Investible has announced the first close of $37.4M fund for startups in Southeast Asia and Down Under

Investible plans to use its second fund to invest in tech startups mostly in Australia. The VC fund has earmarked 30 percent of the fund’s committed capital to be used for global investments, the majority of which they expect to put towards Southeast Asian investments.