Sinar Mas-backed SMDV has invested in 20 startups from its earlier fund and will target larger deals through its next fund.

Indonesia-based conglomerate Sinar Mas Group’s corporate venturing unit, SMDV, is planning to raise a second fund targeting later-stage, local investments, managing partner Roderick Purwana told DealStreetAsia. Purwana said the fund, raised from the Sinar Mas family, would be “sizable enough to do larger deals, for series B or beyond”. SMDV has invested in 20 startups,…

The rest of this content is only accessible to Corporate Venturing: News, Data, and Events - Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.