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,…
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