Intudo secures $125m for dual investment funds https://t.co/YCR6RBuZkF
Indonesian VC firm Intudo raises $125M across two funds: https://t.co/V0NRbS8qmR by TechCrunch #infosec #cybersecurity #technology #news
Indonesian VC firm Intudo raises $125M across two funds https://t.co/Qxrcy5yrxO
Intudo Ventures, an Indonesian venture capital firm, has successfully raised $125 million across two funds, signaling a strategic shift in response to the challenges facing Southeast Asia's startup ecosystem. This fundraising effort comes as Intudo also closed its fourth fund at $75 million, a reduction from its previous fund size. The move reflects the firm's adaptation to the region's shrinking startup industry, which has seen a decline in investment opportunities. The new funds aim to support open-source projects and other technology initiatives, attracting equity-free funding from corporates, startups, and venture capitalists.
