Indonesia's Gayo Capital eyes final close of $10m hybrid fund in H1 this year

Edward Chamdani, managing partner, Gayo Capital (extreme right)

Indonesian venture fund Gayo Capital has closed half of the $10 million targeted by its current vehicle and expects to seal the remaining in the first half of this year, its managing partner told DealStreetAsia.

“Gayo is in discussions with a number of potential backers who can support the big plans in our roadmap,” said Edward Chamdani, who declined to disclose the profile of his fund’s LPs.

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