Indonesia-focused VC Intudo Ventures closes $10m debut fund

Left: Eddy Chan. Right: Patrick Yip. Founding partners of Intudo Ventures.

Photo by Eddy Chan

Intudo Ventures – a new venture capital firm run by global investors Eddy Chan, Patrick Yip, and Timothy Chen – today announced that it has closed a $10 million Indonesia-focussed fund, its first vehicle in the region.

The firm will be leading seed and series A rounds with a target ownership of 15 to 25 per cent on a fully-diluted basis.

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