Indonesia’s Kejora Ventures set to raise next early-stage fund

Sebastian Togelang, founding partner of Indonesian VC Kejora Ventures

Over the last few years, the Indonesian startup scene has attracted a major influx of capital from foreign investors. This [trend] is generally beneficial for the ecosystem but should prompt local players to collaborate more with each other, according to Sebastian Togelang, founding partner of Indonesian VC Kejora Ventures.

“If the VCs in the region work together, it would build an ecosystem that is relatively stable. This would balance out the money coming in from outside,” Togelang said in an interview with DEALSTREETASIA.

Kejora itself is currently partnering with South Korean VC Intervest to form a joint fund with a corpus of $100 million to invest in “proven, later-stage companies that have stable revenue”.

While Kejora continues to deploy from the fund with Intervest, which counts as its third fund, Togelang said the firm is preparing yet another vehicle, which is likely to be an early-stage fund.

This would take Kejora back to familiar territory, having enjoyed success in early-stage investments through its first fund, which saw it back companies that have gone on to grow and raise bigger funds such as fintech firms Investree and C88.

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.