<article><a href="https://www.dealstreetasia.com/tag/Venturra-Capital">Venturra Capital</a>, the venture capital arm of Indonesian conglomerate Lippo, has launched a new $15-million fund to invest in early-stage startups, confirming an earlier report by this portal.</article>

<a href="https://www.dealstreetasia.com/tag/Venturra-Capital">Venturra Capital</a>, the venture capital arm of Indonesian conglomerate Lippo, has launched a new $15-million fund to invest in early-stage startups, confirming an earlier report by this portal.
In an official release, Venturra said the new fund, Venturra Discovery, aims to fill a gap brought about by the decrease in the number of early-stage funding channels in Southeast Asia.
The fund plans to invest in 30-40 startups over the next four years, with check sizes ranging from $200,000-500,000.
DEALSTREETASIA had first <a href="https://www.dealstreetasia.com/stories/venturra-seed-fund-104923/">reported</a> in August about Venturra’s plan to launch a new seed fund.
Venturra Capital, which counts Ruangguru, Zilingo, Sociolla and Happy Fresh among its portfolio companies, primarily invested in mid-stage companies in its previous fund. The VC firm said it aims to share insights derived from its past investments to nurture early-stage companies.
To date, Venturra Discovery has backed three companies and is looking to invest in more.
Venturra Capital was founded by former Rocket Internet Southeast Asia MD Stefan Jung, former Google Indonesia country manager Rudy Ramawy and Lippo Group executive director John Riady in 2015 and launched its $150-million first fund in the same year.
The new seed fund will see the involvement of new partner Raditya Pramana, who will run the fund alongside Ramawy and Riady. Jung, meanwhile, will sit on the Advisory Board of Venturra Discovery, while managing Venturra Fund I.
Raditya brings experience in seed investments gained at IMJ Investment Partners, where he led investments in companies such as Kudo (exited to Grab), Fabelio, and Kata.ai and was also involved in investments such as Bukalapak.
Venturra&#8217;s backer Lippo is a pan-Asian group with strategic investments and operations across eight markets globally. It is the largest integrated services group in Indonesia, serving more than 60 million customers across its real estate, malls, department stores, hospitals, telecommunications, media and financial services businesses.
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Venturra Capital, the venture capital arm of Indonesian conglomerate Lippo, has launched a new $15-million fund to be invested into early stage startups, confirming an earlier report by this portal.

Indonesia's Venturra Capital launches $15m fund targeting early-stage startups

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Indonesia's Venturra Capital launches $15m fund targeting early-stage startups

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