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

Venturra Capital, 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 reported 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’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.

Also Read:

Indonesia’s Venturra Capital said to have launched offshoot for seed, pre-seed deals

Indonesian online furniture shop Fabelio bags $2m Series A led by Venturra Capital

Indonesia’s Lippo Group injects $44m in Chinese internet giant Tencent

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.

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.