Kejora Ventures, that is among Indonesia’s leading private venture capital firms, Friday unveiled its new office in Bangkok, as it looks to commit capital to Thailand, even as it seeks to establish regional collaboration in tech space.
Sebastian Togelang, Founding Partner of Kejora Ventures, told DEALSTREETASIA, via a telephonic interview that it’s very important to have its foothold in Thailand where it has the second largest GDP in Southeast Asia after Indonesia.
Prior to open its Bangkok office, Kejora has already had its presences in Indonesia, Philippines and Singapore. Togelang said that the Bangkok office will strengthen its goal of helping entrepreneurs expand their access to strategic partners and investors across the region.
“One of the main challenges when people want to expand into another country in Southeast Asia is that they have to build the network from the scratch because of different languages and cultures,” said Togelang. “Nobody seriously works on tackling this issue. For us, this is the opportunity so it’s mandatory to have our presence in various countries to build the network and help companies expand in the region faster.”
Kejora also plans to launch the offices in Malaysia soon and considering some other countries in Southeast Asia later on. We will [open] when the right timing has come,” he said.
He also added that we will see more consolidations as well as more collaboration among leading companies and corporates in ASEAN countries to support and together build regional giants in the tech sector this year.
Chatchaval Jiaravanon, Advisory Committee of Kejora Ventures and Member of Board of Directors at True Corporation, also joined the launch of the Bangkok office. He is a member of the Charoen Phokphand family, one of the strategic investors in the first closing round of Kejora Star Capital II Fund.
Tagelang confirmed that it planned to close the Kejora Star Capital II Fund, targeting at $80 million, by July or August this year.
To date, the Jakarta-based Kejora Ventures has over 29 investments in its portfolio. The investments will focus on financial technology, human resources technology, logistics and marketplaces.