Venturra Capital, a new venture capital fund sponsored by Indonesia’s conglomerate Lippo Group, on Thursday launched its $150-million Venturra Fund I to nurture tech and Internet businesses in South-east Asia.
Venturra Capital will prioritise Indonesia and Southeast Asia and will invest in technology companies in the early growth stage. It will look at technology-based companies in the consumer needs, e-commerce, financial services, health care, and education sectors.
The firm is run by managing partners Rudy Ramawy, previously country director of Google Indonesia and vice chairman MatahariMall.com; Stefan Jung, former founder and managing partner of Rocket Internet South-east Asia, and John Riady, director of Lippo Group.
The three partners have a combine strong track record in technology investments and building companies in various industries.
“We are very pleased to be working with great entrepreneurs in Venturra and contribute to the digital ecosystem that is dynamic and growing rapidly in Indonesia and Southeast Asia,” said Venturra managing partner Rudy Ramawy in Jakarta.
Lippo Group, the sponsor of the fund, is one of the largest and diverse consumer services groups in Indonesia with open access to wide variety of industry and regional business networks.
All investments in technology undertaken by the Lippo Group under Lippo Digital Ventures (LDV) will be combined with Venturra Fund I.
Venturra managing partner John Riady said, “Southeast Asia is one of the most promising economic market with a range of the best entrepreneurs in the world.”