Lippo Group-backed Venturra Capital launches $150m VC fund; to invest in tech, internet firms in SE Asia

Managing Partner Venturra Capital John Riyadi at Launched Mataharimall.com (Photo by Lippo)

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.”

Also Read : Indonesia price comparison startup Telunjuk gets Series A funding from Lippo Digital Ventures  

 

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.