Sinar Mas Land partners East Ventures, others to launch smart city fund

Sinar Mas Land partners East Ventures, others to launch smart city fund

Indonesian property developer Sinar Mas Land has teamed up with East Ventures, Redbadge Pacific and Prasetia Dwidharma to set up a fund that will invest in startups developing smart city solutions, according to a press release.

The vehicle – called Urban Gateway Fund (UGF) – will focus on investing in six areas of urban living technology – mobility and transportation, property technology, data analytics and artificial intelligence (AI), omnichannel retail, sustainable resources management, and smart city tech.

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