Intudo raised $125 M to bring the world to Indonesia & Indonesia to the world
The closing of $125 million across two investment funds—Intudo Ventures IV, LP, a $75 million venture fund, and a $50 million fund that will invest in downstreaming natural resources and renewable energy—was announced Tuesday by Intudo, an investment firm with operations in Silicon Valley and Indonesia that aims to bring the world to Indonesia and Indonesia to the world.
Through a strategy that aims to capitalize on areas where Indonesia excels globally, Intudo Ventures IV is committed to investing in domestically produced Indonesian businesses, leveraging opportunities created by Indonesia’s elevated position in the global economy, rising tide of industrialization and digitalization, and growing middle class, the venture capital firm said in a statement.
Prominent organizations and family offices from the US, Asia, Europe, and the Middle East committed to Intudo Ventures IV.
In addition to 20+ top global funds and managing partners, 15 Forbes-listed billionaires and their linked companies, and 30+ of Indonesia’s most successful families and their affiliated conglomerates, notable limited partners include Orient Growth Ventures and Black Kite Capital.
In order for companies to gain market position and sustain category leadership, Intudo Ventures IV will look to invest in moat-driven companies that take use of unfair advantages in terms of commercial distribution, regulatory, and deep technology specializations.
Intudo will build a portfolio of 14–18 Indonesian domestic companies using the firm’s focused portfolio investment model. The company aims to assume lead positions in nearly every company it supports, with initial check sizes ranging from $1 million to $10 million. Undisputed category winners, up-and-coming leaders, and non-consensus neglected businesses are the investments that Intudo makes because it thinks that these businesses provide extraordinary results.
A fund that would invest up to $50 million in Indonesia’s renewable energy and natural resource downstreaming has also been closed by Intudo.
With its increased market dominance in key industries and onshoring of vital supply chain connections, the fund aligns with the broader trend of Indonesia’s ascent in the global value chain.
By bringing the world to Indonesia and Indonesia to the world, Intudo hopes to offer businesses and investors alike exceptional support through white glove concierge services in Indonesia, the US, and around the world through the Intudo Platform.
“When we first started Intudo, Indonesia was a far different market, often running silently off the radar of not only global investors but many major multinationals as well. With massive shifts in global trade flows, rising demand for material inputs into emerging technologies, and building off Indonesia’s steady development, Indonesia now offers a different opportunity set, grounded in rapid industrialization and digitalization, global products found on kitchen tables around the world, and new technologies set to define the future of human society,” said Patrick Yip, Founding Partner, Intudo.
“With a mission to bring the world to Indonesia, and Indonesia to the world, we are building ties that will help Indonesia climb the global value chain and create greater integration with the world,” said Eddy Chan, Founding Partner, Intudo.
