Intudo Ventures Secures $125M to Strengthen Indonesia’s Digital Ecosystem and Clean Energy Supply Chains

Indonesia-focused venture capital firm Intudo has secured $125 million across two new investment funds to expand its global footprint. The firm, based in Jakarta and Silicon Valley, has launched its fourth venture fund, Intudo Ventures IV, LP, with $75 million dedicated to supporting local startups in sectors like consumer products, digital technology, and deep tech. Additionally, Intudo introduced a $50 million fund to invest in downstream natural resources and renewable energy projects.

With over $350 million in assets under management, Intudo aims to capitalize on Indonesia’s strategic advantages, including its strong position in the global nickel and cobalt markets. Indonesia is aiming for rapid industrial growth, a rising digital economy, and an expanding middle class, targeting companies that leverage the country’s global strengths and cater to its domestic market.

Target sectors include consumer products, aquaculture, horticulture, as well as commercial distribution, regulatory, and deep tech startups. Intudo aims to identify businesses with strong competitive advantages, enabling them to secure market leadership in their respective categories.

The fund has attracted notable investors, including family offices and institutions across the U.S., Europe, Asia, and the Middle East. Orient Growth Ventures, Black Kite Capital, and more than 20 other global funds and partners are among the distinguished backers. Additionally, 15 Forbes-listed billionaires and over 30 influential Indonesian families have contributed.

Intudo Ventures IV plans to construct a concentrated portfolio of 14-18 homegrown companies. Each investment will typically range from $1 million to $10 million, with the firm seeking stakes of 20% to 30% in each company. 

By focusing on underserved and overlooked opportunities, the firm hopes to back emerging leaders whopoised to dominate their sectors and deliver outsized returns. In particular, Intudo differentiates itself by adopting a smaller fund size, allowing for significant ownership and deep involvement in portfolio companies.

In addition to Fund IV, Intudo has also launched a $50 million fund focused on downstream natural resources and renewable energy. This initiative aims to tap into Indonesia’s rising role in the global value chain, particularly in the nickel and cobalt markets, vital to emerging technologies like electric vehicles and clean energy. The renewable energy fund will help Indonesia secure critical links in the supply chain and capture a larger global market share.

The firm views Indonesia as a hub for global innovation, with industries ranging from electric vehicles to solar energy. It also aims to amplify Indonesia’s competitive advantages, such as its robust aquaculture and consumer goods sectors, while nurturing indigenous business models that cater to local market conditions. Intudo offers bespoke support to investors and businesses through its platform, facilitating connections between global players and Indonesian entrepreneurs.