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Jakarta Post

Singaporean venture capital firm to invest in two Indonesian tech start-ups

  • News Desk

    The Jakarta Post

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JAKARTA   /   Mon, November 4, 2019   /  01:14 pm
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Start-up employees work in the Innovation Room, an incubator space for start-ups provided by the Manpower Ministry. (JP/Rainier Nathaniel )

Singapore-based early stage venture capital firm Jungle Ventures is searching for start-ups in the field of computer technology and software as its investment targets in Indonesia. The company’s managing partner, David Gowdey, said Jungle Ventures was looking for two Indonesian start-ups to invest in during the company’s next fund-gathering round.  “We usually provide Series A and Series B funding, but we are also open to pre-series A and pre-series C funding too if necessary. I’ve noticed that Indonesian markets have gone through rapid changes during the las three to five years. There are many start-ups that were built to solve problems in the country. Jungle wants to fund quality start-ups; doesn’t matter where they’re from,” said Gowdey in Jakarta on Nov. 1. Jungle Ventures has invested in three start-ups in Indonesia this year, ...