FB Pixel no scriptKejora Capital and SBI Holdings launch USD 30 million fund | KrASIA
MENU
KrASIA
News

Kejora Capital and SBI Holdings launch USD 30 million fund

Written by Khamila Mulia Published on     1 min read

Share
Orbit aims to invest between USD 200,000 to USD 3 million in Indonesian tech startups.

Jakarta-based Kejora Capital and Tokyo-based SBI Holdings have formed a joint venture to launch Orbit, a USD 30 million fund for early-stage tech startups in Indonesia. The fund is expected to be closed by the end of this month.

Orbit aims to invest between USD 200,000 to USD 3 million in startups across industries like supply chain, education, medical, consumer goods, retail, agriculture, fintech, and digital media.

venturematterstv episode 2 wavemaker paul santos

The fund is the successor of Kejora’s early-stage investment vehicle Kejora Star Capital II that was launched in 2016. Meanwhile, SBI Holdings has made various investments in Indonesia since 2011. Its portfolio companies include Tokopedia, Investree, Ralali, Amartha, and Taralite.

The joint venture fund will be SBI’s first fund focusing solely on Indonesia. It is backed by a diverse group of investors, including family offices, high net worth individuals, corporations, and other institutional investors across Indonesia, Singapore, Japan, and Europe.

Kejora and SBI Holdings have appointed Billy Boen as director of the Orbit Fund. Boen is a well-known figure in Indonesia’s entrepreneurial communities where he has been an angel investor with advisory roles in various companies.

Share

Most PopularMost Popular

Insights

Here’s how Lazada lost its lead to Shopee in Southeast Asia (Part 1 of 2)

By LatePost

  

  24 Mar 2021    10 mins read

See All

Auto loading next article...

Loading...