The Indonesian Venture Capital and Startup Association (Amvesindo) is aiming to secure Rp 20 trillion ($1.27 billion) in venture capital funding in 2024. As of November 2023, venture capital disbursements in Indonesia reached Rp 17.39 trillion, with Rp 16.78 trillion allocated to conventional businesses and Rp 610 billion set aside for Sharia-compliant disbursements. Despite a slight year-on-year decrease in venture capital disbursements in 2023, Amvesindo Chairman Eddi Danusaputro remains optimistic about reaching the target for 2024, citing anticipated declining interest rates in the US and Europe. The European Central Bank is expected to maintain interest rates at their current levels, and investors are closely monitoring indications regarding the timing of a potential rate cut by the Federal Reserve’s Federal Open Market Committee.
Billion-Dollar Dreams: Indonesian Venture Capital Association Targets Rp 20T by 2024
Latest from Blog
Revolutionizing the built environment: Era Ventures secures $88M fund
TLDR: Key Points: Clelia Warburg Peters raised $88 million for her proptech venture firm, Era Ventures, focusing on transforming the real estate industry. Peters’ experience in real estate led her to launch
Innovative Summit Approaches $9B Fund Milestone
TLDR: Summit Partners is nearing a $9 billion fund close for its Growth Equity Pioneer Summit. This would surpass their previous $8.3 billion fund. Growth equity has evolved into a popular asset
Lessons for Global Venture Capitalists from Europe’s Tech Reset
TLDR: The tech market correction in Europe offers lessons for global venture capitalists. Strategies for navigating challenges include building resilient relationships, demonstrating value proposition, and adaptability to setbacks. The article discusses the
Accel Partners Funds e6data: Revolutionizing Retail Tech with Data Intelligence
TLDR: e6data, a data intelligence startup, secured a $10 million Series A funding round led by Accel Partners. The company aims to help businesses reduce costs associated with analyzing their data and
Boosting Start-Up Investment: Financial Sector Aims for $12 Billion
TLDR: The financial sector plans to invest around twelve billion euros by 2030 to support start-ups. The initiative aims to improve structures and provide more venture capital for young companies. Representatives from