The move follows state-led initiatives to invest directly in startups in Saudi Arabia and Europe.
Indonesia state-owned Bank Negara Indonesia (BNI) is setting up its second $40m corporate venture capital fund, according to DealStreetAsia.
In mid-2019, BNI raised up to $50m for its debut fund.
The move follows similar state-led initiatives to invest directly in startups.
Saudi Arabia said it would commit a further $6.4bn to future tech, according to newswire Reuters, including a $2bn joint venture between eWTP Arabia Capital, a fund backed by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund…
