Sembrani Nusantara has a target ceiling of about $21m and will invest in a wider amount of sectors than its fintech-focused parent firm.
BRI Ventures, the venture capital arm of Bank Rakyat Indonesia (BRI), has formed a fund called Sembrani Nusantara which has a Rp 300bn ($21.2m) target for its close, Kr Asia reported yesterday.
The unit was launched by BRI in July 2019 with $100m of capital and it has begun investing significantly this year, co-leading the $23.5m first tranche of online lender Investree’s series C round in April and backing cross-border payment platform Nium’s series D round in…
