Telkom Indonesia and KB Financial Group’s $150m Centauri Fund has secured a capital commitment from Korea Growth Investment Corporation.
Centauri Fund, an investment vehicle jointly formed by telecommunications firm Telkom Indonesia and financial services firm KB Financial Group, has received KRW10bn ($8.5m) from fund-of-funds manager Korea Growth Investment Corporation (K-Growth), e27 has reported.
The $150m fund was launched in December 2020 and focuses on early-stage companies in Southeast Asia with the potential to apply their business models overseas. It initially invests between $1m and $5m in rounds from pre-series A to series B stage.
The fund is managed…
