Indonesia's VC deal numbers are in line to reach a new high this year, boosted by homegrown state-owned enterprises and interest from Asian corporates.

Indonesia’s startup ecosystem has boomed in the past two years and continues to defy gravity despite the global downturn, partly due to the willingness of the country’s state-owned enterprises (SOEs) to pursue corporate venturing. The SOEs are takig part in some sizeable rounds. SiCepat’s $170m series B round in March 2021was backed by telecommunications firm…

The rest of this content is only accessible to Global Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.