The corporates, together with venture firm Yahoo Japan, have committed $100m to a Southeast Asia-focused tech fund that will invest up to $15m at series B stage and later.
Internet company Yahoo Japan and Indonesia-based conglomerate Sinar Mas launched a Southeast Asia-focused investment fund today in partnership with venture capital firm East Ventures.
The fund, dubbed EV Growth, has targeted a $150m close and the partners have already supplied $100m of that sum, Sinar Mas investing through its corporate venturing arm, SMDV.
EV Growth will target IT and related technology developers in the region, and will provide between $5m and $15m to companies at series B stage and later…
