The second fund for venture capital firm SMDV could reportedly be capitalised completely from the balance sheet of conglomerate Sinar Mas.
Indonesia-based conglomerate Sinar Mas is considering financing the second fund of venture capital affiliate SMDV from its own balance sheet, potentially running it as an internal family office vehicle, DealStreetAsia has reported.
Founded in 2014 as Sinar Mas Digital Ventures, SMDV operates independently to Sinar Mas and targets financial returns rather than strategic investments. It has built a portfolio that includes e-commerce software provider Sirclo and digital payment platform developer Omise.
The second fund would be open ended and would…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
