Intudo Raises US$125 Million to Bring the World to Indonesia and Indonesia to the World

Intudo, an investment firm with operations in Indonesia and Silicon Valley dedicated to bringing the world to Indonesia and Indonesia to the world, today announced the closing of US$125 million across two investment funds—Intudo Ventures IV, LP, a US$75 million venture fund, as well as a US$50 million fund that will invest in downstreaming natural resources and renewable energy. Intudo Ventures IV is dedicated to investing in Indonesian homegrown companies leveraging opportunities generated by Indonesia’s elevated position in the global economy, rising tide of industrialization and digitalization, and burgeoning middle class, through a strategy that seeks to capitalize on areas where Indonesia excels globally.

Intudo Ventures IV attracted commitments from leading institutions and family offices, spanning the United States, Asia, Europe, and the Middle East. Notable limited partners include Orient Growth Ventures and Black Kite Capital—in addition to 20+ leading global funds and managing partners, 15 Forbes-listed billionaires and their affiliated businesses, and 30+ of Indonesia’s most prolific families and their affiliated conglomerates.

Intudo Ventures IV will seek out investments in moat-driven businesses that leverage unfair advantages with respect to commercial distribution, regulatory, and deep technology specializations—enabling businesses to amass market position and maintain category leadership. Through the firm’s concentrated portfolio investment strategy, Intudo will construct a portfolio of 14-18 Indonesian homegrown companies, striving to take lead positions in almost every company the firm backs with initial check sizes ranging from US$1-US$10 million. Intudo invests in non-consensus overlooked companies, emerging leaders, and undisputed category winners, believing that such companies create outsized outcomes.

In addition, Intudo has closed a fund that will invest up to US$50 million in the downstreaming of natural resources and renewable energy in Indonesia. The fund fits into the greater trend of Indonesia’s rising place in the global value chain, capturing more market share in critical areas and onshoring critical links of the supply chain.

Intudo invests in three key dimensions that drive value creation in Indonesia, including:

1. Bringing the world to Indonesia: Indonesia represents a new growth opportunity for the world across different sectors, and is a critical link in global supply chains in spaces critical to the future. Indonesia is an important market for EVs and batteries, for carbon capture, and solar power, powering advanced technologies around the world;
2. Bringing Indonesia to the world: Leveraging areas where Indonesia has a global advantage such as globally-consumed daily consumer items, aquaculture, and horticulture. Businesses are seeking ways to produce goods more efficiently, tap into greater global connectivity and shifting supply chains, and achieve sustainability;
3. Investing in Indonesia for Indonesia: Indonesia is a large consumer market, with a young population north of 280 million, where 56% of economic activity is derived from private consumption. Founders are creating indigenous business models geared towards local market conditions, including ideas that may not work elsewhere or tap into local consumer behaviors that don’t exist in other markets, and selectively utilize Indonesia as a springboard into other markets.

Through the Intudo Platform, Intudo aspires to provide outsized support to investors and businesses alike through white glove concierge services—within Indonesia, the United States, and globally—that brings the world to Indonesia and brings Indonesia to the world. With the largest early-stage investment team in Indonesia and the only Indonesian firm with a partner based in the United States, Intudo offers a unique value proposition to cross-pollinate between markets to facilitate relationships, resources, and access. Intudo connects global investors to leading Indonesian founders, conglomerates, and families to act as on the ground first response and a gateway to the Indonesia opportunity. Meanwhile, with strong global networks, Intudo works to connect portfolio companies and other stakeholders to distribution opportunities and financial capital partners around the world.

Intudo seeks to “right-size” the Indonesia opportunity, understanding that a one-size-fits-all investment approach does not work for any market. Intudo believes that the elements that work in one market are non-transferable to another, requiring firms to exert significant localization efforts in every market. Intudo utilizes strategies that cater to Indonesia’s unique conditions and opportunity sets, tapping into its deep domestic roots to create in-market distribution opportunities with local partners and help companies achieve greater heights.

“When we first started Intudo, Indonesia was a far different market, often running silently off the radar of not only global investors but many major multinationals as well. With massive shifts in global trade flows, rising demand for material inputs into emerging technologies, and building off Indonesia’s steady development, Indonesia now offers a different opportunity set, grounded in rapid industrialization and digitalization, global products found on kitchen tables around the world, and new technologies set to define the future of human society,” said Patrick Yip, Founding Partner, Intudo. “By focusing on the things that Indonesia does best, we believe that Indonesia can create outsized value to investors and businesses, and we are privileged to earn their trust.”

“Intudo is more than a venture capital firm—through our evolution, we have built the Intudo Platform, a platform for investors and founders alike that realizes value through curated relationships, resources, and access through white glove concierge services. With a mission to bring the world to Indonesia, and Indonesia to the world, we are building ties that will help Indonesia climb the global value chain and create greater integration with the world,” said Eddy Chan, Founding Partner, Intudo. “Intudo has always done things in a different way—never contrarian for the sake of contrarianism—but understanding that what works for other markets does not necessarily work for Indonesia. We will continue to do things in our own ‘Intudo Way’ and are grateful for the strong endorsement of our investors and founders.”

The successful closing of the two funds brings Intudo’s total assets under management to over US$350 million.