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indonesia venture capital firm intudo ventures raises 75 million for new fund
Intudo Ventures, an Indonesian venture capital firm, has closed its fourth fund at $75 million, a reduction from its previous $144 million fund, amid a downturn in Southeast Asia's startup ecosystem. The new fund will target over a dozen emerging Indonesian startups and support their global expansion. Additionally, the firm has raised a separate $50 million fund focused on renewable energy investments.
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