Indonesia-based telecommunications firm Telkom Indonesia has developed a network for angel investors to coinvest alongside its corporate venturing unit, MDI Ventures, The Business Times has reported.
The eMerge network has signed up more than 60 angel investor members, ranging from startup founders to conglomerate owners.
The move to develop ties between corporate investors and angels follows similar efforts to develop strategic links by investment firm 24 Haymarket (Disclosure: an investor in Mawsonia, publisher of Global Corporate Venturing).
24 Haymarket now runs a network of 75 corporate and other executives finding and investing in companies in order to support their growth over a period of nearly a decade.
EMerge has closed its first investment, having provided an undisclosed amount of funding for GOX, the Indonesia-based operator of a livestreaming platform and online community for gamers.
MDI Ventures is one of the most active corporate venture capital investors in Southeast Asia, having invested in more than 50 startups in 12 countries, including consumer credit provider FinAccel, which is merging with special purpose acquisition company VPC Impact Acquisition Holdings II at a $2.5bn valuation.
