AAA Venturra Capital centres $15m early-stage fund

Venturra Capital centres $15m early-stage fund

Venturra Capital, the Indonesia-based venture capital firm backed by diversified conglomerate Lippo Group, has formed an early-stage investment fund called Venturra Discovery, E27 has reported.

Venturra Discovery is equipped with $15m and will invest $200,000 to $500,000 per deal in seed and pre-series A rounds for between 30 and 40 startups based in Southeast Asia. Its parent firm was rebranded from Lippo Digital Ventures in 2015.

Raditya Pramana, a partner at Venturra Discovery, said: “Each year we will get together and brainstorm, what are the next big things? So if there are entrepreneurs that want to solve a problem where we think there is a big opportunity, we already understand it and know how to help them.”

By Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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