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Venti Technologies secures $8M in seed round for autonomous mobility for logistics, supply chain and transportation markets
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Indonesia s Alpha JWC joins US-based Venti Technologies $8m round
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Venti Technologies Raises $8M in Seed Funding
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Alpha JWC Ventures & Kearney present a roadmap for unleashing the economic might of non-metro Indonesia
Photo: Kang Cekrek, Unsplash
April 20, 2021 Created after extensive research with consumers and retailers, as well as exhaustive in depth interviews with investors and startups, the Alpha JWC Ventures & Kearney report provides an essential overview of what it will take to capitalise on the opportunities presented by Indonesia’s tier 2 and 3 cities
Unlocking the potential of tier 2 and 3 cities in Indonesia is considered a critical component to the country’s ambitions of becoming the world’s fourth largest economy by 2045.
The extent to which these cities will contribute to the expansion of the economy in Indonesia is among the subjects addressed by a new report from Alpha JWC Ventures and Kearney titled ‘Unlocking the next wave of digital growth: beyond metropolitan Indonesia’. The report offers a comprehensive overview of the Indonesia opportunity, particularly for
Vast potential of country’s digital industry remains largely untapped, says venture capital firm
15 Mar 2021 |
Tom King
Indonesia, Southeast Asia’s largest economy, and also its most populous nation, launched its own sovereign wealth fund last month. The Indonesia Investment Authority (INA) was inaugurated with US$1.1 billion startup capital from the Indonesian government and is expected to receive a further shot of US$5.4 billion from the country’s 2021 budget. The INA will be a strategic partner for domestic and international investors and is initially expected to focus on infrastructure developments.
In Indonesia, old fortunes were built in sectors such as oil and gas, minerals, crude palm oil, rubber products and manufacturing. But according to Jakarta-based Chandra Tjan, co-founder and general partner at Southeast Asia venture capital firm Alpha JWC Ventures, venture capital will be the new wealth creation vehicle in the next five years.