MUFG, Japan s largest bank by market cap, announced today the launch of a $100 million fund focused on Indonesian startups. The fund, a collaboration between MU
MUFG Innovation Partners Co., Ltd. (MUIP) and MUFG Bank, subsidiaries of Mitsubishi UFJ Financial Group, Inc. (MUFG), have on Tuesday announced that they have established a $100 million fund called the MUFG Innovation Partners Garuda No. 1 Limited Investment Partnership with PT Bank Danamon Indonesia, Tbk (Danamon), a leading commercial bank in Indonesia.
MUFG, Japan’s largest bank by market cap, announced today the launch of a $100 million fund focused on Indonesian startups. The fund, a collaboration between MUFG subsidiaries MUFG Innovation Partners, MUFG Bank and Indonesian commercial bank Danamon, is called MUFG Innovation Partners Garuda No. 1 Limited Investment Partnership.