Sinar Mas, East Ventures, Yahoo Japan form SE Asia fund
Indonesian conglomerate Sinar Mas Group, Singapore’s East Ventures and Yahoo Japan have teamed up to launch a $150 million venture capital fund targeting technology-enabled companies in Southeast Asia.
Sinar Mas and Yahoo will participate via their VC arms SMDV and YJ Capital. According to a statement, the three groups have already committed $100 million to the vehicle, which will begin investing in...
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