Indonesia's Kejora adds partner, targets $100m fund
Indonesian venture capital firm Kejora Group has hired Eri Reksoprodjo, formerly of Saratoga Capital, as a partner as it looks to raise up to $100 million for its first institutional fund.
Reksoprodjo departed Saratoga in early 2015, having spent approximately three years with the firm. Before that, he held positions at Citibank in Jakarta and CIBC World Markets in Singapore.
The Kejora platform stems from Andy Zain and Sebastian Togelang, two longstanding serial entrepreneurs in Southeast Asia. The team launched Mountain Kejora Ventures, a joint venture with Zurich-based Mountain Partners, in 2013. Mountain Kejora then set up an incubator - Ideabox - with local telecom provider Indosat Ooredoo.
Kejora's first fund closed in 2013 with $12 million committed capital. It has since provided seed capital for approximately 24 start-ups, a number of which have raised or are in the process of raising institutional rounds from international VC firms.
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