BRI Ventures and Fundnel Form Management Funds Worth 727 Billion Rupiah

BRI Ventures (BVI) and Fundnel Group (Fundnel) signed an agreement to establish a new managed fund, namely the Fundnel Secondaries Fund. This managed fund will support the acceleration of startup growth in Southeast Asia, especially Indonesia.

In an official statement, BVI and Fundnel are targeting to collect an investment of $50 million or equivalent to Rp727 billion in this managed fund. Meanwhile, the signing of the second MoU was carried out on Monday (09/5).

BRI Ventures CEO Nicko Widjaja revealed that: trend"exit" very difficult to do these days due to various macro factors. Therefore, BRI Ventures is very enthusiastic about investing in late-stage startups by helping to provide liquidity in the market. "This collaboration will be entry point which is attractive to foreign investors who want to invest heavily in startups that are developing in Indonesia," he said.

Meanwhile, Fundnel Co-Founder and CEO Kelvin Lee said, this collaboration can open access to a global network of investors to invest in high-growth startups in Indonesia. With the track record of BVI and Fundnel, he believes he can get a strong investment deal.

"We are optimistic that we can achieve the desired growth potential, as well as this marks our commitment to provide access and liquidity to the startup ecosystem in Indonesia," said Kevin.

In the e-Conomy SEA report by Google, Temasek, and Bain & Company, the value of the digital economy in Indonesia is projected to grow by 18,9% from $44 billion in 2020 to $124 billion in 2025. This growth is also driven by increasing internet penetration, smartphone, and telecommunications infrastructure in rural areas.

Meanwhile, the Fund targets portfolios with high growth through non-traditional investment channels that are considered to be able to support shareholders, both early investors (early backers), founders, and employees.

This strategy is also considered to increase the enthusiasm of investors to develop startups. Meanwhile, investors Existing can reinvest their capital into new business opportunities.

Efforts to expand liquidity

For your information, Fundnel Group is marketplace for the largest alternative asset in Southeast Asia. In the last three years, Fundnel has managed more than $12 billion secondary deals (a condition in which the investor buys ownership of shares from the initial investor, founder, or employees in a company).

With Fundnel's license and involvement in the fundraising ecosystem in Southeast Asia, they are in a strong position to open up access and exert greater price influence in acquiring shares. unicorn regionally.

In line with its mission, Fundnel is exploring tokenization options for Funds on the Hg Exchange (HGX) to provide liquidity for investors. This option can allow new investors to take advantage of the liquidity in HGX as well as invest in high growth companies with ticket sizes $10.000 minimum.

Through HGX, the Fundnel Group can also support tokenization and digital ownership of alternative assets, such as private security, managed funds, and asset-backed security (ABS) as a solution end-to-end to trade them in small quantities at lower prices so as to accommodate the liquidity needs of the private market.