Kejora Ventures collects $27m

The Indonesian investment firm continues to target Southeast Asia.

Kejora Ventures has held a first close for its Kejora Star Capital Fund II, amassing a third of its $80 million target. With this vehicle, the firm aims to continue its strategy of using business models from developed markets to inform its technology-focused investments in Southeast Asia.

Capital commitments to Kejora Star Capital II Fund came from investors including the Barito Pacific Group, the Charoen Pokphand Family and the Hubert Burda Media.