KB Investment creates joint investment fund with Indonesia's Telkom
KB Investment said that the Centauri fund, jointly run by KB Investment and MDI Ventures, an investment firm affiliated with Telkom, will collect $150 million by recruiting additional investors. A signing ceremony was held on December 9 at Telkom headquarters in Jakarta.
Investments will be made from the first quarter of next year, targeting start-ups with innovative technologies. Each investment will be between $1 million and $5 million. The two companies plan to actively support the growth of startups in a market with weak infrastructure through various collaborations.