Ozora Venture Founding Partner Margaret Srijaya (left) and Gobi Partners Co-Founder Thomas Tsao
Venture capital (VC) firms Gobi Partners and Ozora Yatrapaktaja announced the launch of Ratu Nusa Fund, a US$10 million seed fund for women-led startups in Indonesia.
The fund will focus on seed stage and Pre-Series A stage companies in the health tech, e-commerce/social commerce, future-of-work/education, property tech, enterprise/SME tech and fintech verticals.
In a press statement, the firms also stated that the fund will also focus on companies that aim to improve the livelihoods of women and girls across Indonesia; underserved companies that reside in emerging secondary and tertiary cities such as Surabaya, Bali, Denpasar, Nusantara and Medan; as well as companies that leverage technology to broaden access and have the potential to create enhanced efficiencies and scalability.
“Women entrepreneurs have long gotten a small slice of the VC funding pie mainly due to entrenched gender biases, leaving untapped potential from half of the world’s population. The Ratu Nusa Fund was designed to address this gap,” said Gobi Partners Co-Founder Thomas Tsao.
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“There’s nowhere better to debut our first women-centric fund than in Indonesia where there are an estimated 30 million active women entrepreneurs who stand to benefit from a thriving startup ecosystem. We are also excited to partner with Ozora with its strong women-led management team and their deep-rooted networks here,” he continued.
Founded in 2002, Gobi Partners said that it has US$1.5 billion in assets under management, where it supports entrepreneurs from the early to growth stages. Gobi Partners has raised 15 funds across 13 locations and invested in over 310 startups with over 60 based in Southeast Asia.
As for Ozora Yatrapaktaja, the firm said that it has deep local expertise in Indonesia and a strong network with businesses, governments, organisations, and communities globally.
Its founding partner Margaret Srijaya is also the founder of Womenpreneurs.id, an online community that aims to empower women through self-improvement and entrepreneurship with over 300,000 followers since 2018.
Srijaya also served as the Head of VC at BPP HIPMI Indonesia, Local President Junior Chamber International (JCI) East Java in 2017, Women Lead Compartment in Chamber of Commerce Surabaya.
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Image Credit: Gobi Partners, Ozora Yatrapaktaja
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