Local venture capital, Kejora Capital and Japan-based financial service company, SBI Holdings, launced SBI Kejora Orbit Fund I. This joint venture fund marks SBI’ first Fund focusing solely on Indonesia. Both prepared a US$30 Million, early-stage technology fund, focusing on investment in Indonesia. The Fund is expected to complete its first closing by June 30, with confirmed investors and will start the deployment immediately.

Orbit will invest between $200,000 – $3 Million per ticket size in thematically targeted technology areas, including supply chain, education, medical, consumer Goods and retail, agriculture, financial technology, and digital media.

The Fund is the successor of Kejora Star Capital II, the venture capital’ early-stage investment vehicle launched in 2016. For SBI Holdings, since 2011 had made investments in Indonesia through the regional investment vehicle, with portfolios including Tokopedia, Investree, Ralali, Amartha, and Taralite.