Venture Capital
The company is also raising a new property fund of around $20m, with a hard cap of $30m.
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Analysis
The company is backed by AC Ventures, Ephesus United, Teja Ventures, SGInnovate, and Partech.
Filings show that losses surged nearly 65% even as revenues jumped by 72% in 2022.
1982 Ventures and strategic Indonesian family offices and individuals invested.
ALAMI is open to talks with several investors, including from Japan and the UAE.
Net profit in 2022 was mostly driven by investment gains and finance income.
The number of fintech players in the archipelago grew to 334 in 2022 from only 51 in 2011.
IPOs & Markets
Temasek was looking to sell Advanced MedTech last year at a $1b valuation.
At the previously reported deal size of $2 billion, it would be SE Asia’s biggest IPO so far this year.
This will be the second nickel firm in Indonesia to go public this year after PT Trimegah Bangun Persada.
