Indonesia's Bali Investment Club to launch climate-focused fund

Angel investor network aiming for $25m venture capital vehicle early next year

20231024 Waste landfill

A garbage truck ready to drop its contents at an Indonesian landfill. Reducing such waste is an aim of Bali Investment Club. © AP

AASTHA MAHESHWARI, DealStreetAsia

JAKARTA -- The Bali Investment Club (BIC), an angel investor network that invests in impact-driven Indonesian businesses, is looking to launch a $25 million venture capital fund focused on sustainability early next year.

BIC plans to co-invest in the vehicle with global institutions, including European and Southeast Asian limited partners, Nicolo Castiglione, its managing partner, told DealStreetAsia.

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