KUALA LUMPUR -- Indonesia's first locally-incorporated, Indonesian Financial Services Authority-licensed venture capital vehicle Sembrani Nusantara Fund, which is managed by BRI Ventures, announced on Monday that it has led a series A funding round in shoe brand Brodo. The funding amount was not disclosed.
BRI Ventures is a corporate venture capital company under Indonesia's state-owned BRI Group, the largest microfinance institution in the world, Indonesia's biggest digital bank and the nation's largest SME lender.
