Intudo, an Indonesia-only venture capital firm, has raised $125 million through two funds: $75 million for Intudo Ventures IV and $50 million for a fund focused on downstream natural resources and renewable energy. Fund IV targets Indonesian startups leveraging the country’s strengths in consumer products, aquaculture, and deep tech. The firm aims to invest between $1 million and $10 million in 14-18 companies, focusing on significant ownership stakes. Intudo distinguishes itself by exclusively investing in Indonesia, with support from a diverse limited partner base, including institutions and family offices worldwide.