Convergence Ventures Reaches US$30 Million Final Close for Debut Fund (Asia)

Source: Asian Venture Capital Journal  |  Author(s): Holden Mann

Indonesia-focused early-stage venture capital firm Convergence Ventures has reached a final close for its Convergence Capital Fund I with US$30 million in capital commitments. The firm, formerly known as Convergence Accel, plans to make around 30 investments from the fund, which will target companies focused on disruptive digital and mobile internet opportunities.