Eddy Chan built his career around a single-country bet on Indonesia rather than the usual regional Southeast Asia approach, spending much of the year at U.S. business schools and running a return program to help Indonesians studying and working abroad come home, with about a third of his portfolio companies first found through this network while founders were still living in the U.S. He also stands out for breaking Indonesia's population into separate income-based markets instead of treating it as one giant market, testing founders by connecting them with real customers and partners before investing, keeping his portfolio small with just a handful of deals a year, and making sure no single investor can hold more than 10% of his fund.
About their Fund
Intudo Ventures invests only in Indonesia rather than treating it as one market within a broader regional fund, and it positions itself as a bridge between Indonesia and Silicon Valley, pairing deep relationships with more than 30 Indonesian conglomerates with Silicon Valley ties through co-founders like Eddy Chan, while deliberately making a small number of concentrated bets instead of building a broad portfolio. It stays connected to major local business groups without depending on any single one, which it says appeals to founders who don't want to align too early with one corporate bloc, and it has built its own talent pipeline through programs like PULKAM and BUMI that bring Indonesian professionals and students back into the local startup ecosystem. It has also been willing to back real-economy and online-to-offline businesses that other funds viewed as unproven, and it has recently expanded beyond software startups into funding for natural resources and renewable energy.
















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