Tumbuan & Partners (T&P) is pleased to assist Intudo Ventures (INTUDO) for its seed funding investment in Good Morning Ser Pte Ltd and PT Likuid Jaya Inisiasi (SERMORPHEUS) in the amount of over USD 1,000,000 (one million United States dollar).
As an “Indonesia-only” independent venture capital firm with a concentrated portfolio approach (US$1M -US$10M initial investment per company), INTUDO focuses its investments in a wide range of sectors of homegrown Indonesian start-up companies. SERMORPHEUS is an Indonesian blockchain start-up company offering a marketplace for companies and brands to create and place their NFTs. Through its marketplace, SERMORPHEUS also enables end-customers to buy such NFT products using Indonesian Rupiah.
The investment will be used by SERMORPHEUS to develop its products and hiring more employees.
T&P advised on this deal with a team led by our senior partner, Jennifer B. Tumbuan and senior associates, Sanddy Gunawan and Reina Theresia, with the full support from other members of T&P. T&P is very honoured to be trusted to act as the local counsel for INTUDO in conducting legal due diligence and advising on transactional documents.
We are grateful to be trusted and to have been given the opportunity to demonstrate our valuable knowledge in completing the deal. We would like to take this opportunity to say thank you to all the parties involved.
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