Bukalapak-backer Spiral Ventures targets to raise over $30m for fourth vehicle

Photo by Micheile Henderson on Unsplash

Singapore-headquartered Spiral Ventures, which has backed Indonesia-listed online marketplace Bukalapak and SE Asian used car platform Carsome, is targeting to raise over $30 million for its fourth Asia-focused fund. The VC firm is targeting the first close of the new vehicle in Q1 2023.

Spiral Ventures closed its third fund at $30 million in March 2022, according to CFO and director Chiharu Goto.

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