Indonesia Impact Fund announces first close; invests in edtech firm Cakap

Indonesia Impact Fund announces first close; invests in edtech firm Cakap

IIF manager and partner Joshua Agusta with Cakap CEO Tomy Yunus (Photo courtesy of IIF)

Indonesia Impact Fund (IIF), the first ESG-compliant private impact fund managed by Mandiri Capital Indonesia, has announced an undisclosed investment into Cakap — its first investment.