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Announced

Completed

BRI Ventures led the Series A investment round in Brodo.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Friendly

Private

Indonesia

Domestic

Private Equity

Clothing and Accessories

Completed

Acquisition

shoes

Venture Capital

Majority

Synopsis

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BRI Ventures, a corporate venture capital firm, led the Series A investment round in Brodo, an Indonesian shoemaker. Financial terms were not disclosed. PT Bank Rakyat also participated in the round through subsidiary. “With this funding, we will double down on our product innovation and strengthen our supply chain network to help deeper penetrate Indonesia’s market. We are also preparing for our second stage of growth to fulfill a specific mission of making Indonesian brands cool again. This will ignite the revolution of digital-first microbrands,” Yukka Harlanda, Brodo CEO.

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