and 500 Startups Indonesia-based gaming studio Touchten announced today that it has secured a Series C round led by Japanese mobile and social firm GREE, with US-based 500 Startups as a follow-on investor. The investment amount remains undisclosed. Founded in 2009, the company first raised its Series A round of funding from Indonesian incubator and venture capital firm Ideosource and Series B round of funding from Japanese venture capital firm CyberAgent Ventures.

2016 will be a pivotal year for the Indonesian economy. The extended period of post-election policy chaos seems to have settled, and the worst of the policies have either been quietly put aside or amended to something within the bounds of sensible. 2016 will see increasing investment in technology based businesses ("startups"), both domestic and foreign.