Manufacturing startup Imajin received Seed funding led by East Ventures
Imajin, a manufacturing startup based in Tangerang, Indonesia, announced that it has secured seed funding led by East Ventures, along with the participation of 500 SEA, Init 6, as well as other investors and angel investors. Imajin will allocate this funding to develop its products and services, improve the recruitment, and expand its domestic and international market coverage.
Sneakerhead: Q&A with Richard Xia, co-founder and CEO of Novelship
Headquartered in Singapore, Novelship is an online sneaker and streetwear marketplace. Founded in 2018, the startup aims to create a safer buying and selling experience for streetwear and sneaker aficionados.
Post-pandemic travel tech: Q&A with Traveloka president Caesar Indra
Planning a trip in the post-pandemic era is tricky—one experiences the familiar excitement and promise of adventure, but mixed in with that is a sense of uncertainty. After the last two years, travel is no longer what it once was, with several businesses having been shut down and regulations constantly changing.
East Ventures was listed in the Top Global & Asian investors in Q4 2022
East Ventures was again listed as one of the top ten global venture capital companies in Q4 2022, created by the global market intelligence platform CB Insights. Previously, East Ventures made the Q3 2022 list as the only SEA-based VC among both global and Asia regions.
Learning from Eastern Indonesia’s climb up the digital competitiveness ladder
Boosting digital competitiveness in Indonesia’s eastern region has been known to be a hard task, influenced by various factors, such as the infrastructure readiness and the digital literacy of the population.
Closing 2022 with high achievements, Komunal raises new funding led by East Ventures
Komunal, the first fintech company to digitize BPR in accelerating the financial inclusion in Indonesia’s tier 2 and tier 3 cities, announced that it has successfully secured US$ 8.5 million of funding led by East Ventures (Growth fund). This funding round is also participated by AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora, and Gobi Partners. This fresh fund will be used towards the company's mission, which is to accelerate financial inclusion and strengthen the neo-rural bank ecosystem in Indonesia, especially outside the Greater Jakarta area.
Indonesia-based employee assistance program platform Mindtera closes US$ 850,000 of seed extension round funding led by East Ventures
Mindtera, an Employee Assistance Program (EAP) platform in Indonesia, announces the close of their combined seed and seed extension round at US$ 850,000 funding led by East Ventures and with commitments from Seedstars International Ventures among other prominent angel investors.
East Ventures’ way of investing
Over the past decade, we have seen the immense development of the digital ecosystem and tech startups in Indonesia. Often this accelerated growth can not be separated from the support of venture capitalists.