East Ventures-backed startups, Xurya, Nusantics, and Komunal, were crowned as Top Startup in the G20 Digital Innovation Network 2022
East Ventures-backed portfolio companies: Xurya, Nusantics, and Komunal, have been crowned as the Top Startup in the G20 Digital Innovation Network 2022, held in Bali, Indonesia, from 2 - 4 September 2022. They represented Indonesia on this global stage as part of the G20 Presidency of Indonesia with a theme of "Recover Stronger, Recover Together".
From news platform to a complete media ecosystem, IDN Media’s dream of democratizing information
When Winston Utomo started his writing on a site called IDN Times, the article gained much attention from social media just a day after it was published. He realized that there was a fundamental shift in the young generation, which made him began his journey in building a media company. Together with his brother, William Utomo, the Surabaya-born brothers started the journey of IDN Media on 8th June 2014.
Disrupting Indonesia’s oral wellness space, KLAR Smile bags US$ 4.5 million pre-series A funding
Klar Smile, an oral wellness startup in Indonesia, announced that it raised a US$4.5 million pre-series A funding round co-led by East Ventures and AC Ventures. Other participating investors included Venturra Discovery, and several angel investors.
East Ventures’ 9 startups listed in Forbes Asia 100 to Watch List
Forbes Asia 100 to Watch List spotlights 100 small companies and startups across Asia-Pacific that are addressing real-world challenges with fresh thinking and innovative products and services. In 2022, East Ventures is in the top 3 investors across APAC, with 9 portfolio companies listed in Forbes Asia 100 To Watch. They are ALAMI, Desty, Homage, Intellect, Intelluck, Luup, Novelship, Qapita, and The Parentic.
Leveling the playing field and democratizing the web through Web 3.0 investment
Web 3.0 has emerged as the idea of a new kind of internet service built using decentralized blockchains — the shared ledger systems used by cryptocurrencies and NFTs. Proponents believe that Web 3.0 will create new economies, products, and services that will return democracy to the web instead of the current monopolies over who controls information and makes money.
ARIA, a one-stop solution for Indonesia’s agriculture service, secured US$ 5 million of seed funding led by East Ventures
ARIA, a one-stop solution for Indonesia’s agriculture service, has secured US$ 5 million of seed funding led by East Ventures, who joined the pre-seed round in March 2022. This round of funding was also joined by Triputra Group, Michael Sampoerna, Arkana Ventures, GK-Plug & Play, and other strategic investors.
GREENS aims to empower Indonesia’s 240M non-farmers with its meta-farming solutions
Despite being a country with abundant agricultural resources, Indonesia is facing a threat to its food security. The archipelago loses up to 48 million metric tonnes of food annually primarily due to inefficient processing, storage, transportation, and selling of food crops. It also faces a very high risk of soil erosion. The lack of organic content in the soil harms yields and leads to malnutrition.
Riding the prospect of the rising creator economy
Although many giant global social platforms have been in Indonesia for several years, there is still room to grow for local players in seizing opportunities in Indonesia’s creative industry. The industry is fuelled by a growing young population, which accounts for 53.81% of the population.