Ringkas, digital mortgage platform, raises US$3.5 million in Seed round to roll out its platform across Indonesia
Ringkas, a digital mortgage platform with the vision to democratize home ownership, announced it has secured a US$3.5 million in Seed Round co-led by East Ventures and Crestone Venture Capital. Other investors that participated include 500 Global, Teja Ventures, Orvel Ventures, Hustle Fund, and others. With the capital from this round, the company will focus on advancing and scaling its platform across multiple cities in Indonesia and the secondary market.
AMILI, a precision gut microbiome firm, raises new funding led by East Ventures
AMILI, Southeast Asia’s first and only precision gut microbiome company, today announced that it has secured new funding from East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 300 tech companies across Southeast Asia. This fund strengthens AMILI’s balance sheet, following the company’s series A funding in June 2022.
DTC bespoke jeweler, MADLY raises new funding from East Ventures
MADLY, Singapore’s foremost bespoke jewelry design house, today announced an investment received from East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 300 tech companies across Southeast Asia. This funding serves as a vote of confidence from East Ventures to MADLY.
East Ventures announces its first and final close of US$250 million Growth Plus fund
East Ventures, a pioneering and leading Indonesia-focused venture capital firm, today announced the first and final close of its Growth Plus fund, securing a total of US$250 million. The fund will specifically target growth portfolio companies within East Ventures’ ecosystem that demonstrate strong potential.
UENA raised new funding co-led by East Ventures and Trihill Capital, aiming to expand the hyperlocal F&B for daily food
UENA, a hyperlocal online F&B startup based in Indonesia, has raised an undisclosed amount of new funding co-led by the existing investor, East Ventures, and the new investor from Trihill Capital. This new round, that was closed in Q1 2023, strengthens UENA’s balance sheet following the seed funding raised in September 2022. The fund will be used to continue expanding the locations and services to reach more users and customers.
Indonesia-based Praktis raises US$20 million of series A funding led by East Ventures
Praktis, an end-to-end supply chain enabler has raised US$20 million of series A round led by East Ventures (Growth fund) with participation from Triputra Group and SMDV. The investment will be allocated to accelerate technology enhancements for the brands sides, at the same time to help the suppliers to have an easier business process, better team building, and enhancement of the end-to-end supply chain ecosystem.
East Ventures launched the East Ventures – Digital Competitiveness Index 2023
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 300 tech companies across Southeast Asia, together with Katadata Insight Center and PwC Indonesia launched the East Ventures – Digital Competitiveness Index (EV-DCI) 2023, which is the 4th edition since it was first launched in 2020. The EV-DCI 2023 report presents the measurement of Indonesia’s digital competitiveness with the theme “Equitable digital nation”.
Prep, a Vietnam-based language learning EdTech, raised US$ 1 million co-led by East Ventures and Cercano Management
Prep, the Vietnam-based online learning platform that specializes in standardized language test preparation, today announced that it has raised US$ 1 million co-led by East Ventures and Cercano Management. This round of funding will further strengthen Prep’s balance sheet, bringing the total funds raised by Prep to US$ 2 million, including the US$ 1 million invested by Touchstone Partners earlier in 2022.