East Ventures Closed Oversubscribed Sixth Fund at $75 Million

Willson Cuaca, Managing Partner of East Ventures, ​says​, “We are overwhelmed by the support given by our investors and decided to expand, but hard limit, the fund to $75M. We could have raised more but we wanted to maintain certain disciplines in this euphoria era. It is important to the ecosystems that the value creation velocity matches with valuation expectations and this will translate to how our fund performs to our stakeholders; founders, business partners and LPs. What really matters to us is to be known as the best performing fund instead of the biggest fund in Southeast Asia.”

Through the sixth fund, East Ventures has invested in multiple new verticals: SME inclusion, new retail, fintech, news and media, healthcare, supply chain and digital transformation. This include investment into Wahyoo, Stockbit, AllSome Fullfillment, Katadata, Cicil, Mekari, Kedai Sayur, Advotics, The FIT Company, Nalagenetics.

As a shareholder in 3 unicorns in Southeast Asia, the firm has constructed a fast-growing portfolio including Traveloka, Tokopedia, Kudo (now Grab), Loket (now Gojek), ShopBack, Ruangguru, Sociolla, IDN Media, Waresix, and MokaPOS. In most cases, East Ventures is the first investor in these companies. In the past 3 years, the firm also introduced several internal projects such as CoHive, Warung Pintar, and the most recent, Fore Coffee.

Co-founder and CEO of Tokopedia, William Tanuwijaya, says, “East Ventures is one of our very first investors and we thank them for believing in our vision and mission since the early days. Over the years, the foundation of our trust is strengthened throughout the good and bad times. Willson understands our struggle because he has been with us since the beginning. We are not only a business partner but also a close friend. We wish East Ventures a great success with their new fund and Tokopedia is always part of East Ventures’ big family.”

Co-founder and CEO of Traveloka, Ferry Unardi, says, “The support we received from East Ventures during Traveloka’s formation years proved to be invaluable to the success of our company. Willson and East Ventures have always been a reliable and loyal partner we can count on through thick and thin. Our relation with East Ventures has gone beyond commercial partner, but we forged a strong friendship. To other East Ventures portfolios, we feel like one big family.”

Co-founders of Ruangguru, Adamas Belva Devara and Iman Usman, comments, “As our very first investor, East Ventures has been instrumental in Ruangguru’s journey. They have been very active in connecting us with other investors, players, stakeholders, and potential partners. They also have been a great support to founders and always available anytime we need. More importantly, they care about what we do and the impact we are trying to make above all the metrics that we have to hit.”