Our journey

For over a decade, East Ventures’ journey has been brimmed with exceptional milestones coming from both its internal and external ecosystem.

Select Year

East Ventures Healthcare Fund announced

The firm’s first healthcare-focused fund of US$30 million aims to empower and support promising Indonesian startups that address the unique challenges and opportunities in the landscape.

East Ventures South Korea fund in partnership with SV Investment announced

The US$100 million fund dedicated to the Southeast Asia & South Korea investment corridor will be invested in several key sectors: biotech & healthcare, future mobility, green technology, media & content, and others.

Involvement in the ASEAN-Business Advisory Council (ASEAN-BAC) Indonesia 2023

With Indonesia chosen to lead the ASEAN Chairmanship 2023, we are honored to be involved in the ASEAN-Business Advisory Council (ASEAN-BAC) Indonesia 2023 to boost the region’s efforts towards economic integration.

First and final close of Growth Plus fund announced

The first and final close of US$250 million Growth Plus fund is allocated for growth-stage portfolio companies that demonstrate strong potential.

East Ventures – Digital Competitiveness Index 2023 launched

Together with Katadata Insight Center and PwC Indonesia, East Ventures launched the 4th edition of East Ventures – Digital Competitiveness Index (EV-DCI) with the theme “Equitable digital nation.”

Granted the ‘COVID-19 Handling Award’ by the Ministry of Health of The Republic of Indonesia

East Ventures received this award as a form of appreciation from the Indonesian MoH to all components of the nation who have worked hard to overcome the COVID-19 pandemic.

Climate Impact Innovations Challenge launched

East Ventures and Temasek Foundation launched the Climate Impact Innovations Challenge (CIIC), the largest climate tech innovations platform of the year in Indonesia, providing opportunities for tech innovators to showcase their sustainable innovations related to climate change.

Health Innovation Sprint Accelerator 2023 in collaboration with East Ventures launched

This incubation program launched by the Ministry of Health of the Republic of Indonesia, targets startups and innovators in the healthcare space to advance healthcare quality through innovation in healthtech and biotech in Indonesia.

First white paper “Genomics: Leapfrogging into the Indonesian healthcare future” launched

This white paper is presented by East Ventures in collaboration with the Ministry of Health of the Republic of Indonesia and Redseer Strategy Consultants to provide a comprehensive understanding of how genomics can improve the healthcare system in Indonesia.

Named one of Fortune Indonesia’s Change the World

The list showcases companies operating in Indonesia that bring positive impact and innovative solutions to the Indonesian market, environment, and beyond.

IDPB Maju Terus Pantang Mundur

East Ventures launched the fourth initiative of Indonesia PASTI BISA, namely Maju Terus Pantang Mundur (Keep Moving Forward, Never Give Up) or IDPB MTPM. It is a collaborative project responding to rampant employee layoffs, especially in the tech ecosystem.

Named as the Outstanding Ecosystem Leader: Venture Visionaries of the ORIGIN Innovation Awards 2022

East Ventures was awarded by TechNode Global, as one of the VC firms that applies ESG practices in its core business while ensuring its investments and operations drive positive impact.

Listed as the most active venture capital firm

East Ventures was named as one of the most active VCs by notable institutions, including Pitchbook (3rd Most Active in RoW), CB Insights (4th Top Global Investor in Q4 2022 and 1st Top Asia Investor in Q4 2022), and Tech in Asia (1st Most Active in SEA).

MoU signing with KADIN Net Zero Hub and WRI Indonesia

The MoU between East Ventures, Indonesia Chamber of Commerce and Industry (KADIN) Net Zero Hub, and World Resources Institute (WRI) Indonesia signifies the strategic partnership and collaboration in advancing commitment towards net-zero targets. It commenced on 11 November 2022 at the Indonesia Net Zero Summit 2022, a sideline event of B20 Indonesia.

East Ventures Summit 2022

The inaugural summit held by East Ventures on 20-21 July 2022 in Bali, Indonesia. With a theme of “Navigating Crisis: Balancing Innovation and Resilience”, East Ventures Summit 2022 gathered the EV family, from LPs, startup founders, and EV team to enjoy the welcoming dinner, first offline Annual General Meeting (AGM) after 3 years, panel discussions, Pitching by the Sea, and gala dinner.

Titling sponsor of East Ventures Indonesia Open 2022

This marked East Ventures first involvement in the country’s most prestigious badminton tournament since 1982, to support the enthusiasm and development of badminton sports achievements in Indonesia.

Multi-stage funds raised

The funds raised were allocated for Seed and Growth-stage investments in startups focusing on the Indonesian market.

Inaugural East Ventures Sustainability Report launched

East Ventures released its first Sustainability Report which lines out robust progress and a range of initiatives among the firm and its ecosystem in engaging the ESG Frameworks.

Signatory of the Principles for Responsible Investment

East Ventures became the first VC firm in Indonesia to become an official signatory of the PRI supported by the UN, as part of its commitment to responsible and sustainable investment.

East Ventures – Digital Competitiveness Index 2022 launched

The third EV-DCI dissected the nation’s ability to overcome the pandemic crisis combined with high digital adoption that brings Indonesia towards its golden digital era.

East Ventures sponsors two major Indonesia surfing tournaments

East Ventures supports two surfing tournaments in Bali, the Vans Bali Pro presented by East Ventures and the Liga Surfing Indonesia 2021 Grand Final, which take place at Bali’s most well-known beach destination of Halfways, Kuta Beach, Bali.


Carro, Singapore-based online automotive marketplace, became unicorn in June 2021, followed by Xendit, Indonesia-based payment gateway company as the first B2B payment unicorn.

IDPB Safeguards Oxygen

The soaring number of COVID-19 cases in Indonesia has resulted in the oxygen supply shortage. East Ventures successfully raised US$ 1,213,354 from 790 individual and corporate donors to bring in 1,450 oxygen concentrators to hospitals in Indonesia. It exceeded the donation target (121.34% of US$ 1 million target) within 10 days.

East Ventures – Digital Competitiveness Index 2021 launched

The second EV-DCI identified the rapid increase of digital adoption accelerated by the pandemic across Indonesia’s 34 provinces and 25 major cities.

East Ventures takes leadership on EV Growth Fund

The change of leadership results in restructuring the co-GP structure of EV Growth. Roderick Purwana is appointed as a Managing Partner of East Ventures. The EV Growth team members and part of the SMDV team will join East Ventures.

IDPB Safeguards PPE

East Ventures and its partners distributed personal protective equipment (PPE) to Indonesian health workers. Using e-commerce technology, we made the procurement of PPE units easier and more seamless. Health-workers could request PPEs from anywhere, while donors could provide PPEs to where it is most needed.

IDPB Test Kit

East Ventures raised funds from players in Indonesia’s digital ecosystem for the development and production of 100,020 local test kits from Nusantics and the state pharmaceutical firm, Bio Farma.

Indonesia PASTI BISA (IDPB) launched

In response to the COVID-19 pandemic, East Ventures formed IDPB: a platform to mobilize all the strengths of the firm’s digital ecosystem to support government and the private sectors’ efforts in tackling the COVID-19 outbreak in Indonesia. By repurposing our capabilities, we joined together to fight against the COVID-19 pandemic.

First East Ventures – Digital Competitiveness Index launched

East Ventures launched its inaugural EV-DCI, a report that maps out the digital economic growth of the 34 provinces and 24 big cities across Indonesia.

Fund 8 raised

The new seed fund was allocated to digital companies emerging in the post-lockdown aftermath of the COVID-19 pandemic.

Fund recognition

East Ventures was named as one of the “Most Consistent Top Performing Venture Capital Fund Managers” in the world by Preqin.

10th anniversary

East Ventures celebrated its 10th Anniversary with our LP and founders, sharing the milestones achieved in the past decade.

Fund 6 raised

East Ventures raised US$ 75 million, exceeding more than double the firm’s initial US$ 30 million target.

EV Growth was launched

East Ventures, SMDV, and Yahoo! Japan Capital launched a growth fund, namely EV Growth, for investment in Series B and above in Southeast Asia. EV Growth hit the hard cap of its first fund at US$250 Million, exceeding the firm’s initial US$150 Million target.

Exits and unicorns

Redmart is acquired by Lazada, Loket is acquired by Gojek, and Kudo is acquired by Grab. Tokopedia and Traveloka became a unicorn.

Fund 5 raised

East Ventures raised U$ 27.5 million to be invested in early-stage tech startups in Southeast Asia.

EV Hive was established

We launched a coworking space called EV Hive, to provide the founders a space to work and share their knowledge.

Fund 3 raised

East Ventures raised its third fund and changed hypotheses. E-commerce could be accelerated by the rural areas. Started to invest in SME Solution, O2O, E-Commerce Services, and education startup: Ruangguru.

Investment: Traveloka

Willson met the founders, Ferry Unardi and Derianto Kusuma, when Ferry planned to drop out of Harvard Business School.

Accelerator program

East Ventures held a 100-day startup accelerator program.

First exit: Disdus

East Ventures got its first exit after selling a company called Disdus to Groupon.

First investment: Tokopedia

The partners met with William Tanuwijaya and shared the same vision of economic inclusion by digital technology in Indonesia. The deal for Tokopedia was closed after 3 meetings, in under 28 hours.

East Ventures was founded

The founding partners decided to build East Ventures in Indonesia as they see the potential in the country. At that time, the internet users in Indonesia was only 30 million, 13% of the total population.