Appointed as a new partner of SEEDS Capital
SEEDS Capital appointed East Ventures as its new partner to co-invest in innovative Singapore-based deep tech startups with an allocated investment of S$300 million.
First-ever secondary transaction announced
Led by a global secondary firm, Coller Capital, East Ventures offered the EV5 LPs liquidity, bringing the total DPI of the Fund to approx. 2.0x.
15 years of journey
Over the past 15 years, East Ventures has transformed into a holistic platform that provides multi-stage investment, from Seed to Growth stage investments, for more than 300 tech companies across Southeast Asia.
Beyond the obvious: The largest East Ventures Summit
We hosted the largest East Ventures Summit to date, where we brought 6 stages, 40 sessions, and 100+ speakers, all in one day. The Summit featured policymakers, leading investors, industry experts, and the brightest startup founders of the East Ventures ecosystem.
Granted the ESG Award: Best Investor on Impact Investment by KEHATI
This recognition serves as our testament to investing responsibly and implementing ESG framework within our ecosystem operations.
ECOVISEA was launched in collab with KADIN Indonesia
The Emission Calculator & Visualization Southeast Asia (ECOVISEA) is a free web-based global greenhouse gas (GHG) calculator that helps companies calculate and measure their environmental impact.
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.
Unicorns
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 48 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.