‘ESG is today’s investing paradigm’: Melisa Irene
As an early believer of Indonesia’s startup ecosystem, East Ventures is very enthusiastic in investing in early-stage startups. We have been in the startup scene for over 12 years, and we did not only invest in certain, specific sectors but we have been sector-agnostic, as long as that sector has a promising and potential market size.
SaladStop! Group, Asia’s first and largest healthy food chain, closes financing round with Temasek, DSG, Vulcan, K3 and East Ventures
SaladStop! Group, the first and largest healthy food chain in Asia, today announced the closing of a SGD12 million series B investment round, featuring some of the most prominent investors in the region. The round, which was oversubscribed, was led by Temasek with participation from new investors Vulcan Capital, K3 Ventures, and East Ventures. Existing investor DSG Consumer Partners also participated in the round.
Singapore-based TreeDots secures US$ 11M series A investment led by East Ventures and Amasia
TreeDots, Asia’s first vertically integrated food supply chain ecosystem, announced today that it has successfully closed an oversubscribed US$11 million Series A fundraise. The round was co-led by East Ventures and Amasia.
DTC Startup Kasual raises seed funding from East Ventures, pioneering instant commerce in Indonesia
Kasual, Indonesia’s first-mover in fully personalized direct to consumer (DTC) instant commerce for daywear with a current focus on men’s pants, announced that it has secured an undisclosed amount of seed funding from East Ventures, with participation from other investors
UAE startups have immense opportunity to carve out success
Jakarta’s venture capital poster boy Willson Cuaca is in town and yes he is taking a serious look at the UAE startup ecosystem. The co-founder and managing partner of East Ventures is on a visit with a high-level delegation.
‘It’s time to believe in the nation’s capability’: Willson Cuaca
The pandemic is not only a crisis, but also a situation that accelerates the growth of the digital economy. Co-Founder and Managing Partner of East Ventures, a sector-agnostic venture capital firm that has supported startups in Southeast Asia and Japan, Willson Cuaca told Kompas, Monday (8/16/2021). Since the very beginning, he has had faith in the capabilities of our own nation. This faith is what brings their investments and portfolio startups success.
‘What it takes to be Indonesia’s next unicorn’: David Fernando Audy
Maintaining a successful and sustainable business is not only about having the brightest ideas nor having the largest amount of capital. It is also about execution, building the right team and giving the right solutions. However, above all, there are four pivotal pillars that startup companies must have as their strengths in order to transform into unicorns.
Komunal expands Indonesia’s financial inclusion through digitalization in government and MSMEs ecosystems
Today, the adoption of the digital economy has increased tremendously outside Jakarta. Despite that, there is still a wide financial gap in Indonesia. This situation called for Hendry and his peers, Kendrick Winoto and Rico Tedyono to give birth to Komunal in 2018 with one vision in mind: to accelerate the country’s financial inclusion by eliminating the aforementioned gap.
Leading Singapore EdTech startup Geniebook raises US$16.6 million in Series A funding Round led by East Ventures and Lightspeed; to scale team with strategic new hires
Geniebook, Singapore’s largest online learning platform for the English, Mathematics and Science (EMS) syllabus, has secured US$16.6 million in a Series A funding round which was led by East Ventures (Growth fund), Lightspeed Venture Partners, several prominent angel investors, as well as senior executives from some of Southeast Asia’s most influential companies like Grab, Shopee and Gojek.
3 ways of becoming exceptional founders and quality startups
In a valuable session of the KOMPASFEST NAVIGATE event on 20 August 2021, Melisa Irene, partner of East Ventures, Brian Marshal, CEO and Founder of SIRCLO, and Mulyono Xu, CEO and Co-Founder of Desty, shared the three things they find pivotal.
Society’s online behavior enhances Indonesia’s digital economy investments
During Gambir Trade Talk #3: “Digital Economy Transformation: Indonesia’s Readiness”, held by the Indonesian Ministry of Trade on October 12, 2021, Willson Cuaca, Co-Founder and Managing Partner of East Ventures said that society’s change of behavior during the pandemic has accelerated digital adoption and increased the amount of digital investments in Indonesia.
East Ventures-backed companies, Nalagenetics and Ruangguru, crowned as Top Startup in the G20 Innovation League 2021
Indonesian healthtech company focusing on personalized screening and intervention Nalagenetics and the leading edtech company in Southeast Asia Ruangguru have been chosen as the Top 10 startup in the G20 Innovation League 2021, an international forum held at Sorrento, Italy, on October 9-10, 2021.
East Ventures co-leads series A funding round of US$ 15 million for Singapore-based Qapita
Singapore-based Qapita, provider of equity management SaaS solutions today announced it has raised a Series A round of US$ 15 million (approximately 213 billion rupiah). This round is co-led by Indonesia-based East Ventures (Growth Fund) and Vulcan Capital, with participation from NYCA and other existing investors including MassMutual Ventures, Endiya Partners. Several existing angel investors including Alto Partners, Partners of the Northstar Group and K3 Ventures invested in this round. This round will see Qapita expand its operations in Indonesia.
Jojonomic amplifies enterprises’ efficiency through digitizing manual processes
Indrasto Budisantoso, CEO and Co-Founder of Jojonomic, believes that an exceptional startup founder is one who recalls and transforms pain points occurring in the society into an all around platform that caters to solving matters of a specific field. Having spent a good portion of his career as a management consultant at an international firm that required him to travel extensively and often, Indrasto found himself drowning in the tedious and repetitive process of having to do reimbursements manually.
Regional logistics platform Luwjistik raises US$ 1.1 million in seed funding round led by East Ventures
Luwjistik, a Singapore-based startup specializing in e-commerce logistics integration, has secured US$ 1.1 million (approximately IDR 15 billion) in a seed round led by East Ventures, with participation from MDI-Finch’s Arise and Global Founders Capital.
Chinese language learning startup T-Lab raises US$ 1.6 million in seed funding round led by East Ventures, targeting mainly the US and SEA market
T-Lab, an edtech company providing Chinese language learning targeting mainly the United States and Southeast Asia, announced earlier today that it has secured US$ 1.6 million of seed funding. The funding round is led by East Ventures with participation from K3 Ventures, Blue Elephant Capital, and Plug & Play. The fresh capital will be used to strengthen T-Lab’s research and development (R&D) division and enhance the curriculum for providing high-quality Chinese educational resources.
Indonesia’s fintech company Komunal raises US$ 2.1 million of series A funding led by East Ventures, further promoting the country’s financial inclusion
Komunal, Indonesia’s first fintech company to offer Neo-rural bank services locally, announced earlier today that it has secured US$ 2.1 million (approximately IDR 30 billion) in the Series A funding round. The investment is led by East Ventures with participation from Skystar Capital. Both investors also backed Komunal in the seed funding round. The fresh capital will accelerate Komunal’s mission to boost financial inclusion in Indonesia by enhancing its latest product DepositoBPR.
‘A solid and integrated digital ecosystem is what jumpstarts Indonesia’s digital economy’: Willson Cuaca
Here is one riveting fact about our treasured country, Indonesia: it is the world’s largest archipelago consisting of 17,508 islands. Out of 600 million of Southeast Asia’s population, 270 million inhabit Indonesia. What is more, US$ 1.1 trillion out of US$ 2.1 trillion of Southeast Asia’s economy is located in Indonesia. That being said, Indonesia is the largest and most homogeneous market in the subregion with profuse economic potentials. The abundant islands dotting the country also signify the many inefficiencies to address and overcome. The vast market with overflowing problems that entail was the reason why East Ventures came to life. As long as problems are consistently lurking around us, it is imperative that we bring solutions and innovations to the table.
Asumsi announced US$ 700,000 of funding from East Ventures
Asumsi, a multi-platform digital media company, announced earlier today that it has secured US$ 700,000 (approximately IDR 9.9 billion) of funding from East Ventures. The investment aims to further expand Asumsi’s media operation and escalate the engineering team to create a more interactive platform.
McEasy, smart logistics tracking and management startup, secured US$1.5 million of seed funding from East Ventures
a startup providing SaaS (Software-as-a-Service) digital solutions for logistics vehicle management and tracking, announced an US$1.5 million (approximately IDR 22 billion) seed funding round from East Ventures earlier today.
SIRCLO announces US$36 million funding led by East Ventures and Saratoga
E-commerce company SIRCLO today announces its funding round worth US$36 million (approximately IDR 515 billion), which was led by East Ventures (Growth Fund) and PT Saratoga Investama Sedaya Tbk. (Saratoga), with participation from Traveloka, Sinar Mas Land, as well as other investors.
Legit Group raises US$ 3 million in seed series funding amidst pandemic led by East Ventures
Ismaya-backed cloud kitchen company, Legit Group, has raised US$3 million (IDR 43 billion) of seed funding led by East Ventures with participation from AC Ventures.
Pasarnow, multi-channel e-groceries platform, raised USD 3.3 million seed funding led by East Ventures
Pasarnow, Indonesia-based multi-channel e-groceries platform, announced earlier today that it has secured a USD 3.3 million seed funding led by East Ventures.
Hacktiv8 minimizes talent gap through an ecosystem of mindful and empathetic developers
Hacktiv8 minimizes talent gap through an ecosystem of mindful and empathetic developers
Mindtera, a personal growth learning platform, raised seed funding led by East Ventures
A personal growth learning platform Mindtera raised seed funding led by East Ventures