East Ventures News

‘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.

November 17th, 2021|East Ventures|

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.

November 16th, 2021|East Ventures, Saladstop! Group|

‘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.

November 3rd, 2021|East Ventures|

‘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.

October 27th, 2021|East Ventures|

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.

October 21st, 2021|East Ventures, Komunal|

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.

October 19th, 2021|East Ventures, Geniebook|

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.

October 13th, 2021|East Ventures|

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.

October 12th, 2021|East Ventures, Nalagenetics, RuangGuru|

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.

October 7th, 2021|East Ventures, Qapita|

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.

October 5th, 2021|East Ventures, Jojonomic|

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.

September 24th, 2021|East Ventures, T-Lab|

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.

September 22nd, 2021|East Ventures, Komunal|

‘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.

September 21st, 2021|East Ventures|