East Ventures News

Receiving investment led by East Ventures, mental health startup Riliv maximizes services to help face the pandemic and new normal

Mental health service startup Riliv announced that it has received seed round funding led by East Ventures. Other investors, such as Benson Capital, Sankalpa Ventures, Teja Ventures, Telkom Indonesia through Indigo Acceleration program, and Angel Investor Shweta Shrivastava also participated in this funding round to jointly develop the mental health industry in Indonesia.

January 21st, 2022|East Ventures, Riliv|

StaffAny raises US$ 3.4 million in series A funding

Workforce management solution start-up, StaffAny, today announced that it has raised US$3.4 million in its Series A funding round. This investment was led by GGV Capital, with participation from East Ventures, FreakOut Shinsei Fund, Far East Ventures, Farquhar Venture Capital and prolific business angels such as Allen Shim, the former CFO of Slack.

January 20th, 2022|East Ventures, StaffAny|

Xurya receives US$ 21.5 million series A funding from investors led by East Ventures and Saratoga

Xurya, a renewable energy startup with a focus on Rooftop Solar Power Plant rental in Indonesia, announced series A funding of US$21.5 million or equivalent to Rp 308 billion. This series A funding round was led by a venture capital firm, East Ventures (Growth fund), and PT Saratoga Investama Sedaya Tbk. (Saratoga) with the returning participation of existing investors Schneider Electric and New Energy Nexus Indonesia.

January 13th, 2022|East Ventures, Xurya|

East Ventures 2021 recap: 80+ deals made across SEA’s fastest growing sectors, aiming for sector diversification in 2022

Welcoming the new year of 2022, East Ventures is taking this opportunity to look back and reflect on the year 2021. Just like the rest of the world, the COVID-19 pandemic has also severely impacted our ecosystem—not only Indonesia, but it also took a heavy toll on Singapore and other SEA countries as well.

January 12th, 2022|East Ventures|

East Ventures welcomes seasoned investor Avina Sugiarto as its new Venture Partner

East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 200 companies in Southeast Asia, announced Avina Sugiarto as a Venture Partner at the firm. Avina will leverage her extensive experiences to invest in growth-stage technology companies and further drive sustainability and integration of ESG practices in East ventures’ investments.

January 4th, 2022|East Ventures|

‘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|