East Ventures launched the extended version of East Ventures – Digital Competitiveness Index 2022 with in-depth findings of 157 cities/regencies in Indonesia
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, has launched the extended version of East Ventures - Digital Competitiveness Index (EV-DCI) 2022. This extended report is part of EV-DCI 2022 which was launched earlier in March 2022, and it provides in-depth information on the digital competitiveness among 157 cities/regencies in Indonesia.
How venture capital is creating an inclusive and sustainable future for Southeast Asia
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, recently launched its inaugural report named East Ventures - Sustainability Report 2022. This report outlines the robust progress and range of initiatives among the firm and its ecosystem, as well as the sustainable investment framework towards sustainability.
MySkill, Indonesia-based career preparation edtech startup, secured seed funding from East Ventures
MySkill, an education technology (edtech) startup with the focus of career preparation for the youth, announced that it has secured an undisclosed amount of seed funding from East Ventures, the leading sector-agnostic venture capital firm in Indonesia and Southeast Asia.
Ruangguru advances education access in Indonesia by leveraging technology
Belva Devara and Iman Usman, Co-founders of Ruangguru, have both experienced the challenges of Indonesian education firsthand. Both of them originated from humble backgrounds and statistically speaking, access to higher education seemed improbable to them. Especially when quality education is still considered a privilege in the country.
Sinar Mas Land partners East Ventures, others to launch smart city fund
Indonesian property developer Sinar Mas Land has teamed up with East Ventures, Redbadge Pacific and Prasetia Dwidharma to set up a fund that will invest in startups developing smart city solutions, according to a press release.
A sustainable education and curriculum improvement: key drivers of digital-skilled workforces in Indonesia, a survey of EV-DCI
The improvement of education and curriculum has become a key to driving the quality of digital human resources in Indonesia. The finding was based on the Companies Perception to Indonesia’s digital Competitiveness survey contained in the East Ventures-Digital Competitiveness Index (EV-DCI) 2022 report. The survey was conducted on 71 startups in Indonesia, small, medium, and large (corporates).
East Ventures raised US$ 550 million multi-stage fund to focus on the Indonesia and Southeast Asia startups
East Ventures, a pioneering and leading Indonesia-focused venture capital firm, has raised a total of US$ 550 million in the final close of its latest funds.
How ALAMI drives sustainable Islamic finance in Indonesia
Being part of the sharia market in Indonesia might be an advantage for some sharia-financing products and fintech platforms. With the rise of awareness for sharia products & services and the growth of the Islamic finance industry, the sharia-based platforms have an enormous opportunity to seize Indonesia's market.
Invest in Our Planet: Here are East Ventures’ environmental agents to save the Earth
The world celebrates Earth Day every 22 April. Earth day is an event to raise public awareness regarding environmental protection and also a time for us to reflect on what kind of contributions we have given to our mother's nature.
East Ventures launches its inaugural Sustainability Report 2022
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, today launched its inaugural report named East Ventures - Sustainability Report 2022. This report lines out robust progress and a range of initiatives among the firm and its ecosystem in engaging the Environmental, Social, and Governance (ESG) frameworks and practices in achieving a more sustainable and inclusive future.
Rising biotech innovations to address Indonesia’s healthcare problems
With an over 270 million population, Indonesia remains an emerging medical market, supported by the surge of healthcare awareness demanded by the rising middle-income community. However, the country has faced chronic problems as the pandemic unveils shortcomings and an elevated sense of urgency to develop a more resilient healthcare system and innovations.
The Parentinc, SEA’s #1 parent-tech company, raises US$ 22 million in series D funding round led by East Ventures
The Parentinc, a fast-growing tech company headquartered in Singapore, today announces that it has successfully closed a US$22M round. The round comprised a mixture of primary and secondary investment alongside venture debt. The funding round was led by East Ventures as well as other undisclosed investors.
East Ventures appoints Koh Wai Kit as Managing Partner, alongside several promotions of members of the EV Team
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, announced the appointment of Koh Wai Kit as its new Managing Partner of East Ventures. In his new role, Koh Wai Kit will be responsible for further building on East Ventures’ leadership position in Indonesia and Southeast Asia region.
How women-led tech startups create gender equality in the workplace
The awareness of gender equality and diversity in the workplace has emerged worldwide, including in Southeast Asia's work sphere. Many Southeast Asia companies realize the importance of gender diversification and equality but still figure out how to address those issues in the workplace.
JiPay raised US$ 1.3 million of Seed funding led by East Ventures
JiPay, a Singapore-based fintech startup creating an inclusive financial services platform for migrant domestic workers, announced that it has secured US$ 1.3 million in Seed funding. This round of funding was led by East Ventures, with participation from SHL Capital as well as strategic angels including the Manila Angel Network and Shivaas Gulati (Co-Founder of Remitly).
TipTip, a one-stop platform for content creators, raised US$ 10 million in seed funding led by East Ventures
TipTip, a one-stop platform for content creators across Southeast Asia, today announced that it has secured US$ 10 million in the seed funding round, marking one of the biggest seed rounds ever. This funding was led by East Ventures, with the participation from Vertex, EMTEK, SMDV, and prominent family offices.
The promising rise of mental health startups in Indonesia
The urgency for innovation and access in the mental health vertical has never been more pivotal. On a macro level, there has been a global shift in consumer demand for quality health and wellness services and a significant lift in education and affluence in Southeast Asia, presenting a promising context for this industry.
‘Is ESG a FOMO or here to stay?’: Avina Sugiarto
In the past years, the Environmental, Social, and Governance (ESG) factors have increasingly become top of mind for companies, investors, and policy-makers globally. Investors and corporations are joining the commitment to assessing non-financial aspects as part of business strategy, operations, reporting, and risk management. Further, many companies prepare a separate sustainability report, in addition to an annual report, and pledge to reach net-zero emission in the foreseeable future.
Building the ecosystem of gender equality for the sustainable future
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, has again presented its signature women-centered forum: Women with Impact Forum, as part of the celebration of International Women’s Day on 8 March 2022. This virtual forum discussed “Women as Active Agents for Sustainable Development” with five key speakers from different industries, such as venture capital, tech startups, and social enterprises.
wagely nets additional US$ 8.3 million in oversubscribed pre-series A funding
wagely, Asia’s fastest-growing financial wellness platform has raised $8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their earned salaries on demand in Indonesia and Bangladesh. The funding comes in just seven months after securing its seed funding.
East Ventures becomes Indonesia’s first venture capital firm to sign UN Principles for Responsible Investment
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, has officially become a UN Principles for Responsible Investment (UN PRI) signatory as part of its commitment to creating responsible and sustainable investment and ownership decisions.
The role of fintech in closing the financial gap in Indonesia
In recent years, Indonesia's digital financial services have experienced a boom as COVID-19 became the unexpected catalyst that accelerates digital transformation and technology adoption. The immense adoption of digital financial services is driven by several key factors, including growth in mobile internet penetration, the rise of digital merchants, and accelerating consumers' adoption.
Mighty Jaxx raises US$ 20 million in series A+ funding led by East Ventures
Mighty Jaxx, an award-winning future culture company that designs and produces phygital collectibles, announced the first close of US$20 million in their oversubscribed Series A+ funding round, pushing the company’s valuation to over US$200 million.
Being working moms: balancing motherhood and career
The first session of East Ventures' initial Women with Impact Forum on 16 February 2022, invited East Ventures’ Venture Partner, Avina Sugiarto; Mindtera’s Co-Founder and CEO, Tita Ardiati; and Nusantics’ Co-Founder and CEO, Sharlini Eriza Putri. It is moderated by East Ventures’ Senior Investment Associate, Stacy Oentoro.
East Ventures, collaborates with Katadata and PwC Indonesia, released East Ventures – Digital Competitiveness Index 2022 Report
East Ventures, a pioneering sector-agnostic venture capital firm of investment in technology startups and the most active in Indonesia, together with Katadata Insight Center and PwC Indonesia launched the East Ventures - Digital Competitiveness Index 2022 (EV-DCI 2022).