BukuWarung raised seed funding led by East Ventures
BukuWarung raised seed funding led by East Ventures, to empower 60 million MSMEs in Indonesia 8 April 2020 JAKARTA, 7 April 2020 — BukuWarung, an accounting app for MSMEs to digitise their bookkeeping, has raised [...]
Indonesia PASTI BISA disbursed IDR 5 billion
Indonesia PASTI BISA disbursed IDR 5 billion to procure raw materials for the production of 50.000 COVID-19 qPCR test kit 7 April 2020 JAKARTA, April 7, 2020 — Indonesia PASTI BISA, a collaborative movement initiated [...]
Nusantics completed a COVID-19 qPCR test kit design prototype
Nusantics completed a COVID-19 qPCR test kit design prototype 4 April 2020 JAKARTA, 4 April 2020 – Nusantics has finished a design prototype of qPCR diagnostic that can specifically detect SARS-CoV-2 virus. The design process [...]
East Ventures supporting development of COVID-19 test kits
East Ventures initiates Indonesia Pasti Bisa, supporting development and production of 100,000 COVID-19 test kits 27th March 2020 JAKARTA, 27th March 2020 — Since the finding of the first two cases of COVID-19 in early [...]
Nusantics raised seed funding from East Ventures
Nusantics is a technology company that focuses on applying advancements in genomics and microbiome research to fulfill consumer needs of a healthy yet sustainable lifestyle.
Greenly Secured Seed Funding Led by East Ventures
Greenly is a Surabaya-based F&B fast-casual retail chain startup that serves healthy food and beverage.
East Ventures Founder Listed in Forbes 30 Under 30
East Ventures’ 6 Inspiring Entrepreneurs Listed in Forbes Indonesia's 30 Under 30 11 February 2020 Forbes 30 Under 30 is a set of lists issued annually by Forbes magazines that recognise business and industry figures, [...]
East Ventures Welcomes Former Indonesian Cabinet Member as Venture Advisor
Recently appointed as the President Commissioner of Garuda Indonesia, Triawan Munaf is a seasoned politician and entrepreneur with over 30 years of experience in Indonesia’s creative industry. In 2015, Triawan was appointed by Indonesian President Joko Widodo as the Head of Indonesian Creative Economy Agency (Bekraf) to lead the newly established ministerial-level agency.
East Ventures Digital Competitiveness Index 2020: Uncovering The Opportunities of Indonesia’s Digital Economy and Bridging the Archipelago Digital Divide
East Ventures Digital Competitiveness Index (EV-DCI) serves as a tool to map the digital economic conditions in all parts of Indonesia. The mapping this report presents was East Ventures' contribution in bringing the entire country together to enjoy the digital revolution as we do not want to leave anyone behind.
Moladin Raises Pre-Series A Round Led by East Ventures
Founded in 2017, Moladin starts by providing a platform for Indonesian consumers to purchase new motorbikes without hassle. Their platform allows customers to transact and complete their purchase in one platform, getting information about motorcycles and bikes, provides an online directory for bikers to find the nearest servicing workshop, and communities to exchange reviews on spare parts and apparels.
Hacktiv8 raises US$3 Million Pre-Series A led by East Ventures
Hacktiv8 provides a solution to turn absolute beginners into job-ready web developers in 12 intensive weeks. The company claims to have close to 8,000 applicants, but only a portion able to be admitted as they put forward quality. The “Bootcamp” model of the program also forces students to spend upwards of 10 to 12-hour days, 5-6 days a week, for 12-18 weeks, leaving only the best could graduate the program.
Waresix Ups Series A Total to US$25.5 Million As It Grew More Than 30x in 2019 and Profitable
The US$11 million extensions come only less than 6 months after the announcement of it's latest US$14.5 million Series A round led by EV Growth in July 2019, bringing its total capital raised to more than US$27.1 million in equity in the last 18 months.
Homage Raises Series B Funding Led by EV Growth
Launched in 2017, Homage delivers personalized and holistic care to individuals, families, and organizations to enable wellness and recovery, be it at home, point-to-point (for medical tourism or escort and transportation), or care within the health and aged care facilities.
EV Growth Closes US$250 Million Fund
EV Growth, a Singapore headquartered venture capital firm, has hit the hard cap of its first fund at US$250 Million, exceeding the firm’s initial US$150 Million target. This milestone is the result of the firm’s admission of new Limited Partners (LPs) which include several Asian based family offices and two of Asia’s largest sovereign wealth funds, including Temasek.
Komunal Raised Seed Funding Led by East Ventures
Komunal was born when Hendry Lieviant with his two friends, Rico Tedyono and Kendrick Winoto, realized the huge credit gap that Indonesia faced in early 2018.
How Ruangguru and Sociolla Can Reach Their Inflection Point?
In a panel at East Ventures’ 10th Anniversary event, founders of Ruangguru & Sociolla shared how they built their startups and hit inflection point.
Southeast Asia’s Digital Economy Grows Really Fast But With a Caveat
According to Chng Kai Fong, the biggest challenge faced by the digital economy ecosystem in Southeast Asia is the lack of talents.
How to Build Unicorn Startups: Lessons from Tokopedia and Traveloka
The biggest challenge for unicorn startups is how to align the company's vision among talents and how the company can continue to evolve.
The Art of Investing in SEA’s Fastest-Growing Internet Economy
"There is a lot of gut feeling, but at the same time, you can sense it. Investing is indeed an art, it’s not really a science," Willson said.
East Ventures’ First LP Talks Importance of Getting the Right Support
Mr. Franky’s (East Ventures' first LP) first encounter with East Ventures happened when he had a chance to visit its Japan office in 2012.
How the Indonesian Government Support Digital Economy Industry?
Mr. Rudiantara said that the key to the development of digital economy in Indonesia is the shift of government’s role from the regulator to the facilitator.
3 Things That Indonesian VCs and Startups Need to Have in Mind
Mr. Thomas Lembong also recalled how he met Willson Cuaca for the first time when he was still a VC eight or nine years ago.
Coordinating Minister for Investments Luhut Pandjaitan: Indonesian Economy Perform Better
According to Mr. Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs and Investments, Indonesian economy is showing a positive trend.
East Ventures’ 10 Years Journey – Our Story
Right now, East Ventures has invested in 160 companies with their SEA fund, and their portfolios have created a huge ecosystem in Indonesia.
StickEarn Raises $5.5m from East Ventures and SMDV to Take Its Vehicle Ads to New Places
StickEarn provides a range of measurable advertising solutions for transport (car and motorcycle) as well as for indoor and outdoor settings.