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.
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.
Fraction raises US$3 million led by East Ventures to democratize investments by turning real estate and more into fractional NFTs
Fraction, a Hong Kong and Bangkok based fintech startup, announced that it has secured US$3 million in a pre-series A round led by East Ventures, with participation from Emtek Group (Grab, Bukalapak), Thakral Limited, V Ventures and a group of regional investors.
KoinWorks raises $108m in series C, plans to empower local SMEs
KoinWorks, an Indonesian financial technology (fintech) start-up, has announced that it had raised US$108 million (Rp 1.6 trillion) in a series C funding round.
Xurya receives US$ 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$21.5 million or equivalent to Rp 308 billion. This series A funding round was led by a venture capital firm, East Ventures (Growth fund), and PT Saratoga Investama Sedaya Tbk. (Saratoga) with the returning participation of existing investors Schneider Electric and New Energy Nexus Indonesia.
East Ventures 2021 recap: 80+ deals made across SEA’s fastest growing sectors, aiming for sector diversification in 2022
Welcoming the new year of 2022, East Ventures is taking this opportunity to look back and reflect on the year 2021. Just like the rest of the world, the COVID-19 pandemic has also severely impacted our ecosystem—not only Indonesia, but it also took a heavy toll on Singapore and other SEA countries as well.
East Ventures welcomes seasoned investor Avina Sugiarto as its new Venture Partner
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 200 companies in Southeast Asia, announced Avina Sugiarto as a Venture Partner at the firm. Avina will leverage her extensive experiences to invest in growth-stage technology companies and further drive sustainability and integration of ESG practices in East ventures’ investments.
Singapore-based healthtech startup Smarter Health raises S$ 5.15 million to transform healthcare in the region
Smarter Health, a Singapore-based healthtech startup, announced that it has secured S$ 5.15 million in series A funding led by East Ventures. The funds will be used primarily for product development and market expansion in Southeast Asia.
Indonesia-based Praktis raises pre-series A funding from East Ventures
Praktis (previously known as PTS.sc), a data-powered supply chain solution for DTC (direct to consumer) brands, announced that it has secured an undisclosed amount of pre-series A funding round led by East Ventures with participation from Triputra Group.
Desty raises US$ 5 million in an extended pre-series A round from East Ventures
Desty, an Indonesia-based E-Commerce solution platform startup, announced that it has secured US$ 5 million of extended pre-series A round led by East Ventures (Growth fund) with participation from Jungle Ventures and returning investors Fosun RZ and January Capital.
‘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.