News2022-03-16T14:44:58+07:00

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East Ventures News

More Indonesian companies installing rooftop solar panels

More Indonesian companies such as apparel manufacturer Pan Brothers are banking on the sun in their march towards sustainability. In January, three factories of Pan Brothers in Boyolali regency, Central Java, began operating rooftop solar panels that can generate 1,800 kilowatt peak (kwp), the rate at which they generate energy at peak performance such as on a sunny day in the afternoon.

March 4th, 2022|East Ventures, From Portfolios, Xurya|

Sustainable food production by compression of fishery’s fragmented supply chain in Indonesia: East Ventures’ thesis on local agritech, Aruna

With over 23 million tons of annual seafood production, Indonesia is second only to China in the global seafood market. The fishery sector generates approximately US$ 4.1 billion in annual export earnings, empowers more than 7 million jobs, and contributes 50% of Indonesia's animal-based dietary protein.

February 23rd, 2022|aruna, East Ventures, Investment Insights|

East Ventures presents its first women-centered forum, Women with Impact Forum

East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, today presented its first women-centered forum, named Women with Impact Forum. The forum provided the participants with three main sessions featuring several top key panelists from East Ventures and tech startup leaders. They shared their views and experiences towards women-related issues.

February 18th, 2022|East Ventures|

How leaders deliver the passion of workers, even in the time of crisis: the leadership tips from CEOs of CoHive and Base

As a leader in the company, you probably want all employees to have the same frequency and passion as yours to achieve the same goal. However, it might be a challenge as the company gets bigger and faces a crisis. Yaumi Fauziah Sugiharta, Co-Founder and CEO of Base, and Christopher Angkasa, CEO of CoHive, share their experiences.

February 15th, 2022|Base, Base Indonesia, CoHive, East Ventures|

Why quality growth is vital for startup success

GGV Capital’s global managing partner Jixun Foo and vice president Dimitra Taslim recently joined an online Q&A session with a group of founders from East Ventures portfolio companies. Willson Cuaca, co-founder and managing partner of East Ventures, hosted the discussion covering various startup growth and fundraising topics.

February 11th, 2022|East Ventures|

Fuse insurtech achieved 2021 target by closing more than US$ 105 million in terms of GWP

Insurtech company Fuse announced an impressive 2021 performance with Gross Written Premium (GWP) of policies utilizing the Fuse platform exceeding US$ 105 million. This represents more than 2% of the market share in terms of the general insurance market. Despite the challenging situation due to the Covid-19 pandemic, Fuse still managed to double its market share and improving the quality of its platform and services.

January 28th, 2022|East Ventures, Fuse|

Aruna raises US$ 30 million in follow-on series A funding, bringing total capital raised to US$ 65 million

Aruna, Indonesia’s leading fishery and marine platform, has announced a US$ 30 million Series A follow-on funding led by Vertex Ventures Southeast Asia & India. The round also saw participation from existing investors Prosus Ventures, AC Ventures, East Ventures (Growth Fund), Indogen Capital, SMDV and SIG Venture Capital.

January 28th, 2022|aruna, East Ventures|

Inteluck, technology-driven logistics platform in Southeast Asia, announced US$ 15 million series B funding

Inteluck, a Southeast Asian technology-driven logistics platform, said today that it has raised US$15 million in a Series B fundraising round. Creo Capital, a Hong Kong-based investment firm under New World Group, spearheaded the investment. East Ventures and Headline Asia are among the investors in this round. Favour Capital, a TMT boutique investment bank focused on China and Southeast Asia, served as the round's exclusive financial advisor.

January 27th, 2022|East Ventures, Inteluck|

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|