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News and updates
Press Release
Indonesia-based Praktis raises US$20 million of series A funding led by East Ventures
Praktis, an end-to-end supply chain enabler has raised US$20 million of series A round led by East Ventures (Growth fund) with participation from Triputra Group and SMDV. The investment will be allocated to accelerate technology enhancements for the brands sides, at the same time to…
Insights
The importance of encouraging digitalization for an equitable digital nation
Even though the digital sector is experiencing waves of ‘up and down’ amid global challenges such as rising interest rates and difficulties in finding funding, digitalization in Indonesia is still developing rapidly and has the potential to reach a digital golden era. Along with Indonesia’s…
From Portfolios
Creating future farming with technology for food resilience
The world is facing a dire situation. By 2050, food demand is expected to double as the population is expected to reach an unprecedented 9.7 billion. If we do not change our global agriculture system, the world might run out of food in just 27…
Insights
Achieving equitable digital for the whole Indonesian nation
Indonesia’s digital economy has shown remarkable progress in recent years, positioning the country as the strongest digital player in Southeast Asia. The value of Indonesia’s digital economy is predicted to reach US$360 billion by 2030, highlighting the vast potential for growth in this sector. However,…
Insights
Digital competitiveness now more equitably spread across Indonesia
FOR all the talk of a global digital winter, Indonesia’s digital economy – on track to be worth an estimated US$360 billion by 2030 – continues to power ahead. The latest digital competitiveness index (DCI) report by venture capital firm East Ventures has reported that…
From Portfolios
Urgent energy needs in Southeast Asia: Renewable startups to the rescue
Accelerating renewable energy is urgent for Southeast Asia countries as energy demands continue to increase. Most countries’ leaders have committed to achieve net-zero by 2050 to keep the global temperature increase below 2°C. However, as the world’s fourth-largest energy consumer, Southeast Asia’s energy generation still…
Press Release
East Ventures launched the East Ventures – Digital Competitiveness Index 2023
Digital competitiveness is becoming more equal, realizing an equitable digital nation East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 300 tech companies across Southeast Asia, together with Katadata Insight Center and PwC Indonesia launched the East Ventures – Digital Competitiveness Index…
Insights
Equitable digital nation: Willson Cuaca, Co-Founder & Managing Partner at East Ventures
As an early believer in the capabilities of Indonesia’s digital ecosystem since 2009, East Ventures has witnessed the evolution of digital growth in Indonesia. At that time, the internet penetration was only 30 million people. As of January 2023, internet penetration has reached 212.9 million,…
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