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Insights
Learning from Eastern Indonesia’s climb up the digital competitiveness ladder
See how lessons from West Papua, East Nusa Tenggara, and West Sulawesi can help boost the digital competitiveness of other provinces Boosting digital competitiveness in Indonesia’s eastern region has been known to be a hard task, influenced by various factors, such as the infrastructure readiness…
Press Release
Closing 2022 with high achievements, Komunal raises new funding led by East Ventures
Komunal, the first fintech company to digitize BPR in accelerating the financial inclusion in Indonesia’s tier 2 and tier 3 cities, announced that it has successfully secured US$ 8.5 million of funding led by East Ventures (Growth fund). This funding round is also participated by…
Press Release
Indonesia-based employee assistance program platform Mindtera closes US$ 850,000 of seed extension round funding led by East Ventures
Mindtera, an Employee Assistance Program (EAP) platform in Indonesia, announces the close of their combined seed and seed extension round at US$ 850,000 funding led by East Ventures and with commitments from Seedstars International Ventures among other prominent angel investors. Founded in 2021 by Tita…
Insights
East Ventures’ way of investing
Over the past decade, we have seen the immense development of the digital ecosystem and tech startups in Indonesia. Often this accelerated growth can not be separated from the support of venture capitalists. If you are curious about how venture capital (VC) firms function and…
Insights
‘Indonesia is entering its second phase of digitalization’: Willson Cuaca
The global economic recession continues to threaten amidst high interest rates. This became one of the factors affecting venture capital firms to disburse their investments in 2023. Taking our long-standing investment thesis into consideration, the fundamentals behind East Ventures’ investments are two-pronged: Seed fund, which…
Press Release
Wesley Tay joins as a Principal at East Ventures
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 tech companies across Southeast Asia, today announced that Wesley Tay joins East Ventures as its new Principal. Wesley will oversee the investments focusing on the seed stage, and will be based in…
Press Release
FLIK, a unified checkout solution, secured the US$ 1.1 million of pre-seed funding led by East Ventures
FLIK, an Indonesian-based startup that provides a unified checkout solution, announced that it had secured US$ 1.1 million of pre-seed funding led by East Ventures, with the participation of Init-6, GMO VenturePartners, and Saison Capital. FLIK’s unified checkout solution allows shoppers to have a more…
From Portfolios
Indonesian cosmetics brands see opportunity in halal products
Companies offering halal cosmetics in Indonesia, the world’s largest Muslim-majority country, are aiming to boost the international appeal of their products in Southeast Asia and beyond as they see potential in attracting more non-Islamic consumers. In 2014, Indonesia enacted a law requiring halal certification for a wide…
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