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News and updates
Press Release
Komunal Raised Seed Funding Led by East Ventures
JAKARTA, 3 DECEMBER 2019 —Komunal, an online peer-to-peer (P2P) lending company based in Surabaya, Indonesia, announced earlier today that it has secured an undisclosed amount of seed funding led by East Ventures with participation from Skystar Capital. The investment will accelerate Komunal’s mission to bridge…
From Portfolios
How Ruangguru and Sociolla Can Reach Their Inflection Point?
In a panel discussion at East Ventures’ 10th Anniversary event, founders of Ruangguru and Sociolla shared how they met East Ventures, built their respective startups, and hit the inflection point. Adamas Belva and Iman Usman recalled the first meeting with Willson Cuaca, that happened in…
Insights
Southeast Asia’s Digital Economy Grows Really Fast But With a Caveat
At East Ventures’ 10th Anniversary event, Chng Kai Fong (Managing Director of the Singapore Economic Development Board) shared his perspective on Indonesia – Singapore’s relationship, particularly on the digital economy landscape. According to him, as the closest neighbor, Indonesia plays an important role in the…
From Portfolios
How to Build Unicorn Startups: Lessons from Tokopedia and Traveloka
Back in 2010, East Ventures met William Tanuwijaya, the co-founder of Tokopedia. The VC immediately believed in his vision, and Tokopedia became East Ventures’ first portfolio. Two years later, Ferry Unardi, a Harvard University dropout, pitched a convincing idea of a travel startup called…
Insights
The Art of Investing in SEA’s Fastest-Growing Internet Economy
Founded in 2009, East Ventures is an early-stage fund that has invested in over 160 startups, including in unicorns like Tokopedia and Traveloka. It is one of the world’s top-performing venture capitals based on Preqin’s latest analysis. Recently, it has raised US$75 million for…
Insights
East Ventures’ First LP Talks Importance of Getting the Right Support
Franky O. Widjaja, Chairman & CEO of Sinarmas Communication & Technology, is the first Limited Partner (LP) of East Ventures. At the venture capital’s 10th anniversary event, Mr. Franky shared his perspective of the digital economy industry and the reason why he decided to…
Insights
How the Indonesian Government Support Digital Economy Industry?
Mr. Rudiantara (Ex-Minister of Communication and Information Technology of the Republic of Indonesia) attended our 10th-anniversary event and shared his perspective on the development of the startup ecosystem in Indonesia. At the beginning of his speech, Mr. Rudiantara admitted that he joined the cabinet…
Insights
3 Things That Indonesian VCs and Startups Need to Have in Mind
At East Ventures’ 10th Anniversary event, Mr. Thomas Lembong (Ex-Head of Indonesia’s Investment Coordinating Board) represented the President of the Republic of Indonesia, Mr. Joko Widodo, to give a keynote speech. He started his remark by congratulating Willson Cuaca, Batara Eto, Taiga Matsuyama, East…
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