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Press Release
East Ventures Closed Oversubscribed Sixth Fund at $75 Million
Jakarta, 22 August 2019 – Southeast Asian venture capital firm East Ventures announced today the close of its sixth fund at $75 million, exceeding more than double the firm’s initial $30 million target. This oversubscribed fund is supported by a diverse set of strong backers…
Press Release
99.co Completes US$15.2M Series B Funding Round
After a report released by TechInAsia, today Singapore-headquartered real estate platform 99.co officially announces that it has raised a US$15.2M Series B round led by MindWorks Venture and Allianz X, with participation from existing investors East Ventures, Sequoia (India), and Eduardo Saverin. The fresh funding…
Insights
East Ventures is the Most Consistent Top Performing Venture Capital in the World
Indonesia, August 19, 2019 – In their latest report, Preqin named East Ventures as the “Most Consistent Top Performing Venture Capital Fund Managers” in the world. This research shows that three of East Ventures’ investment funds perform better than other global venture capital companies and…
Press Release
Indonesian Beauty Platform Social Bella Embraces O2O with the Launch of Physical Store
Social Bella, the company behind Indonesian beauty and wellness e-commerce platform Sociolla, announced the opening of a physical store at Lippo Mall Puri, West Jakarta, on Tuesday, August 13. The 425 sqm store included an interactive display that connects customers to the Sociolla and SOCO…
Press Release
AllSome Fulfillment Raises US$ 1.94M Seed Funding Led by East Ventures
AllSome Fulfillment Raises US$ 1.94M Seed Funding Led by East Ventures 8 August 2019 Malaysia, 8 August 2019 —AllSome Fulfillment, Southeast Asia cross border e-commerce fulfillment for modern online sellers, announced earlier today that it has secured US$1.94M of seed funding led by East Ventures.…
Press Release
Singapore Fintech Startup Helicap Acquires Securities Firm Arcor Capital
Singapore Fintech Startup Helicap Acquires Securities Firm Arcor Capital 7 August 2019 Helicap, a Singapore-based fintech startup, has acquired securities firm Arcor Capital for an undisclosed sum, according to an announcement. Based in Singapore, Arcor Capital specialises in private debt securities and growth capital for…
Insights
Indonesia’s Property Technology (Proptech) Startup Scene: What You Need to Know
Property is the largest asset class in the world—it’s worth more than all stocks and bonds combined. In large markets like the United States, the property industry contributes US$3.5 trillion to the GDP, of which $836 billion is construction spend. About US$1.3 trillion worth of…
Press Release
Indonesian B2B Marketplace Ralali Closes $13m Series C
Indonesian online B2B marketplace Ralali has closed a $13-million Series C funding round from new and existing investors, it announced on Friday. The round was led by Arbor Ventures, TNB Aura and Jo Hirao, the founder of life media platform ZIGExN. Existing investors AddVentures and…
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