Discover the latest insights and news from East Ventures’ ecosystem.
News and updates
Press Release
Fintech Startup Omise Raises US$25M in ICO that Bucks “Money Grabbing” Trend
By now you’ve probably heard of ICOs. The alternative fundraising option has been used to raise more than $500 million in funding this year alone, but it has gotten a reputation for unfinished products and untested teams raising gargantuan sums. One company may have just…
Press Release
Education Startup from Indonesia Ruangguru Raises Series B Round
Education Startup from Indonesia Ruangguru Raises Series B Round 22 June 2017 Indonesian edtech startup Ruangguru has just announced it completed its series B financing round. The lead investor is UOB Venture Management, the private equity arm of Singapore-headquartered United Overseas Bank (UOB). The amount…
Press Release
The Rising Stars of Fintech in Southeast Asia
This is the gritty backdrop to Southeast Asia’s burgeoning fintech revolution: flatted factories and grunting delivery trucks in a Singaporean industrial park, where young techies work in a tiny rented office above a car showroom. No glass-sheathed and Persian-carpeted conference rooms here. Just Kelvin Lee,…
Press Release
Mercari Hires john Lagerling from Facebook’s Management Team to Guide Its US Strategy
Mercari Hires john Lagerling from Facebook’s Management Team to Guide Its US Strategy 21 June 2017 When Mercari became Japan’s first startup unicorn with a $75 million round last year, the funding was earmarked to fuel its goal of becoming the top secondhand marketplace app…
Press Release
Airfrov Secures US$500K from East Ventures
Airfrov Secures US$500K from East Ventures 19 June 2017 Airfrov, a peer-to-peer marketplace for overseas products, has received US$500,000 in pre‐Series A funding round led by existing investor leading VC firm East Ventures. Several angel investors, including Carro CEO Aaron Tan, have also contributed to…
Press Release
Google Launchpad Selects Sirclo and Cicil for Accelerator Programme
Google Launchpad Selects Sirclo and Cicil for Accelerator Programme 25 May 2017 Google has announced the fourth batch of Southeast Asian startups that will join the Launchpad Accelerator programme at Google Headquarters in Silicon Valley, California. A total of nine startups have been selected from…
Press Release
East Ventures, SGInnovate Team Up to Build Access for Startups
East Ventures, SGInnovate Team Up to Build Access for Startups 25 April 2017 Indonesia-focused venture capital fund East Ventures and Singapore government agency SGInnovate today announced a partnership to foster stronger regional access for startups based in the two countries. The partnership will be conducted…
Press Release
99.Co Announces US$7.9 Million Funding
99.Co Announces US$7.9 Million Funding 7 April 2017 Singapore headquartered 99.co announces USD $7.9M (~SGD$11M) in latest round of financing. Investors leading the round are Sequoia Capital and Eduardo Saverin, who are existing investors in the company. Other existing investors East Ventures and 500 Startups…