News – Press Release
East Ventures launched the East Ventures – Digital Competitiveness Index 2023
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 (EV-DCI) 2023, which is the 4th edition since it was first launched in 2020. The EV-DCI 2023 report presents the measurement of Indonesia’s digital competitiveness with the theme “Equitable digital nation”.
Prep, a Vietnam-based language learning EdTech, raised US$ 1 million co-led by East Ventures and Cercano Management
Prep, the Vietnam-based online learning platform that specializes in standardized language test preparation, today announced that it has raised US$ 1 million co-led by East Ventures and Cercano Management. This round of funding will further strengthen Prep’s balance sheet, bringing the total funds raised by Prep to US$ 2 million, including the US$ 1 million invested by Touchstone Partners earlier in 2022.
Social Bread, an Indonesia-based digital marketing marketplace, has officially launched following its US$ 400,000 of seed funding led by East Ventures
Social Bread, an Indonesia-based digital marketing marketplace to support business owners, predominantly Small and Medium Enterprises (SMEs), has officially launched. The launch of this event was held in Social Bread Hub at The Breeze BSD City, Tangerang. During the same occasion, Social Bread also announced the completion of its US$ 400,000 of seed funding led by East Ventures. This round of funding is also participated by Living Lab Ventures. This fresh fund is to develop a differentiated technology platform to impact its merchant ecosystem. Social Bread is building a differentiated live shopping experience so that it will scale and boost merchants’ sales by at least 10 times within one year.
Bababos, Indonesia-based raw material procurement startup, secured pre-seed funding led by East Ventures
Bababos, Indonesia-based raw material procurement platform for small and medium enterprises (SME) manufacturers, today announced the pre-seed funding led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia.
Vietnam-based telehealth platform Medigo bags US$ 2 million in series A funding led by East Ventures
Medigo, a Vietnam-based telehealth platform that provides on-demand medicine prescription and delivery services, has successfully raised US$ 2 million in a series A funding round led by East Ventures, with the participation from Pavilion Capital and Touchstone Partners. With the added capital, Medigo plans to strengthen its services and develop a healthcare ecosystem in Vietnam.
How Indonesian women leaders face the challenges of entrepreneurship
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, has again presented its signature women-centered program, “Women with Impact”, on 8 March 2023 in celebration of International Women’s Day. Partnering with Google Indonesia, this time, Women with Impact facilitated a keynote speech from Mari Elka Pangestu, the Former Managing Director of Development Policy and Partnerships at World Bank, as well as a panel discussion.
East Ventures and Temasek Foundation launched Indonesia’s largest climate tech innovations platform of the year: Climate Impact Innovations Challenge 2023
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 tech companies across Southeast Asia, and Temasek Foundation, a Singapore-based non-profit philanthropic organization that supports sustainable development initiatives, launched Climate Impact Innovations Challenge (CIIC), the largest climate tech innovations platform of the year in Indonesia.
East Ventures launched a white paper on genomics in collaboration with the Ministry of Health of the Republic of Indonesia
East Ventures today launched a white paper “Genomics: Leapfrogging into the Indonesian healthcare future” in collaboration with the Ministry of Health of the Republic of Indonesia and Redseer Strategy Consultants, to provide a comprehensive understanding of how genomics can improve the healthcare system in Indonesia. This white paper serves as a guide for stakeholders in taking the necessary steps to improve our healthcare system and infrastructure for the future.