East Ventures announces its first and final close of US$250 million Growth Plus fund
East Ventures, a pioneering and leading Indonesia-focused venture capital firm, today announced the first and final close of its Growth Plus fund, securing a total of US$250 million. The fund will specifically target growth portfolio companies within East Ventures’ ecosystem that demonstrate strong potential.
This newly launched fund showcases LP’s vote of confidence in East Ventures’ investment strategy. The two Seed and Growth funds have received strong interest and have been extended to US$585 million. This brings the total funds raised by East Ventures in the past year to US$835 million.
East Ventures’ multi-assets class strategy underscores its commitment to supporting tech companies at various stages of their development. With this latest funds close, East Ventures is well-positioned to drive innovation, foster entrepreneurship, and provide positive impacts to the vibrant startup ecosystem in Indonesia and beyond.
East Ventures’ portfolio companies have shown promising traction. 60% of them at growth stage have had either positive EBITDA or a very clear path to positive EBITDA, and more than 40% of them have runway beyond 2025.
The firm will continue to invest in early-stage and growth-stage companies through its Seed and Growth funds, while the Growth Plus fund will provide East Ventures’ portfolio companies with the resource to scale and achieve their full potential.