TipTip announces over US$ 13 million series A funding round led by East Ventures

TipTip, a monetization platform for content creators in Southeast Asia, secured its US$ 13 million Series A funding round, following the startup’s US$ 10 million seed round funding earlier this year. The Series A funding was led by East Ventures with continued participation from Vertex, SMDV, B.I.G. Ventures and prominent angels.

Riding the prospect of the rising creator economy

Although many giant global social platforms have been in Indonesia for several years, there is still room to grow for local players in seizing opportunities in Indonesia’s creative industry. The industry is fuelled by a growing young population, which accounts for 53.81% of the population.

Kudo’s Untold Story: How It Enabled Indonesia’s Unbanked and Got Acquired by Grab

This article is part of a series by East Ventures revealing the behind-the-scenes stories of how it invested in Kudo, Indonesia-based tech company.