East Ventures announced the 30 team champions from the Coaching and Hackathon Program of Indonesia PASTI BISA Maju Terus Pantang Mundur
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 tech companies across Southeast Asia, has announced the 30 selected team champions from the coaching and hackathon program of Indonesia PASTI BISA, Maju Terus Pantang Mundur (Keep Moving Forward, Never Give Up) or IDPB MTPM. The champion teams receive a total funding of IDR 7.5 billion (around US$ 500,000) in the form of uncapped convertible notes, including the benefits and perks from the program’s prominent partners.
A closer look at how East Ventures is driving ESG impact in Southeast Asia
At this year’s Tech in Asia Conference, our annual Startup Arena Pitch Battle returned offline, with four judges and scores of audience members watching six startups battle it out for the top spot. This edition, sponsored by East Ventures, focused on startups addressing environmental, social, and governance (ESG) issues.
Is sustainability expensive? Here are some facts
The answer is no. Having a sustainable business means the company needs to find a way to scale up its enterprises, saving the cost for operations and customers. Moreover, it will be a positive way if sustainable solutions can generate value for the companies.
East Ventures signed the Memorandum of Understanding with KADIN Net Zero Hub and WRI Indonesia in advancing commitment towards net-zero targets
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 tech companies across Southeast Asia, signed a Memorandum of Understanding with the Indonesia Chamber of Commerce and Industry (KADIN) Net Zero Hub and World Resources Institute (WRI) Indonesia for the strategic partnership and collaboration in advancing commitment towards net zero targets.
Early-stage startups can implement ESG principles, here’s how
This year, sustainable business became a buzzword as more investors and stakeholders asked companies to be more aware of their businesses and implement ESG principles. A common assumption is that sustainability is only suitable for growth-stage companies and large corporations. Moreover, sustainability is often more closely associated with green actions, environmentally friendly products, and other things.
Climate tech investment is a top priority in achieving net zero emissions
Achieving net zero emission globally by 2050 is critical to tackle the climate crisis and help to save our planet for the next generation. Global temperatures have risen 1.1°C since 1901, due to an excess of emissions from burning fossil fuels. Negative effects of climate change are mounting, such as extreme weather patterns and rising sea levels, all of which threaten the entire species of plants, animals, and even the human population.
Investing in women: The recent outlook and ways to empower women in tech
17 August 2022 marks an important date for Indonesia, as we celebrate the 77th independence day of Indonesia. Independence day is highly tied to the celebration of freedom; and as we Recover Faster, Grow Stronger, we believe this freedom should also be translated into aspects of our lives, including the freedom of being able to express ourselves and being given the same opportunities regardless of traits that one have, which includes gender.
Kabina, a property and construction startup, raised seed funding led by East Ventures
Kabina, a property and construction startup in Indonesia, today announced the completion of its seed funding round led by East Ventures, with the participation from several notable angel investors, including Sandra Dewi. Sandra Dewi will also become Kabina’s brand ambassador. Kabina will allocate the fresh funds mainly for product development and team expansion, as well as invest in the equipment and solutions that contribute towards more responsible and sustainable operations in the industry.