‘The impact of SVB does not directly affect our ecosystem’: Willson Cuaca
News of the ‘collapse’ of Silicon Valley Bank (SVB) continues to loom over the global tech startup ecosystem – Indonesia is no exception. As of March 2023, the 16th largest bank in the United States was shut down due to the significant decrease in the values of its investments – among other reasons.
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.
Closing the gap: Investing in women can drive economic growth
Gender equality is not just a moral issue; but also a key driver of economic growth and development. Investing in women entrepreneurs and addressing the deepening inequalities they face can create a more stable, resilient, and inclusive society that benefits everyone.
The four tracks of Climate Impact Innovations Challenge
What will the world be like for our children if we fail to limit global warming to below 2°C, preferably to 1.5°C? In the best-case scenario where the globe warms only by 1.5°C, a 10-year-old child in 2020 will experience four fold as many extreme climate events throughout the course of their life compared to a 55-year-old.
East Ventures was listed in the Top Global & Asian investors in Q4 2022
East Ventures was again listed as one of the top ten global venture capital companies in Q4 2022, created by the global market intelligence platform CB Insights. Previously, East Ventures made the Q3 2022 list as the only SEA-based VC among both global and Asia regions.
Indonesia-based employee assistance program platform Mindtera closes US$ 850,000 of seed extension round funding led by East Ventures
Mindtera, an Employee Assistance Program (EAP) platform in Indonesia, announces the close of their combined seed and seed extension round at US$ 850,000 funding led by East Ventures and with commitments from Seedstars International Ventures among other prominent angel investors.
East Ventures’ way of investing
Over the past decade, we have seen the immense development of the digital ecosystem and tech startups in Indonesia. Often this accelerated growth can not be separated from the support of venture capitalists.
‘Indonesia is entering its second phase of digitalization’: Willson Cuaca
The global economic recession continues to threaten amidst high interest rates. This became one of the factors affecting venture capital firms to disburse their investments in 2023.