Wesley Tay joins as a Principal at East Ventures
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 tech companies across Southeast Asia, today announced that Wesley Tay joins East Ventures as its new Principal. Wesley will oversee the investments focusing on the seed stage, and will be based in Singapore.
FLIK, a unified checkout solution, secured the US$ 1.1 million of pre-seed funding led by East Ventures
FLIK, an Indonesian-based startup that provides a unified checkout solution, announced that it had secured US$ 1.1 million of pre-seed funding led by East Ventures, with the participation of Init-6, GMO VenturePartners, and Saison Capital.
East Ventures races in a perfect storm: 2022 recap & 2023 outlook
2022 has been a challenging year for the tech industry, exacerbated by global issues and geopolitical conflicts. Despite these obstacles, we have managed to navigate through the crises and close the year on a positive note with a lot of significant and impactful endeavors.
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.
Indonesian D2C beauty brands build foundation for regional expansion
In 2020, Indonesian beauty marketplace Sociolla expanded to its first overseas market – Vietnam. Like in its home turf, Sociolla Vietnam offers products from global brands like Maybelline and Neutrogena as well as South Korea’s Laneige. The marketplace also stocks cosmetics from Esqa, Avoskin, and Carasun – all Indonesian brands making their international foray.
How Fuse advances Indonesia’s insurance literacy by leveraging the digital ecosystem
Although many insurance firms exist in Indonesia, and efforts to increase insurance access and literacy have been on the rise, the penetration is still shallow. This became the underline for Andy Yeung to bring technology to transform the insurance sector.
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.
East Ventures launched the fourth initiative of Indonesia PASTI BISA, Maju Terus Pantang Mundur, to revive and support the digital ecosystem in Indonesia
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 tech companies across Southeast Asia, today launched the fourth initiative of Indonesia PASTI BISA, namely Maju Terus Pantang Mundur (Keep Moving Forward, Never Give Up) or IDPB MTPM. It is a collaborative project led by East Ventures in response to the current rampant employee layoffs, especially in the tech ecosystem.