East Ventures appoints Koh Wai Kit as its new Venture Partner
East Ventures appoints Koh Wai Kit as its new Venture Partner February 9, 2021 East Ventures, an early-stage sector-agnostic venture capital firm that has supported over 180 companies in Southeast Asia and is widely known as the VC pioneer in Indonesia, is pleased to announce the appointment of Koh Wai Kit as a Venture Partner at the firm. Willson Cuaca, Co-founder and Managing Partner at East Ventures, is thrilled to welcome Wai Kit to East Ventures. "We have worked closely with Wai Kit for years and we truly value his advice. Wai Kit is a [...]
Singapore-based Qapita secures an investment from East Ventures to usher digital equity management to Indonesian startups
Singapore-based Qapita secures an investment from East Ventures to usher digital equity management to Indonesian startups 3 February, 2021 Qapita, a Singapore-based provider of digital equity management SaaS solutions, today announced that it has secured an undisclosed strategic investment from East Ventures. Qapita helps private companies and start-ups manage capitalization tables (cap tables) and employee stock ownership plans (ESOPs). Qapita also aims to digitize issuance of equity awards and shares. The fresh round of funding will be used to further strengthen the team in Singapore, India and Indonesia, accelerate product development and build clientele. Qapita [...]
East Ventures Doubles Down on Nusantics
East Ventures Doubles Down on Nusantics 7 January, 2021 Nusantics, a genomics technology company, announced today that it has raised an undisclosed amount in Series A funding led by East Ventures. The startup also welcomed Triawan Munaf as a commissioner. East Ventures doubled down on Nusantics by leading a follow-up round less than a year after the VC firm led the biotech startup’s seed funding round. The fresh funding is a fruit of Nusantics’ strong growth and its swift response to the disruptions brought on by the COVID-19 pandemic. While staying focused on their microbiome [...]
EV Growth Expanded its Team with Major Hires
EV Growth Expanded its Team with Major Hires 6 January 2021 EV Growth, a joint venture between East Ventures, SMDV, and Yahoo! Japan Capital focused on providing growth capital to startups in Indonesia and the rest of Southeast Asia, welcomed David Fernando Audy as Operating Partner. David has over 18 years of executive experience in the media and content industry. He was the CEO of PT Media Nusantara Citra Tbk (MNCN IJ), a publicly listed leading media conglomerate in Indonesia, and was a Director of PT Global Mediacom Tbk (BMTR IJ), also a publicly listed [...]
Country as a platform: The best version of Indonesia
Country as a platform: The best version of Indonesia 16 December, 2020 Indonesia as a platform has been patched by digital transformation to become the best version of Indonesia. As 2020 comes to a close, let’s take some time to reflect on how this past year has shaped this country through the lens of digital players. The year 2020 has been a year filled with paradoxes, but ultimately, those in the digital industry are winners. While everyone in the world has been physically distanced as a result of safe distancing orders and city lockdowns initiated [...]
Crisis or no crisis, entrepreneurship persists
Crisis or no crisis, entrepreneurship persists 8 December, 2020 The ongoing COVID-19 pandemic has brought about transformations to our daily lives. Not only has it changed individuals, it also reconstructed the way the economy works. One of the most noticeable consequences is a paralyzed economy, which in turn results in a financial crisis. A hit on the economy like now is highly likely to deter people from realizing a business they had long planned for. The term entrepreneurship suddenly makes people nervous when mentioned during a financial crisis. However, is entrepreneurship really not possible during [...]
Insider tips for startups on how to approach venture capital
This past year, the Indonesian digital economy has consistently seen exponential growth especially in terms of new consumers. According to the Google, Bain and Temasek’s eConomy 2020 report, 1 in 3 digital service users were newcomers. To seize this opportunity, aspiring startup founders need to move fast to validate their ideas for innovation before entering the market and securing funding. While startups often turn to venture capital for funding, their business model is not always compatible with the venture capital-style of funding.
Finantier raised a pre-seed funding led by East Ventures, bringing Open Finance to Indonesia and Southeast Asia
Finantier raised a pre-seed funding led by East Ventures, bringing Open Finance to Indonesia and Southeast Asia 23 November 2020 Finantier, Indonesia-based Open Finance startup, today announced a pre-seed funding round led by East Ventures with participation from AC Ventures, Genesia Ventures, and other investors. Diego Rojas, Keng Low, and Edwin Kusuma founded Finantier earlier this year to provide the infrastructure and data products required by businesses to build the next generation of financial services. The startup enables digital platforms to securely work in collaboration with financial institutions to create seamless and personalized experiences for [...]