Desty raises US$ 5 million in an extended pre-series A round from East Ventures
Desty, an Indonesia-based E-Commerce solution platform startup, announced that it has secured US$ 5 million of extended pre-series A round led by East Ventures (Growth fund) with participation from Jungle Ventures and returning investors Fosun RZ and January Capital.
Leading Singapore EdTech startup Geniebook raises US$16.6 million in Series A funding Round led by East Ventures and Lightspeed; to scale team with strategic new hires
Geniebook, Singapore’s largest online learning platform for the English, Mathematics and Science (EMS) syllabus, has secured US$16.6 million in a Series A funding round which was led by East Ventures (Growth fund), Lightspeed Venture Partners, several prominent angel investors, as well as senior executives from some of Southeast Asia’s most influential companies like Grab, Shopee and Gojek.
East Ventures co-leads series A funding round of US$ 15 million for Singapore-based Qapita
Singapore-based Qapita, provider of equity management SaaS solutions today announced it has raised a Series A round of US$ 15 million (approximately 213 billion rupiah). This round is co-led by Indonesia-based East Ventures (Growth Fund) and Vulcan Capital, with participation from NYCA and other existing investors including MassMutual Ventures, Endiya Partners. Several existing angel investors including Alto Partners, Partners of the Northstar Group and K3 Ventures invested in this round. This round will see Qapita expand its operations in Indonesia.
Indonesia’s fintech company Komunal raises US$ 2.1 million of series A funding led by East Ventures, further promoting the country’s financial inclusion
Komunal, Indonesia’s first fintech company to offer Neo-rural bank services locally, announced earlier today that it has secured US$ 2.1 million (approximately IDR 30 billion) in the Series A funding round. The investment is led by East Ventures with participation from Skystar Capital. Both investors also backed Komunal in the seed funding round. The fresh capital will accelerate Komunal’s mission to boost financial inclusion in Indonesia by enhancing its latest product DepositoBPR.
Advotics raised fresh funding from East Ventures to accelerate supply-chain digital transformation in Indonesia
Advotics raised fresh funding from East Ventures to accelerate supply-chain digital transformation in Indonesia March 2, 2021 Advotics, an Indonesia-based SaaS startup specializing in data-driven supply chain solutions for brands and SMEs, announced earlier today that it has raised US$2.75 million in a new funding round led by East Ventures. Advotics is a technology company that helps brands understand, monitor, and manage their supply chain in Indonesia’s retail market by providing integrated platforms along the distribution line. Indonesia is a huge market for enterprise solutions. Advotics estimates that the Indonesian enterprise software market size has [...]
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 [...]
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.
Nusantics raised seed funding from East Ventures
Nusantics is a technology company that focuses on applying advancements in genomics and microbiome research to fulfill consumer needs of a healthy yet sustainable lifestyle.