AMODA, an Indonesia-based property and construction technology startup, raised Seed funding co-led by East Ventures and Living Lab Ventures
AMODA, a property and construction technology startup in Indonesia, has secured seed funding co-led by East Ventures and Living Lab Ventures. This round of investment strengthens AMODA’s balance sheet, following the pre-seed funding in 2022. This funding will be mainly allocated to expanding its product, technology, and operation capabilities.
Bababos, manufacturing raw material procurement Platform, has secured US$3 million in Seed funding round led by East Ventures
Manufacturing raw material procurement platform, Bababos, has secured US$3 million in seed funding. The round was led by East Ventures, with the participation from Patamar Capital and Accion Venture Lab. This new funding was completed six months after the pre-seed funding in March 2023.
Empowering women: three key strategies for building confidence at work
As a woman in the workplace, building confidence can be challenging, especially when trying to climb the corporate ladder. Various cultural, societal, and historical factors can influence the confidence gap between men and women. In Asia, for example, there is often a greater emphasis on deference to authority and silent resistance, making it more challenging for women to assert themselves and speak up.
How Indonesian women leaders face the challenges of entrepreneurship
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, has again presented its signature women-centered program, “Women with Impact”, on 8 March 2023 in celebration of International Women’s Day. Partnering with Google Indonesia, this time, Women with Impact facilitated a keynote speech from Mari Elka Pangestu, the Former Managing Director of Development Policy and Partnerships at World Bank, as well as a panel discussion.
Manufacturing startup Imajin received Seed funding led by East Ventures
Imajin, a manufacturing startup based in Tangerang, Indonesia, announced that it has secured seed funding led by East Ventures, along with the participation of 500 SEA, Init 6, as well as other investors and angel investors. Imajin will allocate this funding to develop its products and services, improve the recruitment, and expand its domestic and international market coverage.
Indonesia-based employee assistance program platform Mindtera closes US$ 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.
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.