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.
Despite the global challenges, East Ventures remains bullish for Indonesia’s digital outlook for 2023
East Ventures remains optimistic about Indonesia’s digital economy prospect in 2023 despite the looming global economic turbulence. “The GMV growth of Indonesia’s digital economy is roughly double its GDP growth. We believe that the growth is still very robust in a few years. Hence, East Ventures is still very much bullish towards our digital economy in 2023,” explains Roderick Purwana, Managing Partner at East Ventures.
Ignite the burned out: Applying a healthy approach to burnout in the workplace
Everyone has responsibilities and expectations to fulfill, whether as business owners, startup founders, workers, parents, students, or many other roles. There must be times when we experience a state of exhaustion, both physical and emotional, that also involves a sense of reduced accomplishment. Based on the latest Deloitte report, named “Women @ Work 2022: A Global Outlook”, the report reveals that 53% of women say their stress levels are higher than they were a year ago, and almost half feel burned out.
Runchise raised seed funding led by East Ventures
Runchise, a restaurant management startup and culinary franchise in Indonesia, has officially launched its online application to increase operational efficiency and profit for restaurant or franchise owners, especially in the culinary field. At the same time, Runchise announced the completion of seed funding led by East Ventures.
Pocket, a family financial management platform startup, raised pre-seed funding led by East Ventures
Pocket, an Indonesia-based fintech startup providing a holistic financial health platform for families, announced the completion of an undisclosed amount of pre-seed funding led by East Ventures. Pocket will allocate the fresh funds mainly for product penetration in increasing adoption and users. Pocket will also invest in developing its product and offering to complete the platform ecosystem.