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.
Get to know Batik Parang and how its philosophy resonates with East Ventures’ values
Indonesia is widely known for its Batik — an art and textile-making technique. Hundreds of kinds of Batik originating from various regions and districts in Indonesia carry the beauty in its art, its deep meaning, and philosophy.
The role of fintech lending to Indonesia’s agribusiness sector
Agriculture plays a significant role in Indonesia's economic growth and development. It contributed to 14% of the nation's GDP in 2020, and the sector employs 29% of the Indonesian workforce. However, most Indonesian farmers are still living in poverty. According to World Bank’s data, around half of the Indonesian farmers are smallholders that earn an average of US$ 3.2 per day.
Fundraising tips for startup founders
Unlike conventional companies, the startup business model relies heavily on external capital support. Then, how can startup founders find investors so quickly?
East Ventures donated 53 oxygen concentrators to BUMN Foundation for Indonesia
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 companies in Southeast Asia, continues its support to overcome the COVID-19 pandemic in Indonesia by donating 53 units of oxygen concentrator (OC) to the BUMN Foundation for Indonesia (BUMN Foundation).
UENA, a hyperlocal online F&B startup, raised Seed funding led by East Ventures
UENA, a hyperlocal online F&B startup based in Indonesia, has raised an undisclosed seed funding round led by East Ventures, with a strong participation from IDN Media and several angel investors. UENA was founded by Alvin Arief (Co-Founder and Chief Executive Officer) and Roy Yohanes (Co-Founder and Chief Operating Officer), who are seasoned F&B entrepreneurs with more than 10 years of experience.
Disrupting Indonesia’s oral wellness space, KLAR Smile bags US$ 4.5 million pre-series A funding
Klar Smile, an oral wellness startup in Indonesia, announced that it raised a US$4.5 million pre-series A funding round co-led by East Ventures and AC Ventures. Other participating investors included Venturra Discovery, and several angel investors.
ARIA, a one-stop solution for Indonesia’s agriculture service, secured US$ 5 million of seed funding led by East Ventures
ARIA, a one-stop solution for Indonesia’s agriculture service, has secured US$ 5 million of seed funding led by East Ventures, who joined the pre-seed round in March 2022. This round of funding was also joined by Triputra Group, Michael Sampoerna, Arkana Ventures, GK-Plug & Play, and other strategic investors.