Willson Cuaca: ‘We Are Heading Towards A Digital Golden Era’
Bad news is hitting the startup ecosystem in Indonesia. Recently, the public and the media have picked up on the negative sentiments and suspicious incidents related to local startups, such as layoffs, business closures, and news of funding being sparsely disbursed.
Morning, Singapore-based coffee technology company, raises US$ 5 million of series A funding led by East Ventures
Morning, a coffee technology company, today announced the raise of its Series A round at USD 5 million led by East Ventures with participation from zVentures (corporate venture arm of Razer), P9 Capital, Wee Teng Wen of The Lo & Behold Group and other existing investors.
Novelship raises series A funding to ignite sneaker and streetwear culture in Asia
Novelship, Asia's fastest-growing marketplace for limited-edition sneakers, streetwear and collectibles today announced that the company has raised close to USD 10 Million in Series A funding co-led by GSR Ventures, East Ventures, with participation by K3 Ventures, and iGlobe Partners. Since its inception in 2018, Novelship has been able to serve customers across APAC with the sales volume growing at a staggering rate of 5.3X in 2021.
East Ventures raised US$ 550 million multi-stage fund to focus on the Indonesia and Southeast Asia startups
East Ventures, a pioneering and leading Indonesia-focused venture capital firm, has raised a total of US$ 550 million in the final close of its latest funds.
The Parentinc, SEA’s #1 parent-tech company, raises US$ 22 million in series D funding round led by East Ventures
The Parentinc, a fast-growing tech company headquartered in Singapore, today announces that it has successfully closed a US$22M round. The round comprised a mixture of primary and secondary investment alongside venture debt. The funding round was led by East Ventures as well as other undisclosed investors.
TipTip, a one-stop platform for content creators, raised US$ 10 million in seed funding led by East Ventures
TipTip, a one-stop platform for content creators across Southeast Asia, today announced that it has secured US$ 10 million in the seed funding round, marking one of the biggest seed rounds ever. This funding was led by East Ventures, with the participation from Vertex, EMTEK, SMDV, and prominent family offices.
Towards Indonesia’s digital golden era
In 2022, Indonesia is entering its golden digital economy era. For the past two years, the digital industry is experiencing rapid growth as a result of the pandemic acceleration. Not only did the internet penetration increase significantly, but society’s awareness to further utilize the digital sector as an economic propeller also escalated.
Mighty Jaxx raises US$ 20 million in series A+ funding led by East Ventures
Mighty Jaxx, an award-winning future culture company that designs and produces phygital collectibles, announced the first close of US$20 million in their oversubscribed Series A+ funding round, pushing the company’s valuation to over US$200 million.