‘It’s time to believe in the nation’s capability’: Willson Cuaca
The pandemic is not only a crisis, but also a situation that accelerates the growth of the digital economy. Co-Founder and Managing Partner of East Ventures, a sector-agnostic venture capital firm that has supported startups in Southeast Asia and Japan, Willson Cuaca told Kompas, Monday (8/16/2021). Since the very beginning, he has had faith in the capabilities of our own nation. This faith is what brings their investments and portfolio startups success.
Society’s online behavior enhances Indonesia’s digital economy investments
During Gambir Trade Talk #3: “Digital Economy Transformation: Indonesia’s Readiness”, held by the Indonesian Ministry of Trade on October 12, 2021, Willson Cuaca, Co-Founder and Managing Partner of East Ventures said that society’s change of behavior during the pandemic has accelerated digital adoption and increased the amount of digital investments in Indonesia.
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.
‘A solid and integrated digital ecosystem is what jumpstarts Indonesia’s digital economy’: Willson Cuaca
Here is one riveting fact about our treasured country, Indonesia: it is the world’s largest archipelago consisting of 17,508 islands. Out of 600 million of Southeast Asia’s population, 270 million inhabit Indonesia. What is more, US$ 1.1 trillion out of US$ 2.1 trillion of Southeast Asia’s economy is located in Indonesia. That being said, Indonesia is the largest and most homogeneous market in the subregion with profuse economic potentials. The abundant islands dotting the country also signify the many inefficiencies to address and overcome. The vast market with overflowing problems that entail was the reason why East Ventures came to life. As long as problems are consistently lurking around us, it is imperative that we bring solutions and innovations to the table.
Asumsi announced US$ 700,000 of funding from East Ventures
Asumsi, a multi-platform digital media company, announced earlier today that it has secured US$ 700,000 (approximately IDR 9.9 billion) of funding from East Ventures. The investment aims to further expand Asumsi’s media operation and escalate the engineering team to create a more interactive platform.
SIRCLO announces US$36 million funding led by East Ventures and Saratoga
E-commerce company SIRCLO today announces its funding round worth US$36 million (approximately IDR 515 billion), which was led by East Ventures (Growth Fund) and PT Saratoga Investama Sedaya Tbk. (Saratoga), with participation from Traveloka, Sinar Mas Land, as well as other investors.
Pasarnow, multi-channel e-groceries platform, raised USD 3.3 million seed funding led by East Ventures
Pasarnow, Indonesia-based multi-channel e-groceries platform, announced earlier today that it has secured a USD 3.3 million seed funding led by East Ventures.