What is East Ventures? East Ventures Review

About East Ventures

East Ventures has five offices in Jakarta, Tokyo and San Francisco. It has invested in more than 150 companies in Asia and the United States, including Shopback, Tokopedia and Traveloka.

East Ventures has invested in 20 startups in Indonesia since its inception and has also begun investments in Singapore and Japan.

East Ventures Operational Strategy

Focus on vertical emerging industries and enter the project from the early stage of formation - once a vertical project that is still in the early stages of development is confirmed, East Ventures wants it to quickly break out of the market and seize the vertical market through differentiation and verticalization with the help of funds.

In addition, East Ventures also places great emphasis on "investing in people", that is, it values ​​the capabilities of start-up company founders. If they believe that the founders have strong backgrounds or strengths to become market leaders in vertical categories, they will also invest.

East Ventures Investment Institution

East ventures has invested in hundreds of companies in Indonesia, Singapore, Japan, Malaysia and Thailand.

Portfolio companies include Tokopedia, Traveloka, Merari, Discus (acquired by Groupon), Kud

Acquired by Grab), TechInAsia, Omise, INTImes, Ruangguru, Jurnal, Cermati

Mokapos, Shop Back, EVHive, Pasar Polis, and lLoret (acquired by Gojeki).

East Ventures Financing

In January 2017, East Ventures completed the fundraising of its fifth fund, with a total amount of US$27.5 million.

In September 2017, East Ventures completed the fundraising of its sixth fund with a total amount of US$30 million.

In May 2019, Singapore venture capital firm East Ventures completed fundraising of US$200 million for its sub-fund EV Growth, exceeding the original target of US$150 million.

East Ventures Investment Cases

In April 2014, Sirclo, an e-commerce website building platform, received a round of financing from East Ventures.

In July 2014, East Ventures invested in ConnectFree for an undisclosed amount.

In September 2014, East Ventures invested in BuzzCommerce.

In July 2015, BerryKitchen, an Indonesian O2O catering startup, announced that it had completed a US$1.25 million Series A financing round through Sovereign's Capital of the United States and its original investor East Ventures.

In September 2015, Sociolla received a seven-figure Series A financing led by Venturra Capital.

In July 2016, Kargo received seed round financing led by EastVentures.

In November 2016, Cicil.co, an Indonesian student loan platform, announced that it had received seed round financing. The size of the transaction has not yet been disclosed. The investor in this round of financing was East Ventures.

In June 2017, Airfov, an overseas product P2P market, received US$500,000 in Pre-A round of financing, led by existing investor East Ventures.

In July 2018, Montir, an Indonesian on-demand car repair platform, completed its Series A financing round with investment from East Ventures.

In September 2018, Helicap completed a US$5 million Series A investment, which was jointly led by early-stage venture capital fund East Ventures and Singapore real estate group Soilbuild Group Holdings.

In April 2019, Fore Coffee, an Indonesian on-demand specialty coffee startup, received another $1 million in follow-up funding, following its $9.5 million Series A funding round in January. This round of funding was led by East Ventures.

In May 2019, Southeast Asian venture capital media "7.5 Degrees" completed a seed round of financing from East Ventures, with a post-investment valuation of US$3 million

In August 2019, AllSome Fulfillment raised $1.94 million in seed funding led by East Ventures.