Indonesia’s East Ventures Raises US$550 Million for Its Latest Fund

Indonesia’s East Ventures Raises US$550 Million for Its Latest Fund

by May 11, 2022

East Ventures, an Indonesia-focused venture capital firm, has raised a total of US$ 550 million in the final close of its latest funds.

The venture firm said that it will allocate US$ 150 million for early-stage deals and US$ 400 million for growth-stage deals.

The VC reported that it has experienced significant growth in its portfolio, with more than 200+ startups from seed to growth stages.

East Ventures is managing over U$1 billion AUM and attracted US$ 6.7 billion in follow-on funding for the portfolio companies.



It has also recorded more than US$ 86 billion of annualised GMV in aggregate by its portfolio.

East Ventures’ latest funds have gotten strong support from existing investors with a re-up rate of 120%.

The firm added that it will also ensure the incorporation of sustainability aspects in every practice and usage of the funds.

East Ventures was the first venture capital in Indonesia to sign the Principle of Responsible Investment (PRI), a UN-supported network of investors.

Willson Cuaca

Willson Cuaca

“We are very bullish about Indonesia yet mindful of the global market condition. We have built a strong return track record for more than a decade and as the ecosystem flywheel effect kicks in. East Ventures is well-positioned to ride on it.

 

We have been transforming ourselves from a seed-stage investor into a multi-stage investor and into becoming an efficient and robust platform to support entrepreneurship.”

said Willson Cuaca, Co-Founder and Managing Partner of East Ventures.

Koh Wai Kit

Koh Wai Kit

“We are grateful for the strong support from sovereign wealth, institutional investors, corporates, family offices, and many other limited partners globally.

 

As we continue in our journey of institutionalisation, we will do our utmost to drive value for our partners in Southeast Asia’s tech ecosystem,”

said Koh Wai Kit, Managing Partner of East Ventures.

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