East Ventures is a seed and early stage VC firm that focuses on companies based out of Japan and Southeast Asia. The company is based out of Tokyo, Japan as well as Indonesia and backs a significant number of successful companies, including notable unicorns.
East Ventures -About The Company
East Ventures was founded in 2009 by Batara Eto, Taiga Matsuyama and Willson Cuaca. The company operates in the Asia Pacific region, investing in a wide range of firms across sectors. As an early believer in the Indonesian Startup ecosystem, East Ventures is one of the most experienced VC firms in the Southeast Asian region. This experience has resulted in a massive success for the company as well. East Ventures have consistently been picked by various media as the most active investor in Southeast Asia.
As an early advocate for supporting startups in Southeast Asia, East Ventures invests in startups in a broad range of sectors across many countries in the region. The firm has conducted five rounds of fundraising for startups, collecting $190.5 Million in total. Its most recent one was Fund VIII announced on June 26, 2020, which invited a total of $88 million into the firm.
The Growth Curve
As one of the most tenured firms in the Venture Capital scene of Southeast Asia, East Ventures enjoys a lot of credibility and reputation built over its longevity and smart investments. The firm has a total of 410 investments under its belt, leading in 163 of them. They have also made 3 diversity investments and 40 exits. These investments are sprawled across a wide variety of startups in various sectors across Southeast Asia, as well as globally.
A testament to its success would be the success that East Ventures have had throughout its tenure. In Indonesia alone, their portfolio contains two unicorns, Tokopedia and Traveloka. The former is an eCommerce firm that provides a free B2C platform that acts as an online marketplace for businesses and customers to exchange goods and services and is valued at $22 Billion after its merger with the online service platform Gojek in late 2021. Traveloka is an online travel services platform and is valued at $2.75 Billion in 2020.
East Ventures made their most recent investment in Justika, an Indonesian legal tech firm that deals with legal issues ranging from business, contracts and employment to marriage and inheritance. The company helps get legal guidance and enlightenment from credible advocate partners, at measurable and transparent prices. The Seed round for Justika, announced on July 22 2021 raised an undisclosed amount as capital from East Ventures and others.
They were also the leading investors in Finantier, a next-generation financial service provider based in Jakarta and providing infrastructure and data products to clients in Southeast Asia. An undisclosed sum was raised during its Seed round, announced on June 15, 2021.
Their last diversity investment was in Betaout, a US-based company that develops cloud tools for content production management for digital entities. The woman founded company raised an undisclosed sum during a venture round in January 2017, with East Ventures as a leading investor.
While a lot of VCs tend to focus on niche areas, East Ventures continue to support disruptive, innovative and bright ideas in a wide range of industries, ranging from tech, finance, management, and many more. This has led to their current standing as one of the best in the sector, and as a leader in the region.