Indonesia
Indonesia’s Komunal raises $8.5M funding led by East Ventures
Komunal, an Indonesia-based fintech company, has on Tuesday announced that it has successfully secured $8.5 million of funding led by East Ventures (Growth fund). This funding round is also participated by AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora, and Gobi Partners.
Indonesia’s Mindtera closes $850,000 seed extension round funding led by East Ventures
Mindtera, an Employee Assistance Program (EAP) platform in Indonesia, has announced the close of its combined seed and seed extension round at $850,000 funding led by East Ventures. The round also saw commitments from Seedstars International Ventures among other prominent angel investors.
Malaysia’s Carsome bolsters Indonesian operations via Electrum partnership and Nusantara expansion
Malaysia-based integrated car e-commerce platform Carsome is bolstering its Indonesian operations via partnership with Indonesian electric vehicle (EV) firm Electrum and has committed to investing in expanding its business in the nation’s planned Nusantara capital.
PasarPolis becomes Indonesia’s first full-stack insurtech ecosystem with new strategic partnership
PasarPolis, an Indonesia-based insurtech firm, has become Indonesia's first official full-stack insurtech ecosystem, giving the company the ability to both distribute and underwrite its own digital insurance products.
Indonesia’s Xendit enters Malaysia, invests in local fintech player Payex
Indonesia-based fintech company Xendit has officially entered the Malaysian market offering up its diverse range of hyperlocal payment solutions to businesses in the country from small and medium sized enterprises (SMEs) and start-ups to giant corporations alike.
Wesley Tay joins as a Principal at East Ventures
Indonesia-based venture capital firm East Ventures announced Tuesday that Wesley Tay joins East Ventures as its new Principal. Wesley will oversee the investments focusing on the seed stage, and will be based in Singapore.
Malaysia’s Penjana Kapital, AC Ventures, Indies Capital Partners ink deal for cross-border investments and technology transfer
Malaysia's Penjana Kapital Sdn Bhd (Penjana Kapital), announced Monday it has signed a memorandum of cooperation with Indonesian-focused private investment firms Indies Capital Partners and AC Ventures (ACV), for cross-border investments and technology transfer.
Malaysia’s Citaglobal inks deal with Indonesia’s state-owned firm for battery energy projects
Malaysia-listed Citaglobal Berhad (formerly known as WZ Satu Bhd) has entered into a memorandum of understanding (MOU) with PT Industri Baterai Indonesia or Indonesia Battery Corporation (IBC) for the proposed development of a battery cells manufacturing plant and Battery Energy Storage System (BESS).
Indonesia’s FLIK secures $1.1M pre-seed funding led by East Ventures
FLIK, an Indonesian-based startup that provides a unified checkout solution, announced Monday that it had secured $1.1 million of pre-seed funding led by East Ventures. The round also saw the participation of Init-6, GMO VenturePartners, and Saison Capital.
Ushering into an uncertain 2023: here’s what VCs & experts think
There are reasons to be optimistic, according to VC firms.
