Southeast Asian VC firm East Ventures and Seoul-based SV Investment have launched a new US$100 million fund
The East Ventures South Korea fund aims to open the investment corridor between the Southeast Asian and Korean venture ecosystems, including capital investment, knowledge transfer, and network sharing.
The fund will invest in companies across biotech, healthcare, future mobility, green technology, and media & content.
“This fund represents a powerful synergy between East Ventures’s deep expertise in the Indonesian and Southeast Asia startup ecosystem and SV Investment’s rich experience in the South Korean market. Together, we aim to unlock the immense potential of the Southeast Asia-South Korea corridor, nurturing and accelerating the growth of startups within the region,” said Roderick Purwana, Managing Partner at East Ventures.
The partnership between Indonesia and Korea holds immense promise for collaboration in the tech industry and startup ecosystem. Indonesia offers a burgeoning market and a pool of young, tech-savvy talent, while Korea boasts a track record of technological excellence and global reach.
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By joining forces, Indonesia and Korea can catalyse the growth of startups, enhance technological capabilities, and tap into the vast opportunities within Southeast Asia and beyond.
The East Ventures South Korea fund will be managed collaboratively by leading VCs from both countries. It aims to facilitate Korean tech startups and companies in attracting foreign capital, promoting overseas venture company IPOs, and exchanging valuable expertise and know-how between the ecosystem.
David Junghun Bang, Managing Partner at SV Investment, said: “This collaboration will open up a gate for both Korean and Southeast Asian tech startups who have been pushing hard to scale up in the global market and represent our commitment to support them continuously.”
Founded in 2009 in Indonesia, East Ventures has invested in over 300 seed and growth-stage tech companies, recorded strong financial returns, and created positive social and environmental impacts. Its portfolio companies include Tokopedia, Traveloka, Waresix, Xendit, Sociolla, and ShopBack.
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