East Ventures, a leading venture capital firm in Southeast Asia, has made a strategic move by launching its first Indonesia-focused healthcare fund, worth US$30 million.
The VC firm’s decision to focus on the healthcare sector is timely, given the increasing importance of healthtech, especially in light of the COVID-19 pandemic. The firm’s existing portfolio of 30 healthcare companies and its investments in genomics startups demonstrate its dedication to the sector.
The firm’s active role in supporting the Indonesian healthcare system during the pandemic through initiatives like “Indonesia PASTI Bisa” highlights its commitment to positively impacting public health.
This follows East Ventures’s recent collaboration with Seoul-based SV Investment to launch a US$100 million fund to foster synergy between the Southeast Asian and Korean venture ecosystems.
These moves signify East Ventures’s ability to adapt to evolving market trends and its commitment to fostering innovation, which can positively impact both the healthcare sector in Indonesia and the broader Southeast Asian and Korean venture ecosystems.
Seeing the developments that emerge from these strategic investments will be exciting.
Sainul,
Editor.
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