(Updated) Indonesia & SEA-focused East Ventures raising $100m for new JV fund

Image sourced from East Ventures' Twitter account

UPDATE: East Ventures on March 22 announced a joint venture with Sinar Mas and Yahoo Japan that was targeting to raise $150 million to invest in growth-stage startups. Dubbed EV Growth, the new venture capital fund said it had already raised $100 million from the three companies. This article and its headline were updated accordingly to reflect the fact that the $100 million we reported East Ventures as raising was for EV Growth and not its own early-stage investments. 

Indonesia and South East Asia-focused venture capital firm East Ventures is raising $100 million for a new fund that it plans to close this year, an industry executive aware of the development told this portal.

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