Sinar Mas' VC arm SMDV to focus on Series A-B stages, says managing partner Purwana

Sinar Mas' VC arm SMDV to focus on Series A-B stages, says managing partner Purwana

Roderick Purwana, Sinarmas.

Following the recent launch of its joint venture – EV Growth – with East Ventures and Yahoo Japan, Indonesian VC firm Sinar Mas Digital Ventures (SMDV) says it is looking to move away from seed investments and focus more on later stages of funding.

Formed in 2014, the venture capital arm of Indonesian conglomerate Sinar Mas has participated in seed investments in startups such as EV Hive and Snapcart, Series A rounds in Orami and Happy Fresh, as well as Series B rounds in Omise and Sale Stock Indonesia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter