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.
