Singapore's EV Growth maxes its fund at $250 million — looks to deploy more startups in Southeast Asia

To date, it has used 50 per cent of its total funds in 20 deals.


Syamil Faisal

31 Dec, 2019

Singapore's EV Growth maxes its fund at $250 million — looks to deploy more startups in Southeast Asia | BEAMSTART News

- From our Sponsors -

Venture Capital firm, EV Growth has closed another $50 million for its first round at a hard cap of $250 million.

The additional investments came from Singapore’s Temasek, an undisclosed sovereign wealth fund in Asia, as well as several Asia-based family offices.

Some of the startups under EV Growth's portfolio.
 

EV Growth spent 50% of its fund into 20 deals80 per cent of its portfolio startups are Indonesian such as edutech Ruangguru, SME lender Koinworks, and beauty-tech startup Sociolla.

In March 2018, East Ventures, SMDV, and Yahoo! Japan Capital formed EV Growth as a joint venture to invest in startups in Indonesia and Southeast Asia without any inclination towards specific industries.

“The inflection point in South-east Asia is now and we are lucky to be here early... We plan to deploy US$325 million for South-east Asian startups combining active funds size, for both seed and growth stage,” said Wilson Cuaca, managing partner of EV Growth and co-founder of East Ventures.

- From our Sponsors -

Latest Jobs

Affiliate Marketing Manager

Binance

Singapore

Full Time

SGD 2000 — SGD 2500 monthly

Senior Analyst, Product

Carsome

Petaling Jaya, Singapore

Full Time

Salary Undisclosed

Strategy and Growth Lead

Pluang

Jakarta, Indonesia

Full Time

Salary Undisclosed

3D Creative Designer

Nervape

Singapore , Singapore

Full Time

USD 4000 — USD 7000 monthly

Business Development Manager

Tourplus

Kuala Lumpur, Malaysia

Full Time

MYR 10000 — MYR 30000 monthly

Business Development Intern

BEAMSTART

Damansara Uptown, Malaysia

Internship

MYR 400 — MYR 500 monthly

HR Consultant/Recruiter

Fortune Cookie Wisdom Pte Ltd

Remote, Singapore

Contract / Freelance

Salary Undisclosed

Business Development Manager

Lumirous

Kuala Lumpur, Malaysia

Full Time

Salary Undisclosed

Online English Teacher

NativeCamp

Remote, United Kingdom

Contract / Freelance

Salary Undisclosed

UI/UX Designer

Soft Space

Kuala Lumpur, Malaysia

Full Time

Salary Undisclosed

Syamil Faisal

Founder at Conscious Creatives. Storyteller.

Based in Selangor / Malaysia

Works at Conscious Creatives

Education Not Specified

empati.com.my

Also Mentioned


Temasek Holdings

Temasek is an investment company based in Singapore, with a focus on delivering sustainable returns over the long term.

More Related Stories

Community Discussions

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).