East Ventures' New Fund Closes $550 Million Fundraising

Indonesian venture capital firm East Ventures has closed a $550 million fundraising round for its new fund, which will focus on investments in fintech, Web3, e-commerce and other sectors. The fund is said to focus on early-stage startups, with plans to allocate $150 million for early-stage deals and $400 million for growth-stage deals, and the size of individual investments will be in the range of $100-10 million.