East Ventures Growth or EV Growth is a joint venture capital fund created to focus on Indonesian startup industry between East Ventures, SMDV, and Yahoo Japan Capital. SMDV is the venture capital arm of Indonesian conglomerate Sinar Mas. Roderick Purwana from SMDV, Shinichiro Hori from Yahoo Japan Capital, and Willson Cuaca from East Ventures co-founded the company in May 2018. The fund was launched in 2018 with a target of $150 million to bridge Southeast Asia’s Series B funding gap. The fund closed at $200 million on May 2019.
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