APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    VC Firm EV Growth Closes Debut Fund at $250M

    The firm reopened its inaugural Venture Capital fund in November due to the persistent interest in the vehicle from prospective limited partners, and investors.  

    VC Firm EV Growth Closes Debut Fund at $250M

    By

    Apac CIOOutlook | Friday, January 03, 2020

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    The firm reopened its inaugural Venture Capital fund in November due to the persistent interest in the vehicle from prospective limited partners, and investors.

    Fremont, CA: EV Growth, a Singapore-based venture capital firm, announced the closing of its reopened first fund at $250 million, way beyond the initial target of $150 million. The firm EV Growth is a joint venture between East Ventures, Sinar Mas, and Yahoo! Japan, has made a final close of the fund at $200 million.

    "This milestone is the result of the firm's admission of new LPs, which include several Asian-based family offices and two of Asia's largest sovereign wealth funds, including Temasek," the firm said.

    The firm reopened its inaugural Venture Capital fund in November due to the persistent interest in the vehicle from prospective limited partners, and investors. The main investors were SoftBank Group Corp, Indies Capital, and Pavilion Capital. Fifty percent of the funds committed have already been deployed in 20 deals.

    Among 20 deals, Indonesian edutech Ruangguru, regional cashback startup Shopback, beauty-tech Sociolla, Indonesian SME lender Koinworks, Vietnamese e-commerce Sendo, micro-retail tech startup Warung Pintar, co-working space provider CoHive, mobile point-of-sale startup MokaPOS, and on-demand warehouse startup Waresix are the major investments which EV Growth has already declared.

    EV Growth also coupled up with investors like Singapore's GIC, which backed a $420-million financing for Indonesian unicorn Traveloka. The firm reported that 80 percent of its selection companies are Indonesia-based, where the fund's IRR stands at 36 percent.

    "We plan to deploy $325 million for Southeast Asian startups combining active funds size, for both seed and growth stage," said EV Growth managing partner Willson Cuaca. "EV Growth would maintain the pace that East Ventures has recorded over the last couple of years, which is over a deal a month, and sometimes even a deal a week," he added.

    Having it’s headquarter in Singapore, EV Growth also shares its office with China and US-based VC major GGV Capital. Vertex Ventures, another VC fund in the market, hit its first close at $230 million for India fund, B Capital Group, and Jungle Ventures.

    See also: Top Capital Markets Technology Solution Companies

    More in News

    Real-Time Insights Fueling Smarter Brand Strategies

    Real-Time Insights Fueling Smarter Brand Strategies

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Enhancing Customer Satisfaction through Omni-Channel Payments

    Enhancing Customer Satisfaction through Omni-Channel Payments

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/vc-firm-ev-growth-closes-debut-fund-at-250m-nwid-7241.html