Fun, fun, funds! Indonesia-based East Ventures just announced their $30M fund, which they say is “dedicated to supporting innovative healthcare solutions in Indonesia.”

• Scoop: This is their first healthtech-focused fund!

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👁️ About the VC

If you’re an OG reader of BackScoop (or active in SEA’s startup space), then you’re probably familiar with East Ventures. 

• They’re one of the most active investors in the region! 
• Some past investments include Traveloka, Tokopedia, and Glints.

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💊 Their healthtech investments

Curious to know more? Here are some of their recent investments in the healthcare sector: 

• 🇸🇬 Amili, which offers gut-healing products and solutions, raised $$$ earlier this May. 
• 🇸🇬 MeshBio, which uses predictive analytics to streamline chronic disease management, raised an undisclosed amount last week. 
• 🇮🇩 DiriCare, which is a one-stop solution for patients with skin, hair, and sexual health conditions, raised $4.3M last year. 

Early fans? They were also early investors in genomics-related startups NalaGenetics and Nusantics.

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💤 Deja vu

They’ve recently partnered up with South Korean VC firm SV Investment to launch a $100M fund that targets key sectors like biotech & healthcare, future mobility, green technology, media & content, and others.

• Apart from that, they also closed a $250M Growth Plus fund this year, which targeted growth-stage startups in their portfolio.