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# Indonesian VC firm East Ventures raises $550 million
- URL: https://www.techloy.com/indonesian-vc-firm-east-ventures-raises-550-million/
- Published: 2022-05-10T11:31:02.000Z
- Updated: 2022-12-08T00:28:35.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Money, Tech in Indonesia, Tech in Asia

[East Ventures](https://east.vc/), an Indonesia-based venture capital firm has raised $550 million in its latest funding round. The firm claims $150 million will be allocated to early-stage deals while $400 million goes to growth-stage deals. 

- East Ventures is moving 200 companies from early stages to growth stages and has secured $6.7 billion in follow-up to fund portfolio companies.
- The firm recently invested $1 million in Bananas, a commerce startup, $3 million in Fraction, an NFT startup and Nusantics, a genome-focused startup.