EV Growth is a Singapore-based venture capital firm formed as a joint venture between East Ventures, SMDV (Sinar Mas' venture arm), and YJ Capital (Yahoo Japan). It provides growth capital to startups in Indonesia and across Southeast Asia, focusing on the Series B funding gap.
32% of their portfolio is in E-Commerce & Marketplace. They made 1 investment in the last 12 months. Average disclosed round size is $50.7M (across 19 rounds with reported amounts).
Portfolio
14
Fund Size
$250M
Top Stage
Growth
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
22 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Carro | Growth | $60M | Sep 2025 |
 Xendit | Series D | $300M | May 2022 |
 Bibit | Growth | $30M | Jan 2021 |
 Mekari | Series D | $18M | Jan 2021 |
 Homage | Series C | $30M | Jan 2021 |
 Waresix | Series B | $100M | Sep 2020 |
 Homage Co | Series B | — | Jan 2020 |
 Sendo | Series C | $61M | Nov 2019 |
| Waresix | Series A | $14.5M | Jul 2019 |
 KoinWorks | Series B | $12M | Jun 2019 |
 ShopBack Retail | Series B | $45M | Apr 2019 |
| WWarung Pintar | Series B | $27.5M | Jan 2019 |
 Sociolla | Series D | $40M | Jan 2019 |
| ShopBack Retail | Growth | $45M | Jan 2019 |
| Sendo | Series C | $61M | Jan 2019 |
| KoinWorks | Series B | — | Jan 2019 |
 Moka | Series B | $24M | Sep 2018 |
| Sociolla | Series C | $12M | Jan 2018 |
| Sociolla | Growth | $12M | Jan 2018 |
| Carro | Growth | — | — |
 Shopback | Growth | $45M | — |
| Homage | Growth | $26.6M | — |
Top Co-Investors
EDBI4 shared
SBVA4 shared
Sequoia Capital3 shared
Rakuten Capital3 shared
Jungle Ventures3 shared
Digital Garage, Inc.3 shared
AC Ventures2 shared
Hearst Ventures2 shared
SMDV2 shared
Quona Capital2 shared
L Catterton2 shared
BEENEXT2 shared
SEEDS Capital2 shared
Beenos2 shared
Y Combinator2 shared
500 Global1 shared
Peak XV Partners1 shared
Kleiner Perkins1 shared
Coatue Management LLC1 shared
Last updated: 7 October 2026