# East Ventures / SV Investment Southeast Asia fund
The [East Ventures](https://www.edgepedia.org/east-ventures)–SV Investment Southeast Asia fund, formally the "East Ventures South Korea fund in partnership with SV Investment," is a US$100 million venture capital fund that invests across Southeast Asia and South Korea, managed jointly by Indonesia-based East Ventures and Seoul-based SV Investment. It was announced on 5 October 2023 with a US$100 million target, first closed at US$100 million on 10 February 2025, and was active as of its last recorded event in February 2025.[1](https://east.vc/id/berita/press-release/east-ventures-dan-sv-investment-meluncurkan-dana-khusus-sebesar-us100-juta-untuk-koridor-investasi-asia-tenggara-korea-selatan) • [2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/)
The vehicle differs from East Ventures' own flagship funds in two ways: it is a dedicated cross-border fund run jointly with a Korean firm rather than a Southeast Asia-only seed or growth fund, and it carries an anchor commitment from a Korean state-owned institution, the Korea Development Bank (KDB).[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/) • [3](https://east.vc/news/insights/key-facts-east-ventures)
| Fact | Detail |
|---|---|
| Announced | 5 October 2023, as the "East Ventures South Korea fund in partnership with SV Investment"[1](https://east.vc/id/berita/press-release/east-ventures-dan-sv-investment-meluncurkan-dana-khusus-sebesar-us100-juta-untuk-koridor-investasi-asia-tenggara-korea-selatan) |
| First close | US$100 million, 10 February 2025[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/) |
| Anchor LP | Korea Development Bank, Korea's state-owned development bank, plus a strategic commitment from "one of the world's leading neobanks" (unnamed)[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/) |
| Managers | East Ventures (Indonesia) and SV Investment (Seoul), a publicly listed Korean VC/PE firm[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/) |
| Target sectors | Biotech & healthcare, future mobility, green technology, media & content[4](https://technode.global/2023/10/06/east-ventures-and-sv-investment-announce-the-100m-dedicated-fund-for-southeast-asia/) |
| Strategy | Series-A to B, revenue-generating startups; US$1–3 million checks as lead investor[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/) |
| Status | Active as last recorded (February 2025); final close targeted for mid-2025, not confirmed in available sources[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/) |
## History and partners
East Ventures announced the fund on 5 October 2023 together with SV Investment, a South Korean venture capital and private equity firm founded in 2006 and headquartered in Seoul.[1](https://east.vc/id/berita/press-release/east-ventures-dan-sv-investment-meluncurkan-dana-khusus-sebesar-us100-juta-untuk-koridor-investasi-asia-tenggara-korea-selatan) • [2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/) SV Investment is publicly listed and, per the February 2025 announcement, manages more than US$1.5 billion in assets across its venture capital and private equity funds; it was an early investor in HYBE, the management agency of BTS.[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/)
The two named managing partners are Roderick Purwana, Managing Partner at East Ventures, and David Junghun Bang, Managing Partner at SV Investment.[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/) At the October 2023 launch, Bang said SV saw "great potential in Southeast Asia" and believed Indonesia was leading the region's growth as its largest economy.[4](https://technode.global/2023/10/06/east-ventures-and-sv-investment-announce-the-100m-dedicated-fund-for-southeast-asia/)
East Ventures itself was founded in 2009 by Willson Cuaca, Taiga Matsuyama, and Batara Eto, all of whom serve as Managing Partners; Eto was previously CTO of the Japanese gaming company Mixi, and [Matsuyama](https://www.edgepedia.org/matsuyama) worked at [Accenture](https://www.edgepedia.org/accenture), contributed to [Yahoo Japan](https://www.edgepedia.org/yahoo-japan)'s launch, and established the Kronos fund, according to the firm's own account.[3](https://east.vc/news/insights/key-facts-east-ventures)
## Strategy and investment focus
The fund's stated thesis is an "investment corridor" between the Southeast Asian and Korean venture ecosystems, covering capital investment, knowledge transfer, and network sharing; it also aims to help Korean startups attract foreign capital and pursue overseas IPOs.[4](https://technode.global/2023/10/06/east-ventures-and-sv-investment-announce-the-100m-dedicated-fund-for-southeast-asia/) • [1](https://east.vc/id/berita/press-release/east-ventures-dan-sv-investment-meluncurkan-dana-khusus-sebesar-us100-juta-untuk-koridor-investasi-asia-tenggara-korea-selatan)
It targets revenue-generating startups raising Series-A to B funding, writing US$1 million to US$3 million checks as lead investor on "high-conviction opportunities driven by exceptional founders."[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/) Target sectors named at launch include biotech & healthcare, future mobility, green technology, media and content, and others.[4](https://technode.global/2023/10/06/east-ventures-and-sv-investment-announce-the-100m-dedicated-fund-for-southeast-asia/)
## Fundraising and LPs
The fund's first close, announced on 10 February 2025, reached US$100 million, the full target announced in 2023. Anchor capital came from the Korea Development Bank, Korea's state-owned development bank, alongside a strategic commitment from one of the world's leading neobanks, which the announcement did not name.[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/) At first close the fund was on track for a final closing by mid-2025; available sources do not record whether that final close occurred.[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/)
## The sponsors' track records in comparison
The corridor fund sits alongside a larger East Ventures platform. The firm's seed funds run from a US$2 million first fund closed in 2010 to East Ventures 9 at US$150 million in 2022, with ticket sizes from US$200,000–500,000 rising to US$2 million including follow-ons.[5](https://ionanalytics.com/insights/mergermarket/east-ventures-believes-liquidity-events-can-counteract-southeast-asias-efishery-blues-gp-profile/) Its debut growth fund raised US$250 million in 2019 under a co-GP structure with Sinar Mas Digital Ventures and Japan's YJ Capital (now Z Venture Capital); the structure was dissolved in 2022. In 2023 the firm collectively raised US$380 million across multiple funds.[5](https://ionanalytics.com/insights/mergermarket/east-ventures-believes-liquidity-events-can-counteract-southeast-asias-efishery-blues-gp-profile/) • [7](https://techsauce.co/en/news/east-ventures-2023-recap-2024-outlook)
East Ventures reports more than 300 portfolio companies and more than 45 successful exits, including unicorns [Tokopedia](https://www.edgepedia.org/tokopedia), Traveloka, Xendit, and Carro (self-reported).[3](https://east.vc/news/insights/key-facts-east-ventures) It was the first investor in Tokopedia and [Traveloka](https://www.edgepedia.org/traveloka) and an early investor in Waresix, Xendit, Sociolla, and ShopBack.[4](https://technode.global/2023/10/06/east-ventures-and-sv-investment-announce-the-100m-dedicated-fund-for-southeast-asia/) Notable acquisitions of portfolio companies include Kudo (bought by Grab in 2017), Moka ([Gojek](https://www.edgepedia.org/gojek), 2020), and Tech in Asia (SPH Media, January 2024).[3](https://east.vc/news/insights/key-facts-east-ventures) A Mergermarket GP profile puts the firm's assets under management above US$1.5 billion; an earlier 2023 figure quoted a partner putting AUM at about US$1 billion, so the AUM figure has grown or varies by source.[5](https://ionanalytics.com/insights/mergermarket/east-ventures-believes-liquidity-events-can-counteract-southeast-asias-efishery-blues-gp-profile/) • [6](https://asiatechdaily.com/east-ventures-and-sv-investment-inject-100m-fund-to-supercharge-tech-startups-in-southeast-asia/)
On the Korean side, SV Investment's reported credentials are its public listing, more than US$1.5 billion in assets under management, and its early bet on HYBE.[2](https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/)
Compared with East Ventures' first seed fund (US$2m), East Ventures 9 (US$150m), and the debut growth fund (US$250m), the corridor fund at US$100 million sits between the largest seed fund and the debut growth fund, and it is a dedicated fund run jointly with an external Korean manager.[3](https://east.vc/news/insights/key-facts-east-ventures) • [5](https://ionanalytics.com/insights/mergermarket/east-ventures-believes-liquidity-events-can-counteract-southeast-asias-efishery-blues-gp-profile/)
## References
1. East Ventures press release: "East Ventures dan SV Investment meluncurkan dana khusus sebesar US$100 juta untuk koridor investasi Asia Tenggara – Korea Selatan" — https://east.vc/id/berita/press-release/east-ventures-dan-sv-investment-meluncurkan-dana-khusus-sebesar-us100-juta-untuk-koridor-investasi-asia-tenggara-korea-selatan
2. TechNode Global: "East Ventures, SV Investment announce first close of $100M Southeast Asia-South Korea investment corridor fund" — https://technode.global/2025/02/10/east-ventures-sv-investment-announce-first-close-of-100m-southeast-asia-south-korea-investment-corridor-fund/
3. East Ventures: "16 key facts about East Ventures" — https://east.vc/news/insights/key-facts-east-ventures
4. TechNode Global: "East Ventures and SV Investment announce the $100M dedicated fund for Southeast Asia" — https://technode.global/2023/10/06/east-ventures-and-sv-investment-announce-the-100m-dedicated-fund-for-southeast-asia/
5. Mergermarket / ION Analytics: "East Ventures believes liquidity events can counteract Southeast Asia's eFishery blues – GP Profile" — https://ionanalytics.com/insights/mergermarket/east-ventures-believes-liquidity-events-can-counteract-southeast-asias-efishery-blues-gp-profile/
6. Asia Tech Daily: "East Ventures and SV Investment Inject $100m Fund in Southeast Asia" — https://asiatechdaily.com/east-ventures-and-sv-investment-inject-100m-fund-to-supercharge-tech-startups-in-southeast-asia/
7. Techsauce: "East Ventures consistently races in the perfect storm: 2023 Recap & 2024 Outlook" — https://techsauce.co/en/news/east-ventures-2023-recap-2024-outlook
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*Topic: Encyclopedia › Society and history › Economics and business › Finance › Venture capital and private equity › Venture capital firms of Asia-Pacific*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026; Oct 25, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license