1. Startup

EV Growth Officially Merges with East Ventures

There is a change in managerial structure, the SMDV and EV Growth teams joined East Ventures

East Ventures (EV) announced its leadership for EV Growth, a joint venture formed in 2018 with SMDV and ZVC (formerly Yahoo Japan Capital). This restructuring affects the managerial structure in the internal EV and EV Growth and SMDV teams will join the force.

Roderick Purwana will be appointed as Managing Partner of East Ventures. David Tendian will be appointed as Operating Partner at SMDV. Shiniciro Hori will remain on EV Growth's investment committee.

This merger is said to make EV the largest venture capitalist in Southeast Asia with more than 60 staff members and 8 partners, including Melisa Irene (Seed Partner), David Audy (Operating Partner), Triawan Munaf (Venture Adviser), and Koh Wai Kit (Venture Partner).

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