EAST Ventures and Seoul-headquartered SV Investment have teamed up to launch a new fund dedicated to South-east Asian and South Korean investments, both parties said on Friday (Oct 6).

The fund will have a target of US$100 million and be invested in startups and companies across key sectors, including biotech and healthcare, future mobility, green technology, as well as media and content.

Both parties aim to link the South-east Asian and Korean venture ecosystem through capital investment, knowledge transfer and network sharing, the companies said.

The fund will help Korean tech startups and companies attract foreign capital, promote overseas venture companies’ initial public offerings and facilitate the exchange of expertise and know-how.

“We are seeing great potential in South-east Asia, and believe Indonesia is leading the growth as the largest economy in the region,” said SV Investment managing partner David Junghun Bang.

East Ventures, founded in Indonesia in 2009, was an early backer of Indonesia e-commerce platform Tokopedia, travel platform Traveloka and Singapore-headquartered ShopBack.

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