East Ventures on Instagram: "We have announced the close of our sixth fund at $75 million, exceeding more than double our initial $30 million target. . This oversubscribed fund is supported by a diverse set of strong backers of high net worth individuals (HNWI), Asian family offices, fund of funds, and several sovereign wealth funds, such as Pavilion Capital, Adams Street Partners, Temasek, Sinarmas Group, Triputra Group, Emtek Group, Wang Xing (CEO of Meituan-Dianping), Eduardo Saverin (Co-Founder of Facebook), and Kaling Lim (Co-Founder of Razer). . Most of the LPs of this fund are returning LPs. . We received so many support from our investors and decided to expand, but hard limit, the fund to $75M. We could have raised more but we wanted to maintain certain disciplines in this euphoria era. It is important to the ecosystems that the value creation velocity matches with valuation expectations and this will translate to how our fund performs to our stakeholders. . What matters to us is to be known as the best performing fund instead of the biggest fund in Southeast Asia. . With this new fund, we cemented our commitment to continuously support the Southeast Asian startup ecosystem, particularly Indonesia. It will further our mission of building the digital infrastructure in Indonesia and creating opportunities for young digital entrepreneurs to build long and sustainable companies, by Indonesia for Indonesia. . Link: bit.ly/EVfund6 . #eastventures #startup #venturecapital"