- Managing Partner Koh Wai Kit exited Indonesia’s East Ventures VC to an advisory post.
- His surprise departure follows other executive losses like David Fernando Audy recently.
- But East Ventures holds strong with new funds amidst over 300 backed startups.
Koh Wai Kit has departed his managing partner role at Indonesian VC firm East Ventures this month in an amicable transition to an advisory position, a company spokesperson confirmed. No replacement plans are imminent currently.
Early promotion
Koh joined East Ventures as a venture partner in 2021 before getting promoted to lead the early-stage investment firm alongside founders Willson Cuaca and Batara Eto.
He previously held senior roles across Singapore’s public and private sectors.
A string of recent departures
The surprise senior personnel change follows operating partner David Fernando Audy’s leaving East Ventures’ growth fund last November after almost 3 years. But the VC powerhouse continues strengthening regional operations.
Since its 2009 founding, East Ventures has backed over 300 startups across Southeast Asia. Last October, the firm launched a $100 million Korean investment fund and a separate $30 million healthcare fund targeting Indonesia.
Entering on a strong growth trajectory
While losing two key executives, East Ventures enters 2024 on a strong growth trajectory via new vertical-focused funds and over a decade of digital economy dealmaking experience across Indonesia.
Koh and Audy leave big shoes to fill at one of the region’s top VCs.
