Indonesia’s co-working and community operator EV Hive announced has secured a US$20 million Series A investment led by Softbank Ventures Korea, H&CK Partners and Tigris Investment. New investors, including Naver, LINE Ventures and STIC Investments as well as existing investors East Ventures, SMDV, PT Sinar Mas Land, Insignia Venture Partners, Intudo Ventures and private tech-focused angel investor Michael Widjaya and Chris Angkasa also participated in the funding round.
EV Hive currently manages more than 30,000 square meters of workspace in 21 locations across Indonesia, with eight additional locations under construction. Sinar Mas Land CEO Michael Widjaya said that the existing partnership with EV Hive at Breeze Bumi Serpong Damai (BSD) in Tangerang province had successfully attracted the young generation of entrepreneurs and tech-startups.
