# PT Evi Asia Tenggara

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-evi-asia-tenggara

- Industry: Real Estate Development & Operating Companies
- Headquarters: Jakarta, Indonesia
- Website: www.cohive.space
- Total disclosed funding: $42M
- Latest round: Series B (Apr 14, 2022)
- Investors on record: 19

## About

PT Evi Asia Tenggara, based in Jakarta, Indonesia, operates in the coworking sector, providing innovative workspace solutions aimed at enhancing user experience and efficiency for a diverse clientele.Founded in 2015, PT Evi Asia Tenggara specializes in offering services for coworking and flexible workspaces. The company is led by Jason Lee, who is also the CEO, and has been involved in multiple ventures prior to this. PT Evi Asia Tenggara has successfully completed 5 deals, with the most recent funding round being a Series B in January 2023, where they raised USD 16.47 mn led by Stonebridge Ventures. The company has achieved a total raised amount of USD 16.47 mn and currently holds a valuation of USD 92.82 mn.Cohive specializes in innovative solutions for the coworking and flexible workspace market. Their core offerings include customizable workspace management software and integrated amenities targeting freelancers and larger enterprises. These products streamline booking processes, optimize workspace utilization, and foster community engagement. Cohive serves a diverse client base including startups and established corporations, focusing primarily on urban markets across North America and Europe.Cohive generates revenue through a subscription model for its workspace management platform, allowing clients to pay based on user count or workspace usage. Additionally, they offer direct-to-consumer options such as day passes and monthly memberships. This transactional structure supports steady revenue generation and enhances long-term user relationships, with pricing plans designed to cater to various customer needs.In January 2023, PT Evi Asia Tenggara filed for bankruptcy protection, which has impacted their growth strategy. While specifics regarding new product launches or market expansions are unclear at this time, the recent Series B funding may facilitate future initiatives aimed at restructuring and revitalizing their business operations.

## Funding rounds

- Series B, Apr 14, 2022, $16M — East Ventures, LINE Ventures, Kolon Investment, Naver Corp., H&CK Partners, Agaeti Venture Capital, Stassets Investment, Stonebridge Ventures, Kembangan Holdings Ltd., Jacumen Investment
- Series A, Oct 14, 2019, $21M — STIC Investments, SBVA, East Ventures, LINE Ventures, Naver Corp., Intudo Ventures, Insignia Ventures Partners, H&CK Partners, Sinar Mas, DIVINE BLESSING INVESTMENTS LTD, GREAT MERITUS HOLDINGS LTD, Kembangan Holdings Ltd., Jacumen Investment
- Seed, Oct 30, 2017, $3.5M — East Ventures, SMDV, Insignia Ventures Partners, Sinar Mas Land, GREAT MERITUS HOLDINGS LTD, Kembangan Holdings Ltd.
- Seed, May 15, 2017, $0.8M — East Ventures, SMDV, Sinar Mas

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A, Series B
- SMDV (https://capitalatlas.ai/funds/smdv) — Seed
- Sinar Mas — Seed, Series A
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Seed, Series A
- Sinar Mas Land — Seed
- GREAT MERITUS HOLDINGS LTD — Seed, Series A
- Kembangan Holdings Ltd. — Seed, Series A, Series B
- STIC Investments (https://capitalatlas.ai/funds/stic-investments) — Series A
- SBVA (https://capitalatlas.ai/funds/sbva) — Series A
- LINE Ventures (https://capitalatlas.ai/funds/line-ventures) — Series A, Series B
- Naver Corp. — Series A, Series B
- Intudo Ventures (https://capitalatlas.ai/funds/intudo-ventures) — Series A
- H&CK Partners — Series A, Series B
- DIVINE BLESSING INVESTMENTS LTD — Series A
- Jacumen Investment — Series A, Series B
- Kolon Investment (https://capitalatlas.ai/funds/kolon-investment) — Series B
- Agaeti Venture Capital (https://capitalatlas.ai/funds/agaeti-venture-capital) — Series B
- Stassets Investment (https://capitalatlas.ai/funds/stassets-investment) — Series B
- Stonebridge Ventures — Series B