Former Sequoia partner Yinglan Tan’s new fund backs Indonesian co-working chain

Photo credit: Yinglan Tan.

On the back of a wave of co-working-related funding news comes another announcement, this time from Indonesia-based co-working chain EV Hive, which has raised US$3.5 million.

The “pre-series A round” was led by Insignia Venture Partners – the VC firm launched recently by Yinglan Tan, a former partner at Sequoia Capital. It’s Tan’s first publicly announced investment after his departure from Sequoia.

See: Yinglan Tan raises $25m for debut fund

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