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January 24, 2024
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AC Ventures Raises the Bar with $210M in Fifth Fund

AC Ventures, a Jakarta-based venture capital firm, has closed its fifth investment fund, ACV Capital V L.P., raising a total of US$210 million. The fund includes co-investment funds and has attracted limited partners such as the World Bank’s IFC, as well as prominent financial institutions from the US, the Middle East, and North Asia. This fund will be used to support and invest in early-stage startups in Indonesia. AC Ventures specializes in investing in sectors such as e-commerce, fintech, and health tech. The firm aims to foster the growth and development of the Indonesian startup ecosystem by providing not only capital but also strategic support and mentorship to entrepreneurs. AC Ventures’ previous investments include companies like Ula, a B2B e-commerce platform, and LoveLocal, an online marketplace for local businesses. This successful fund closure demonstrates the continued interest and confidence of investors in the Indonesian startup market.
Investment details:
– AC Ventures has closed its fifth investment fund, ACV Capital V L.P., raising US$210 million.
– Limited partners include the World Bank’s IFC and financial institutions from the US, the Middle East, and North Asia.
– The fund will be used to support early-stage startups in Indonesia.
Focus areas and previous investments:
– AC Ventures specializes in investing in sectors such as e-commerce, fintech, and health tech.
– The firm aims to foster the growth of the Indonesian startup ecosystem.
– Previous investments include Ula and LoveLocal.

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