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Indonesia-based AC Ventures Closes US$210 Mn Fifth Investment Fund

An early-stage technology venture fund, AC Ventures announced the final close of US$210 million fifth investment fund (ACV Fund V). With the support from both existing and new limited partners (LPs), including institutions such as The World Bank’s IFC - International Finance Corporation and other global investors from the US, the Middle East, and North Asia.
Top, left to right: Founding Partner Pandu Sjahrir, Founder & Managing Partner Michael Soerijadji. Down, left to right: Founder & Managing Partner Adrian Li, Managing Partner Helen Wong

An early-stage technology venture fund, AC Ventures announced the final close of US$210 million fifth investment fund (ACV Fund V). With the support from both existing and new limited partners (LPs), including institutions such as The World Bank’s IFC – International Finance Corporation and other global investors from the US, the Middle East, and North Asia.

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The fund will concentrate on consumer, fintech, micro- and small-business and commerce companies that have a positive social and economic effect in Indonesia. Fund V features co-investment funds to make further investments in the firms in AC Ventures’ current portfolio, with a focus on climate technology. Starting with Fund V, AC Ventures has already made investments in companies including Koltiva, a sustainable agricultural firm, and MAKA Motors, an Indonesian EV manufacturer.

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“With ACV Fund V, we are not just investing in companies with significant financial upside, but in a future where economic success and societal impact go hand in hand,” explained Founder and Managing Partner Adrian Li. “Our focus on financial returns and sustainability is not only a reflection of what is trending in the market. It is a fundamental cornerstone of our long-term investment philosophy to create significant value for all stakeholders.”

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Euan Marshall, IFC country manager for Indonesia and Timor-Leste, said: “The dynamic growth of tech-enabled businesses has become a major catalyst for innovation. It not only generates employment opportunities for young people, but it also provides innovative solutions that enable better delivery of vital services that address pressing development challenges.”

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About AC Ventures

Founded in 2020, AC Ventures is a an early-stage technology venture fund that focuses on investing in Indonesia’s digital disruptors. Formed through the merger of leading VC firms Agaeti Venture Capital and Convergence Ventures, AC Ventures’s mission is to partner and support entrepreneurs with more than capital, combining operating experience, industry knowledge and deep local network to bring value.

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AC Ventures’s vision is to be a generational partner to entrepreneurs driving positive change to Indonesia and beyond through technology enabled ventures.

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