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In the center of a long funding winter , AC Ventures ’ latest intelligence will give Southeast Asiatic startups trust .
The Jakarta , Indonesia – base venture business firm announced today it has raised $ 210 million , finish the final close on its 5th fund , squall ACV Fund V. Limited partners let in the World ’s Bank ’s IFC and investor from the United States , the Middle East and North Asia . More than 50 % of the investment trust came from return LPs and institutional capital makes up over 90 % of its total .
AC Ventures has already begin endow from Fund V in startup like Indonesian electric vehicle maker MAKA Motors and sustainable farming startup Koltiva . The firm now has over $ 500 million in assets under management across its five funds . Fund V will add around 25 companies to AC Ventures ’ current portfolio of 120 startups . Its bank check size of it will ramble between $ 2 million and $ 5 million but count on investing opportunities . For example , startups that are grow quick and align with AC Ventures ’ impact goals might get a assay of around $ 20 million to $ 30 million .
When asked what raising Fund V was like during the ongoing funding slacken down , atomic number 27 - founder and managing partner Adrian Li tells TechCrunch “ 2023 was a thought-provoking time for venture and technology line in the context of fundraising , perhaps one of the knotty in the past decade . ” On the other paw , AC Ventures institute new and return circumscribed partners who saw the same upside in Indonesia and Southeast Asia as it oes .
“ Our modified spouse share a firm belief that thought-provoking time often soften the good investing opportunity , ” Li says . “ We have secure confidence that our latest fund will prove to be one of the best vintages , thanks to Indonesia ’s on-going , long - term demographic trends and robust economic fundamentals . ” He adds that over the past year , the AC Ventures squad has met more high - quality teams that prioritize gainfulness and are available for investment at good valuation than in the past .
AC Ventures invests across Southeast Asia , but Indonesia is at the top of its investiture strategy because the rural area represents 40 % of the region ’s saving . Jakarta ’s economy is expected to grow to $ 360 billion by 2030 and the country has pro - investment policies , include initiatives and reform to make its digital economy strong . AC Ventures co - founder and managing partner Michael Soerijadji say Indonesia ’s economic growth is driven in large part by individual consumption , plus fabrication , services and exports .
For Fund V , Li say the firm is particularly interested in fintech , east - commerce , wellness tech , MSME enablement and clime . The team is also excited by startup that address consumers in areas like on-line retail , consumer services and consumption upgrades as digital acceptance continues to grow .
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“ We trust there ’s substantial commercial enterprise potential that can tap into these change pattern and extend unique , time value - driven solution to Indonesian consumers which can not only displace incumbents but drive fresh markets as well , ” Li says .
AC Ventures work with its inauguration by support their business development and strategical partnerships , giving them advice on come up talent , government telling , financial provision and fundraising . It also advises them on selling , PR and ESG .
One of AC Ventures ’ priorities is gift in firms that have high environmental and societal shock . It enounce that its third fund , Fund III , had an overall wallop proportion of +37 % as assess by Finland ’s The Upright Project , couch it above the Nasdaq Small Cap Index average of +29 % . Managing collaborator Helen Wong aver that when AC Ventures looks at startup , it runs baseline assessments across four areas : environment , health , order and knowledge .
It also strongly encourages sexuality parity . Fifty percent of its leaders are women , and in its portfolio , 41 % of C - stage leaders are also woman . Wong say AC Ventures is a signer of the UN ’s Women ’s Empowerment Principles and IFC ’s Invest2Equal programme . It encourages its troupe to take an inclusive advance to hiring and evolve leadership and has host events with LPs like IFC to facilitate networking and mentorship for female founders .
“ Showcasing the winner stories of female - led startup in our portfolio is another key aspect , ” she says . “ It do powerful examples for others to comply . ”
