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AC Ventures, empowering changemakers in Indonesia & Southeast Asia
Featured Stories
How Indonesia’s entrepreneurs can capitalize on this moment
In a recent opinion piece for Forbes Indonesia, AC Ventures founder and managing partner Adrian Li shared insights for entrepreneurs on how they can use today's economic slump to become tomorrow's tech champions. Learn more here
 
AC Ventures reaches first close of a $250M fund for Southeast Asian startups

AC Ventures (ACV), a venture firm focused on early-stage startups in Indonesia and the rest of Southeast, Asia has reached the first close of its fifth investment fund (Fund V). The fund is targeting $250 million and has raised 65% of that capital so far from new and existing limited partners. Fund V has already made five investments, including SkorLife, IDEAL, and Atma. 
Learn more via TechCrunch

 
Indonesia will soon see a proper credit boom for businesses, consumers

Much like China, Indonesia is driven by mobile internet, meaning it can quickly catch up to developed internet economies, said Adrian Li of AC Ventures in a recent interview. Learn more via E27.

 
Our Insights
How ALAMI is reshaping the US$2 trillion global Islamic finance game with new tech

Today’s global Islamic banking sector is worth close to US$2 trillion and growing at a CAGR of 14%. Islamic banking has a 6% share in global banking assets. Meanwhile, Indonesia’s Islamic finance market share is set to cross the 10% threshold. For ALAMI, this offers a large and fast-growing market opportunity. Enjoy the full episode on SpotifyApple Podcasts, and Google Podcasts

 How Aruna connects Indonesia's 12 million small-scale fishermen to the global market
Our latest podcast hosted by Michael Soerijadji of AC Ventures unpacks Indonesia's maritime and fisheries sector. Joining Michael is Farid Naufal Aslam, co-founder and CEO of Aruna, the country's largest integrated fisheries commerce platform.
Enjoy the full episode on SpotifyApple Podcasts, and Google Podcasts.
How to venture into blockchain during a recession

Now that we’re clearly in a recession, many investors are closing the door on blockchain plays for time being. The ‘crypto winter’ we now find ourselves in is largely to blame.

However, we urge investors not to paint with ‘too broad a brush’ in dismissing blockchain-based opportunities. Instead, try to recognize the far broader relevance of blockchain to our future, rather than just looking at it as mere architecture for cryptocurrencies. Learn more here

 
Portfolio News Bites
Indonesian crypto exchange Reku grabs US$11M led by AC Ventures, joined by Coinbase Ventures
Indonesia-based crypto exchange and marketplace Reku (formerly Rekeningku.com) secured US$11 million in series A funding, led by AC Ventures, with participation from Coinbase Ventures and Skystar Capital. Read about it here.
Indonesia’s SkorLife scores US$2.2M to help locals build credit properly

Indonesia-based credit tech startup SkorLife announced that it raised a US$2.2 million pre-Seed funding round from a group of high-profile investors. AC Ventures participated in the round, along with Saison Capital and an all-star list of angel investors in Asia. Read about it here.

 
ESB, Indonesia’s largest restaurant management SaaS, locks in US$29M

ESB, Indonesia’s largest fully-integrated restaurant management SaaS platform, announced earlier today that it raised a US$29 million series B funding round led by Northstar Group and Alpha JWC Ventures, with participation from existing investors AC Ventures, BEENEXT, and Vulcan Capital. Read about it here.

 
Disrupting Indonesia’s oral wellness space, Klar Smile bags US$4.55M
Klar Smile, an oral wellness startup in Indonesia, announced that it raised a US$4.55 million pre-series A funding round co-led by AC Ventures and East Ventures. Other participating investors included Venturra Discovery and several angels. Read about it here
Indonesian MSME enabler majoo raises US$10M, which emerges from the pandemic with an 8x growth spurt

majoo announced that it raised US$10 million in a series A funding round led by an undisclosed global fintech-focused growth equity investor. The deal was joined by existing investors AC Ventures, Quona Capital, BRI Ventures, and Xendit.  Read about it here

Our Community
On September 14, AC Ventures hosted ACV Leaders Night, powered by Appier. ACV Leaders Night was organized for AC Ventures founders to reconnect, mingle, and learn together.
Helen Wong, managing partner of AC Ventures, recently joined in a panel discussion, “Standing tall amidst the chaos: Indonesian startup investments today and tomorrow,” hosted by HUB.ID in Bali.
Erieka Kosasih, Investment Analyst at AC Ventures, was invited to a panel at the CONNEX Energy Meetup in Bali. The talk show was hosted by New Energy Nexus Indonesia and titled “Empowering Women Climate Entrepreneurs to Accelerate Clean Energy Innovation Space.”

Jeremy Sianto, Investment Associate at AC Ventures, participated in a speed-dating event powered by AWS and Xendit called SpeedUp.

Lauren Blasco, head of ESG at AC Ventures, recently joined in a panel discussion with a group of leaders and shared about “Driving Change: Accelerating Climate Tech in Southeast Asia” at the Wild Digital SEA Conference.
On September 07, YC Ng, partner at AC Ventures Malaysia, joined a panel discussion titled “Quick Commerce Shake Up Rise & Resilience in Times of Crisis” at the Wild Digital SEA Conference in Kuala Lumpur.
Careers
AC Ventures is looking for talented person to join our team as Investment Associate. 
Send your CV and portfolio to justine@acv.vc
 
ACV in the News
  • AC Ventures reaches the first close of a $250M fund for Southeast Asian startups. TechCrunch. Read about it here
  • Indonesia’s AC Ventures hits first close of $250M, fifth early-stage fund. DealStreetAsia. Read about it here
  • Indonesia will soon see a proper credit boom for businesses, consumers. E27. Read about it here.
  • These are the most active investors in Indonesia’s startups. Tech in Asia. Read about it here 
About AC Ventures

AC Ventures is a leading Southeast Asian venture capital firm investing in early-stage startups focused on Indonesia and ASEAN. The firm’s mission is to partner with and empower entrepreneurs with more than capital. ACV combines operational experience, industry knowledge, deep local networks, and resources to create value for startups. Its vision is to be a generational partner to founders driving positive societal change and economic impact in Indonesia and beyond.  
 
ACV currently has over US$500 million in assets under management, invested across five funds. Since 2012, the firm’s partners have invested in more than 100 technology companies in the region, including some of the most iconic names in the ASEAN digital ecosystem. ACV’s Partners Adrian Li, Michael Soerijadji, Helen Wong, and Pandu Sjahrir lead a team of over 35 professionals with offices in Jakarta and Singapore.

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