HomeIndonesiaAC Ventures Closes Fifth Fund, US$210M

AC Ventures Closes Fifth Fund, US$210M

ACV team
ACV’s team (source: AC Ventures website)

AC Ventures, a Jakarta, Indonesia-based venture capital firm, closed its fifth investment fund, ACV Capital V L.P., totaling US$210m, including co-investment funds.

Limited partners included the World Bank’s IFC, along with prominent financial institutions from the US, the Middle East, and North Asia.

ACV Fund V has already started deployment and announced investments including leading rounds in Indonesian electric vehicle manufacturer MAKA Motors, sustainable farming startup Koltiva, among others.

The firm’s value creation team helps startups grow by offering services, which include functional support to portfolio companies in business development and strategic partnerships, talent advisory, government relations, financial planning, and fundraising. Additionally, the team specializes in marketing, growth, PR, and ESG guidance, all further supported by a community of external expert advisors. This network includes industry veterans, entrepreneurs, and experts ranging from lawyers to tech innovators and Fortune 500 leaders.

Indonesia’s macroeconomic environment and digital economy, valued at US$82 billion in 2023 is expected to reach US$360 billion by 2030, positioning the nation as a key destination for global technology investors. ACV Fund V’s closure is an important milestone in ACV’s journey, bolstering its commitment to serving as a generational partner to visionary founders and high-potential ventures that drive economic and societal impact across the region.

The team includes:

  • Founding Partner Pandu Sjahrir,
  • Founder and Managing Partner Adrian Li,
  • Founder and Managing Partner Michael Soerijadji, and
  • Managing Partner Helen Wong,

VCWire

23/01/2024