AC Ventures secures $210M fund to fuel businesses in Indonesia, SEA

AC Ventures, a venture firm based in Jakarta, Indonesia, announced a successful raise of $210M, marking the final close for its fifth fund, ACV Fund V.

• Impressive Fund Details: Over half of the fund came from returning LPs, and institutional capital makes up over 90% of the total.

• Already Investing: AC Ventures has wasted no time and begun allocating funds from Fund V to startups like the Indonesian electric vehicle maker MAKA Motors and sustainable farming startup Koltiva.

• Significant Assets Under Management: With this latest fund, AC Ventures now manages over $500M across its five funds.

• Investment Strategy and Check Sizes: AC Ventures plans to add around 25 companies to its current portfolio of 120 startups, with check sizes ranging from $2M to $5M, depending on the opportunity. High-growth startups that align with AC Ventures' impact goals could receive a check of around $20M to $30M.

• Support Beyond Funding: AC Ventures supports its startups beyond simply providing funds. They offer business development, strategic partnerships, talent sourcing, government relations, financial planning, fundraising, marketing, PR, and ESG advice.

• High-Impact Investments: One of AC Ventures’ priorities is to invest in firms that yield high environmental and social impacts. Their third fund, Fund III, had an overall impact ratio of +37%, outperforming the Nasdaq Small Cap Index average of +29%.

AC Ventures prioritizes gender parity and strongly encourages it in its portfolio companies. They're a signatory of the UN’s Women’s Empowerment Principles and IFC’s Invest2Equal program, and have held networking events to facilitate networking and mentorship for female founders.