The Indonesian venture capital firm AC Ventures has closed its fifth fund with success, having raised US $210 million in total, including funds for co-investment funds.
Global limited partners, of which half are repeat investors, support ACV Fund V. International Finance Corporation of the World Bank, and financial institutions from the US, the Middle East, and North Asia are among the main supporters.
“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,” said AC Ventures founder and managing partner Adrian Li in a statement. “Our focus on financial returns and sustainability is not only a reflection of what is trending in the market.”
AC Ventures provides its portfolio companies with a range of support services beyond investments, such as financial planning, talent advisory, government relations, business development, and strategic partnerships.
Over US $500 million in assets are currently managed by the venture capital firm, which specializes in early-stage startups in Indonesia and Southeast Asia and runs five funds. More than 120 local startups, including Xendit, Carsome, and KoinWorks, have benefited from its investments.
Koltiva, an Indonesian agritech company that increases transparency in the farm-to-market process, is one of AC Ventures’ more recent investments.
