AC Ventures’ Bold Leap with $210M Fund V in Indonesia’s Tech Arena
An outstanding US$210 million, including co-investment funds, has been amassed by AC Ventures (ACV) in its fifth investment fund, ACV Capital V L.P. (ACV Fund V), marking a major milestone for Indonesia’s growing digital scene. The commitment of ACV to supporting ambitious entrepreneurs and high-impact companies in the region is highlighted by this significant step.
Indonesia’s Digital Economy: A Flourishing Investment Haven
With its digital economy currently valued at a substantial US$82 billion and projected to soar to US$360 billion by 2030, Indonesia emerges as a lucrative destination for global technology investors. The closure of AC Ventures Fund V marks a significant chapter in the nation’s economic narrative.
Pandu Sjahrir, Founding Partner of ACV, shared, , “Indonesia stands out as a vibrant investment hub, thriving amidst global economic shifts. Our growth is fueled by a young and growing population, rising prosperity, and a stable pro-investment government. On this trajectory, Indonesia is on course to be among the top ten largest economies in the world over the coming decade.”
Global Endorsement for ACV Fund V
ACV Fund V has captivated a sophisticated group of global limited partners, with over half of the commitments stemming from returning investors and a notable 90% comprised of institutional capital. The fund enjoys support from entities like the World Bank’s IFC and esteemed financial institutions from the US, the Middle East, and North Asia.
Euan Marshall, IFC Country Manager for Indonesia and Timor-Leste, stated, “By supporting venture capital through funds like ACV Capital V, IFC can help more startups and digital entrepreneurs innovate and amplify their impact in Indonesia and beyond.”
A Pledge to Sustainable Impact
AC Ventures has increasingly emphasized sustainable impact, balancing robust financial returns with environmental and social contributions. For instance, the firm’s Fund III achieved a net impact ratio of +37%, outperforming the Nasdaq Small Cap Index average, as reported by The Upright Project in Finland.
Adrian Li, Founder and Managing Partner, explained, “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.”
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Empowering Startups through Value Creation
Distinguishing itself in the Indonesian market, AC Ventures offers comprehensive value-creation services to its portfolio companies. This includes an array of services like business development, strategic partnerships, talent advisory, government relations, financial planning, fundraising, marketing, growth, PR, and ESG guidance, all bolstered by a network of external expert advisors.
Michael Soerijadji, Founder and Managing Partner, added, “The Indonesian economy is on a very positive trajectory. The current market environment provides an opportunity to invest in fast-growing, operationally efficient companies with a strong focus on profitability at more attractive valuations.”
Advocating for Diversity and Inclusion
AC Ventures champions diversity and inclusion, with women occupying 50% of its senior leadership roles and 41% C-level female leadership representation in its portfolio companies.
Helen Wong, Managing Partner, commented, “I am excited that we have fresh funds to deploy and will look for the best founders, including female founders who are often neglected in the tech ecosystem. We will also continue to advocate gender equality within our team, as we have found that it brings varied perspectives that are crucial for holistic decision-making and understanding diverse markets.”
AC Ventures’ ACV Fund V stands not just as a financial milestone but as a catalyst for innovation and progress in Indonesia’s thriving tech landscape, heralding a future where economic growth and societal benefits are harmoniously aligned.
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