AC Ventures Ready To Support Technology-Based Business In Indonesia And Southeast Asia

AC Ventures raised funds of up to IDR 3.3 trillion to support technology-based businesses (photo: AC Ventures)

AC Ventures managed to complete the final fundraising, with a total of 210 million US dollars (Rp3.3 trillion) for the main fund called ACV Capital V LP (ACV Fund V) and also related co-investment funds.

ACV Fund V has obtained more than 90 percent of the proceeds from key investors, including the IFC World Bank, along with leading financial institutions from the United States, the Middle East, and North Asia.

With the digital economy expected to reach 360 billion US dollars by 2030, Indonesia is one of the main goals for global technology investors.

"By supporting venture capital through funds, such as ACV Capital V, IFC can help more startups and digital entrepreneurs to innovate and expand their impact in Indonesia and abroad," said Euan Marshall, IFC State Manager for Indonesia and Timor-Leste in a statement received on Tuesday, January 23.

In addition, according to Michael Soerijadji, the Founder & Managing Partner of AC Ventures in the Indonesian economy, which is currently very positive, can provide opportunities to invest.

"The current market environment provides an opportunity to invest in companies that grow fast, are operationally efficient, with a strong focus on profitability in a more attractive assessment," he said.

Helen Wong, Managing Partner AC Ventures also affirmed her commitment to finding the best startup founders, including female founders who are often neglected in the technology ecosystem.

"We will also continue to fight for gender equality in our team, realizing that this diversity brings a diverse perspective, which is very important for holistic decision making and diverse market understanding," concluded Helen.