Indonesia-based AC Ventures (ACV) recently announced the successful closure of its fifth investment fund, ACV Capital V L.P. (ACV Fund V), totaling an impressive $210 million, including co-investment funds. This landmark achievement underscores Indonesia’s burgeoning digital economy, poised to reach $360 billion by 2030, making it a prime destination for global technology investors.
AC Ventures views the closure of Fund V as a significant milestone in its journey, reaffirming its commitment to partnering with visionary founders and high-potential ventures that drive economic and societal impact across Southeast Asia. Founder Pandu Sjahrir highlighted Indonesia’s resilience as an investment hub, propelled by a youthful population, increasing prosperity, and a pro-investment government. He emphasized Indonesia’s trajectory towards becoming one of the world’s top ten largest economies in the next decade.
ACV Fund V secured backing from a diverse group of global limited partners, with over 50% of commitments from returning investors and over 90% composed of institutional capital. Notable investors include the World Bank’s IFC and prominent financial institutions from the US, the Middle East, and North Asia. Euan Marshall, IFC Country Manager for Indonesia and Timor-Leste, emphasized the transformative impact of tech-enabled businesses in addressing development challenges and fostering innovation.
In recent years, AC Ventures has intensified its focus on sustainable impact, prioritizing companies that deliver not only economic value but also environmental and social benefits. Fund III showcased an impressive net impact ratio of +37%, surpassing the Nasdaq Small Cap Index average by a significant margin. ACV Fund V has already commenced investments in Indonesian electric vehicle manufacturer MAKA Motors and sustainable farming startup Koltiva, among others.
Founder and Managing Partner Adrian Li emphasized AC Ventures’ dual commitment to financial returns and sustainability, reflecting a long-term investment philosophy aimed at creating value for all stakeholders. AC Ventures stands out in Indonesia by providing hands-on value-creation services to its portfolio companies, ranging from business development and strategic partnerships to talent advisory and fundraising support.
Diversity and inclusion are central tenets of AC Ventures’ ethos, with 50% of senior leadership roles held by women. This commitment extends to its portfolio companies, with 41% C-level female leadership representation. Managing Partner Helen Wong emphasized AC Ventures’ dedication to supporting female founders and advocating gender equality within its team, recognizing the importance of diverse perspectives in driving holistic decision-making and market understanding.
With over $500 million in assets under management across five funds, AC Ventures continues to play a pivotal role in Indonesia’s tech ecosystem. As an advocate for responsible investing, AC Ventures remains committed to the UN’s Women’s Empowerment Principles, IFC’s Invest2Equal program, and the UN’s Principles for Responsible Investing, championing sustainable growth and inclusive development in Southeast Asia and beyond.