AC Ventures
In the middle of a long funding winter, AC Ventures’ latest news will give Southeast Asian startups hope. The Jakarta, Indonesia–based venture firm announced today it has raised $210 million,…
This startup brings Southeast Asia’s vacant hospital rooms into the sharing economy
Uber and Airbnb have long been the poster children for the sharing economy. In other realms of society, entrepreneurs are also trying to match demand with untapped assets and services.…
AC Ventures reaches first close of a $250M fund for Southeast Asian startups
AC Ventures (ACV), a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V).…
PINA offers wealth management for Indonesia’s growing middle- to upper-class
While many of Indonesia’s investment apps are focused on hooking first-time investors with low fees and starting deposits, PINA is targeting the middle-to-upper classes with wealth management services. The app…
Indonesia’s Astro raises $60M to work on 15-minute grocery delivery
Indonesia’s sprawling archipelago has long been a headache for logistics companies, but there’s no lack of brave challengers. Jarkata-based Astro, which provides 15-minute grocery delivery, has recently closed a $60…
Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob
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Indonesia-focused AC Ventures closes oversubscribed $205M third fund
More investor money is flowing into Indonesia’s startup ecosystem. Today, AC Ventures, which focuses on early-stage startups in the country, announced it has raised $205 million in committed capital for its oversubscribed Fund II, more than double its original target of $80 million. Investors include World Bank’s International Finance Corporation (IFC) and Disrupt AD, the…
AC Ventures announces the first close of its $80 million fund for Indonesian startups
As one of the world’s most populated countries, with a fast-growing internet economy, Indonesia offers plenty of opportunity for startups. AC Ventures wants to tap into that with its $80…
