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AC Ventures

Asia, Jakarta Raya, Indonesia, Jakarta

Description

AC Ventures is a prominent early-stage technology venture capital firm based in Jakarta, Indonesia, specializing in digital disruptors within the Indonesian market. Formed from the merger of ACV and Indies Capital Partners' venture arm in 2020, the firm quickly established itself as a key player in the archipelago's burgeoning startup ecosystem. Their investment thesis centers on identifying and nurturing companies that leverage technology to solve pressing local challenges and capitalize on Indonesia's vast digital economy potential.

AC Ventures primarily targets companies from Seed to Series A stages, providing not just capital but also strategic guidance, operational support, and access to a robust network. The firm is known for its hands-on approach, assisting portfolio companies with talent acquisition, market expansion, and follow-on fundraising. They focus on sectors such as fintech, e-commerce, logistics, agriculture tech, and SaaS, reflecting the diverse opportunities within Indonesia's digital transformation. Their commitment extends beyond initial funding, often participating in subsequent rounds to support their portfolio's growth trajectory.

With over $400 million in assets under management, AC Ventures has built an impressive portfolio of over 140 companies. This extensive reach underscores their significant influence on Indonesia's startup landscape. Notable investments include market leaders like Xendit, a payment gateway unicorn; Stockbit, a leading investment platform; and Shipper, a logistics and fulfillment provider. The firm's strategic investments have contributed to the creation of several unicorns and decacorns, demonstrating their ability to identify and scale high-potential ventures that drive economic growth and digital inclusion across Indonesia.

Investor Profile

AC Ventures has backed more than 64 startups, with 8 new investments in the last 12 months alone. The firm has led 17 rounds, about 27% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in Indonesia, Singapore, India.
  • Strong thematic focus on Financial Services, FinTech, Information Technology.
  • Led 6 rounds in the past year.
  • Typical check size: $1M – $5M.

Stage Focus

  • Series A (41%)
  • Seed (23%)
  • Series B (19%)
  • Pre Seed (9%)
  • Series C (3%)
  • Series Unknown (3%)
  • Undisclosed (2%)

Country Focus

  • Indonesia (75%)
  • Singapore (9%)
  • India (6%)
  • United States (3%)
  • Malaysia (3%)
  • Thailand (2%)
  • Australia (2%)

Industry Focus

  • Financial Services
  • Fintech
  • Information Technology
  • Software
  • E-commerce
  • Internet
  • Small And Medium Businesses
  • Lending
  • Supply Chain Management
  • Peer To Peer
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does AC Ventures frequently co-invest with?

Susquehanna International Group (SIG)
North America, Pennsylvania, United States, Bala Cynwyd
Co-Investments: 5
Quona Capital
North America, District of Columbia, United States, Washington
Co-Investments: 14
East Ventures
Asia, Tokyo, Japan, Tokyo
Co-Investments: 13
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 6
Prosus Ventures
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 6
Golden Gate Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
MDI Ventures
Asia, Jakarta Raya, Indonesia, Jakarta
Co-Investments: 6
Peak XV Partners
Asia, Karnataka, India, Bengaluru
Co-Investments: 10
Global Founders Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 5
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 6

Which angels does AC Ventures often collaborate with?

AS
North America, District of Columbia, United States, Washington
Shared Deals: 1
Anna Lambert
North America, Ontario, Canada, Ottawa
Shared Deals: 1
CL
North America, Tennessee, United States, Nashville
Shared Deals: 1
BF
North America, California, United States, San Francisco
Shared Deals: 1
MA
Asia, Indonesia
Shared Deals: 1
GA
North America, California, United States, San Francisco
Shared Deals: 1
SK
North America, California, United States, San Francisco
Shared Deals: 1
NZ
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
TL
North America, California, United States, San Francisco
Shared Deals: 1
SJ
North America, Texas, United States, Austin
Shared Deals: 1

What are some of recent deals done by AC Ventures?

Blostem

Delhi, Delhi, India

Blostem offers fintech solutions with seamless fixed deposit integration and white-label investment platforms.

Financial ServicesFinTechSoftware
SeedJun 30, 2025
Amount Raised: $466,722
Shiok Burger

Singapore, Central Region, Singapore

Shiok Burger is a food and beverages company that provides baked buns and an innovative burger menu.

Consumer GoodsFood and BeverageSnack Food
SeedJun 13, 2025
Soul Parking

Jakarta, Jakarta Raya, Indonesia

Soul Parking is a parking management service company.

Parking
Series AJan 6, 2025
Collektr

Selangor, Selangor, Malaysia

Collektr is a livestreaming community marketplace where users can buy, sell, and exchange collectible things in a secure environment.

B2BMarketplaceRetail
SeedNov 12, 2024
Amount Raised: $1,300,000
Supermom

Singapore, Central Region, Singapore

Supermom is a marketplace for parents and expecting mums to shop for products and services.

BabyConsumer GoodsE-CommerceInternetMarketplace
Series BOct 1, 2024
Amount Raised: $13,972,335
Broom

Jakarta, Jakarta Raya, Indonesia

Broom provides access for dealers in automotives to get short-term loans by putting their car inventories up as collateral.

AutomotiveFinanceFinancial Services
Series AOct 1, 2024
Amount Raised: $24,867,327
Crackle Technologies

Gurgaon, Haryana, India

Crackle Technologies is a vibrant digital publisher ecosystem which is essential for a healthy and useful internet.

PublishingSoftware
Pre SeedSep 10, 2024
Amount Raised: $1,700,000
Kargo Technologies

Jakarta, Jakarta Raya, Indonesia

Kargo Technologies is a full-stack logistics platform, connecting shippers with truckers.

E-Commerce PlatformsFreight ServiceLogisticsMarketplaceSoftwareTransportation
Series AJul 30, 2024
Amount Raised: $8,826,587
Xurya

Jakarta, Jakarta Raya, Indonesia

Pioneer in the solar lease business. Giving Indonesian businesses a chance to contribute to the solution climate change while saving money

Environmental ConsultingEnvironmental EngineeringPeer to PeerRenewable EnergySolar
Series UnknownJul 1, 2024
Amount Raised: $55,035,235
Aeria

Gurgaon, Haryana, India

Aeria is a real estate management platform that employs artificial intelligence to enhance tenant experiences.

Artificial Intelligence (AI)Information Technology
Pre SeedMar 26, 2024
Amount Raised: $1,800,000