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, finishing the final close on its fifth fund, called ACV Fund V. Limited partners include the World’s Bank’s IFC and investors from the United States, the Middle East and North Asia. AC Ventures has already started investing from Fund V in startups like Indonesian electric vehicle maker MAKA Motors and sustainable farming startup Koltiva.
AC Ventures partnered with The Upright Project and used its proprietary platform to measure its portfolio's impact on the environment and society. Overall, the firm and its portfolio delivered a result of +37% compared to the Nasdaq Small Cap Index's +29%. JAKARTA, Indonesia, Oct. 5, 2022 /PRNewswire/ Earlier today, Indonesia-focused, early-stage venture capital firm AC Ventures (ACV) announced.