AC Ventures (ACV) has already reached the first-ever close for its fifth investment fund, or shortly known as Fund V, which apparently seeks to target roughly $250 million worth of investments.

ac ventures reaches first close of $250 million fund

(Photo : AC Ventures Website )
AC Ventures has reached its first-ever close of its fifth investment fund or Fund V, which looks to target a $250 million investment.

AC Ventures Reaches First Close of $250 Million Fund

As per the latest report by Tech Crunch, AC Ventures is a venture firm that highly focuses on early-stage startups not just in Indonesia but elsewhere in the emerging market of Southeast Asia.

And it booked a massive milestone just recently as it reached the first-ever close of its Fund V, which seeks to collect a total capital of $250 million.

It is worth mentioning that the venture firm has already successfully raised roughly 65% of the capital that it seeks to achieve.

Tech Crunch notes in its report that the first close of its Fund V includes various investments from other firms, including Atma, SkorLife, and IDEAL.

As of writing, the news outlet highlights that ACV has already received 120 investments not just in Indonesia but in other Southeast Asian nations, as well.

AC Ventures and its Digitization Investments

No less than the co-founder and managing partner of ACV, Adrian Li, himself broadly told Tech Crunch that they “are investing in the digitization of Indonesia and the Southeast Asia economy.”

The co-founder of ACV further adds that the digital GDP of Indonesia was at a cool $70 billion last year. But he notes that it is still “expected to grow to over $350 billion in the next five to six years.”

Li boasts that ACV has “extensive experience of investing over past funds.” In fact, they have “also developed expertise, particularly around commerce opportunities, fintech and micro, and small enterprises,” the managing partner prides.

The ACV co-founder went on to explain that “each of these thematic areas represents really deep pools of revenue potential.”

He furthered that “we’re seeing a lot of ways in which digital adoption can truly make things more efficient, cost less, and create value for all the stakeholders in these verticals.”

AC Ventures: What is it Exactly?

The official website of AC Ventures says that it is an early-stage technology venture fund, and it mainly looks into the disruptors in the digital market of Indonesia.

While AC Ventures has an office in Indonesia, it now also holds offices in other parts of Southeast Asia, such as Singapore. And on top of that, its team comprises more than 35 folks, which its partners of AC Ventures, namely Pandu Sjahrir, Michael Soerijadji, Helen Wong, and Li, lead.

And this time, it looks like AC Ventures is closing in to its Fund V target of $250 million investments as it reaches roughly 65% of it.

Written by Teejay Boris

Keyword: AC Ventures Reaches First Close of $250 Million Fund

TECH'S NEWS RELATED

Technology Education Day: Teaching the Younger Generations about Cybersecurity

Cybersecurity experts at Check Point Software explain that in an increasingly digitalized world, educating all users on cyber threats, no matter their age, is critical On Technology Education Day, Check Point Software, a leading provider of cybersecurity solutions globally, shares its top advice on cybersecurity skills for young people. ...

View more: Technology Education Day: Teaching the Younger Generations about Cybersecurity

Dingdong Maicai to extend ready-made meals offering with new restaurants deal

Online grocer Dingdong Maicai has revealed that it will cooperate with restaurant brands including Wangrongcheng and Jingyuerong to develop more ready-made meals, a product category that is seen as an important part of the firm’s strategy for achieving full profitability this year. The NYSE-listed company turned a profit for ...

View more: Dingdong Maicai to extend ready-made meals offering with new restaurants deal

Avast Commits to Becoming a Founder of the OpenWallet Foundation 

As a first step, Avast joins newly formed Linux Foundation Europe as an inaugural member Avast, a global leader in security and privacy, is publicly committing to becoming one of the founding supporters of the OpenWallet Foundation (OWF). The OWF is the inaugural project of the newly formed Linux ...

View more: Avast Commits to Becoming a Founder of the OpenWallet Foundation 

Synthetic data is the safe, low-cost alternative to real data that we need

Samsung launches credit card in India with 10% cashback on its products 24/7

ETtech The card also offers complimentary airport lounge access, fuel surcharge waiver, dining offers and access to a bouquet of offers from Axis Bank and Visa. Samsung India on Monday announced its first-ever credit card in India in partnership with Axis Bank and Visa, that will give customers 10% cashback ...

View more: Samsung launches credit card in India with 10% cashback on its products 24/7

Will have own platform to live-stream proceedings: SC

AgenciesThe Supreme Court on Monday said it will have its own “platform” to live-stream its proceedings and the use of YouTube for the purpose is temporary. A bench headed by Chief Justice Uday Umesh Lalit said this when former BJP leader K N Govindacharya’s counsel argued that the copyright of ...

View more: Will have own platform to live-stream proceedings: SC

AirPods Pro 2 Has Connectivity Issue, Says Users

AirPods Pro 2 Connectivity Issues Details What Is Causing The Issues? How To Fix The Problems If you’re experiencing sporadic connectivity with your new AirPods Pro 2, you’re not the only one. AirPods Pro 2 users have been reporting that their earbuds are not working due to them randomly ...

View more: AirPods Pro 2 Has Connectivity Issue, Says Users

Demand for driving safety monitoring chips on track to grow fast

Chip demand for driving safety is poised to enter a period of rapid growth as many countries are introducing regulations requiring installation of related safety systems, including driver monitoring systems (DMS), in new vehicles, according to industry sources. Regulations often bring restrictions to industry players, but in the field ...

View more: Demand for driving safety monitoring chips on track to grow fast

Samsung's ups and downs (9): Its role on the international stage

Wuling launches new convertible mini EV for less than $15,000

iPhone Users Are Experiencing Battery Life Issues After Updating to iOS 16

Xiaohongshu CFO resigns after less than two years on the job

How to Find Drafts on Instagram

Samsung patents a facial recognition system with dual under-display cameras

Instagram new feature allows users to post Stories up to 60 seconds

In the age of the partner, Cisco guns for growth

Optus faces potential class action over data breach

This Pair of 'Cartoonish' Eyes Attached to Self-Driving Vehicle Prioritizes Pedestrian Safety on the Roads, Researchers Say

Elon Musk set to depose before Twitter lawyers ahead of Oct trial

Windows 11 2022 Update: Is It Worth Downloading? Microsoft Brings an Array of Features for All

OTHER TECH NEWS

;