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§ Venture Capital · CA, USA
Venture capital firm investing in early-stage technology companies in Southeast Asia, focused on Indonesia, fintech, and e-commerce.
AC Ventures is an early-stage venture capital firm based in Indonesia that invests in technology companies across the broader Southeast Asian market. The firm manages five active funds with over $500 million in total assets under management, typically deploying initial checks of approximately $2 million for startups operating within the fintech, logistics, e-commerce, consumer technology, and climate tech sectors. Supported by a 35-person team with fifty percent female leadership, the organization has accumulated a diverse portfolio of more than 120 investments, with recent capital deployment including a $250 million fund closed in September 2022. Notable portfolio companies include regional technology enterprises such as Xendit, Carsome, Stockbit, Payfazz, and Shipper. AC Ventures was founded in 2019 through the strategic merger of Agaeti Venture Capital and Convergence Ventures by founding partners Adrian Li and Michael Soerijadji.
Key people at AC Ventures.
Key people at AC Ventures.
AC Ventures (also known as ACV Capital) is an early-stage technology venture fund focused on investing in Indonesia’s digital disruptors and tech-enabled businesses across Southeast Asia. Its mission centers on empowering entrepreneurs and accelerating growth by providing not only capital but also strategic guidance, operational expertise, and deep local insights. The firm’s investment philosophy is thesis-driven, emphasizing support for female tech founders and women-owned micro, small, and medium enterprises (MSMEs), reflecting a commitment to diversity and inclusion. AC Ventures targets sectors critical to sustainable economic growth and social impact, including climate tech, financial technology, mobility, healthcare, education, and enterprise solutions. Its portfolio companies have collectively impacted over 7.5 million lives and created more than 200,000 jobs, particularly in Indonesia’s second and third-tier cities, demonstrating a strong influence on the startup ecosystem by fostering innovation, sustainability, and financial inclusion[1][2][3][4].
Founded with deep roots in Indonesia, AC Ventures has evolved into a high-growth investment firm with a global network of partners. While the exact founding year is not specified in the available data, the firm’s growth trajectory shows a clear evolution from focusing solely on early-stage digital disruptors in Indonesia to backing tech-enabled businesses across Southeast Asia. The leadership team comprises experienced partners who bring operational experience and industry knowledge, enabling AC Ventures to scale high-potential companies into market leaders. The firm’s early focus on Indonesia’s underserved MSMEs and female founders has expanded into a broader commitment to sectors aligned with green growth and sustainability, reflecting an adaptive and forward-looking investment approach[2][3][4].
AC Ventures rides the wave of Southeast Asia’s rapid digital transformation and the global push for sustainable development. The timing is crucial as Indonesia and the broader region experience significant growth in digital adoption, MSME formalization, and climate-conscious innovation. Market forces such as increasing internet penetration, government support for digital economies, and rising awareness of ESG principles work in the firm’s favor. By investing in sectors like climate tech and fintech, AC Ventures influences the broader ecosystem by promoting sustainable business practices, financial inclusion, and gender diversity. Its impact extends beyond capital, shaping the region’s startup culture toward responsible growth and long-term value creation[1][3][4].
Looking ahead, AC Ventures is well-positioned to deepen its influence in Southeast Asia’s evolving tech ecosystem by continuing to back startups that align with sustainability and social impact goals. Trends such as climate technology, digital financial services for MSMEs, and gender-inclusive entrepreneurship will likely shape its investment focus. The firm’s commitment to ESG integration and operational support suggests it will play a pivotal role in setting standards for responsible investing in the region. As Southeast Asia’s digital economy matures, AC Ventures’ blend of capital, expertise, and impact-driven philosophy will help it remain a key catalyst for innovation and inclusive growth, reinforcing its mission to empower entrepreneurs and accelerate sustainable development[1][3][4].
AC Ventures has more than 26 tracked investments across 24 companies. The latest tracked deal is $6.1M Series A in immunitoAI in November 2025.
