eCommerce
4 funds
ACV Capital V
ACV Capital V (also known as ACV Fund V) is the fifth investment fund raised by AC Ventures, a growth-stage venture capital firm headquartered in South Jakarta, Indonesia, founded in 2014 by managing partners Pandu Sjahrir, Adrian Li, and Michael Soerijadji, with Helen Wong serving as an additional Managing Partner for this vehicle. The fund reached its final close in January 2024 at US$210 million, including co-investment vehicles, against an initial target of US$250 million set at its 2022 first close. More than 50% of capital came from limited partners who reinvested from AC Ventures’ prior funds, with over 90% of total commitments from institutional investors. Key backers include the World Bank’s International Finance Corporation (IFC) and leading financial institutions from the United States, Middle East, and North Asia. ACV Capital V is domiciled in the Cayman Islands and managed by ACV Capital, the investment management entity of AC Ventures, which oversees over US$500 million in assets under management across its five-fund family. ACV Capital V invests in growth-stage technology-enabled businesses in Indonesia and the broader Southeast Asian region, concentrating on verticals where digital adoption is reshaping large established sectors. Core sectors include fintech, e-commerce and consumer retail, MSME enablement, health technology, logistics, and climate-oriented technology including electric mobility and sustainable agriculture. The fund writes initial tickets of US$2–5 million and can deploy up to US$20–30 million per company through multiple follow-on rounds, allowing AC Ventures to lead later financing rounds in its highest-conviction portfolio companies. The investment thesis emphasizes businesses addressing structural shifts in consumption and the digitalization of Indonesia’s large informal economy. The fund formally integrates environmental, social, and governance (ESG) metrics into its screening and portfolio monitoring, reflecting an impact-oriented philosophy that links commercial returns with measurable benefits for Southeast Asia’s digital economy. At final close in January 2024, ACV Capital V was expected to back approximately 25 new companies, extending AC Ventures’ existing portfolio beyond 120 startups. The fund drew IFC investment as a signal of its impact credentials, and over 50% institutional LP re-up rate confirms confidence in the prior fund’s returns. Notable portfolio companies reflect the fund’s climate and digital focus: Koltiva (sustainable agriculture), MAKA Motors (electric vehicles), and IDEAL (consumer finance, an early investment). Fifty per cent of AC Ventures’ senior leadership are women, and the firm reports 41% female C-level representation across portfolio companies. The fund extends AC Ventures’ track record as one of the most active technology investors in the Indonesian startup ecosystem.
Angeles Ventures Fund I
Angeles Ventures Fund I is an early-stage venture capital fund managed by Angeles Investors, a Chicago, Illinois-based investment platform founded to leverage the power of the Latino growth demographic to discover, fund, and scale technology-enabled startups led by Hispanic and Latinx founders in the United States. Launched in October 2023, the fund targets 20 to 30 seed-stage B2B and B2C technology companies, with check sizes ranging from USD 100,000 to USD 1 million or above. The fund's investment thesis is built on the structural opportunity represented by the US Latino community — the fastest-growing demographic in the US economy — and the persistent underfunding of Hispanic and Latinx-led ventures by institutional capital. Angeles Investors draws on a network of over 260 angel investors with more than 23 prior investments to source, diligence, and support founders. The fund invests alongside co-investors including Goodwater, Chingona, Launch (Jason Calacanis), Hyde Park Ventures, and Listen Ventures, providing portfolio companies with both capital and an extensive network of operators and advisors across technology and consumer sectors. As of May 2024, Angeles Ventures Fund I had closed an equity investment from Bank of America and deployed capital across multiple portfolio companies including Storybook, Linker Finance, Certiverse, and Sigo Seguros. The fund's general partners, Adela Cepeda and David Olivencia, bring decades of combined experience in finance, venture, and community development. Through the Angeles Investors angel network and its institutional fund structure, Angeles Ventures aims to become the defining early-stage capital platform for Hispanic and Latinx entrepreneurship in the United States, targeting sectors including enterprise SaaS, fintech, insurtech, and tech-enabled services.
Greenoaks Capital Opportunities Fund VI
Greenoaks Capital Partners is launching its sixth flagship venture capital fund, Greenoaks Capital Opportunities Fund VI, with a target size of $2.25 billion. This fund aims to continue the firm's strategy of making concentrated, long-term investments in technology-enabled companies globally. The fund will focus on identifying and supporting "generation-defining" businesses early in their lifecycle, partnering with them for decades. Greenoaks employs a research-intensive approach, focusing on a select number of companies to maximize value creation. The firm's investment philosophy combines elements of venture capital and value investing, allowing for flexibility across asset classes, industries, and geographies. Greenoaks' portfolio features notable investments in companies like Coupang, Rippling, Wiz, Databricks, Stripe, Canva, and Figma. The firm is known for its founder-focused approach and long-term commitment to its portfolio companies. With Fund VI, Greenoaks continues to pursue opportunities in the mid-stage venture to early growth space, seeking to support companies that have the potential to become global leaders in their respective sectors.
Headline Asia Fund V
Headline Asia has successfully closed its fifth venture capital fund, Headline Asia Fund V, with a total of $145 million in commitments. This marks a significant milestone, being one of the first notable VC fund closings in Asia-Pacific in recent months, as investor sentiment remains cautious amid global market uncertainty. The fund is a reaffirmation of Headline’s long-term conviction in the innovation potential of early-stage companies in the region. The fund will primarily invest in early-stage technology startups from seed to Series A, targeting companies operating in sectors like e-commerce, logistics, fintech, intellectual property, and AI. Headline Asia will focus on startups driving digital transformation and those with potential for cross-border scalability. The fund typically invests between $1 million to $5 million per deal, aiming to partner closely with founders to help scale their businesses. Fund V is backed by several public and institutional LPs, including Japan Investment Corporation (JIC), National Development Fund of Taiwan (NDF), Korea Venture Investment Corporation (KVIC), and SME Support Japan. So far, it has made 17 investments, including startups like Newmo (Japan, ride-hailing), Jenfi (Singapore, revenue-based financing), and Pi-xcels (Tokyo/Singapore, NFC receipts). The fund's strategic approach reflects a belief in the enduring opportunity within Asia’s startup ecosystem.