AC Ventures Fund V

AC Ventures Fund V (ACV Capital V L.P.) is the fifth flagship fund of AC Ventures (ACV), a Jakarta-headquartered venture capital firm dedicated to backing technology-enabled businesses across Indonesia and Southeast Asia. The fund achieved its final close in January 2024, raising $210 million in capital commitments including co-investment vehicles, bringing AC Ventures' total assets under management to over $500 million across five funds. With over 90% of commitments from institutional capital and more than 50% from returning limited partners—including the World Bank's International Finance Corporation (IFC) alongside prominent institutions from the United States, the Middle East, and North Asia—ACV Fund V reflects the firm's established track record as one of Southeast Asia's most active early-stage investment platforms.

ACV Fund V invests primarily at early to growth stages, deploying initial checks of $2 to $5 million into tech-enabled companies building solutions for Indonesia and the broader Southeast Asian market, with the capacity to commit $20 to $30 million in follow-on capital for high-growth portfolio companies aligned with the firm's impact goals. The fund targets approximately 25 new companies across fintech, e-commerce, consumer technology, logistics, climate technology, and MSME (micro, small, and medium enterprise) enablement—extending AC Ventures' existing portfolio of over 120 startups. Indonesia's position as approximately 40% of the region's total economic output anchors the fund's geographic thesis, while the climate mandate introduced in Fund V reflects AC Ventures' role as a signatory of IFC's Invest2Equal program and the UN Women's Empowerment Principles.

AC Ventures' track record across predecessor funds demonstrates a +37% impact ratio versus the Nasdaq Small Cap average of +29%, with a portfolio emphasizing diversity: the firm operates with 50% female senior leadership and reports 41% female C-level representation across its portfolio companies. ACV Fund V launched its first close at approximately $162.5 million in September 2022 (65% of its $250 million target) before completing its final close at $210 million in January 2024. Among the fund's early investments are MAKA Motors, Indonesia's leading electric vehicle developer, and Koltiva, a sustainable farming platform connecting smallholder farmers to global supply chains—both exemplifying AC Ventures' dual mandate to generate financial returns while delivering measurable environmental and social impact across Southeast Asia's emerging digital economy.