About This Fund
ACV Fund V is a $210 million fund managed by AC Ventures, based out of Jakarta, Indonesia. The fund has secured a final close, with limited partners including the World Bank’s IFC and investors from the United States, the Middle East and North Asia. Over 50% of the funding has returned from returning LPs, and institutional capital makes up over 90% of its total. AC Ventures has already started contributing to startups such as Indonesian electric vehicle maker MAKA Motors and sustainable farming startup Koltiva. The fund is expected to add around 25 companies to AC Ventures’ current portfolio of 120 startups. Their check sizes will range between $2 million and $5 million and will depend on investment opportunities. AC Ventures invests across Southeast Asia, but Indonesia is at the top of its investment strategy. The firm is especially interested in fintech, e-commerce, health tech, MSME enablement and climate. They are also excited by startups that address consumers in online retail, consumer services, and consumption upgrades as digital adoption continues to grow.