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AC Ventures

Growth equityoperating company · company profile

Jakarta · Seed–Growth · 30 people tracked

Also known as ACV CAPITAL PTE. LTD.

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Investment thesis

The firm focuses on scalable, technology-enabled companies addressing critical needs across Southeast Asia's digital economy. It backs high-growth businesses with strong fundamentals and long-term market potential, aiming to deliver both commercial returns and strategic impact. Beyond capital, it offers strategic guidance, operational expertise, and regional insight to help proven businesses scale into market leaders, supporting sustainable growth, institutional readiness, and long-term value creation across the region and beyond.

Source: firm website, verified Aug 25, 2026.

Stage
Seed–Growth
Check
$963K – $87M
HQ
Jakarta, ID
Leads rounds
Follows
Instruments
Equity
Founded
2020
AUM
$500M
VC funds
3
Tracked investments
80

Team · 30 people

from the firm's website & public directories
Abel Syana.S.· Sr. Brand & Communications Associate
Adiandri Adyafitri· Head of ESG
Alyssa Ghassani· Legal Counsel
Astiti Woro Wardani· Operations Assistant
Benedik Ruben· Investment Analyst
Diandra Naomi P. Ririhena· Talent Operations
Intan Maria· Finance Operations
Ivani Adelina· Sr Finance & Accounting Executive
Justine Miurina· HR Operations Manager
Mochamad Ibrahim· Head of AI & Digital Solutions
Natalie Rusli· Capital Advisorin
Natasha Johana· Operations Executive & Personal Assistant
Nerissa Arviana· Finance & Accounting Executivein
Reiner Bennardo Riantan· Investment Associatein
Rhomi Akhmad· IT Specialistin
Ryan Evans· Senior Investment Analyst
Shanti Krisnadevi· Senior Counsel
Shi Ying Chiam· Finance & Operations Manager
Suyoun Yoo· Design & Communications Associate
Teta Augenia· Executive Assistant & Office Managerin
Winny Lie· Value Creation Talent Managerin
Ariel Indra· Vice President of Investment
Ryan Evans Vennanddi· Senior Investment Analyst

What they invest in

from 59 of 80 portfolio companies

SaaS ×18Fintech ×17Consumer ×14Enterprise Software ×8FoodTech ×8AI & Machine Learning ×6E-commerce ×6Logistics & Supply Chain ×6

HQs:Indonesia×39Singapore×6United States×3India×1Peru×1

Who they back

founder profiles across 30 portfolio companies
60%
solo founders
18 of 30 mapped founding teams
27%
repeat founders
of 26 founders with career history

Founding team size:solo founder×182 founders×93 founders×3

Where their founders studiedfrom 26 founders with education data

Monash University ×3University of California, Berkeley ×3University of Melbourne ×3BINUS University ×2Institut Teknologi Bandung ×2Stanford University Graduate School of Business ×2The London School of Economics and Political Science (LSE) ×2

Where their founders worked beforefrom 26 founders with career history

Cisco ×2McKinsey & Company ×2Parthenon ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×6

8 hold an MBA (of 26 with degree data) · backed the same founder in 2+ companies: 4 founders

Investments · 80 tracked

founders shown can be your intro path

By year:2016 · 12015 · 12 dated

707707.co.id

707 is an online store selling products in Indonesian Rupiah with daily delivery, seven days a week, and an insider rewards program for shoppers.

E-commerce

Accaciaaccacia.aiin

Accacia offers an AI-powered ERP platform that tracks carbon emissions across properties for real estate developers and infrastructure providers.

AI & Machine LearningClimate TechPropTechSingapore, IN

Annu Talreja(Founder)inPiyush Chitkara(Founder)in

Co-investorsAccelIlluminate FinancialB Capital GroupB4 CapitalB CapitalBlume Ventures

Accaciaaccacia.comin

Accacia offers an AI-powered ERP and carbon-tracking platform that helps real estate developers and infrastructure providers measure and manage carbon emissions across their properties.

AI & Machine LearningClimate TechPropTechSingapore, SG

Piyush Chitkara(Founder)inAnnu Talreja(Founder)in

Co-investorsAccelIlluminate FinancialB Capital Group

Akseleranakseleran.co.id

Co-investorsAgaeti VenturesBEENEXT

Alamialamisharia.co.idin

Alamisharia is an Islamic peer-to-peer lending platform that connects borrowers and lenders through a Sharia-compliant mobile application.

Fintech

Co-investorsAgaeti VenturesCapria Ventures

Amityamity.co

Amity Solutions builds agentic AI platforms, enterprise Generative AI applications, and chatbots to help businesses automate workflows, improve customer engagement, and support employee experience.

AI & Machine LearningEnterprise SoftwareMarketing Tech

Co-investorsGobi Partners500 GlobalEast Ventures

Antler Nordicantler.co

Antler is a global early-stage venture capital firm that invests in founders from first check through IPO, offering capital, network, and community.

Sector Agnostic

Magnus Grimeland(Founder)in

Co-investorsAgaeti VenturesAntler AustraliaElmehøj VenturesFarvatn VentureModi VenturesPeak+3 more

Arunaaruna.idin𝕏

Aruna operates an integrated fisheries commerce platform that connects small-scale Indonesian fishermen to domestic and global seafood markets through technology, managing the supply chain from sourcing to fulfillment.

B2B MarketplacesFoodTechLogistics & Supply Chain

Co-investorsCapria VenturesIndogen CapitalK3 VenturesVertex Ventures Sea Management Pte. Ltd.Prosus Ventures

Astroastronauts.idin

ASTRO is an e-commerce platform offering daily essentials including fresh produce, frozen meat, beverages, snacks, household products, beauty items, and private label products through its Astro Goods and Astro Kitchen brands.

ConsumerDirect to ConsumerE-commerce

Co-investorsAccelCapria VenturesEndeavor CatalystFJ LabsLowercarbon CapitalAndreessen Horowitz+3 more

Ayoconnectayoconnect.idin𝕏

Provides middleware connecting tech platforms and bill providers via APIs.

Co-investorsMandiri Capital IndonesiaPatamar CapitalpeerchequeSTRIVETaurus Ventures

Bibitbibit.idin𝕏

Bibit is an Indonesian investment app that lets retail investors buy mutual funds, government retail bonds (SBN), fixed-rate bonds, and stocks.

ConsumerFintech

Wellson Lo(Founder)inJohny Susanto(Founder)in

Co-investorsPeak XV Partners

Boboboxbobobox.co.idin𝕏

Bobobox operates IoT-enabled pod capsule hotels, glamping cabins, and co-living spaces across Indonesia, offering tech-integrated accommodations with customizable features and community-focused amenities.

IoTTravel & HospitalityBandung, ID

Co-investorsAgaeti VenturesAlpha JWC VenturesGenesia Ventures

BrideStorybridestory.com

Making dream weddings possible

Co-investorsAgaeti VenturesOSK Ventures InternationalSkystar CapitalVenturra

BRIKbrik.id

BRIK operates a network of ready-mix concrete batching plants across the greater Jakarta area and West Java, supplying concrete (BRIK Mix) for construction projects.

Construction TechNew Materials

Co-investorsAccelAlter GlobalB Capital GroupB4 CapitalJungle Ventures

BukuWarungbukuwarung.comin𝕏

BukuWarung is a financial application that helps Indonesian micro, small, and medium enterprises (UMKM) manage payments, accounting, and access loans.

FintechSaaSJakarta, ID

Abhinay Peddisetty(Founder)in

Co-investorsCapria VenturesGMO VenturePartnersGolden Gate VenturesQuona CapitalRocketship.vcTanglin Venture Partners+2 more

Carsomecarsome.idin

Carsome is a used car marketplace that conducts rapid vehicle inspections (30-45 minutes) with transparent pricing and provides a one-year warranty on engine, transmission, and AC.

B2B MarketplacesMarketplacesRetail TechJakarta, ID

Co-investors500 Startups VietnamEmissary CapitalIndogen Capital

Coffee Meets Bagelcoffeemeetsbagel.comin𝕏

Coffee Meets Bagel is a dating app that matches singles seeking serious relationships through curated daily batches of potential partners based on detailed profile information and stated preferences.

ConsumerMarketplacesSocialNew York, US

Arum Kang(CEO & Co-Founder)

Co-investorsDCM VenturesQuest Venture PartnersSkystar CapitalGingerbread Capital

Coffee Meets Bagelcohive.spaceJan 2015

San Francisco, US

Ahreum Kang(Executive Officer, Director)Da Woon Kang(Executive Officer, Director)

BoardOsuke Honda(Director)

Co-investorsAgaeti VenturesGingerbread CapitalLightbankQuest Venture PartnersZ Venture CapitalAtami Capital+2 more

Colearncolearn.idin𝕏

CoLearn is an online tutoring service (bimbel) offering live two-way classes in Mathematics and Science (Physics/Chemistry) for students in grades 4 through 12, along with weekly exercises and parent progress reports via WhatsApp.

EdTech

Abhay Saboo(Founder)in

Co-investorsAlpha Wave GlobalAlter GlobalCapria VenturesGSV VenturesLeo Capital VenturesPeak XV Partners+3 more

Dekorumadekoruma.comin𝕏

Dekoruma is an Indonesian online furniture and home furnishing retailer specializing in modern premium and Japandi-style furniture and accessories.

ConsumerE-commercePropTechJakarta, ID

Dimas Harry Priawan(Founder)in

Co-investorsFoundamentalKejora CapitalSkystar CapitalKTB Network

Docquitydocquity.comin𝕏

Docquity is a mobile platform for verified healthcare professionals to earn CME/CPD credits, attend live webinars, discuss clinical cases, and access medical journals and content.

Digital HealthEdTechHealthtechSingapore, SG

Indranil Roychowdhury(Founder)in

Co-investorsAlkemi Growth CapitaliGlobe PartnersSpiral VenturesGenesia VenturesGlobal Brain

Durian Paydurianpay.idin

Durianpay provides payment infrastructure for enterprises, offering payment acceptance across 20+ local methods (virtual accounts, e-wallets, cards, QRIS), automated payouts to 130+ banks and e-wallets, cross-border payments, and segregated sub-accounts for managing merchants and branches.

Data & InfrastructureFintechSaaSJakarta, ID

Kumar Puspesh(Founder)

Co-investorsPeak XV PartnersCapria VenturesDigital Currency GroupACV Capital Pte. Ltd.

e27

Southeast Asia-focused platform enabling tech growth through industry coverage and investment access

Eden Farmedenfarm.idin

Eden Farm operates a direct supply platform connecting farmers to restaurants and cafes in Indonesia, bypassing intermediaries to stabilize produce prices for buyers while guaranteeing revenue to suppliers.

Enterprise SoftwareLogistics & Supply ChainJakarta, ID

David Gunawan(Founder)inRamavito Mountanio(Founder)inFebrianto Gamal(Founder)in

Co-investorsKube VCY CombinatorAppWorks

Ematic Solutionsematicsolutions.comin

Ematic Solutions is a digital marketing consultancy that helps companies adopt and implement marketing technologies and end-to-end services.

Enterprise SoftwareMarketing TechMedia & EntertainmentSaaS

Jelenko SobotPaul TenneyPaula Hoy

Co-investors500 GlobalRight Click CapitalMDI VenturesTNBAuraWalden InternationalWavemaker Partners

ErudiFierudifi.comin

Erudifi provides education financing solutions for students in emerging markets.

EdTechFintechSingapore, SG

Susli Lie(Founder)inNaga Tan(Founder)in

Co-investors500 GlobalIntudo VenturesQualgroTaurus VenturesThirdstream PartnersY Combinator+1 more

ESBesb.idin

ESB provides an integrated business operating system for food and beverage businesses, including POS/cashier apps, ERP, and AI tools covering table, menu, promotion, and transaction management.

FoodTechRetail TechSaaS

Gunawan Woen(Founder)in

Co-investorsCapria VenturesSkystar CapitalAlpha JWC VenturesBEENEXTNorthstar Group

FAZZfazzfinancial.comin𝕏

Fazz Financial provides integrated financial services solutions for businesses and consumers, supporting daily digital financial needs and business operations in Indonesia.

FintechJakarta, ID

Hendra Kwik(Founder/Product Manager)inJefriyanto(Founder)inRicky Winata(Founder)in

Co-investorsGolden Gate VenturesPartech VenturesY CombinatorTiger Global Management

FazzFinancialfazz.comin𝕏

Fazz offers digital financial services through an app for consumers and integrated digital solutions to support business operations and company growth.

Enterprise SoftwareFintechSaaS

Hendra Kwik(Founder)

Co-investorsGMO VenturePartnersPartech VenturesACE & CompanyAFG Partners

Female Dailyfemaledaily.com𝕏

Female Daily Network is a beauty-focused community and content platform that provides product reviews, beauty education, and updates to consumers interested in beauty and cosmetics.

ConsumerMedia & EntertainmentSocial

Finantierfinantier.coin𝕏Defunct

Finantier provides financial data and infrastructure services to businesses building financial applications in Southeast Asia.

FintechSaaSSingapore, SG

Diego Rojas(Founder)inKeng Low(Founder)in

Co-investorsCapria VenturesY CombinatorEast VenturesGenesia VenturesGlobal Founders Capital

Fore Coffeefore.coffeein𝕏

Fore Coffee operates a chain of coffee shops offering coffee, food (Fore Deli), a children's non-coffee menu (Fore Junior), and donuts, along with a mobile app for loyalty and online ordering.

ConsumerDirect to ConsumerFoodTechJakarta, ID

Co-investorsEast VenturesAgaeti VenturesMSA Novo

Fusefuse.co.id

Fuse provides a WhatsApp-based platform that enables insurance agents and partners to manage automobile insurance transactions, from quotations to policy issuance.

InsurTechSaaSJakarta, ID

Co-investorsGolden Gate VenturesLowercarbon CapitalCommerce VenturesFootworkNextView VenturesPrimary Venture Partners

Gajikugajikuapp.com

Earned-wage access platform enabling on-demand salary and workforce management solutions

Co-investorsCapria Ventures

Gmeelangmeelan.com

A skincare brand focused on repairing dull skin using natural plant extracts, positioned for sensitive skin.

ConsumerDirect to ConsumerWellness & Fitness

GoWorkgo-work.com

Co-investorsCapria VenturesGobi PartnersIndogen Capital

Hacktiv8hacktiv8.com𝕏

Hacktiv8 is a coding bootcamp and digital training provider in Indonesia offering intensive programs such as full-time and night bootcamps, short courses, and certifications in fields like full-stack JavaScript, data science, QA automation, and cybersecurity.

EdTechFuture of WorkHR Tech

Co-investorsSkystar CapitalConvergence VenturesEast VenturesSMDVSovereigns Capital Venture

HonestDocshonestdocs.idin𝕏

HonestDocs is an Indonesian health information platform offering articles on diseases (causes, symptoms, treatment, prevention), hospital reviews, and an "Ask a Doctor" service where medical experts answer users' health questions.

ConsumerDigital HealthHealthtech

Co-investorsGobi PartnersZ Venture CapitaliSeed

Julojulo.co.idin𝕏

JULO is an Indonesian financial technology company offering digital lending and personal loans to consumers, with loan amounts ranging from Rp 500,000 to Rp 50,000,000.

ConsumerFintechJakarta, ID

Hans Sebastian(Founder)

Co-investorsGobi Partners

Kargo

Indonesia's leading logistics platform connecting shippers with truck operators and 3PLs

Kargo Technologieskargo.techin

Kargo Technologies provides a digital logistics platform that integrates shippers with a network of transporters and drivers in Indonesia.

Logistics & Supply ChainSaaSJakarta, ID

Tiger Fang(Founder)in

Co-investorsAgaeti VenturesAlter GlobalAppWorks VenturesCapria Ventures

Katakata.aiin𝕏

Kata.ai builds AI agents for customer service, marketing, sales, and HR/recruitment that integrate with enterprise systems (Oracle, SAP, Salesforce, Zendesk, HubSpot) and messaging channels like WhatsApp, and offers KataCX for creating GenAI chatbots.

AI & Machine LearningEnterprise SoftwareHR TechSaaS

Irzan Raditya(Founder)inWahyu Wrehasnaya(Founder)inAhmad Rizqi MeydiarsoChristian FrankeReynir Fauzan

Co-investors500 GlobalSpiral Ventures

KLARklarsmile.com

Smile care brand providing tailored and affordable clear aligners through dentists

Co-investorsCapria Ventures

Laku6laku6.comin

Laku6 operates a C2B marketplace and trade-in platforms in Indonesia that connect owners of preloved gadgets with business buyers, offering pickup, condition checking, and delivery services.

Circular EconomyE-commerceMarketplaces

Alvin Yap(Founder)in

Co-investorsGolden Gate VenturesSkystar CapitalConvergence VenturesHeliconia CapitalRocket Internet SE

Legitlegit-group.com

Mass-market F&B chain brand operator in Indonesia that currently runs Tsuka Ramen, an affordable ramen chain.

Co-investorsCapria Ventures

Logislylogisly.comin

Logisly is a third-party logistics (3PL) provider in Indonesia offering trucking, sea, rail and air freight, customs clearance, cold storage, and a transport management platform with real-time tracking.

B2B MarketplacesLogistics & Supply ChainSaaS

Roolin Njotosetiadi(Founder)in

Co-investorsCapria VenturesGenesia VenturesMonk's Hill Ventures

Majoomajoo.idin𝕏

Majoo provides a cloud-based point-of-sale (POS) system for managing sales transactions, inventory, customer data, and sales reporting in one connected platform.

FoodTechRetail TechSaaS

Audia Rizal Harahap(Founder)in

Co-investorsBeacon VCCapria VenturesQuona CapitalBRI Ventures

Mokamokapos.comin𝕏

Moka is an Indonesian SaaS company offering a cloud-based, multi-platform point-of-sale (POS) app for small businesses and retailers, supporting dine-in, takeaway, and online orders including GoFood integration.

FintechRetail TechSaaS

Co-investorsWavemaker Partners

Moneysmartmoneysmart.comin

MoneySmart operates a financial comparison and content platform where consumers can compare banking, insurance, and investment products, and offers advisory services for mortgages, life, and health insurance.

FintechInsurTechMarketplaces

Co-investorsGolden Gate Ventures

Nalageneticsnalagenetics.com

Co-investorsAngelCentralIntegra PartnersIntudo Ventures

Oatsideoatside.comin𝕏

OATSIDE makes oat milk in flavors including Barista Blend, Chocolate, Caffè Latte, Matcha, Chocolate Malt, and Caramel Macchiato.

ConsumerDirect to ConsumerFoodTech

Benedict Lim(Founder)in

Co-investorsGranite Asia

OlaClickolaclick.comin𝕏

OlaClick provides a point-of-sale and delivery management platform for restaurants, including AI-powered menu creation, order management, and loyalty programs.

ConsumerFoodTechRetail TechSaaSLima, PE

Carol Riboud(Founder)inUlysse Lichtle(Founder)inJose RICO(Founder)in

Co-investorsCapria VenturesGradient VenturesMSA NovoPosition VenturesY CombinatorGraph Ventures+1 more

Otoklixotoklix.comin

Otoklix operates an online platform and app for booking car servicing and repairs, connecting car owners with workshops and offering consultation via chat with technicians.

ConsumerMarketplacesMobility & Transportation

Martin Reyhan Suryohusodo(Founder)in

Co-investorsCapria VenturesPeak XV PartnersAlpha JWC Ventures

Oyindonesiaoyindonesia.comin

OY!

Enterprise SoftwareFintechSaaS

Co-investorsSaison Capital

Pathaopathao.com𝕏Oct 2016

Pathao is a consumer super app in Bangladesh and Nepal offering ride-hailing (bike and car), food delivery, parcel/courier logistics, e-commerce, and fintech/payment services.

FintechLogistics & Supply ChainMobility & TransportationDover, US

Fahim Saleh(Director)Hussain Elius(Executive Officer)Shifat Adnan(Executive Officer)

BoardEdward Simnett(Director)Siamac Kamalie(Director)Efath Sharker(Director)

Co-investorsAgaeti VenturesAnchorless BangladeshOpenspace VenturesRC VenturesSkycatcher FundStartup Bangladesh+2 more

Paxelpaxel.co

Logistics company offering delivery services and a Paxel Recycle program using reusable ALVAboard packaging.

Co-investorsMDI Ventures

PINApina.idin𝕏

PINA offers a financial app that combines budgeting, savings tracking, and automated investing services for Indonesian consumers.

AI & Machine LearningFintechJakarta, ID

Daniel van Leeuwen(Founder)inHendry Chou(Founder)inChristian Hermawan(Founder)inFajar Kuntoro(Founder)in

Co-investors1982 VenturesCapria VenturesY CombinatoriSeed

Rekureku.idin𝕏

Reku is an Indonesian investment platform for buying, selling, and withdrawing crypto (spot and futures) and US stocks, with low transaction fees and 24/7 support.

Crypto & Web3Fintech

Robby(Founder)in

Co-investorsCapria VenturesCoinbase VenturesSkystar Capital

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has AC Ventures made?
AC Ventures has 76 tracked investments.
What stage does AC Ventures invest at?
AC Ventures invests at the Seed, Series A, Series B, Growth stages.
What is AC Ventures's typical check size?
AC Ventures typically writes checks of $963K – $87M.
What sectors does AC Ventures focus on?
AC Ventures focuses on AgTech, AI & Machine Learning, Biotech, Climate Tech, Consumer, E-commerce, EdTech, Enterprise Software, Fintech, Healthtech, InsurTech, Logistics & Supply Chain, Media & Entertainment, Retail Tech, SaaS, Sector Agnostic.
Where is AC Ventures located?
AC Ventures is headquartered in Jakarta, ID.
Does AC Ventures lead rounds?
AC Ventures typically participates in rounds rather than leading them.
Who does AC Ventures co-invest with?
AC Ventures most often shares deals with Capria Ventures, Agaeti Ventures, Skystar Capital, among 103 tracked co-investors.

From the blog

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AC Ventures' recent portfolio companies have shown strong momentum across consumer and fintech sectors in Southeast Asia: coffee company FORE achieved record revenue of IDR 1 trillion in H1 2026 while expanding its retail footprint, affordable-premium appliance maker Simplus reached 18 million users by targeting design-conscious consumers, and payments platform Xendit integrated Philippine rival Dragonpay to strengthen regional connectivity. AI summary

Media · Podcasts & interviews

featuring the team

AC Ventures & Investing into Indonesia with Helen Wong

Analyse Asia · Helen Wong · youtube.com

Helen Wong: AC Ventures Managing Partner Leadership Journey & China VC Acceleration - E423

BRAVE Southeast Asia Tech Podcast with Jeremy Au · Helen Wong

What are the red flags that deter Adrian Li from AC Ventures in investing into startups?

Analyse Asia · Adrian Li

The typical day of a VC for Adrian Li from AC Ventures

Analyse Podcast · Adrian Li

Why AC Ventures is always indexed towards the Indonesia market by Adrian Li

Analyse Podcast · Adrian Li

Adrian Li shares the origin story of AC Ventures in Indonesia

Analyse Podcast · Adrian Li

Images

AC Ventures photo

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