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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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AC Ventures
VC

Jakarta| Est. N/D

Leading SEA VC ($500M+ AUM) from 2019 merger of Agaeti & Convergence. Fund V closed at $210M (Jan 2024). 50% of portfolio C-level are women.

StageSeed
Ticket$500K - $15M
StatusActive (Top Tier)
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Investment Thesis

AC Ventures is a leading Southeast Asian Venture Capital firm managing $500M+ AUM across five funds. Formed through the 2019/2020 merger of Agaeti Ventures and Convergence Ventures. Fund V closed at $210M in January 2024 with IFC as LP.

Operating Model

  • 01Hands-on operational support
  • 02ESG focus
  • 03Deep local network

Focus Areas

FintechLogisticsConsumerClimate

Notable Investments

MAKA Motors KoltivaFazz

Verified Deal Flow (2019-2025)

StartupDateStageAmountSector
SirsakJul 2025Pre-SeedUS$ 600kClimate
BRIKMay 2025Series AUS$ 10MProptech
ChickinOct 2024Series A+US$ 20MAgritech
FinfraOct 2024Series AUS$ 2.5MFintech
BroomOct 2024Series A+US$ 25MCommerce
ReyOct 2024Series AUS$ 3.5MFintech
ArunaJul 2024Series A ExtensionUndisclosedAgritech
XuryaJul 2024Series BUS$ 55MClimate / Energy
RukitaMar 2024Series BUS$ 15MProptech
SemaaiJan 2024Pre-Series AUS$ 4.7MAgritech
Rosé All Day CosmeticsDec 2023Series AUS$ 5.41MD2C / Beauty
ALAMI Group (Hijra)Oct 2023GrowthUndisclosedFintech
StaffincSep 2023Series BUS$ 3.9MHR Tech
KoltivaSep 2023Series AUndisclosedAgritech
Beleaf FarmsAug 2023Series AUS$ 6.85MAgritech
HalodocJul 2023Series DUS$ 100MHealthtech
MAKA MotorsJul 2023SeedUS$ 37.6MEV / Auto
SkorlifeMay 2023SeedUS$ 4MFintech
Kredivo HoldingsMar 2023Series DUS$ 270MFintech
BroomMar 2023Pre-Series AUS$ 10MFintech
EdenFarmJan 2023Pre-Series BUS$ 13.5MAgritech
iSellerJan 2023Series BUS$ 12MRetail Tech
DestyJan 2023GrowthUS$ 4.35MCommerce
GajikuJan 2023SeedUS$ 1.1MHR Tech
SolarKita2023Follow-onUndisclosedClimate
Synergy Efficiency Solutions2023Follow-onUndisclosedClimate
Paper.idDec 2022Series BUS$ 12MFintech
FazzSep 2022Series CUS$ 100MFintech
ESBAug 2022Series BUS$ 29MSaaS
MajooAug 2022Series AUS$ 10MSaaS
KitaBeliJul 2022Series BUS$ 20MCommerce
IDEALJul 2022Pre-seedUS$ 3.8MFintech
Rey AssuranceJul 2022SeedUS$ 4.2MInsurtech
PINAJul 2022SeedUS$ 3MFintech
PopulixJun 2022Series AUS$ 7.7MSaaS
AstroMay 2022Series BUS$ 60MCommerce
SkorLifeMay 2022SeedUS$ 4MFintech
AtmaMay 2022Pre-seedUS$ 5MMarketplace
ZeniusMar 2022Series BUndisclosedEdtech
SirkaFeb 2022SeedUS$ 2.7MHealthtech
NobiFeb 2022SeedUS$ 4MFintech
BroomFeb 2022Pre-seedUS$ 3MFintech
ArunaJan 2022Series AUS$ 30MAgritech
PluangJan 2022Series BUS$ 55MFintech
GajikuJan 2022SeedUS$ 1.1MFintech
OtoklixDec 2021Series AUS$ 10MAutomotive
AstroNov 2021SeedUS$ 4.5MCommerce
Eden FarmNov 2021Series AUS$ 19MAgritech
MajooOct 2021Pre-Series AUS$ 4MSaaS / AI
OY! IndonesiaSep 2021Series AUS$ 30MFintech
SegariSep 2021Series AUS$ 16MCommerce
DropezySep 2021SeedUS$ 2.5MCommerce
AwanTunaiAug 2021Series A2US$ 56.2MFintech
ArunaJul 2021Series AUS$ 35MAgritech
FinantierJun 2021SeedUndisclosedFintech
BukuWarungJun 2021Series AUS$ 60MFintech
Ternak UangJun 2021SeedUS$ 2MFintech
BibitMay 2021GrowthUS$ 65MFintech
HangryMay 2021Series AUS$ 13MF&B
CoLearnApr 2021Series AUS$ 10MEdtech
PluangMar 2021Pre-Series BUS$ 20MFintech
KitaBeliMar 2021Series AUS$ 10MCommerce
AlamiJan 2021Series AUS$ 20MFintech
iSeller2021Pre-Series BUS$ 8MSaaS / AI
ShipperJun 2020Series AUS$ 20MLogistics
TaniHub GroupApr 2020Series A+US$ 17MAgritech
TaniHub GroupMay 2019Series AUS$ 10MAgritech

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