AC Ventures Shuts Down Fresh Fund Focused on Indonesia, Garnering $210M in Capital
AC Ventures has already started investing from Fund V in startups like Indonesian electric vehicle maker MAKA Motors and sustainable farming startup Koltiva.
Fund V will add around 25 companies to AC Ventures’ current portfolio of 120 startups.
One of AC Ventures’ priorities is investing in firms that have high environmental and social impacts.
It says that its third fund, Fund III, had an overall impact ratio of +37% as measured by Finland’s The Upright Project, putting it above the Nasdaq Small Cap Index average of +29%.
Wong says AC Ventures is a signatory of the UN’s Women’s Empowerment Principles and IFC’s Invest2Equal program.
