Last week, AC Ventures (ACV), based in Indonesia, announced the successful conclusion of its fifth investment fund, ACV Capital V L.P. (ACV Fund V), securing a total of $210 million (RM992.5 million), including co-investment funds. The macroeconomic landscape and digital economy of Indonesia, projected to grow from $82 billion (RM387.5 billion) in 2023 to an estimated $360 billion by 2030, position the country as a prominent choice for global technology investors. AC Ventures emphasized that the closure of Fund V marks a significant milestone in its journey, reinforcing its dedication to being a long-term partner for visionary founders and promising ventures that contribute to economic and societal progress throughout Southeast Asia.
Pandu Sjahrir, Founding Partner, expressed, "Indonesia emerges as a vibrant investment center, resilient amid global economic shifts. Our growth is driven by a youthful and expanding population, increasing prosperity, and a government that strongly supports investment. Following this trajectory, Indonesia is poised to rank among the world's top ten largest economies in the next decade".
AC Ventures reported that its ACV Fund V has received backing from a sophisticated group of global limited partners, with over 50% of commitments from returning investors and institutional capital comprising over 90% of the funds. Key investors supporting the fund include the World Bank’s IFC, as well as prominent financial institutions from the US, the Middle East, and North Asia.