AC Ventures
AC Ventures is a Jakarta-based growth equity firm investing in early- to growth-stage technology companies across Southeast Asia, managing over US$500 million in AUM across 120+ portfolio companies with a hands-on value creation platform.
- Company typePrivate
- Founded2011
- HeadquartersJakarta, Indonesia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What AC Ventures does
AC Ventures is a Jakarta-based growth equity and venture capital firm focused on Indonesia and Southeast Asia. The firm was formed in 2021 through the merger of two Indonesia-focused venture capital funds, Agaeti Venture Capital and Convergence Ventures, consolidating more than a decade of regional investing history. It operates a dual brand — AC Ventures as the legal entity and ACV Capital as its primary commercial brand — and manages over US$500 million in assets across more than 120 portfolio companies.
The firm deploys capital into early- to growth-stage technology-enabled businesses across nine target verticals: consumer platforms, fintech, climate and sustainability, mobility and logistics, healthcare, education, enterprise software, commerce infrastructure, and B2B/SME services. Beyond capital deployment, ACV positions a proprietary Value Creation Suite to portfolio companies, delivering hands-on operational support across talent operations, marketing, business development, and capital formation. The firm also publishes industry reports and founder playbooks in partnership with BCG, Bain & Company, PwC, Kearney, Deloitte, and Stripe, and operates an educational program branded ACV Academy.
Revenue is generated through management fees on committed and deployed capital plus carried interest on fund realizations, consistent with standard venture capital economics. Fund III completed its final close in 2022 with over US$205 million in committed capital from institutional investors including the World Bank Group's IFC and Abu Dhabi's DisruptAD. Leadership is anchored by Founders and Managing Partners Adrian Li and Michael Soerijadji, Founding Partner Pandu Sjahrir, and Managing Partner Helen Wong; the firm maintains a regional subsidiary, ACV Capital Malaysia, and reported headcount of 11-50 employees.
AC Ventures firmographics
Firmographics- Name
- AC Ventures
- Legal name
- AC Ventures
- Website
- https://acv.vc
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- AC Ventures is a Jakarta-based growth equity firm investing in early- to growth-stage technology companies across Southeast Asia, managing over US$500 million in AUM across 120+ portfolio companies with a hands-on value creation platform.
- Ownership category
- akta.pro rank
AC Ventures industry classification
Industry- Product category
- Venture Capital / Growth Equity
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Technology & Software Growth Equity (FSANACAA)
- akta.pro secondary industries
- Education / EdTech Growth Equity (FSANACAL), Healthcare & Life Sciences Growth Equity (FSANACAB)
Keywords
Where AC Ventures is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices2 records
Markets served
AC Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management: ACV Capital operates as a growth equity firm with over US$500 million under management. Revenue is generated through management fees and carried interest from their investment funds.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
AC Ventures product offering
Product offeringCore offering
AC Ventures is a growth equity and venture capital firm that invests capital in early- and growth-stage technology-enabled companies across Southeast Asia. Beyond capital, the firm delivers a hands-on value creation suite—including a dedicated value creation team, the ACV Academy founder education program, and research playbooks produced with leading consultancies—to help portfolio companies scale into market leaders.
Product overview
ACV Capital is a growth equity investment firm that operates as a single unified service offering rather than a platform-plus-modules architecture. The firm provides investment capital combined with value creation support, including the ACV Academy educational program and a suite of operational playbooks and reports produced in partnership with leading consultancies (BCG, Bain & Company, PwC, Kearney). The firm manages over US$500 million across 120+ portfolio companies in Southeast Asia, targeting sectors including Consumer, Retail, Healthcare, Education, Climate & Sustainability, Mobility & Logistics, Enterprise Solutions, Commerce Infrastructure, and Financial Technology.
Differentiator
Problem solved
Functional benefit
Products and services
- ACV Capital Investment Services
- Value Creation Suite
- ACV Academy
- Industry Reports & Playbooks
Quantifiable outcome
- 40% of leadership roles held by women across portfolio companies
- +2 more outcomes
Companies that use AC Ventures
Customer profileSegments9 records
Ideal customer profiles2 records
AC Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AC Ventures partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, core and regional.
- Boston Consulting GroupflagshipACV Capital partnered with BCG and BCG X to produce the Indonesian Financial Services GenAI Report and other impact reports, setting ESG standards for Indonesian tech sector.
- Bain & CompanyflagshipACV Capital collaborated with Bain & Company on the Indonesia Venture Capital Report 2023, the premier report on Indonesia's VC ecosystem.
- DeloittecoreACV Capital partnered with Deloitte to produce the 2024 Impact Report, Accelerating Impact into New Heights.
- PwC IndonesiacoreACV Capital collaborated with PwC Indonesia on the Cybersecurity Playbook for Startups and Corporate Governance for Tech Startups playbook.
- StripecoreACV Capital and Stripe released a joint playbook for founders on Go-to-Market strategies.
- KEARNEYcoreACV Capital partnered with Kearney to produce the Talent Retention Playbook for the Digital Age.
- AustraderegionalACV Capital collaborated with Australian Trade and Investment Commission (Austrade) to host a tech mixer driving Australia-Indonesia collaboration.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
AC Ventures competitors and assessment
Company assessmentDirect peers
- Wavemaker Partners: SEA-focused early- and growth-stage VC that co-invested with AC Ventures in deals like Sirka and Soul Parking; offers a comparable early-growth, hands-on operating partner model.
- East Ventures: Indonesia- and Southeast Asia-focused early- and growth-stage technology VC and direct peer; competes for the same Indonesian tech founders across seed, Series A, and Series B rounds and runs a comparable portfolio support model.
- Golden Gate Ventures: Singapore-headquartered early-stage VC focused on Southeast Asia; comparable in stage, geography, and sector breadth, and a regular participant in Indonesian seed-to-Series A rounds.
- AppWorks: Taiwan-headquartered VC and accelerator active across Greater Southeast Asia; co-led Soul Parking's Series A extension with AC Ventures and competes for the same cross-border SEA growth-stage opportunities.
- Openspace Ventures: Pan-ASEAN early- and growth-stage VC (formerly NSI Ventures); directly comparable mandate and stage, with overlapping investments across Indonesia, Vietnam, and the Philippines.
- Monk's Hill Ventures: Singapore-based early-to-growth stage tech investor focused on Southeast Asia; directly comparable in stage, geography, and cheque size, and frequently co-invests with or competes against AC Ventures in Indonesian rounds.
Broad incumbents
- Vertex Ventures: Temasek-backed global VC network with an active Southeast Asia fund (Vertex Growth); competes for growth-stage Indonesian rounds and has a deeper balance sheet and LP base than AC Ventures.
- Sequoia Capital (Southeast Asia / Surge): Global tier-1 VC with an active Southeast Asia presence via Sequoia India/SEA and the Surge early-stage programme; competes for later-stage Indonesian deals and has materially more capital and global LP relationships than AC Ventures.
- 500 Global (500 Startups): Global early-stage VC and accelerator with a long-standing Southeast Asia franchise; overlaps in seed and pre-seed Indonesian deals and offers an accelerator model that competes with AC Ventures' ACV Academy.
Emerging players
- Antler: Global early-stage investor and startup generator with strong Southeast Asia presence; co-invested with AC Ventures in Armory's seed round and frequently participates in the same Indonesian seed deals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
AC Ventures social profiles
Digital presenceAC Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
AC Ventures leadership team
Management profileNumber of profiles
Profiles8 records
AC Ventures subsidiaries and ownership
Company hierarchySubsidiaries3 records
AC Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AC Ventures M&A and investment
M&A and investmentM&A
Investments155 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AC Ventures
What does AC Ventures do?
AC Ventures is a growth equity and venture capital firm that invests capital in early- and growth-stage technology-enabled companies across Southeast Asia. Beyond capital, the firm delivers a hands-on value creation suite—including a dedicated value creation team, the ACV Academy founder education program, and research playbooks produced with leading consultancies—to help portfolio companies scale into market leaders.
Is AC Ventures a public or private company?
AC Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was AC Ventures founded?
AC Ventures was founded in 2011. It employs 11 to 50 people.
Where is AC Ventures based?
AC Ventures is headquartered in Jakarta, Indonesia, in the Asia region.
How does AC Ventures make money?
One revenue line is on record: fund Management.
Who are AC Ventures's main competitors?
Direct peers on record are Wavemaker Partners, East Ventures, Golden Gate Ventures, AppWorks, Openspace Ventures and Monk's Hill Ventures. Broad incumbents are Vertex Ventures, Sequoia Capital (Southeast Asia / Surge) and 500 Global (500 Startups). Antler is listed as an emerging player.
Does AC Ventures have an API?
No public API is recorded for AC Ventures.
What industry is AC Ventures in?
AC Ventures's product category is Venture Capital / Growth Equity. Its primary akta.pro industry code is FSANACAA, Technology & Software Growth Equity, with a secondary code of FSANACAL, Education / EdTech Growth Equity. Its NAICS code is 523940 and its SIC code is 6282.