AC Ventures

AC Ventures is an early-stage technology venture fund that focuses on investing in Indonesia’s digital disruptors. Their mission is to partner and support their entrepreneurs with more than capital, combining their operating experience, industry knowledge, and deep local network to bring value. The company was founded in 2020 and is based in Jakarta, Indonesia.

Alvin Cahyadi

Vice President Investment

Maliekah Harjani

Senior Investment Associate

Laura Lestari

Vice President Investment

Adrian Li

Founder and Managing Partner

Jeremy Sianto

Investment Associate

Michael Soerijadji

Founder and Managing Partner

Past deals in Indian Ocean

Brik

Seed Round in 2023
Brik is a construction material aggregator that enables small and midsize contractors to procure construction materials from vendors.

EdenFarm Indonesia

Series A in 2023
Eden Farm deliver fruit, vegetables and dry goods to restaurants in Indonesia. We work directly with local farmers and central markets all across the country.

SkorLife

Pre Seed Round in 2022
SkorLife Platforms provides credit history or credit score.

Esensi Solusi Buana

Series B in 2022
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.

KitaBeli

Venture Round in 2022
KitaBeli is a startup that sells daily essentials, fast-moving consumer goods (FMCG), and other household items.

PINA Indonesia

Seed Round in 2022
PINA Indonesia operates as a personal finance app.

Astro

Series B in 2022
Astro Indonesia is a quick commerce start-up that specializes in on-demand grocery delivery. The platform offers a wide range of products, including fresh fruits and vegetables, dairy, meat, seafood, medicines, stationery, and snacks, allowing consumers to purchase essential items conveniently. By focusing on delivering groceries within a specified timeframe, Astro aims to provide an affordable and efficient shopping experience for its customers.

Atma

Pre Seed Round in 2022
Atma is an Indonesia based social job platform powered by community.

Broom

Pre Seed Round in 2022
Broom is a developer of a digital platform tailored for the automotive industry, focusing on funding, car auctions, and vehicle sales. The platform allows automotive dealers to secure short-term loans by using their car inventories as collateral. This service enables clients and showroom owners to obtain necessary supplies and facilitate vehicle sales, thereby enhancing the development and reliability of their businesses.

NOBI

Seed Round in 2022
Nobi provides a cryptocurrency investment platform designed with multiple product offerings for users worldwide. Its mission is to make it easy for people to own crypto and earn yields. The company was founded in 2017 and is headquartered in Jakarta Barat, Indonesia.

Grow Commerce

Seed Round in 2022
Grow Commerce specializes in acquiring and scaling brands to maximize their growth potential. The company provides brand owners with fair and flexible valuation options, facilitating their ability to sell their businesses. By leveraging a technology-driven approach, Grow Commerce aids in accelerating the growth of acquired businesses, allowing owners to achieve their financial objectives more swiftly. This combination of operational support and strategic valuation empowers business owners to make informed decisions about cashing out their investments.

JULO

Series B in 2022
PT. Julo Teknologi Perdana operates a mobile application designed to offer affordable unsecured personal loans to smartphone users in Indonesia. Founded in 2016 and based in South Jakarta, the platform connects borrowers with lenders, utilizing machine learning technologies to determine interest rates and credit limits based on individual creditworthiness. JULO aims to provide low-cost loan products while ensuring profitability for its lending partners through careful underwriting assessments. The company incentivizes responsible borrowing behavior by offering cashback bonuses and the opportunity for reliable customers to access higher loan amounts at reduced interest rates upon loan maturity.

Sirka

Seed Round in 2022
Operator of a health-tech firm intended to help people with their obesity and diabetes and improve their eating habits. The company's application connects users to dietitians for meal plan recommendations as part of a three- or six-month program where users can set their goals, diets, and any diseases that need help with diet and improve nutritional intake, enabling users to lead a healthy lifestyle.

Majoo

Seed Round in 2022
Majoo is a apps company located in Jakarta.

Astro

Series A in 2022
Astro Indonesia is a quick commerce start-up that specializes in on-demand grocery delivery. The platform offers a wide range of products, including fresh fruits and vegetables, dairy, meat, seafood, medicines, stationery, and snacks, allowing consumers to purchase essential items conveniently. By focusing on delivering groceries within a specified timeframe, Astro aims to provide an affordable and efficient shopping experience for its customers.

CoLearn

Series A in 2022
CoLearn develops an edtech platform that enables tuition centers and tutors to create online learning classes for their students. It provides online classes and livestreamed homework and exam assistance. It also features a practice platform that allows students to learn independently and at their own pace, with the help of hints and solutions to each problem. CoLearn was founded in 2020 and is based in Kebayoran Baru, Indonesia.

Aruna

Series A in 2022
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Raena

Series A in 2022
Raena R.U. PTE. LTD is an e-commerce platform based in Singapore, primarily focused on enabling social media influencers to launch their own beauty brands. Founded in 2018, the company specializes in product development, marketing, brand construction, sales, and distribution. In addition to supporting influencers, Raena also caters to Indonesian customers by offering a selection of beauty products sourced from Japan and Korea. The company was established by Sreejita Deb, who has a background in prestigious institutions such as Harvard Business School, Google, and Amazon.

KoinWorks

Series C in 2022
KoinWorks is Indonesia Super Financial App and winner of Asian Banker Financial Innovation Award 2019 for Lending Category. With multiple financial product offers where users can manage both their asset and liabilities under one single platform. A true financial technology evolution, with core DNA in providing accessible and affordable financial solutions for everyone.

Otoklix

Series A in 2021
Otoklix develops, owns, and operates a platform that provides automotive aftermarket services. It also provides customer relationship management and supply chain management solutions for independent car workshops. It products include Otoklix, a platform that allows users to book services online at a recommended independent workshop nearby. The company was founded in 2019 and is based in Jakarta Selatan, Indonesia.

EdenFarm Indonesia

Series A in 2021
Eden Farm deliver fruit, vegetables and dry goods to restaurants in Indonesia. We work directly with local farmers and central markets all across the country.

Astro

Seed Round in 2021
Astro Indonesia is a quick commerce start-up that specializes in on-demand grocery delivery. The platform offers a wide range of products, including fresh fruits and vegetables, dairy, meat, seafood, medicines, stationery, and snacks, allowing consumers to purchase essential items conveniently. By focusing on delivering groceries within a specified timeframe, Astro aims to provide an affordable and efficient shopping experience for its customers.

NAMA Beauty

Seed Round in 2021
NAMA Beauty is a direct-to-consumer (D2C) brand that offers cosmetics, skincare, and beauty products.

Majoo

Seed Round in 2021
Majoo is a apps company located in Jakarta.

Esensi Solusi Buana

Series A in 2021
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.

Legit Group

Seed Round in 2021
Legit Group is a cloud kitchen company operating in Southeast Asia, specializing in the creation of food and beverage brands tailored for delivery services. The firm offers a dual-platform approach that caters to both offline and online dining experiences. For offline dining, food is prepared for immediate consumption, while the online dining service ensures that meals remain fresh and in optimal condition during delivery, even under challenging circumstances. This model allows Legit Group to provide customers with affordable, high-quality food options, emphasizing convenience and freshness in the growing delivery market.

Segari

Series A in 2021
Segari operates as an online grocery company.

ALAMI

Series A in 2021
SME financing aggregator focusing on sharia market, thrive to revolutionize the sharia finance industry through technology.

ALAMI

Series A in 2021
SME financing aggregator focusing on sharia market, thrive to revolutionize the sharia finance industry through technology.

Aruna

Series A in 2021
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Aruna

Series A in 2021
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Majoo

Seed Round in 2021
Majoo is a apps company located in Jakarta.

OY!

Series A in 2021
OY! is a fintech application that simplifies the management of finances. It is providing a free and easy way of transferring money directly from debit cards, viewing of bank account balances and bank statements as well as providing various financial products. The Jakarta, Jakarta Raya-based fintech company was co-founded in 2017 by Hilfi Alkaff, Jan Kristanto, and Jesayas Ferdinandus.

KLAR Smile

Seed Round in 2021
Klar is an aesthetic dental technology startup that provides cosmetic dentistry treatments.

Bibit

Venture Round in 2021
Bibit is a Robo-advisor application aimed at making investing more accessible in Indonesia. It offers a financial platform that assists users with personal investments by intelligently allocating their funds into a diversified mutual fund portfolio. The platform takes into account individual factors such as age, income, and overall risk profile, thereby providing users with a streamlined and hassle-free investment experience. Bibit effectively combines technology with professional financial planning services, enabling a broader audience to engage in investment activities.

CoLearn

Series A in 2021
CoLearn develops an edtech platform that enables tuition centers and tutors to create online learning classes for their students. It provides online classes and livestreamed homework and exam assistance. It also features a practice platform that allows students to learn independently and at their own pace, with the help of hints and solutions to each problem. CoLearn was founded in 2020 and is based in Kebayoran Baru, Indonesia.

Shipper

Series B in 2021
Shipper works with online or corporate vendors to pick up items to be shipped using selected logistics services. It cooperates with online sellers or companies to pick up goods to be sent using selected logistics services. Its platform offers package pick-up service and fulfillment centers, help logistics providers manage shipments, predicts the best shipping routes, consolidate packages headed in the same direction and also provides a multi-carrier API that enables sellers to manage orders, print shipping labels and get tracking information from multiple providers on their phones.

Shipper

Series B in 2021
Shipper works with online or corporate vendors to pick up items to be shipped using selected logistics services. It cooperates with online sellers or companies to pick up goods to be sent using selected logistics services. Its platform offers package pick-up service and fulfillment centers, help logistics providers manage shipments, predicts the best shipping routes, consolidate packages headed in the same direction and also provides a multi-carrier API that enables sellers to manage orders, print shipping labels and get tracking information from multiple providers on their phones.

KitaBeli

Series A in 2021
KitaBeli is a startup that sells daily essentials, fast-moving consumer goods (FMCG), and other household items.

Segari

Seed Round in 2021
Segari operates as an online grocery company.

Esensi Solusi Buana

Series A in 2021
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.

EdenFarm Indonesia

Seed Round in 2021
Eden Farm deliver fruit, vegetables and dry goods to restaurants in Indonesia. We work directly with local farmers and central markets all across the country.

Raena

Series A in 2021
Raena R.U. PTE. LTD is an e-commerce platform based in Singapore, primarily focused on enabling social media influencers to launch their own beauty brands. Founded in 2018, the company specializes in product development, marketing, brand construction, sales, and distribution. In addition to supporting influencers, Raena also caters to Indonesian customers by offering a selection of beauty products sourced from Japan and Korea. The company was established by Sreejita Deb, who has a background in prestigious institutions such as Harvard Business School, Google, and Amazon.

ALAMI

Series A in 2021
SME financing aggregator focusing on sharia market, thrive to revolutionize the sharia finance industry through technology.

Stockbit

Series C in 2021
Stockbit adalah komunitas investasi di Indonesia. Stockbit memberi ruang bagi investor dan trader untuk berbagi ide, berita dan informasi keuangan lainya secara real-time. Pengguna bisa membuat profil dan mengikuti saham tertentu atau investor favorit untuk mendapatkan informasi berharga dan bertukar pikiran.

Bibit

Series A in 2021
Bibit is a Robo-advisor application aimed at making investing more accessible in Indonesia. It offers a financial platform that assists users with personal investments by intelligently allocating their funds into a diversified mutual fund portfolio. The platform takes into account individual factors such as age, income, and overall risk profile, thereby providing users with a streamlined and hassle-free investment experience. Bibit effectively combines technology with professional financial planning services, enabling a broader audience to engage in investment activities.

CoLearn

Seed Round in 2020
CoLearn develops an edtech platform that enables tuition centers and tutors to create online learning classes for their students. It provides online classes and livestreamed homework and exam assistance. It also features a practice platform that allows students to learn independently and at their own pace, with the help of hints and solutions to each problem. CoLearn was founded in 2020 and is based in Kebayoran Baru, Indonesia.

Finantier

Seed Round in 2020
Finantier operates an open finance platform that delivers essential infrastructure and data products for businesses in Southeast Asia. Founded in 2020 and based in Jakarta Selatan, Indonesia, the company enables institutions to access and enrich datasets from various financial sources, including banks and financial companies. Its platform facilitates services such as account integration, income and identity verification, and recurring payment management. By utilizing application programming interfaces (APIs), Finantier allows businesses to build advanced financial services that integrate consumer data from personal bank accounts, card details, loans, and mortgages. The company aims to position itself as a central player in the region's digital economy.

KitaBeli

Seed Round in 2020
KitaBeli is a startup that sells daily essentials, fast-moving consumer goods (FMCG), and other household items.

Aruna

Series A in 2020
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

BukuWarung

Seed Round in 2020
BukuWarung is a technology startup founded in 2019 by Chinmay Chauhan and Abhinay Peddisetty in Jakarta, Indonesia. The company offers an accounting and credit management app tailored for micro-businesses, allowing them to efficiently track their financial transactions, including sales, expenses, and customer accounts. The platform integrates digital payment solutions, which facilitate cash and credit management for small merchants. By automating payment reminders, BukuWarung helps users achieve faster repayments and improved cash flow, while also providing essential business reports to enhance financial visibility. Overall, BukuWarung's services empower small businesses to maintain accurate records and streamline their financial operations.

Soul Parking

Seed Round in 2020
Soul Parking is a specialized parking management service that addresses urban motorcycle parking challenges through innovative solutions. The company has developed compact motorcycle storage systems designed to optimize limited land areas while ensuring safety and comfort for users. These systems incorporate security measures, including closed-circuit television monitoring and the oversight of parking attendants, to provide a secure environment for two-wheelers. By focusing on modern design and efficient use of space, Soul Parking offers a reliable and accountable parking solution aimed at alleviating traffic congestion and enhancing the overall parking experience for motorcycle users.

Shipper

Series A in 2020
Shipper works with online or corporate vendors to pick up items to be shipped using selected logistics services. It cooperates with online sellers or companies to pick up goods to be sent using selected logistics services. Its platform offers package pick-up service and fulfillment centers, help logistics providers manage shipments, predicts the best shipping routes, consolidate packages headed in the same direction and also provides a multi-carrier API that enables sellers to manage orders, print shipping labels and get tracking information from multiple providers on their phones.

Esensi Solusi Buana

Seed Round in 2020
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.

Kargo Technologies

Series A in 2020
Kargo Technologies is an online logistics platform based in Jakarta, Indonesia, founded in 2018. The company operates a freight logistics marketplace that connects shippers from the retail, e-commerce, and commercial sectors with truck fleets across the Indonesian archipelago. Kargo's platform allows users, including shippers, transporters, and truckers, to connect, transact, and track shipments in real time through both a website and a mobile application. This comprehensive approach facilitates efficient logistics solutions throughout the region.

BukuWarung

Seed Round in 2020
BukuWarung is a technology startup founded in 2019 by Chinmay Chauhan and Abhinay Peddisetty in Jakarta, Indonesia. The company offers an accounting and credit management app tailored for micro-businesses, allowing them to efficiently track their financial transactions, including sales, expenses, and customer accounts. The platform integrates digital payment solutions, which facilitate cash and credit management for small merchants. By automating payment reminders, BukuWarung helps users achieve faster repayments and improved cash flow, while also providing essential business reports to enhance financial visibility. Overall, BukuWarung's services empower small businesses to maintain accurate records and streamline their financial operations.

Shipper

Seed Round in 2019
Shipper works with online or corporate vendors to pick up items to be shipped using selected logistics services. It cooperates with online sellers or companies to pick up goods to be sent using selected logistics services. Its platform offers package pick-up service and fulfillment centers, help logistics providers manage shipments, predicts the best shipping routes, consolidate packages headed in the same direction and also provides a multi-carrier API that enables sellers to manage orders, print shipping labels and get tracking information from multiple providers on their phones.

Stockbit

Series A in 2019
Stockbit adalah komunitas investasi di Indonesia. Stockbit memberi ruang bagi investor dan trader untuk berbagi ide, berita dan informasi keuangan lainya secara real-time. Pengguna bisa membuat profil dan mengikuti saham tertentu atau investor favorit untuk mendapatkan informasi berharga dan bertukar pikiran.