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VC Who Backed Carsome Raising $250 Million for Early-Stage Fund

  • Indonesia’s AC Ventures has raised two-thirds of the fund
  • Its latest raise underscores rising interest in Southeast Asia
Michael Soerijadji, founder & managing partner of AC Ventures, Helen Wong, managing partner, Adrian Li, founder & managing partner, and Pandu Sjahrir, founding partner.
Michael Soerijadji, founder & managing partner of AC Ventures, Helen Wong, managing partner, Adrian Li, founder & managing partner, and Pandu Sjahrir, founding partner.

Source: AC Ventures

Indonesia’s AC Ventures is raising $250 million for its fifth fund, banking on its reach in Southeast Asia’s largest economy to find the region’s next wave of early-stage startups.

The firm has secured almost two-thirds of its target at first close, according to its statement on Tuesday. About 80% of commitments are from institutional investors including sovereign funds, foundations, endowments and corporations.