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Indonesia-focused AC Ventures closes oversubscribed $205M third fund

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More investor money is flowing into Indonesia’s startup ecosystem. Today, AC Ventures, which focuses early-stage startups in the country, announced it has raise $205 million in committed capital for its oversubscribed Fund II, more than double its original target of $80 million. Investors include World Bank’s International Finance Corporation (IFC) and Disrupt AD, the venture development platform of Abu Dhabi Developmental Holdings. This brings the firm’s total assets under management to about $380 million.
AC Venture’s Fund III has been actively investing since its first close in March 2020, and has now completed 30 out of its 35 targeted investments, and says it is on track to deploy over $100 millio …

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