About AC Ventures
AC Ventures is a venture capital firm founded in 2011. It is primarily based out of Istanbul, Turkey. As of Oct 2021, AC Ventures has invested in 29 companies. It primarily invests in Seed round in Turkey based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and FinTech. Most recently it participated in the $***** Series A round of LoveLocal Overall, AC Ventures portfolio has seen 2 acquisitions, namely Volt Lines and Local Guddy. A lot of funds co-invest with AC Ventures, with names like Vulcan Capital sharing a substantial percentage of its portfolio. AC Ventures has team of 2 people including 1 partners.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
AC Ventures' List of Top Investments
AC Ventures has a portfolio of 29 companies. Their most notable investments are in Local Guddy and Sinemia.Their portfolio spans across Turkey, United States, Indonesia and 6 more locations. They have invested in Consumer, Enterprise Applications, FinTech and 13 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by AC Ventures:1. Crowdcube
Equity-based crowdfunding platform for businesses and startups. Users can invest in startups and growing businesses in exchange for shares of the company. Users can own fractions of a share using the platform. The platform focuses on investments across a variety of industries, including food and beverage, fintech, the internet, and consumer goods. Investors can also look at potential investment options and learn about tax benefits.
Key facts about Crowdcube
- Founded Year: 2010
- Location: Exeter (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $62.9M
- Employee Count: 124 as on Aug 31, 2026
- Investors: Draper Esprit, Molten Ventures and 30 Others
- Latest Funding Round: Series C, Nov 23, 2021, $*****
- Highlight: Editors' Pick
2. LoveLocal
Platform offering e-commerce platform connecting consumers with local retailers. It is an online platform that enables users to shop from local Kirana stores. It include includes fruits, vegetables, meat, snacks, pharmaceuticals, beauty products, cleaning essentials and more.
Key facts about LoveLocal
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $25.7M
- Employee Count: 229 as on Aug 31, 2025
- Investors: Chiratae Ventures, Flat Capital and 63 Others
- Latest Funding Round: Series A, Sep 07, 2022, $*****
- Highlight: Editors' Pick
3. BukuWarung
Bukuwarung provides bookkeeping software for businesses. It features solutions for transaction management, report management, payment management, credit monitoring, and more. It allows businesses to manage records for accounts payable, accounts receivable, sales, and expenses. The app is available on both Android and IOS platforms. It serves multiple business sectors including groceries, food stalls, store building, car rentals, etc.
Key facts about BukuWarung
- Founded Year: 2019
- Location: Jakarta (Indonesia)
- Stage: Series A
- Total Funding till date: $80M
- Employee Count: 346 as on Aug 31, 2026
- Investors: Rocketship, Valar Ventures and 32 Others
- Latest Funding Round: Series A, Jun 10, 2021, $*****
- Highlight: Editors' Pick
4. ESB
Provider of restaurant management solutions for business. It offers restaurant technology that helps to manage F&B business. It offers integrated software technology specifically for food & beverage business operations, including restaurants, cloud kitchens, food stalls, and hotels. Its solution offers POS solutions, ordering and payments, queuing displays, purchasing, inventory, finance, accounting, and more.
Key facts about ESB
- Founded Year: 2015
- Location: Tangerang (Indonesia)
- Stage: Series B
- Total Funding till date: $39.6M
- Employee Count: 438 as on Aug 31, 2026
- Investors: AC Ventures, Beenext and 6 Others
- Latest Funding Round: Series B, Aug 29, 2022, $*****
- Highlight: Editors' Pick
5. Volt Lines
VoltLines is a SaaS-driven route scheduling software for employee transportation. The platform enables enterprises to reserve seats for daily employee transportation. It also offers an HR web app for enterprises that enables them to track buses, gain insights, add/remove employees & more. Their app is available for iOS & Android devices.
Key facts about Volt Lines
- Founded Year: 2017
- Location: Istanbul (Turkey)
- Stage: Acquired
- Total Funding till date: $1.61M
- Employee Count: 65 as on Aug 31, 2026
- Investors: Crescent Enterprises, Wamda Capital and 13 Others
- Latest Funding Round: Seed, Nov 14, 2018, $*****
- Highlight: Acquired
AC Ventures' Year-on-Year Investment Trends
AC Ventures has invested in 29 companies over the last 13 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in LoveLocal and most recent follow-on round was in BukuWarung.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 1 | 1 | 2 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
AC Ventures' Investments by Stage
AC Ventures has made 11 investments in Seed stage with an average round size of $330K and 1 investment in Series A stage with an average round size of $18M.Stage of entry | No. of Investments |
|---|---|
Seed | 11 |
Series A | 1 |
Note: We have considered here, only first round of investments
AC Ventures' Investments by Sector
AC Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Gig Economy, FinTech and Retail. Notably, it has invested in 24 Tech companies, 18 Consumer (B2C) companies, 14 Enterprise (B2B) companies and at least 12 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 8 |
Enterprise Applications | 5 |
Gig Economy | 4 |
FinTech | 2 |
Retail | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
AC Ventures' Investments by Geography
AC Ventures has made most investments in Turkey (5), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
Turkey | 5 |
United States | 3 |
India | 1 |
Indonesia | 1 |
Ireland | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
AC Ventures' recent investments
AC Ventures has not made any investment in 2026 so far.Here are the most recent investments by AC Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 28, 2021 | India | Series A | 4143 | [+33] | |
Jul 02, 2020 | Indonesia | Seed | 1066 | [+5] | |
Apr 07, 2020 | Indonesia | Seed | 1149 | [+3] | |
Aug 27, 2018 | Turkey | Seed | 5341 | [+3] | |
2017 | United States | Seed | 3215 | - |
Acquired companies in AC Ventures' Portfolio
2 companies from AC Ventures' portfolio have been acquired. The most recent acquisition was Volt Lines in Apr 2022 by Swvl for $*****.Here are AC Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 25, 2022 | Aug 27, 2018 | Seed | 4703 | |
Feb 25, 2018 | 2017 | Seed | 9387 |
Team profile of AC Ventures
AC Ventures has a team of 2 members located in Turkey. AC Ventures' team does not sit on the board of any company as of now.Co-investors of AC Ventures
Over the past 13 years, 106 investors have co-invested in AC Ventures's portfolio companies. This includes funds and angels.
- Invested before AC Ventures: BIC Angel Investments, Saha Fund and 24 others have invested in rounds before AC Ventures. There are 2 companies where BIC Angel Investments has invested before AC Ventures and 1 company where Saha Fund has invested before AC Ventures.
- Top Co-investors of AC Ventures: 37 investors entered a company along with AC Ventures. These include investors like Vulcan Capital (1 company).
- Invested after AC Ventures: A total of 43 investors have invested in AC Ventures's portfolio after their investments. Top Investors include Valon Capital (1 company), Nikil Viswanathan (1 company) and Joseph Lau (1 company).
Recent News related to AC Ventures
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HouseEazy secures $1M seed fundingVlog•Dec 19, 2023•HouseEazy, Antler, Finvolve, Agility Ventures and 6 others
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Indonesian fashion brand aggregator Grow Commerce bags US$7m from AC Ventures, East VenturesThe Business Times•Feb 15, 2022•Grow Commerce, AC Ventures, East Ventures, Grow Commerce and 2 others
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Personal health coaching platform Sirka nets US$2.6M led by AC Ventures, Wavemakere27•Feb 07, 2022•Sirka, Wavemaker, Goodwater Capital, AC Ventures and 5 others
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🇮🇩 Fishery platform nets $30m in Vertex-led roundTech in Asia•Jan 27, 2022•Aruna, Vertex Ventures, Prosus, AC Ventures and 6 others
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Food Market Hub scores US$8.5M to expand to Indonesia and grow in Singapore, Thailande27•Dec 02, 2021•Food Market Hub, AC Ventures, GO VC, 500 Global and 5 others
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Indonesia's AC Ventures closes debut fund at $205 millionAsian Venture Capital Journal•Dec 01, 2021•AC Ventures
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Indonesian Startup Ula Secures $23.1 MillionSmart Branding•Nov 16, 2021•Ula, Tencent, B Capital, Prosus and 16 others
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Eden Farm closes US$19M Series A to supply food ingredients to HORECA, wet markets, e-commerce firmse27•Nov 08, 2021•Eden Farm, AppWorks, AC Ventures, OCBC NISP Ventura and 3 others
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Ex-Tokopedia exec’s quick commerce firm raises $4.5mTech in Asia•Nov 02, 2021•Astro, Global Founders Capital, AC Ventures, Lightspeed Venture Partners and 2 others
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AC Ventures, SiCepat pour $5m into Indonesian beauty startupTech in Asia•Nov 01, 2021•Nama Beauty, AC Ventures, DMM, SiCepat and 1 other
