About AC Ventures
AC Ventures is a venture capital firm founded in 2014. It is primarily based out of Jakarta, Indonesia. As of Jan 2025, AC Ventures has invested in 108 companies. It primarily invests in Series A round in Indonesia based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and Retail. Most recently it participated in the $***** Series A round of Soul Parking Overall, AC Ventures portfolio has seen 2 unicorns, 2 IPOs and 10 acquisitions including key companies like Xendit, Fore Coffee and Moka. A lot of funds co-invest with AC Ventures, with names like East Ventures sharing a substantial percentage of its portfolio. AC Ventures has team of 16 people including 3 partners.Key Metrics
AC Ventures' List of Top Investments
AC Ventures has a portfolio of 108 companies, including 2 unicorns. Their most notable investments are in GMEETECH and Gajiku.Their portfolio spans across Indonesia, Singapore, Thailand and 8 more locations. They have invested in Consumer, Enterprise Applications, Retail and 29 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by AC Ventures:
1. Xendit
Online payment and money transfer platform for businesses. The company serves commerce startups to large enterprises enabling businesses to accept payments, disburse payroll, run marketplaces, and more. Payments can be accepted via multiple channels including direct debit, virtual accounts, credit and debit cards, e-wallets, retail outlets, online installments, and more. Application is made available on Android and iOS platforms.
Key facts about Xendit
- Founded Year: 2015
- Location: Jakarta (Indonesia)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $554M
- Employee Count: 636 as on May 31, 2026
- Investors: Toba Capital, Tiger Global Management and 28 Others
- Latest Funding Round: Series D, Sep 07, 2022, $*****
- Highlight: Editors' Pick
2. Fore Coffee
Fore Coffee owns and operates a chain of a coffee house. The company's menu offerings include pandan latte, latte, cold brew, cappuccino, americano, espresso, etc. Also offers green tea, creme caramel tea, jasmine green tea, etc. Also offers Android and iOS mobile app to order coffee for delivery.
Key facts about Fore Coffee
- Founded Year: 2018
- Location: Jakarta (Indonesia)
- Stage: Public
- Total Funding till date: $40M
- Employee Count: 2,799 as on May 31, 2026
- Investors: Sequoia Capital, Novocap and 7 Others
- Latest Funding Round: Series B, Nov 06, 2019, $*****
- Highlight: Public
3. Beam
Operator of shared electric scooter networks for urban transportation needs. These systems provide short-term rental access to motorized vehicles for travel within city environments. Users locate and unlock equipment through mobile applications to facilitate transit between points. The service includes maintenance and management of the vehicle fleet to ensure availability for public use.
Key facts about Beam
- Founded Year: 2018
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2019
- Stage: Series B
- Total Funding till date: $135M
- Employee Count: 199 as on May 31, 2026
- Investors: Affirma Capital, EDBI and 33 Others
- Latest Funding Round: Series B, Feb 25, 2022, $*****
- Highlight: Editors' Pick
4. Astro
Online platform offering multi-category grocery supplies. Its product offerings include fruit & vegetables, dairy & egg, fresh meat & seafood, cake ingredients, household cleaning supplies, stationery supplies, and more. The company offers mobile applications for Android and iOS platforms.
Key facts about Astro
- Founded Year: 2021
- Location: Jakarta (Indonesia)
- Stage: Series B
- Total Funding till date: $143M
- Employee Count: 2,289 as on May 31, 2026
- Investors: Amazon, Tiger Global Management and 10 Others
- Latest Funding Round: Series B, Sep 15, 2025, $*****
- Highlight: Editors' Pick
5. Docquity
Professional networking platform for doctors. It connect healthcare professionals and facilitate discussions on real-world medical cases. It also provides chat for doctors, medical video lectures, live webinars, and a medical events calendar. It offers courses that teach the fundamentals of writing and publishing medical articles, case reports, and research papers. It offers courses focused on personal development, stress management, and preventing burnout for healthcare professionals.
Key facts about Docquity
- Founded Year: 2011
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2023
- Stage: Series C
- Total Funding till date: $57.5M
- Employee Count: 366 as on May 31, 2026
- Investors: Convergence Ventures, Global Brain and 20 Others
- Latest Funding Round: Series C, Aug 18, 2022, $*****
- Highlight: Editors' Pick
AC Ventures' Year-on-Year Investment Trends
AC Ventures has invested in 108 companies over the last 9 years, with an average of 8 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Collektr and most recent follow-on round was in Soul Parking.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 5 | 4 | 9 |
2023 | 8 | 7 | 15 |
2022 | 18 | 12 | 30 |
2021 | 17 | 12 | 29 |
2020 | 8 | 2 | 10 |
2019 | 2 | 0 | 2 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
AC Ventures' Investments by Stage
AC Ventures has made 34 investments in Seed stage with an average round size of $5.4M, 19 investments in Series A stage with an average round size of $15.7M, 4 investments in Series B stage with an average round size of $67.6M, 1 investment in Series C stage with an average round size of $43M and 1 investment in Unattributed stage with an average round size of $3.8M.Stage of entry | No. of Investments |
|---|---|
Seed | 34 |
Series A | 19 |
Series B | 4 |
Series C | 1 |
Unattributed | 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, Retail, Enterprise Applications, FinTech and Food and Agriculture Tech. Notably, it has invested in 97 Tech companies, 57 Consumer (B2C) companies, 57 Enterprise (B2B) companies and at least 43 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 26 |
Retail | 19 |
Enterprise Applications | 16 |
FinTech | 14 |
Food and Agriculture Tech | 10 |
Others | 67 |
Note: We have considered here, only first round of investments
AC Ventures' Investments by Geography
AC Ventures has made most investments in Indonesia (42), followed by Singapore where it has made 7 investments.Country | No. of Investments |
|---|---|
Indonesia | 42 |
Singapore | 7 |
Malaysia | 2 |
Thailand | 2 |
India | 1 |
Others | 4 |
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 |
|---|---|---|---|---|---|
Jan 06, 2025 | Indonesia | Series A | 8543 | [+3] | |
Nov 11, 2024 | Malaysia | Seed | 3242 | ||
Oct 28, 2024 | Singapore | Series B | 9970 | [+2] | |
Oct 01, 2024 | Indonesia | Series A | 6739 | [+3] | |
Jul 30, 2024 | Indonesia | Series B | 9951 |
Unicorns in AC Ventures' Portfolio
AC Ventures has 2 unicorns in its portfolio - Xendit and CARSOME. The most recent unicorn in their portfolio is Xendit. It became a unicorn in 2021, 4 years before AC Ventures first invested in it.Here is a list of unicorns in AC Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
83 | Online payment and money transfer platform for businesses | 2015 | Jakarta | Series D | f{osg{r | ||
57 | App based marketplace for used cars | 2015 | Petaling Jaya | Series F | lmlywui |
IPOs and Publicly Listed companies in AC Ventures' Portfolio
2 of AC Ventures' portfolio companies have become public. Fore Coffee got listed on the Indonesia Stock Exchange (IDX), in Apr 2025 at marketcap of $103M and 17LIVE got listed on the Singapore stock exchange. ( SGX) at marketcap of undefined.Here are AC Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 14, 2025 | - | - | 5744 | |
Dec 08, 2023 | - | - | 5059 |
Acquired companies in AC Ventures' Portfolio
10 companies from AC Ventures' portfolio have been acquired. The most recent acquisition was NOBI in Jul 2026 by Bybit for $*****.Here are AC Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 15, 2026 | Feb 17, 2022 | Seed | 5947 | |
Dec 06, 2024 | Jul 27, 2022 | Seed | 4871 | |
May 10, 2023 | - | - | 2791 | |
Oct 11, 2022 | - | - | 2898 | |
Jul 26, 2022 | - | - | 8320 |
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Team profile of AC Ventures
AC Ventures has a team of 16 members including 3 Partners, 1 Venture Partner and 6 Principals located in Indonesia and Singapore. AC Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in AC Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Jakarta | |||
Partner | Jakarta | - | ||
Partner | Jakarta | - | ||
Venture Partner | Jakarta | - | ||
Principal | Singapore | - | ||
Principal | Indonesia | - | - | |
Principal | Jakarta | - | - | |
Principal | Indonesia | - | ||
Principal | - | - | - | |
Principal | Jakarta | - | - |
Co-investors of AC Ventures
Over the past 9 years, 360 investors have co-invested in AC Ventures's portfolio companies. This includes funds and angels.
- Invested before AC Ventures: Agaeti Venture Capital, Peak XV Partners and 108 others have invested in rounds before AC Ventures. There are 6 companies where Agaeti Venture Capital has invested before AC Ventures and 5 companies where Peak XV Partners has invested before AC Ventures.
- Top Co-investors of AC Ventures: 122 investors entered a company along with AC Ventures. These include investors like East Ventures (8 companies).
- Invested after AC Ventures: A total of 128 investors have invested in AC Ventures's portfolio after their investments. Top Investors include Prosus (4 companies), Tiger Global Management (3 companies) and SIG Venture Capital (3 companies).
Recent News related to AC Ventures
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Antler India leads $1 Mn pre-seed round in wealthtech platform RoviaEntrackr•Jun 01, 2026•Antler, Rovia, CDM Capital, AC Ventures and 2 others
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Blostem Secures Seed Funding from AC Ventures for Infrastructure ExpansionEnablers•Jun 30, 2025•Blostem, AC Ventures
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TechNode•Apr 24, 2025•AC Ventures, Accel, Jungle Ventures
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