Global investment firm Capria Ventures is partnering with Indonesian venture capital firm AC Ventures to invest in investing in the next generation of technology entrepreneurs.
AC Ventures manages a total AUM of USD300 million and plans to complete the final close of a USD120 million target fund by this year. The partnership is in line with Capria’s commitment to invest and impact the lives of millions across the Global South including Southeast Asia, India, Latin America and Africa.
Jakarta based AC Ventures is an early-stage venture capital firm that invests in technology enabled solutions addressing billion dollar market opportunities in Indonesia. Several of its Fund III portfolio companies such as Shipper, Stockbit, Aruna and Eden Farm have grown exponentially in the past 18 months, becoming category leaders in their respective markets.
“AC Ventures and Capria share a similar approach as hands-on, value adding investors bringing hi-octane capital that support founders with collective experience, network and resources. Capria’s global experience in startups from the 14 partnerships bring an edge to identifying and understanding emerging market ventures. AC Ventures’ proven leadership in sourcing local startups at an early stage along with their track record of supporting founders reinforced our investment decision,” says Dave Richards, Co-Founder & Managing Partner, Capria Ventures. “Capria will also look to co-invest directly in the portfolio companies, alongside AC Ventures, in breakthrough solutions with global potential.”
Adrian Li, Founding and Managing Partner, AC Ventures, says: “Capria brings together a trusted peer group of fund managers from the Global South where market dynamics are almost similar. We’ve seen that this exchange of knowledge, ideas and experiences can be leveraged to build a strong and globally competitive portfolio.”
