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AC Ventures, founded in 2012, is a venture capital firm based in India that has evolved into a significant player in the Southeast Asian startup ecosystem. The firm operates as an operator-led syndicate, focusing on backing founders who are building scalable businesses. Over the years, AC Ventures has cultivated a community of more than 250 founders, emphasizing early-stage investments from Pre-Seed to Series A. The firm has grown its assets under management to over $550 million, reflecting its commitment to supporting innovative startups.
Initially formed from the merger of Agaeti Venture Capital and Convergence Ventures, AC Ventures has transitioned from early-stage investments to a broader focus on growth equity. The firm primarily targets second-time founders or CXOs from successful companies who are launching their own ventures. Its geographical focus includes Indian founders building for both the Indian market and global opportunities, particularly in Southeast Asia.
AC Ventures has established a reputation for providing not only capital but also strategic guidance, operational expertise, and deep regional insights to its portfolio companies. The firm operates from multiple office locations, including New Delhi, Mumbai, and Jaipur, and continues to expand its influence in the venture capital landscape.
AC Ventures employs a sector-agnostic investment strategy, targeting a diverse range of industries including AI, fintech, healthcare, climate, logistics, and commerce. The firm invests primarily in early-stage companies, specifically from Pre-Seed to Series A, with check sizes ranging from $2 million to $5 million. This flexibility allows AC Ventures to support startups at various stages of their growth journey.
The firm emphasizes backing second-time founders or CXOs from successful companies, which aligns with its goal of investing in scalable, tech-enabled businesses that address critical needs across Southeast Asia’s digital economy. AC Ventures is particularly interested in companies that are not only focused on the Indian market but also have the potential to expand globally.
AC Ventures seeks to partner with founders who demonstrate strong fundamentals and measurable commercial potential. The firm’s investment thesis highlights a commitment to sectors such as consumer, retail, healthcare, education, climate/sustainability, logistics, enterprise solutions, commerce infrastructure, and fintech. This broad focus allows AC Ventures to adapt to emerging trends and opportunities in the rapidly evolving startup landscape.
AC Ventures boasts a diverse portfolio of over 120 companies across various sectors, showcasing its commitment to supporting innovative startups. Notable portfolio companies include:
This extensive portfolio reflects AC Ventures' strategic focus on technology-driven startups that are poised for growth and impact in their respective markets.
Michael Soerijadji: Founder & Managing Partner. Michael has extensive experience in venture capital and has been instrumental in shaping AC Ventures' investment strategy. He has a strong background in technology and entrepreneurship.
Adrian Li: Founder & Managing Partner. Adrian is known for his insights into the Southeast Asian market and has played a key role in fundraising efforts for AC Ventures. His expertise lies in identifying high-growth opportunities.
Helen Wong: Managing Partner. Helen brings a wealth of experience in operational management and strategic planning, contributing to the firm's focus on supporting portfolio companies.
Melina Anlin: Principal of Investment. Melina focuses on sourcing and evaluating investment opportunities, leveraging her background in finance and technology.
Ariel Indra: Vice President of Investment. Ariel is involved in deal sourcing and portfolio management, with a keen interest in fintech and consumer technology.
Larry Susanto: Associate VP of Investment. Larry supports the investment team in due diligence and market analysis, contributing to the firm's decision-making process.
Adiandri Adyafitri: Head of ESG. Adiandri leads the firm's efforts in environmental, social, and governance (ESG) reporting, emphasizing AC Ventures' commitment to impact investing.
To pitch AC Ventures, founders should utilize the online application form available at this link. The pitch deck should include essential elements such as the business model, market opportunity, competitive landscape, and traction metrics. AC Ventures appreciates clear and concise presentations that effectively communicate the startup's vision and growth potential.
Founders are encouraged to provide a warm introduction if possible, as this can enhance the likelihood of a timely response. While response times may vary, founders should expect to hear back within a few weeks after submission. It is crucial to ensure that the pitch aligns with AC Ventures' investment focus on scalable, tech-enabled businesses.
AC Ventures runs an accelerator program called ACLR8, which is a 100-day initiative designed to fast-track early-stage startups. This program provides access to mentorship from industry leaders, a comprehensive curriculum covering go-to-market strategies, and culminates in a demo day featuring over 45 leading VCs. Applications for the Winter 2025 batch are currently open, offering a unique opportunity for startups to gain valuable insights and connections.
In January 2024, AC Ventures announced the final close of its Fund V, which raised $210 million to support high-growth startups in Southeast Asia. This fund marks a significant milestone for the firm as it continues to expand its investment capabilities.
Throughout 2023, AC Ventures has been actively investing in technology-driven startups, with a focus on sectors such as fintech, healthcare, and sustainability. The firm has highlighted its commitment to fostering innovation in the region through ongoing investments and strategic partnerships.
What are AC Ventures' investment criteria?
AC Ventures primarily targets early-stage companies from Pre-Seed to Series A, focusing on scalable, tech-enabled businesses across various sectors such as AI, fintech, healthcare, and climate. The firm prefers to invest in second-time founders or CXOs from successful companies.
How can I pitch to AC Ventures?
Founders can pitch their startups through the online application form available at this link. It is recommended to include a clear business model, market analysis, and traction metrics in the pitch deck.
What makes AC Ventures different from other VCs?
AC Ventures distinguishes itself by providing not only capital but also strategic guidance and operational expertise. The firm has a strong focus on supporting second-time founders and offers deep regional insights that can help startups scale effectively.
What is the geographic scope of AC Ventures?
AC Ventures primarily focuses on Southeast Asia, with a strong emphasis on Indian founders and startups that have the potential to expand globally.
What is the typical check size for investments?
AC Ventures typically invests between $2 million and $5 million in early-stage companies, with the potential for larger checks for high-growth startups aligned with their impact goals.
What kind of post-investment support does AC Ventures provide?
AC Ventures offers strategic guidance, operational expertise, and long-term scaling support to its portfolio companies, helping them navigate challenges and capitalize on growth opportunities.
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