AC Ventures (ACV Capital) is a Southeast Asian venture capital firm focused on investing in early-stage and growth-stage tech-enabled businesses, primarily in Indonesia. Formed through the 2019 merger of Agaeti Venture Capital and Convergence Ventures, the firm has over US$500 million in assets under management and a portfolio of more than 100 companies across fintech, e-commerce, healthcare, climate, and consumer sectors.
Deal activity increased 33% year-over-year (4 deals in the last 12 months). Average disclosed round size is $18.3M (across 52 rounds with reported amounts).
Portfolio
48
Fund Size
$210M
Top Stage
Series A
Last 12 Mo
4
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
62 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| SScholé AI | Seed | $3M | Jan 2026 |
 Sensetics | Pre-Seed | $1.8M | Nov 2025 |
| OOWM | Seed | $1M | Sep 2025 |
| VVeezoo | Series A | — | Sep 2025 |
 Nsave | Series A | $18M | Jan 2025 |
 Supermom | Series B | — | Oct 2024 |
 Neustark | Growth | $69M | Jun 2024 |
| Nsave | Seed | $4M | Mar 2024 |
 Aeria | Pre-Seed | $1.8M | Jan 2024 |
 Rosé All Day Cosmetics | Seed | — | Dec 2023 |
| Rosé All Day Cosmetics | Series A | $5.4M | Dec 2023 |
 Maka Motors | Seed | $37.6M | Jul 2023 |
 Skorlife | Seed | $4M | May 2023 |
| Rosé All Day Cosmetics | Series A | $5.4M | Jan 2023 |
 Legit Group | Series A | $13.7M | Jan 2023 |
 Reku | Series A | $11M | Sep 2022 |
| Skorlife | Pre-Seed | $2.2M | Sep 2022 |
| KKitabeli | Series B | $20M | Jul 2022 |
 Pina | Seed | $3M | Jul 2022 |
 Astro | Series B | $60M | May 2022 |
 ASTRO | Series B | $60M | May 2022 |
 Atma | Pre-Seed | $5M | May 2022 |
 Umba | Series A | $15M | Apr 2022 |
 Beam Therapeutics | Series B | $93M | Feb 2022 |
 Grow Commerce | Seed | $7M | Feb 2022 |
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Top Co-Investors
Y Combinator8 shared
Hearst Ventures7 shared
Sequoia Capital6 shared
Peak XV Partners5 shared
Alpha JWC Ventures4 shared
SMDV4 shared
BEENEXT3 shared
Accel3 shared
Global Founders Capital3 shared
Lightspeed Venture Partners3 shared
Goodwater Capital3 shared
Quona Capital3 shared
Intudo Ventures3 shared
SWC Global3 shared
TQ Ventures2 shared
SV Angel2 shared
Prosus Ventures2 shared
500 Global2 shared
Mosaic Ventures2 shared
Alpha Wave Global2 shared
Last updated: 7 September 2026