Indonesia's AC Ventures seals first close of new fund at $56m

Indonesia's AC Ventures seals first close of new fund at $56m

From left to right : AC Ventures' founding partners Michael Soerijadji, Pandu Sjahrir, and Adrian Li. Photo by : AC Ventures

Indonesian venture firm AC Ventures (ACV) announced on Monday that it has raised $56 million for the first close of its ACV III Capital LP Fund, which is targeting a total of $80 million.