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AC Ventures announces the first close of its $80 million fund for Indonesian startups


AC Ventures
ACV Capital III L.P.
Indies Capital
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Adrian Li
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Indonesian
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Indonesia
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The New York Times
SOURCE: https://techcrunch.com/2020/10/11/ac-ventures-announces-the-first-close-of-its-80-million-fund-for-indonesian-startups/
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Summary

The firm announced the first close of the fund today, with $56 million already committed.The capital will be invested into 30 Indonesian startups over the next three years, with first checks of up to $3 million going to seed to Series A-stage companies.Based in Jakarta with a team of twelve people, ACV is a strategic alliance between AC Ventures and Indies Capital.

As said here by Catherine Shu