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