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Empowering changemakers in Indonesia & Southeast Asia

AC Ventures is an early-stage technology venture fund that focuses on investing in Indonesia’s digital disruptors.

About Us We’re Indonesia based, early stage, long-term investors

AC Ventures was formed through the merger of two leading venture capital funds in Indonesia – Agaeti Venture Capital and Convergence Ventures. We are a tech-focused venture capital firm investing in early stage high-growth businesses. 

As veteran entrepreneurs, operators, and investors, we are a founders-first Indonesia venture capital fund. We leverage our industry insights, support services and global network to empower our founders to build impactful, significant and scalable businesses for Indonesia and Southeast Asia. 

Portfolio showcase Exceptional people driving change


Founded by Budi Handoko, and Phil Opamuratawongse.

Shipper is a logistics and warehouse aggregator that offers practical, safe, and convenient service solutions for customers’ business needs with a reach within the country and abroad.


Founded by Farid Naufal AslamIndraka Fadhlillah and Utari Octavianty.

Aruna’s vision is to transform Indonesia’s fisheries and marine supply chain and cater to the growing global demand for fishery products through technology innovation.
Aruna Founders (left to right) Indraka, Utari, Farid (3)


Founded by  Abhinay Peddisetty
and Chinmay Chauhan.

Buku Warung is a digital transaction ledger mobile app for MSMEs. Buku Warung enables MSMEs to gain visibility over their financial condition and to collect credit transactions.


Founded by  Alan Wong, Derry Sakti, Nipun Mehra and Ricky Tenggara.

Ula is a wholesale e-commerce marketplace that provides working capital and inventory sourcing for small business owners in Indonesia.


Founded by Sigit Kouwagam, Wellson Lo, and Johny Susanto

Stockbit is Indonesia’s stock investing app for millenials which also acts as a public info aggregator and discussion forum. Bibit makes investing easy for millennial investors with no experience.

Our approach We’re founders investing in founders.

Built by founders, we’re laser-focused on helping extraordinary founders succeed. Because when it comes to supporting your venture, it’s not just about investing capital – it’s about having the experience and insight to help you move from idea to implementation.

We know what it takes to bring a startup from vision to reality and will use everything at our disposal to maximize your potential in this ever-evolving entrepreneurial ecosystem. Trust that we focus on you rather than simply capital or resources.

Our Areas of Interest

We believe that technology will transform all sectors of our world and the changes are still coming. Every few years, there are new frontiers opening up for innovation where there are opportunities to disrupt current markets conventions.

As an investor, these are the thematic areas that we are bullish on.

Digital Enablers

Digital Enablers

Startups innovating with technology to enable creators maximise their value.



Startups opening financial access to Indonesia underbanked and unbanked populations.

SME Tech

SME Tech

Startups empowering MSMEs to embrace digital economy.



Startups democratising economy through digital ecosystem.



Startups optimising the movement of goods and people across the country.