PROJECT

Projects

Summary of Investment Information

Project Number

45325

Company Name

ACV CAPITAL

Date SPI Disclosed

May 28, 2021

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Nov 30, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Nov 30, 2021
Signed : Nov 30, 2021
Invested : Mar 2, 2022

Sector

Venture Capital Fund

Project Description

The proposed investment is for up to US$16M in ACV Capital III L.P. (“ACV Fund III”, or “the Fund”). ACV Fund III is a US$120M (target) Indonesia focused venture capital (VC) fund. The Fund will be managed by ACV Capital III G.P. (“ACV” or “the Manager”). ACV Fund III targets to write initial check at seed and pre-Series A stage and follow on through Series B. The Fund will focus on the following verticals: eCommerce and Direct-to-Consumer (“D2C”), Logistics, Fintech, Edtech, Healthcare, and B2B SaaS.                                                   

Associated Advisory Engagement

There is no Advisory Engagement associated with the project at this stage.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation