AC Ventures

Supermom Business has successfully secured S$18 million (US$14 million) in Series B funding to further its mission of connecting brands with families through AI-driven insights! AC Ventures is proud to support Supermom Business as a returning investor, alongside Granite Asia, Hearst Ventures, and Qualgro Partners. This funding will enable Supermom to enhance its AI capabilities, expand internationally, and continue building its ecosystem of over 10 million parents across Southeast Asia. As Adrian Li, Founder & Managing Partner at AC Ventures, highlighted, “We have seen the Supermom business in Indonesia grow significantly over the past year, and we’re excited to be part of their growth journey in SEA's largest and fastest-growing market.” Congratulations to the Supermom team for this impressive milestone! 🎉 📰 Read the full article via The Business Times Singapore: https://lnkd.in/gnxbVStC #investment #ai #startups #southeastasia #fundingannouncement

Since its launch in 2022, Supermom Business has become Southeast Asia’s leading parenting data platform, bridging the gap between brands and the crucial decision-makers in households: mothers. With 90% of household purchasing decisions made by women—most influenced by their peers—Supermom provides brands with valuable community-driven knowledge. With over 100 global brand partners and a 100% client retention rate, the platform is poised for 100% growth in 2024. As CEO Luke Lim highlights, “Where do these moms turn for advice? Other moms.” This community trust is essential in navigating the US$3.8 billion baby and maternity market in Indonesia. For more on their journey, check out the podcast and article below! 🎧 Listen to the podcast: https://lnkd.in/gyYjS-wv 📰 Read the full article: https://lnkd.in/gVecz-9b   #supermom #parenting #community #southeastasia #acventures

A recent report explores the adoption and impact of GenAI in Indonesia’s financial sector, offering strategic advice for public and private leaders on integrating GenAI into their products and operations. The report’s co-authors include Andy Lees, Managing Director and Partner of BCG X, the tech build arm of Boston Consulting Group (BCG), and Pandu Sjahrir, Founding Partner of AC Ventures and the current Department Head of Economic and Financial Technology at the Indonesian Chamber of Commerce and Industry (KADIN). Andy and Pandu recently joined Leighton Cosseboom on an episode of the Indonesia Digital Deconstructed podcast to discuss their views on where the new technology is headed in emerging Asia – not just in the financial sector – amid rapid adoption and Indnoesia’s government mulling the idea of building out sovereign AI for national economic interests.  🗞️ Check out the full story below! 📒 Download the full report: https://lnkd.in/g3CpNM_j 💡 Subscribe to AC Insights: https://lnkd.in/g8qbFykV #GenAI #Indonesia #outlook #podcasts

Reflecting on an impactful 2024 AC Ventures Annual General Meeting in Singapore! This year’s exclusive gathering, held in collaboration with SuperReturn Asia, brought together dynamic stakeholders and pioneering founders for a day of knowledge-sharing and networking. We were proud to showcase our standout portfolio companies—707 International Limited, Supermom Business, Legit Group, JULO, Koltiva, Xurya Daya Indonesia, Accacia, and CARSOME—as they highlighted their achievements and plans for the future. We look forward to building on these successes and partnering with more visionary founders and forward-thinking investors in the years ahead. #investmentopportunities #futuregrowth #superreturnasia #venturecapital #globalnetworking #founders #limitedpartners #portfolio #southeastasia #growthstories

Supermom is one of Southeast Asia’s leading parenting data platforms. It empowers parents to learn from a highly engaged community while offering “key opinion moms” extra income by promoting brands. Supermom also arms global brands with troves of consumer data that, until now, could not be found elsewhere. With early backing from AC Ventures, today Supermom Business shows impressive credentials with over 100 brand partners and a 100% retention rate of top clients. With more than 3 million profiled moms across over 6,000 private community groups, it is poised for a projected 100% growth in 2024. The company’s CEO Luke Lim joined an episode of the Indonesia Digital Deconstructed podcast to discuss the outlook on Southeast Asia’s parenting sector and how his company is retaining all of its large, multinational clients, including Unilever, Nestlé, Johnson & Johnson, Kimberly-Clark, and others. 🗞️ Check out the full story below! 💡 Subscribe to AC Insights: https://lnkd.in/g8qbFykV #parenting #southeastasia #venturecapital #podcasts

Adrian Li, Founder & Managing Partner of AC Ventures, will speak at this year’s Tech in Asia Conference in Jakarta. Join him for what is sure to be a scintillating session titled “Navigating Turbulence: What Investors Seek in Asia's Startups Amid Global Uncertainty,” where he will share invaluable insights alongside Ian Holtz from Amazon Web Services (AWS). 📆 Wednesday, 23 October 2024 (11:30 - 12:10 PM JKT Time) 📍 The Ritz-Carlton, Pacific Place, Jakarta 📃 Don’t miss out—reserve your seat now: https://lnkd.in/gswDHhyK #investinginstartups #jakartaconference #startupfunding #venturecapital #businessgrowth #innovation #investors #asia

broom.id, an Indonesian digital automotive startup, has just closed a Series A+ round, led by Openspace with support from AC Ventures, Quona Capital, MUFG Innovation Partners, and PKSHA Capital. This funding has empowered over 7,000 SME automotive dealers, and Broom’s new Leasing Channeling service has already recorded 2,300 transactions, bringing in more than US$17M in revenue. Looking ahead, Broom is set to expand its operations across Indonesia, working with 23 multi-finance companies to streamline transactions through API integration. 💡 Read the full article via Tech in Asia: https://lnkd.in/gwF2bRiY #indonesianstartup #automotiveindustry #seriesafunding #fintech #sme #apiintegration #startupnews

AC Ventures recently hosted its 2024 Annual General Meeting at Marina Bay Sands in Singapore, held in collaboration with SuperReturn Asia. The event brought together stakeholders, founders, and limited partners from across the globe, fostering insightful discussions and valuable networking opportunities. We were thrilled to showcase some of our standout portfolio companies—707, Supermom Business, Legit Group, JULO, and CARSOME—who shared their growth stories and new developments. We look forward to building on these successes and partnering with more visionary founders and forward-thinking investors in the years ahead! Pandu Sjahrir, Adrian Li, Michael S., Helen Pei-Hua Wong #venturecapital #growthstories #investmentopportunities #globalnetworking #founders #limitedpartners #southeastasia #futuregrowth

We are excited to share that AC Ventures has been highlighted by the Global Private Capital Association (GPCA) in its latest casebook for our investment in ASTRO, an Indonesia-based platform offering on-demand delivery services. This recognition is part of a joint initiative by GPCA and Investing in Women to promote gender lens dealmaking in Southeast Asia, shining a spotlight on women-led, category-defining businesses driving real impact across the region. The study, titled "When Women Lead: Entrepreneurial Case Studies from Vietnam, the Philippines, and Indonesia", explores the role of private capital in empowering women-led enterprises, showcasing their strengths, innovations, and successes. At AC Ventures, we are proud to be part of this movement toward greater gender equality and improved economic outcomes in emerging Asia. 💡 To learn more and access the casebook, visit: https://lnkd.in/gsBT2aRJ #genderlensinvesting #womenentrepreneurs #southeastasia #emergingmarkets #privatecapital #womenledbusiness #genderequality #impactinvesting #innovation #economicgrowth #indonesia #vc

Adrian Li of AC Ventures recently met with Ruth Porat, President and CIO of Alphabet Inc. and Google, for a roundtable discussion. Joining him were founders from our portfolio companies, Manfred Borer of Koltiva and Gusmantara Himawan of Xurya Daya Indonesia. The conversation focused on the transformative role of technology and AI in supporting Indonesia’s economy, particularly for MSMEs. At AC Ventures, we are committed to empowering startups that drive innovation and create lasting impact in Indonesia’s digital economy. We look forward to fostering these collaborations to further enhance growth and development! #technology #ai #msme #indonesiaeconomy #innovation #venturecapital #startups #digitaltransformation