Alpha JWC Ventures
Indonesia VC: Institutional upgrade?
Having won early support from as assortment of local conglomerates, Indonesian venture capital firms must now demonstrate their independence when pitching international LPs
LG backs US, China autonomous logistics start-up
LG Technology Ventures, the Silicon Valley-based VC arm of Korea’s LG Group, has led a USD 28.8m Series A round for US and China-based logistics automation player Venti Technologies.
Singapore's Una Brands raises $30m Series B
Una Brands, a Singapore-based brand agglomeration platform that operates across Asia, has secured USD 30m in Series B funding led by Alpha JWC Ventures and White Star Capital.
Indonesia B2B agriculture marketplace gets $35m Series A
AgriAku, an Indonesia-based B2B marketplace that looks to improve agriculture supply chain efficiency for retailers of agricultural inputs, has raised USD 35m in Series A funding led by Alpha JWC Ventures.
Deal focus: Faux fowl fast-forwards
Next Gen Foods is pushing hard to popularise its meatless chicken brand Tindle in the name of climate action. The largest-ever Series A round in alternative protein is jumpstarting the campaign
Singapore's Next Gen Foods raises $100m Series A
Singapore-based Next Gen Foods, maker of vegetarian chicken brand Tindle, has raised a USD 100m Series A round featuring GGV Capital and Temasek Holdings’ Asia Sustainable Foods Platform.
AVCJ Awards 2021: Deal of the Year – Small Cap: Ajaib
Having spent more than a year perfecting its product, Ajaib turned Indonesia’s brokerage industry on its head in six months. Emphasis on product and customer engagement have paid dividends
Philippines digital bank Tonik raises $131m
Mizuho Bank has led a USD 131m Series B round for Philippines digital bank Tonik with support from Sequoia Capital India and Prosus Ventures.
Singapore BNPL player Pace gets $40m Series A
Singapore’s Pace Enterprise, a one-year-old start-up in the fast-growing buy-now-pay-later (BNPL) financial services niche, has raised a $40 million Series A round from a pan-Asian mix of VC firms.
Indonesia’s Alpha JWC closes Fund III at $433m
Indonesia’s Alpha JWC Ventures has closed its third fund at $433 million, beating a target of $250 million. It is said to be the largest early-stage VC fund targeting Southeast Asia.
Indonesia fintech start-up Ajaib achieves unicorn status
Ajaib, an online stock-trading platform in Indonesia, has raised $153 million in a Series B funding round led by DST Global at a valuation of $1 billion.
Southeast Asia's FinAccel agrees $2b SPAC merger
FinAccel, operator of Indonesia-focused consumer credit platform Kredivo, has agreed to merge with a US-listed special purpose acquisition company (SPAC) at an enterprise valuation of $2 billion.
Alpha JWC seeks $250m for third Indonesia VC fund
Alpha JWC Ventures is targeting $250 million for its third Indonesia-focused venture capital fund, with the International Finance Corporation (IFC) proposing a commitment of up to $20 million.
AVCJ Awards 2020: Deal of the Year - Small Cap: TaniGroup
Openspace Ventures played a key role in helping Indonesian agriculture technology start-up TaniGroup achieve critical mass as COVID-19 weeded out much of the competition
Indonesian stockbroker Ajaib raises $25m Series A
Horizons Ventures, which is controlled by Hong Kong billionaire Li Ka-shing, and Indonesia’s Alpha JWC Ventures have led a $25 million Series A round for Indonesian investment platform Ajaib.
Xiaomi joins $54m Series B for Indonesia's PasarPolis
Chinese electronics maker Xiaomi has joined a $54 million Series B round for Indonesian financial technology provider PasarPolis.
Deal focus: Bobobox rethinks budget hotels
Bobobox's flexible solution to accommodation for frontline healthcare workers in Indonesia led to support from the Li Ka Shing Foundation and helped secure a Series A from Li's Horizons Ventures
Indonesia capsule hotel Bobobox raises $11.5m
Bobobox, an Indonesian start-up that operates capsule hotels, has raised an $11.5 million Series A round led by Horizons Ventures and Alpha JWC Ventures.
Deal focus: GudangAda fills FMCG distribution void
Keeping every small store in Indonesia well-stocked is a monumentally complex challenge that GudangAda tackles by bringing buyers and sellers together online.
Sequoia leads $109m round for Indonesia coffee chain
Sequoia Capital India has led a $109 million Series B round for Kopi Kenangan, an app-driven grab-and-go coffee chain based in Indonesia.
Indonesia's GudangAda gets $25m Series A
Indonesian B2B e-commerce platform GudangAda has raised $25.4 million in a Series A round led by Sequoia Capital India and Alpha JWC Ventures.
Indonesia’s Alpha JWC Ventures closes second fund at $123m
Indonesia-based early-stage investor Alpha JWC Ventures has closed its second fund oversubscribed at $123 million.