https://techcrunch.com/2022/09/13/ac-ventures-announces-first-close-of-a-250m-fund-for-southeast-asian-startups/

AC Ventures (ACV), a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V). The fund is targeting $250 million and has raised 65% of that capital so far, mostly from limited partners who invested in ACV’s previous funds. Fund V has already made five investments, including SkorLife, IDEAL and Atma.

The last time TechCrunch covered ACV was in December 2021, when it closed its Fund III. (Its fourth fund is focused on Malaysia and run by a separate team).