Agaeti Venture Capital

Agaeti Venture Capital was a Jakarta-based early-stage venture capital firm founded in 2018 by seasoned entrepreneurs and investors with deep Southeast Asia experience. In April 2020, Agaeti merged with Convergence Ventures to form AC Ventures (ACV), now one of Indonesia's leading venture platforms with $550 million or more in assets under management across five funds. The combined entity closed Fund V at $210 million in January 2024. Partners Adrian Li, Michael Soerijadji, Pandu Sjahrir (also a board member at Gojek and Indonesia chairman of Sea), and Helen Wong lead the firm from offices in Jakarta, Malaysia, and Singapore. Agaeti's original portfolio of 24 companies spanned Pre-Series A and Series A technology-enabled startups across Indonesia and Southeast Asia, with the firm leading rounds and deploying $500,000 to $10 million per investment. Focus sectors included fintech, e-commerce, health tech, MSME enablement, climate and sustainability, and consumer technology. Notable portfolio companies include PayFazz, Fore Coffee (which IPO'd on Indonesia's IDX in April 2025 at a $103 million market cap), Kargo Technologies, Waste4Change, Alami, MAKA Motors, and Koltiva. The firm has always positioned strategic value alongside capital — combining operating experience, industry knowledge, and deep local networks to help founders navigate Southeast Asia's complex, multi-market landscape. In 2025, AC Ventures expanded into growth equity while continuing its early-stage focus on emerging consumer brands, SaaS, AI, and climate technology.