News Briefs

AC Ventures rakes in $56m for new $80m-targeted tech fund: Bloomberg

AC Ventures, an Indonesia-focused venture firm, has raised $56 million in the first close of its tech investment fund, reported Bloomberg.

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AC Ventures, an Indonesia-focused venture firm, has raised $56 million in the first close of its tech investment fund, reported Bloomberg. The target is $80 million. The news outlet noted that the fund will invest in about 30 early-stage startups in areas including ecommerce and financial technology in the next three years.

Source: Bloomberg