Indonesia’s AC Ventures names ex-Qiming exec as Venture Partner

AC Ventures, an early-stage VC firm focusing on Indonesian startups, has appointed Helen Wong as its new venture partner and senior advisor.

Wong has over two decades of experience in China and Southeast Asia and worked with GGV Capital and Qiming Venture Partners. She also served on the boards of high-profile Chinese internet companies, including Tudou/Youku and Mobike.

She has expertise in strategy/development, team training, investments, and portfolio support.

“The challenge for Southeast Asia has always been the fragmented nature of the market,” said Wong. “This means that focusing on Indonesia, the biggest market to test out your product-market-fit, and then expanding out to different countries later is often a good strategy.”

Last December, AC Venture raised US$205 million in committed capital for its oversubscribed Fund III, backing early-stage local technology startups, mainly in the pre-Series A stage.

With over 35 investments completed in Fund III thus far, AC Ventures will double down on deepening their investment team and value creation teams with a plan to expand total team size by over 50 per cent this year.

Also read: Finance your startup: 10 types of investors you should know

Susli Lie joins Monk’s Hill to support its Indonesia business and ESG programme

Monk’s Hill Ventures today announced the appointment of Susli Lie as Partner, who will be responsible for building the Indonesia business, spearheading its ESG (Environmental, Social, and Governance) programme, and supporting portfolio companies on the ground.

Lie first joined MHV as a Venture Partner. Prior to MHV, she co-founded ErudiFi, a tech-enabled education financing company in Southeast Asia (backed by MHV and Y Combinator in its early days).

In addition, MHV has also promoted Eunice Wong to Principal in Singapore and Natasha Gunawan to Senior Investment Analyst based in Indonesia.

Also read: Introducing the Individual Investor Profiles on e27

—

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: AC Ventures, Monk’s Hill Ventures

 

 

The post SEA Roundup: Helen Wong joins AC Ventures, Monk’s Hill names Susli Lie as Partner appeared first on e27.