Alphajwc

Alpha JWC Ventures is one of Indonesia's most prominent venture capital firms, based in Jakarta, Indonesia. The firm invests in early- to later-stage start-ups across Southeast Asia with an explicit ''Indonesia+'' focus aEUR" meaning the firm primarily invests in Indonesian-headquartered companies and their regional-expansion plays. The firm was founded in 2015 by Co-Founders Chandra Tjan (previously at East Ventures, covered earlier), Will Ongkowidjaja (Harvard MBA; prior Goldman Sachs), and Jefrey Joe (prior Goldman Sachs; prominent Indonesian fintech angel investor). Alpha JWC has raised multiple institutional funds (Alpha JWC Fund I in 2016 at USD 50 million, Alpha JWC Fund II in 2019 at USD 150 million, Alpha JWC Fund III in 2022 at approximately USD 433 million aEUR" exceeding the original USD 350 million target and making it one of Southeast Asia's largest early-stage VC funds at the time) with aggregate AUM exceeding USD 650 million+ across vintages. Notable portfolio companies include Kopi Kenangan (Indonesian coffee unicorn, at one point valued over USD 1 billion), Ajaib (Indonesian retail-brokerage unicorn), Ruangguru (Indonesian edtech), Kredivo (fintech), Lummo, Funding Societies, Carsome (Malaysian automotive marketplace unicorn), GoPlay, Blibli, and many other leading Southeast Asian technology companies.