Indonesia’s Alpha JWC seeks $100m for latest fund

The Alpha JWC team

Indonesian venture capital firm Alpha JWC Ventures has submitted an SEC filing which confirms that it is raising a new fund of $100 million.

According to the filing, the firm is yet to receive investor commitments for the fund.

This portal had first reported last year that Alpha JWC was planning to start raising a nearly $100-million fund, following the final close of its first $50-million fund.

Alpha JWC co-founder Jefrey Joe had said at the time that the new fund will “bring more Indonesian companies to the global stage and capture compelling opportunities in backing visionary founders in Indonesia and Southeast Asia”.

The firm’s previous $50-million fund, which the firm started raising in January 2016, was backed by high-quality institutional investors in Asia, US and Europe and has invested in startups in fintech, SaaS, big data analytics, marketplace and e-commerce.

Alpha’s SEC filing follows that of fellow Southeast Asian VC, Golden Gate Ventures, who is also raising $100 million for its third fund.

The Southeast Asian market is increasingly becoming a noteworthy target for the region’s venture capital firms. In October of last year, Singapore’s Vertex Ventures set a record in the region by raising as much as $210 million for its dedicated Southeast Asian fund

Other notable funds include Openspace Ventures’ $125-million second fund, a final close for which is expected this year. Meanwhile, another Singapore-based VC Vickers Venture Partners has said it is looking to raise its largest fund yet of up to $500 million later this year, which will be one of the largest venture capital funds to be raised in Southeast Asia.

Also Read:

PayPal partners with Indonesia’s Alpha JWC to back fintech startups

Alpha JWC, Insignia lead $2.3m funding in payments startup RateX

Golden Gate Ventures to raise $100m third fund, confirms SEC filing

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.