Indonesia's Alpha JWC Ventures closes third early-stage fund at $433m

Co-founders of AlphaJWC Jefrey Joe and Chandra Tjan

Indonesia-focused Alpha JWC Ventures has raised $433 million from global and regional investors, including the International Finance Corporation, for its third fund as venture capitalists scale up investments in thriving tech start-ups.

“Alpha JWC’s main focus lies in the early stage, from Pre-Seed to Pre-Series A, whereby we also actively follow through the start-ups’ Series A, Series B and beyond,” Jefrey Joe, co-founder and general partner at the venture capital firm, said in a statement on Tuesday.

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