Indonesia-based venture capital firm Alpha JWC Ventures announced Tuesday a strong first quarter showing as the company witnessed record portfolio growth with 30 new signed deals from its Fund III – with over $100 million deployed.
Alpha JWC said in a statement that firm is currently on track to achieve even greater opportunities in the year. Its portfolio of startups jointly recorded around higher revenue growth in the first quarter of 2022 as compared to the first quarter of 2021.
Alpha JWC has been an active investor for early stage startups for the past seven years, enabling highly-capable startups to grow and thrive in the complex tech landscape in Southeast Asia Region. From its Fund III, approximately 50 percent of its newly signed companies are seed/pre-seed investments with five more upcoming early stage fundings in the pipeline.
With its ticket size as low as $100,000, Alpha JWC aims above and beyond in providing startups with the resources, funds and guidance to accelerate further in the industry.
“There’s a lot of global investor interest in Indonesia’s digital economy across both Tier 1 and Tier 2 cities, however, Alpha JWC continues to be a trusted partner for more high-potential startups looking to make a legacy impact throughout the region. Reflecting the growing trust and confidence of founders in partnering with us, we have been actively deploying in the region,” said Jefrey Joe, Co-Founder and General Partner of Alpha JWC.
“The unwavering confidence Alpha JWC Ventures places in our partners has paid strong dividends in the past, and we continue to learn from this. Among our existing portfolio companies – Una Brands, Ajaib and most recently, Sayurbox, saw immense traction and received follow-on investments. This is a reflection of that continued commitment, and how we want to remain their trusted partners,” he added.
Alpha JWC continues to be a trusted partner for more high-potential startups looking to make a legacy impact throughout the region, particularly in Indonesia. The firm’s momentum is in tandem with an inflection point in Southeast Asia, as the region sees a surge in mergers and acquisitions (M&A), initial public offerings (IPOs) on global and local exchanges like NASDAQ and the Indonesia Exchange (IDX), and special purpose acquisition companies (SPACs) since 2022.
Having been established in 2015 however, Alpha JWC is among the first venture capital to capitalize on the growth potential of Indonesia and Southeast Asia.
“Although we planted our roots in Indonesia’s startup ecosystem, Alpha JWC is a regional venture capital firm. Our broader Southeast Asia portfolio experiences strong growth trajectories, thanks to the large multi-market potentials, coupled with a clear
playbook of Alpha JWC’s success and foundation in Indonesia. We provide full support when our partner companies want to enter Indonesia, SEA’s largest market – setting them up to be a regional champion,” said Eko Kurniadi, Partner – Investments, Alpha JWC.
An impressive fourth quarter performance in 2021 creating rolling momentum into 2022, followed by a successful first quarter showing, demonstrates how Alpha JWC has largely staved off the region-wide post-pandemic challenges.
“We have been with our portfolio companies in their journeys of ups and downs, and we are immensely proud of their achievements, including the newly-crowned unicorns, CARRO, Ajaib, Kopi Kenangan, and FinAccel whom we have worked closely together with since the beginning. We value their lasting trust and are mindful that we still have work to do, to empower many more founders and businesses alike,” added Chandra Tjan, Co-Founder and General Partner of Alpha JWC.
With the robust momentum of Fund III, Alpha JWC looks to continue its track record of success, its future deployments, and be the trusted partner for more high-potential startups looking to make legacy impact throughout the region.
Alpha JWC is an early to growth-stage Southeast Asian venture capital firm. Its debut fund was launched in 2016 as Indonesia’s first independent and institutional early-stage venture capital fund. The firm currently manages around $650 million asset under management (AUM) – the largest early-stage fund in Southeast Asia – and 60 active portfolio companies across Southeast Asia.