Indonesia-based Alpha JWC looks to raise $100m

Indonesia and Southeast Asia-focused venture capital firm Alpha JWC Ventures is looking to raise up to $100m for its second fund.

Alpha JWC Ventures II is yet to register any capital and it is unclear whether the $100m figure is a target or hardcap, according to the latest US Securities and Exchange Commission filing.

The vehicle comes hot off the heels of its predecessor, which held a final close in 2017. While the exact size of the fund was not disclosed, reports state it pulled in $50m.

Alpha JWC is a Southeast Asia and Indonesia-focused investor which looks to back FinTech solutions in the region. Some of the areas the firm has a keen interest are consumer, SaaS, big data, and platform innovation technology.

The firm looks to invest in early-stage companies, typically during seed or Series A rounds. Alpha JWC also operates an incubator program to help founders develop their ideas an businesses through a collaborative and productive environment.

Earlier in the year, the firm took part in the $25m Series B of P2P lending platform Funding Societies. The company is an online lending platform that connects SMEs in Singapore, Indonesia, and Malaysia with retail and institutional investors.

Another recent FinTech investment made by the firm was a lead contribution to the undisclosed Series A of OnlinePajak. The Indonesian company provides a digital tax reporting software that streamlines the entire process from calculating through to reporting.

Copyright © 2018 RegTech Analyst

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst


The following investor(s) were tagged in this article.