Alpha JWC Ventures Enters 2019 with New fund and Bigger Expansion Plans

Jan 31, 2019

The year 2018 has been great for Alpha JWC Family, both the firm and the portfolio companies. In the past twelve months, we have invested in 11 new companies: six from our Fund 1 (TaniGroup, DealStreetAsia, Bobobox, Lemonilo, Nusantara Technology, and Neurosensum) and five from our newly-launched Fund 2 (including Ajaib, Target Media Nusantara, Kopi Kenangan, and also invested in 8 follow-on rounds, with the largest amount going to OnlinePajak and Funding Societies/Modalku’s Series B.

Our portfolio companies also succeeded in banking numerous follow on rounds, from Series A (Zuzu, STOQO), Series A+ (StyleTheory, UangTeman), and multiple Series B (Funding Societies, OnlinePajak, Kredivo, Sepulsa, and Carro).

Alpha JWC Team by November 2018. Proud to say that by now, the number has gone up again!

Beyond funding, we are proud to share that Alpha JWC’s reach was bigger than before in 2018, from our PayPal x Alpha JWC Incubator, becoming a regular in Channel NewsAsia’s Start-Up! Season 6, many prominent speaking engagements in the regions, to fun activities with the whole Alpha JWC Family like our Futsal Cup and Alpha Leader Series.

Moreover, we welcomed ten new team members, doubling the firm’s size last year alone. We also welcomed 27 new co-founders and more than 600 new Alpha JWC Family members!

Last year was indeed an exciting time for us, and this year, we plan to have an even better year by starting it with some good news and solid plans.

Our Fund 2 of US$ 100 million, which was launched last year, already had its first close in July with significant amount of commitments from quality investors. The final close is set to happen later this year.

“As our fund gets bigger, so does our vision. Our second fund has kicked off into a different level of ventures signified by our latest investments’ new sectors, like New Retail (Kopi Kenangan), and new market (Vietnam), and for 2019, we have a lot of plans ready to launch,” says Co-Founder and Managing Partner Chandra Tjan.

“As one of Indonesia’s most active investors, this year we’re targeting at least eight new investments and even more follow-on rounds. However, it’s not only about how many new investments we make but also about how much we can support our existing portfolio companies with our value-add and further funding,” says Co-Founder and Managing Partner Jefrey Joe.

The firm will remain opportunistic for opportunities in all technology sectors with special eyes towards fintech, enterprise tech, property, and consumer sectors. In terms of reach, we aim to expand more outside Southeast Asia while becoming the leader in the region. Through our business and outreach we would also deepen our impact in the tech ecosystem as a thought leader.

We believe this new year will be an even more exciting and promising for the firm and big family, and from our Alpha JWC Family to yours, we wish you too a happy and prosperous year ahead!

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