The year 2017 has just ended and we are proud to announce that Alpha JWC Ventures closed the year with stellar performance. It’s been a great year for the Firm and our portfolio companies.
In total, the Firm welcomed six new start-ups to the Alpha JWC family last year and our fifteen current portfolio companies are doing well. In addition, ten of our portfolio companies have raised follow-on funding rounds — proving their product market fit and good execution.
With 2017 ending and 2018 commencing, the Firm has big plans to kick off the new year right. As Alpha JWC continue to invest in regional tech companies, we also want to tap new countries and new markets. The Firm will continue to focus on Fintech sector and be opportunistic on other sectors.
We have just welcomed RateX to our long list of innovative Fintech players. We also tap into Big Data, Hospitality, and Media sectors. In terms of regional expansion, our portfolio companies are spreading their wings to outside Southeast Asia, starting with Zuzu’s reach in Taiwan.
The Firm also continues to strengthen its 10-person team by welcoming new members on board, including Terry Tse, a seasoned Fintech guru with deep Fintech experience in China and the US, including as Senior Vice President of LianLian Group, China’s leading Fintech payment and money transfer services for merchants and consumers, and Chief Risk Officer of Dianrong, China’s leading P2P lending platform, as our Venture Partner; Adelia Anjani Putri, a former journalist at Jakarta Globe, Forbes Magazine, and Rappler as Strategic Communications Executive; and Pintaro Mulia, CFA, a senior finance professional with 20 years of experience including in audit at KPMG, corporate finance at Ernst & Young Transaction Advisory Services, and private equity, as our VP of Finance.
Alpha JWC is eyeing for the next fund targeting US$ 100 million to continue our vision to support scalable, sustainable, and successful tech pioneers in Indonesia, Southeast Asia, and beyond.
The year of 2017 has been great, but with these latest moves and our big plans we believe 2018 shall be better – and for you too!
A happy new year and best wishes to you from all of us at Alpha JWC Ventures!