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The Venture Codex

Overview

Southeast Asian venture capital firm investing in early-stage startups.

Founded

2014

Deals ยท 12mo

2

Stage focus

Seed
Series A

Geographic focus

India
Indonesia
Singapore

Sector focus

Financial Services

Investment portfolio

61rounds
NAMEDATESIZE
Rovia
Jun 2026Participated
$1 MSeed
immunitoAI
Nov 2025Participated
$6 MSeries A
Welkinrim
Sep 2025Participated
$0.54 MOther Equity
Phot.AI
Mar 2025Participated
$3 MSeed
TakeMe2Space
Mar 2025Participated
$0.64 MSeed
Crackle Technologies
Sep 2024Led
$2 MSeed
Oatside
Sep 2024Participated
$60 MSeries B
Mynt
Aug 2024Led
$396 MOther Equity
Kargo Technologies
Jul 2024Led
$10 MSeries A
Xurya
Jul 2024Participated
$55 MOther Equity
Accacia
Apr 2024Participated
$7 MSeries A
Aeria
Mar 2024Participated
$2 MSeed
Rovia
Jun 2026Participated
$1 MSeed
immunitoAI
Nov 2025Participated
$6 MSeries A
Welkinrim
Sep 2025Participated
$0.54 MOther Equity
Phot.AI
Mar 2025Participated
$3 MSeed
TakeMe2Space
Mar 2025Participated
$0.64 MSeed
Crackle Technologies
Sep 2024Led
$2 MSeed
Oatside
Sep 2024Participated
$60 MSeries B
Mynt
Aug 2024Led
$396 MOther Equity
Kargo Technologies
Jul 2024Led
$10 MSeries A
Xurya
Jul 2024Participated
$55 MOther Equity
Accacia
Apr 2024Participated
$7 MSeries A
Aeria
Mar 2024Participated
$2 MSeed
61
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Insights

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Deal Distribution

AC Ventures: 61 funding rounds are recorded in the selected participation categories.All available history.
AC Ventures: 61 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed810
Series A818
Series B09
Other Equity17

Monthly Deal Activity

AC Ventures: 61 deals are recorded across 78 months.All available history.
AC Ventures: 61 deals are recorded across 78 months. All available history
MonthDeals
May '201
Jun '200
Jul '201
Aug '202
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '211
Mar '213
Apr '212
May '211
Jun '210
Jul '211
Aug '210
Sep '211
Oct '212
Nov '212
Dec '212
Jan '222
Feb '226
Mar '220
Apr '220
May '222
Jun '220
Jul '223
Aug '222
Sep '222
Oct '221
Nov '220
Dec '220
Jan '233
Feb '231
Mar '231
Apr '230
May '231
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '232
Jan '240
Feb '241
Mar '242
Apr '241
May '240
Jun '240
Jul '242
Aug '241
Sep '242
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '252
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

AC Ventures: Networks, Cloud & Communication is the largest displayed sector by deal count (20 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

AC Ventures: Networks, Cloud & Communication is the largest displayed sector by deal count (20 deals). All available history
SectorDeals
Networks, Cloud & Communication20
E-Commerce & Retail14
Transportation & Logistics14
Fintech13
Food & Agriculture13
Consumer & Lifestyle11
Professional Services11
Enterprise Software8
Social & Community Platforms6
Health & Life Sciences5
Travel & Hospitality4
Clean Energy & Sustainability4
Space & Frontier Tech3
Data, Analytics & IT2
Real Estate & Construction2
Crypto & Blockchain2
Media & Entertainment2
Education & Workforce1
Government & Defense1
Hardware & Robotics1
Marketing & Advertising1
Manufacturing1
AI & Machine Learning1
Developer Tools1

Deal Size Distribution

AC Ventures: 61 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

AC Ventures: 61 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M19
$5M-$10M13
$10M-$25M15
$25M-$50M7
$50M-$100M6
$100M-$250M0
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

AC Ventures: Indonesia has the largest recorded deal count among the displayed regions (36 deals).All available history.

Top 10 of 11 regions; European countries are grouped as Europe.

AC Ventures: Indonesia has the largest recorded deal count among the displayed regions (36 deals). All available history
RegionDeals
Indonesia36
India11
Singapore5
Europe2
333121
United States1
121901
Thailand1
Philippines1
Malaysia1
AC Ventures: 20 co-investors are shown, with Peak XV Partners sharing 10 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

AC Ventures: Led accounts for 28% and participating for 72% of round participation.All available history.
AC Ventures: Led accounts for 28% and participating for 72% of round participation. All available history
CategoryDeals (count)Share (%)
Led1728%
Participating4472%
AC Ventures: Single-lead accounts for 59% and co-led for 41% of lead dynamics.All available history.
AC Ventures: Single-lead accounts for 59% and co-led for 41% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1059%
Co-led741%

Team

Alvin Cahyadi

Senior Investment Associate

Arya Sena

Investment Analyst

Maliekah Harjani

Investment Associate

Michael Soerijadji

Co-Founder, Managing Partner

Pandu Sjahrir

Founding Partner

Selvana Stella

Sr. Legal Counsel

Wiryo Triyono

VP of Operations