Original disclosure @ IFC website
Updated in EWS Apr 25, 2021
Disclosed by Bank Apr 15, 2021
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According to IFC website, the proposed investment is for up to US$20M in Alpha JWC Ventures III, L.P., subject to IFC not exceeding 10% of the Fund. Alpha III is a US$250M (target) Indonesia focused venture capital (VC) fund. It will be managed by Alpha JWC Management Ltd. and plans to target investments across seed to Series B rounds in various sectors including new consumer-oriented models and fintech, with opportunistic positioning in other sectors.
The most significant expected project-level outcomes include i) providing early stage capital and value creation expertise to tech-entrepreneurs to enable businesses to scale up; and ii) increasing competitiveness of businesses through the support of market-disrupting digital business models.
Alpha JWC Management Ltd.
+ 62 812 9888 1888
Gama Tower, Level 33, Jl. H.R. Rasuna Said Kav. C.22Kuningan, Jakarta Selatan 12940
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