Jakarta, 4 February 2025 — As Alpha JWC Ventures marks its 10th anniversary, the firm reflects on a decade of impact while setting the stage for an even bigger future. Since its founding in 2015, Alpha JWC has played a key role in shaping Indonesia’s startup ecosystem, supporting visionary founders and helping build some of the region’s most successful companies. With USD$645m AUM and having invested close to 100 startups, the firm enters its next phase and remains focused on scaling investments and expanding across Indonesia and the broader Asia-Pacific region.
From the beginning, Alpha JWC set out to be more than just a VC—it became a true partner for founders, bridging the gap in early-stage funding and mentorship with deep local market expertise. This hands-on approach has helped homegrown startups scale into industry leaders, further strengthening Indonesia’s position as a thriving innovation hub. Beyond funding, Alpha JWC provides hands-on value creation services, including network building, marketing, talent acquisition, government relations, and strategic partnerships.
Scaling for the Future
To fuel this next decade of growth, Alpha JWC is preparing to raise its fourth vintage fund this year, reinforcing its commitment to backing visionary founders and scaling high-impact businesses. While market conditions have presented challenges in recent years, signs of stabilization are emerging, and Alpha JWC remains confident in the resilience and long-term potential of the region. The firm continues to see significant opportunities in few sectors such as consumer and healthcare, while maintaining a sector-agnostic approach.
“Each fundraising cycle allows us to refine our strategy and adapt to the evolving market landscape. This next fund builds on our strong fundamentals while integrating new insights. Indonesia remains a key priority for us, but as we move forward, APAC is also our region to grow,” said Jefrey Joe, Co-Founder & General Partner of Alpha JWC Ventures.
More than just delivering strong returns, this fund represents Alpha JWC’s continued commitment to rewarding the trust of its investors and building enduring legacies with the incredible founders it partners with across the region. This next phase is about strengthening its role as a long-term partner to founders, ensuring they have the resources and expertise to navigate challenges and unlock new opportunities.
As part of its growth strategy, Alpha JWC has expanded its leadership team to deepen expertise, welcoming:
- Ray Frederick Djajadinata, former CTO of Traveloka, who joined as a Technology Partner, reinforcing Alpha JWC’s focus on high-growth tech investments, particularly in Artificial Intelligence (AI) and deep-tech.
- Satria Situmorang, former management consultant & SVP of Foods Business at GoTo, joined as Principal, Value Creation, bringing strategic and operational expertise to help portfolio companies build scalable systems, optimize operations, and unlock new growth opportunities.
- Wenyou Tan, based in Singapore, joins the Investment team, driving Alpha JWC’s focus across the APAC region and strengthening the firm’s presence beyond Indonesia.
“We have always believed in the potential of the region to build world-class companies, and we are proud to have been a part of that journey for the past decade. As we look ahead, our focus remains on backing ambitious founders who are driving innovation in Indonesia and across the region,” added Chandra Tjan, Co-Founder & General Partner of Alpha JWC Ventures.
With a decade of success behind it and a bold vision for the future, Alpha JWC is doubling down on its commitment to Indonesia while expanding across Southeast Asia and beyond. The firm remains dedicated to backing the next generation of founders who will shape the future of the region’s economy.
