Alpha JWC Ventures has announced a fund commitment from the Korea Venture Investment Corporation. Separately, Vietnam-based financial investment group EMIR has signed a strategic cooperation agreement with 24HMoney.
Alpha JWC bags fund commitment from KVIC
Jakarta-based Alpha JWC Ventures has announced a fund commitment from the Korea Venture Investment Corporation (KVIC), Korea’s exclusive government-backed fund-of-funds institution.
Over the past two decades, KVIC has played a pivotal role in driving Korea’s economic growth by supporting the formation of high-potential venture funds and improving capital access for small and medium-sized enterprises.
Its portfolio spans technology-oriented sectors such as ICT, display, and biotechnology and it has recently expanded into green energy and life sciences—key areas shaping the future of global innovation.
Since its inception 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 $645 million in AUM and a portfolio of 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.
In July, Alpha JWC Ventures launched SpeakUp, a whistleblower platform, designed to strengthen corporate governance practice across its portfolio companies in Southeast Asia
STI-backed 24HMoney partners with EMIR
Vietnam-based financial investment group EMIR has signed a strategic cooperation agreement with 24HMoney, marking the start of a five-year partnership spanning multiple areas including finance, corporate governance, technology, mergers and acquisitions (M&As), and initial public offerings (IPOs).
Under the agreement, 24HMoney will serve as EMIR’s advisor across these strategic domains to strengthen the group’s competitiveness and support its ambitions to build a transparent and sustainable investment ecosystem.
EMIR currently operates in asset management, strategic advisory, financial investments, and technology solutions for enterprise management.
The company said the tie-up will enable it to expand its business network, diversify and optimise its service offerings, enhance risk management capabilities, and accelerate digital transformation.
Founded by entrepreneur Phan Minh Tam, 24HMoney is part of STI (Simple Tech Investment Holding Group). It is active in financial advisory, technology solutions, and capital market communications, leveraging its strengths in market intelligence, capital raising, M&A, and IPO advisory.
STI and Phan are also well known in Vietnam’s startup ecosystem, having invested in or scaled ventures such as Ants, JupViec, 30Shine, Anycar, Ecomobi, M Village, and Kyna Kids, etc.
