AC Ventures has set up an expert advisor community to help its portfolio startups. Meanwhile, data centre provider Princeton Digital Group has announced an expansion into Batam, Indonesia, and Johor, Malaysia.
AC Ventures sets up expert advisor community
Indonesia-based early-stage venture capital firm AC Ventures announced on Tuesday that it has set up an expert advisor community, an initiative to help startups with strategic advice and consultations.
AC Ventures has pledged to prepare a pool of experts as advisors who can offer guidance in areas such as business strategy, marketing, finance, and technology development for startups.
“Our growing, curated group of expert advisors is tasked with helping ACV’s portfolio companies grow via valuable guidance across various disciplines. Our startups are able to interface with these advisors on an ongoing basis,” AC Ventures head of value creation Samira Shihab said in the statement.
Advisors in the team include prominent names in the industry, such as managing director at Google Paula Wang who has over 24 years of experience in tech; founder partner at NABS & Partners Natasha Nababan who has over 20 years of experience in law; former head of corporate communications at OVO Harumi Supit who honed her skills in strategic communication during her tenure with Cambridge Associates and World Bank, among others.
AC Ventures also roped in Samadhi Ventures’s Deeps De Silva, 8020cto’s founder Jeffrey Scholz, Chief People Officer at CARSOME Sergio Salvador, and Herwan Ng, an independent commissioner at multiple publicly listed companies.
AC Ventures has over $500 million in assets under management and has invested in over 120 tech companies since 2012.
SG’s Princeton Digital Group announces expansion
Princeton Digital Group (PDG), a Singapore-based data centre provider, announced on Tuesday a plan worth close to $1 billion to build a 96 MW data centre campus in Batam, Indonesia.
The Batam campus, which will be built on 15 acres of land within Nongsa Digital Park, is the first part of a strategy called SG+ which will allow customers to expand their infrastructure from Singapore to Batam and Johor, Malaysia.
“The new campus in Batam reinforces our growth strategy and solidifies our already strong presence across the region in China, Singapore, India, Indonesia, and Japan,” Rangu Salgame, Princeton Digital Group chairman and CEO, said in a statement.
Nongsa Digital Park is one of Indonesia’s 19 special economic zones located just 20 kilometres south of Singapore. Designed to be the centre of the digital economy and tourism, the park is aimed at luring investments amid the growing demand for technology talents.
PDG has been keen on Asia expansion. The company recently launched a 48 MW data centre in Mumbai, India, with an investment of $300 million in December 2022, and plans to finish its 100 MQ data centre in Tokyo, Japan, in 2024.
PDG is backed by Warburg Pincus, Ontario Teachers’ Pension Plan, and Abu Dhabi sovereign wealth fund Mubadala.
