Japan-based information technology solutions NS Solutions Corporations announced its investment in the second fund of Indonesia’s venture capital firm Alpha JWC Ventures.

The company stated that the objective of the investment is to “search for promising technology companies in the emerging Southeast Asian market, mainly in Indonesia”.

In its joint statement, NC Solutions also remarked that the partnership marks the firm’s first investment in Southeast Asian venture capital, in hope to take part in accelerating the region’s digital economy growth.

“Alpha JWC is one of the region’s most active VCs with investment in 23 startups in their first fund alone. We support their approach in managing their portfolio where they provide hands-on support to help the startups grow fast and right,” said Toshiyuki Kajiwara, Director of Global Business Development & Management Department at NS Solutions.

The terms of the partnership include NS Solutions introducing Alpha JWC Ventures’ current and upcoming portfolio companies to its local Japanese customers, which will contribute to the startups’ business development. At the same time, NS Solutions will share its group’s technology and know-how to the startups.

NS Solutions is a Tokyo-based information technology company founded by Nippon Steel in 1980. It was later merged with Sumitomo Metal Corp and got an update with the offering of services such as system integration, cloud computing, and other corporate-intended technology solutions.

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With subsidiaries in Singapore, Thailand, and Indonesia, the company has experience in Southeast Asia’s tech ecosystem. NS Solutions made an investment into an Indonesian tech company that provides network management to software training PT Sakura System Solutions in 2015.

Alpha JWC Ventures was established in Indonesia in 2015, led by partners who have been investing in Southeast Asia’s tech ecosystem since 2010. The firm currently manages two funds of US$50 million and US$100 million, with 28 active portfolio companies in Indonesia, Singapore, Malaysia, and Vietnam. It has two exits — co-working space Spacemob (acquired by workspace giant WeWork), and business news platform DealStreetAsia (acquired by Financial Times of Nikkei Group).

“We are excited to have NS Solutions on board with our mission to further nurture Southeast Asia’s leading tech companies,” said Alpha JWC Ventures’ Co-Founder and Managing Partner Chandra Tjan.