MDI Ventures

MDI Ventures is the corporate venture capital (CVC) arm of Telkom Indonesia, the largest telecommunications company in Indonesia. Based in Jakarta, MDI Ventures operates as a global multi-stage venture fund, strategically investing in startups that align with Telkom's vast ecosystem and digital transformation initiatives. Their unique position as a CVC provides portfolio companies with access to Telkom's extensive customer base, infrastructure, and operational expertise, fostering synergistic growth opportunities.

The firm maintains a flexible investment mandate, deploying capital across various stages from seed to Series B and beyond, with a particular emphasis on growth-stage companies. MDI Ventures targets sectors such as fintech, logistics, digital media, enterprise software, and healthcare, seeking innovative solutions that can either disrupt existing markets or enhance Telkom's core businesses. They are known for their strategic value-add beyond just capital, leveraging Telkom's resources for market access and scaling.

MDI Ventures has demonstrated significant financial capacity and a strong track record. The firm manages substantial capital, including a notable $500 million fund launched in partnership with KB Financial Group through Centauri Fund, aimed at supporting Southeast Asian startups. Their portfolio boasts impressive successes, including contributing to the growth of three unicorns: Gojek (now part of GoTo), Kredivo, and Xendit (formerly Payfazz). MDI Ventures has made over 100 investments globally, showcasing their broad reach and commitment to fostering innovation within the digital economy.

Typically, MDI Ventures' initial cheque sizes range from $500,000 for early-stage opportunities up to $5,000,000 for more mature, growth-stage companies. However, they are capable of participating in larger rounds through co-investments and follow-on funding, often leveraging their network of limited partners and co-investors. Their investment decisions are heavily influenced by the potential for strategic collaboration with Telkom Indonesia, seeking companies that can either integrate with Telkom's services or expand its digital footprint.