Mandiri Capital Indonesia
Corporate VCJakarta · Seed–Growth · 1 people tracked
Investment thesis
MCI positions itself as a strategic investment partner focused on long-term growth rather than capital alone. Since 2015 it has supported founders by connecting portfolio companies to the broader Mandiri Group ecosystem, offering access to roughly 42 million customers and an extensive industry network. The firm emphasizes strong governance and strict risk management, working alongside founders and management teams to build resilient, competitive businesses that create lasting impact for the wider ecosystem. It manages three funds — a Balance Sheet Fund, the Indonesia Impact Fund, and a BTN Fund — and highlights being the first Indonesian venture firm to require all employees to hold OJK-registered risk management certification.
Source: firm website, verified Aug 3, 2026.
Team · 1 people
from public directories
What they invest in
from 14 of 24 portfolio companiesFintech ×6Consumer ×3SaaS ×3AgTech ×2E-commerce ×2Enterprise Software ×2FoodTech ×2Impact & Social Good ×2
HQs:Indonesia×13
Investments · 24 tracked
founders shown can be your intro path
AgriAku is an Indonesian agribusiness technology company that runs an app for supplying agricultural production inputs (saprotan) to its network of partner retailers.
AgTechB2B MarketplacesE-commerce
Co-investorsIndogen CapitalK3 VenturesTNBAuraAlpha JWC VenturesArgor CapitalGentree Fund
Amartha is an Indonesian digital financial services platform that provides working capital financing to women-run rural micro-businesses (MSMEs) and offers impact-oriented investment products to individuals and institutions.
FintechImpact & Social GoodMarketplaces
Andi Taufan Garuda Putra(Founder & CEO)in
Co-investorsAccionLendableZ Venture CapitalBEENEXT
AssistX Enterprise provides AI-driven software for enterprises, including a data-processing suite, AI-powered video surveillance and livestream compression, data compression to reduce storage and bandwidth, and IoT-based real-time monitoring.
AI & Machine LearningEnterprise SoftwareIoT
Provides middleware connecting tech platforms and bill providers via APIs.
Co-investorsAC VenturesPatamar CapitalpeerchequeSTRIVETaurus Ventures
Indonesian payments and open finance API provider offering direct debit, disbursement, bill payment and virtual card services.
Chiragh Kirpalani(Founder)in
Co-investorsColopl NextFinch Capitalpeercheque
PT Bukalapak.com Tbk operates an online shopping platform in Indonesia.
ConsumerFintechImpact & Social Good
Achmad Zaky(Founder)inAchmad SyaifudinDian HaryokusumoGema PutraMuhamad RasyidNugroho Herucahyono
Co-investors500 Global500 Startups VietnamEndeavor CatalystRebright PartnersSC VenturesSpiral Ventures+3 more
Delos Aqua farms and supplies king prawns sourced from Indonesia, positioning them as responsibly farmed seafood.
AgTechFoodTechJakarta, ID
Aris Noerhadi(Founder)
Co-investorsIndogen CapitalAlpha JWC VenturesiSeedMonk's Hill Ventures
Manufacturer and distributor of cakes and baked goods, based in Jakarta.
DORÉ by LeTAO is a cake shop offering cakes such as cheesecake (its original Fromage cheesecake), chocolate cake, fruit cake, and red velvet to consumers.
ConsumerE-commerceFoodTechJakarta, ID
GoTo is an Indonesian technology group operating on-demand services (via Gojek), financial technology, and logistics across Indonesia and Singapore.
FintechLogistics & Supply ChainMobility & TransportationJakarta, ID
Co-investorsAtinum Investment Co. Ltd.Openspace VenturesPeak XV PartnersRakuten CapitalSBI Ven CapitalSCB 10X+5 more
Indonesian tech ecosystem formed in 2021 through the merger of Gojek and Tokopedia.
Co-investorsSBI Ven Capital
Greenhope develops and produces patented, certified biodegradable and bio-based materials—Oxium (biodegradable additive), Ecoplas and Naturloop (cassava-based bioplastics)—used to make garbage bags, packaging, food trays, and utensils.
Circular EconomyCleantechClimate TechNew MaterialsJakarta, ID
Sugianto Tandio(Co-Founder)Tommy Tjiptadjaja(Co-Founder)
Tech-driven omnichannel consumer goods company, based in Singapore.
Enterprise SoftwareHR TechSaaS
Samiaji Prasetya Adisasmito(Founder)in
Co-investorsElevate Innovation PartnersFinch CapitalGolden Gate Ventures
Digital financial services e-wallet platform initiated by Indonesian state-owned enterprises.
Service institution under Bank Indonesia's National Payment Gateway (GPN).
Qoala is an online insurance platform that lets consumers compare and buy insurance products, including health, life, and car insurance.
ConsumerFintechInsurTech
Harshet Lunani(Founder & CEO)
Co-investorsAppWorks VenturesIndogen CapitalSTRIVEAppWorksEurazeoFlourish Ventures+6 more
PT Mitra Transaksi Indonesia, a technology-based payment services provider.
Exits · 1
IPOs and acquisitions across the tracked portfolioJojonomicacq. by Mekari
Portfolio news
latest coverage across their companiesBukalapak · idnfinancials.com · Jul 29, 2026
AgriAku · dealstreetasia.com · Jun 2, 2026
GoTo · thediplomat.com · Nov 20, 2025
Frequently asked questions
- How many investments has Mandiri Capital Indonesia made?
- Mandiri Capital Indonesia has 24 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does Mandiri Capital Indonesia invest at?
- Mandiri Capital Indonesia invests at the Seed, Series A, Series B, Growth stages.
- What is Mandiri Capital Indonesia's typical check size?
- Mandiri Capital Indonesia typically writes checks of $500K – $65M.
- What sectors does Mandiri Capital Indonesia focus on?
- Mandiri Capital Indonesia focuses on B2B Marketplaces, Enterprise Software, Fintech, SaaS.
- Where is Mandiri Capital Indonesia located?
- Mandiri Capital Indonesia is headquartered in Jakarta, ID.
- Who does Mandiri Capital Indonesia co-invest with?
- Mandiri Capital Indonesia most often shares deals with Indogen Capital, STRIVE, Finch Capital, among 33 tracked co-investors.
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