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MDI Ventures

Corporate VC

Jakarta · Pre-Seed–Growth · 11 people tracked

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Investment thesis

MDI Ventures operates as a global, multi-stage venture capital firm backing local founders, positioned as the corporate VC arm of Telkom Indonesia. Through multiple managed funds (including Arise, Centauri, TMI, MDI 100 and MDI 500), it invests across stages and geographies while emphasizing synergy value: connecting its portfolio startups with Telkom Group and Indonesian state-owned enterprises to accelerate commercial growth. Recent strategic focus areas include artificial intelligence and cybersecurity, alongside sector-specific vehicles targeting energy, biotech, healthcare and agriculture. The firm also runs programs and an angel investor network to broaden startup access to capital and enterprise partnerships.

Source: firm website, verified Sep 27, 2026.

Stage
Pre-Seed–Growth
HQ
Jakarta, ID
Leads rounds
Leads
Instruments
Equity
Founded
2016
AUM
$830M
Tracked investments
45
Acquisitions
1

Team · 11 people

from the firm's website & public directories
Shannon Lee· Partnerin
Winston Adi· Vice President of Portfolio Management

What they invest in

from 31 of 45 portfolio companies

SaaS ×13Enterprise Software ×11Fintech ×10AI & Machine Learning ×7E-commerce ×7Consumer ×4Healthtech ×4Marketing Tech ×4

HQs:Indonesia×19Singapore×5United States×3Japan×1

Investments · 45 tracked

founders shown can be your intro path

By year:2025 · 22024 · 12023 · 32022 · 42021 · 32020 · 12016 · 115 dated

aCommerceacommerce.asiain✓ verified

aCommerce is an end-to-end e-commerce enablement and service provider for global consumer brands in Southeast Asia, offering localized solutions including fulfillment, online sales channels, and analytics tools such as its BrandIQ measurement suite.

E-commerceLogistics & Supply ChainRetail TechSingapore, SG

Paul SrivorakulinTom SrivorakulinJohn Srivorakul

Co-investorsNTT DOCOMO VenturesInspire VenturesEmerald MediaWidus Partners

(Antara News)antaranews.com𝕏

Antara News is an Indonesian news outlet publishing articles, opinion pieces, and commentary from various contributors across topics including law, health, agriculture, and public affairs.

Media & Entertainment

AgriAkuagriaku.cominJul 2022

AgriAku is a technology-enabled agricultural supplies distributor operating across Indonesia, connecting farmers and agricultural businesses with affordable inputs and materials on-demand through an integrated distribution network.

AgTechB2B MarketplacesE-commerceLogistics & Supply ChainIndonesia, ID

Irvan Kolonas(Founder)inDanny Handoko(Founder)in

Co-investorsIndogen CapitalK3 VenturesK3V VenturesMandiri Capital IndonesiaTNBAuraAlpha JWC Ventures+5 more

AIOSaiosmedical.comin

AIOS builds software infrastructure for consumer healthcare that automates clinical workflows and patient management, currently operating brands like Bolt Pharmacy and Fella Health that deliver treatment at scale with minimal human intervention.

HealthtechWellness & FitnessSan Francisco, US

Richie Cartwright(Founder)inGabe Campbell(Founder)

Co-investorsStreamlined VenturesY CombinatorBosch VenturesBrandProject CapitalCoho DeeptechCrista Galli Ventures+7 more

Alodokteralodokter.comin𝕏Jun 2021

Alodokter runs an Indonesian health platform that combines medical reference articles with direct chat access to licensed doctors.

Healthtech

Suci Arumsari(Founder)inNathanael Faibis(Founder)in

Co-investors500 GlobalGolden Gate VenturesWessel ManagementDAYLI PartnersSamsung Ventures

Amarthaamartha.comin𝕏

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)in

Co-investorsAccionLendableMandiri Capital IndonesiaZ Venture CapitalBamboo Capital PartnersBEENEXT

Cakapcakap.cominSeries C · Mar 2024 · $8M

Cakap is an Indonesian online learning platform offering interactive, two-way language classes in English, Mandarin, Japanese, Korean, and Indonesian taught by certified local and foreign teachers, including classes for children and corporate clients.

EdTechFuture of Work

Tomy Y.(Founder)inTomy Yunus(Founder)

Co-investorsMandiri Capital IndonesiaKB Investment

Cyfirmacyfirma.comin𝕏Jan 2025 · $5M

Cyfirma provides digital risk discovery and cyber threat monitoring solutions for enterprises, helping organizations identify and mitigate emerging threats across their external attack surface.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSTokyo, JP

Kumar Ritesh(Founder)in

Co-investorsGoldman SachsOurCrowd

Delosdelosaqua.com

Delos Aqua farms and supplies king prawns sourced from Indonesia, positioning them as responsibly farmed seafood.

AgTechFoodTechJakarta, ID

Aris Noerhadi(Founder)Alexander Farthing(Founder)Aristya Noerhadi(Founder)Bobby Indra Gunawan(Founder)Guntur Mallarangeng(Founder)Pierre de la Grand'rive(Founder)

Co-investorsIndogen CapitaliSeedMandiri Capital IndonesiaMonk's Hill VenturesAlpha JWC VenturesBlue Bear Capital Partners+4 more

Elastioelastio.comin𝕏Jun 2023

Elastio provides ransomware detection and verified data recovery software that inspects live data, replicated data, and backup data across enterprise environments.

CybersecurityData & InfrastructureEnterprise SoftwareSaaS

Co-investorsAlumni VenturesBlue Ivy VenturesUncorrelated VenturesVenture Guides Management, L.P.Bain Capital VenturesBascom Ventures+4 more

Ematic Solutionsematicsolutions.comin

Ematic Solutions is a digital marketing consultancy that helps companies adopt and implement marketing technologies and end-to-end services.

Enterprise SoftwareMarketing TechMedia & EntertainmentSaaS

Co-investors500 GlobalAC VenturesRight Click CapitalTNBAuraWavemaker PartnersWalden International

Evermosevermos.comin𝕏Sep 2021 · $30M

Evermos is an Indonesian reseller and dropship platform where individuals sell curated local halal products—including food, Muslim needs, fashion, home goods, beauty, health supplements, gold, and digital products—without holding stock, earning commission on sales.

E-commerceMarketplacesSocial

Iqbal Muslimin(Founder)inAndika Saputra(Founder)Ilham Taufiq(Founder)

Co-investorsJungle VenturesAlpha JWC VenturesEndeavor CatalystIFCShunwei CapitalSWC Global+1 more

FinAccelfinaccel.coin

Kredivo Group builds financial services products including buy-now-pay-later and personal lending for consumers, and point-of-sale financing solutions for ecommerce merchants, alongside a digital banking and savings platform for goal-based financial management.

ConsumerFintech

Akshay GargAlie TanDennis LerchlUmang Rustagi

Co-investors500 Global500 Startups VietnamCathay InnovationOpenspace VenturesAlpha JWC VenturesDurians+3 more

GOERSgoersapp.com

Ticketing and experience management platform managing over 6.5 million tickets.

Jakarta, ID

Anselmus K A Kurniawan(Founder)in

Good Doctorgooddoctor.co.id𝕏

Good Doctor is an Indonesian telemedicine service offering 24/7 access to health professionals, an online health store, medication delivery, and specialist bookings across more than 200 cities.

Digital HealthHealthtechWellness & Fitness

IDRXidrx.co𝕏

IDRX is a regulated stablecoin backed 1:1 by the Indonesian Rupiah, letting users hold and transfer IDR value on blockchain networks for payments, trading, and Web3 financial activity.

Crypto & Web3Fintech

Co-investorsCommodore CapitalRA Capital

Julojulo.co.idin𝕏

JULO is an Indonesian financial technology company offering digital lending and personal loans to consumers, with loan amounts ranging from Rp 500,000 to Rp 50,000,000.

ConsumerFintechJakarta, ID

Hans Sebastian(Founder)inAdrianus Hitijahubessy(Founder)inHarri Suhendra(President Director)in

Co-investorsAC VenturesGobi PartnersQuona CapitalConvergence VenturesEast VenturesSkystar Capital

Jutsoojutsoo.comSeed

Jutsoo builds AI agents that automate repetitive bookkeeping tasks, allowing accountants and bookkeepers to focus on judgment and advisory work.

AI & Machine LearningEnterprise SoftwareFintechSaaSJakarta, ID

Mario Gaw(Founder)inKristian F H Sinaulan(Founder)in

Co-investorsOCBC NISP VenturesY CombinatorCentral Capital VenturaEast VenturesMyAsiaVCSMDV+1 more

Katakata.aiin𝕏Nov 2020

Kata.ai provides a large language model that lets brands and enterprises build intelligent chatbots for marketing, commerce, and behavioral data collection across social and chat apps such as LINE, Facebook, and WhatsApp.

AI & Machine LearningE-commerceEnterprise SoftwareHR TechMarketing TechSaaSSales Tech

Ahmad Rizqi Meydiarso(Founder)inChristian FrankeIrzan Raditya(Founder)inReynir Fauzan(Founder)inWahyu Wrehasnaya(Founder)in

Co-investors500 GlobalAC VenturesRed Sails InvestmentSpiral VenturesTrans-Pacific Technology FundConvergence Ventures

KOINWORKSkoinworks.comSeries C · Jan 2022 · $43M

Benedicto Haryono(Founder)Willy Arifin(Founder)

Co-investorsAC VenturesQuona CapitalSaison CapitalConvergence Ventures

Kredivokredivo.com

Kredivo provides instant digital credit and personal loans of up to 50 million rupiah, letting consumers pay in 30 days or in 3–24 month installments without a down payment across online and offline merchants.

ConsumerFintech

Akshay Garg(Founder)Alie Tan(Founder)Allie Tan(Founder)Umang Rustagi(Founder)

Co-investorsFluent VenturesJungle VenturesKejora CapitalPartners for GrowthPartners for Growth (PFG)Square Peg Capital+3 more

Loft Orbitalloftorbital.comin𝕏

Loft Orbital operates space infrastructure, providing satellites equipped with sensing resources, onboard edge compute, and connectivity that let customers run missions without deploying their own hardware.

AI & Machine LearningDeep TechDefense TechHardwareSpace TechSan Francisco, US

Antoine Bellon de Chassy(Executive Officer, Director)Pierre-Damien Vaujour(Founder)inAlex Greenberg(Founder)inAntoine de Chassy(Founder)

Co-investors1809 CapitalAlumni VenturesBlast.ClubBlitzscaling VenturesChaos VenturesEQUIAM+22 more

Opsigoopsigo.comin

Opsigo is an online travel platform serving Indonesia's travel agency market, with a focus on Opsicorp, a travel management system that helps corporations organize and control business travel spending and operations.

Enterprise SoftwareSaaSTravel & HospitalityJakarta, SG

Edward Nelson Jusuf(Founder/CEO)inWildan Rachman(Technology Leader)Dwi Wahyudi(Operations Leader)

Co-investorsGenesia Ventures

Paxelpaxel.co

Logistics company offering delivery services and a Paxel Recycle program using reusable ALVAboard packaging.

Bryant Christanto(Founder)in

Co-investorsAC VenturesFJ Labs

Pitikpitik.id

Ariensyah Yunus(Founder)Rymax Joehana(Founder)

Co-investorsWavemaker Partners

Privyprivy.io𝕏

Privy provides infrastructure for building crypto wallets and moving digital assets, enabling developers to integrate wallet functionality, stablecoin transfers, and automated payment systems into their applications.

Crypto & Web3Developer ToolsFintechBoston, US

Asta L.(Founder)inBen Jabbawy(Executive Officer, Director)Asta Li(Founder)Henri Stern(Founder)in

BoardSamuel Clemens(Director)

Co-investorsArchetypeBitDAOBlueYard CapitalBoxGroupCoinbase VenturesCypress Growth Capital+12 more

Proglixproglix.cominSeed

Proglix is a B2B digital procurement platform for metal and steel raw materials in Indonesia that connects suppliers and buyers globally.

Advanced ManufacturingB2B MarketplacesE-commerceMarketplacesSaaSJakarta, ID

Wynn Wijaya(Founder)inPrawira Indrawan(Founder)inWendy Wijaya(Founder)in

Co-investors500 GlobalAcorn Pacific VenturesMaiora Rebel VenturesRuvento Ventures Pte Ltd.Y CombinatorAndreessen Horowitz+8 more

Qoalaqoala.app

Qoala is an online insurance platform that lets consumers compare and buy insurance products, including health, life, and car insurance.

ConsumerFintechInsurTech

Harshet Lunani(Founder)Harshet Lunani Tommy Martin(Founder)Tommy Martin(Founder)

Co-investorsAppWorks VenturesIndogen CapitalMandiri Capital IndonesiaSTRIVEAbac Capital Manager S.G.E.I.C.,AppWorks+10 more

Red Dot Paymentreddotpayment.cominAug 2016acquired by Payu

Red Dot Payment operates a PCI DSS Level 1 compliant payment gateway designed for hospitality businesses to process online room bookings and dining promotions securely.

Cloud ComputingE-commerceEnterprise SoftwareFintechSaaSTravel & HospitalitySingapore, SG

Randy(Founder / Director)

Co-investorsGMO VenturePartnersWavemaker PartnersProsus Ventures

SiCepatsicepat.comMar 2021

SiCepat is an Indonesian logistics and delivery company, founded in 2014, offering package pickup and integrated shipping technology for social commerce, corporate, and e-commerce businesses.

E-commerceLogistics & Supply ChainSaaS

The Kim Hai(Founder)in

Co-investorsKejora CapitalTrihill Capital

SwipeRXswiperx.comin𝕏Series B · May 2022 · $27M

SwipeRx operates a digital network for independent pharmacies and pharmacy professionals across Southeast Asia, offering community tools and a purchasing platform for buying quality medicines.

B2B MarketplacesDigital HealthHealthtechMarketplacesSaaS

Farouk Meralli(Founder)inJon LininYee Fong Ten

Co-investors500 GlobalKickstart VenturesPatamar CapitalSpiral VenturesBill & Melinda Gates Foundation

Tadausetada.comin

Tada is an AI-powered enterprise loyalty and rewards platform that helps businesses run customer loyalty, trade promotion, channel and sales incentives, and employee engagement programs.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaS

Co-investorsElevate Innovation PartnersFinch CapitalVenturra

Verihubsverihubs.cominSeed

Verihubs is an AI-powered identity verification and risk decision platform that helps businesses verify identities, reduce fraud, and enable secure digital onboarding.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise SoftwareFintechSaaSJakarta, ID

Hendoko Kwik(Founder)Rick Firnando(Founder)Vikram Duvvoori(Founder)Williem Williem(Founder)

Co-investorsAmand VenturesInsignia Ventures PartnersWavemaker PartnersY CombinatorCentral Capital VenturaMAGIC Fund+1 more

Volantisvolantis.io

Volantis provides a modular, on-premise AI infrastructure platform that connects enterprise data sources, unifies data, and orchestrates AI agents to deploy production AI applications such as document processing, risk assessment, and citizen services.

AI & Machine LearningData & InfrastructureEnterprise Software

Co-investorsIndogen Capital

Wavecellwavecell.comin𝕏

Wavecell, part of 8x8's CPaaS offering, provides communication APIs and tools for messaging across channels like SMS, WhatsApp, Viber, Zalo, LINE, voice, and video, plus features for authentication and fraud prevention.

Developer ToolsEnterprise SoftwareMarketing TechSaaS

Co-investorsQualgroWavemaker ImpactWavemaker Partners

Whalewhale.tech

Jerry Ye(Founder)

Co-investorsBosch VenturesGalaxy InteractivePeakVolta Ventures

Zeniuszenius.net

Medy Suharta(Founder)Sabda PS(Founder)

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AnchantoGood Doctor Technology IndonesiaLegit GroupSuperbankZenius Education

Exits · 1

1 acquisitions

Red Dot Paymentacq. by Payu

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has MDI Ventures made?
MDI Ventures has 45 tracked investments, 1 of which have exited, including 2 dated in the last 24 months.
What stage does MDI Ventures invest at?
MDI Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
What sectors does MDI Ventures focus on?
MDI Ventures focuses on AgTech, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Cloud Computing, Cybersecurity, Data & Infrastructure, Digital Health, EdTech, Energy, Enterprise Software, Fintech, Healthtech, Impact & Social Good, InsurTech, IoT, Logistics & Supply Chain, Medical Devices, SaaS, Space Tech, Travel & Hospitality.
Where is MDI Ventures located?
MDI Ventures is headquartered in Jakarta, ID.
Does MDI Ventures lead rounds?
Yes, MDI Ventures leads investment rounds.
Who does MDI Ventures co-invest with?
MDI Ventures most often shares deals with Indogen Capital, Mandiri Capital Indonesia, Finch Capital, among 12 tracked co-investors.

Co-investors · 5

Alpha JWC Ventures

Alpha JWC Ventures is a Southeast Asia-focused venture capital firm that, over its first decade, has backed founders in building transformative businesses across the region.

Quona Capital

Quona Capital is a venture capital firm that invests in fintech companies expanding financial access in emerging markets across Latin America, India, Southeast Asia, and EMEA.

Both backed · 2
JuloKOINWORKS
$5M
Finch Capital

Finch Capital is a European growth equity firm investing in B2B business and financial technology software companies. It provides growth capital and hands-on value creation support to help European-HQ companies scale.

Both backed · 1
$5.4M – $16.2M
Golden Gate Ventures

Golden Gate Ventures is an early-stage venture capital firm that has invested in founders across Southeast Asia since 2011.

Both backed · 1
$1M – $5M
Partech Ventures

Partech is a global venture capital firm supporting founders across multiple continents and investment stages through dedicated teams and funds.

$200K – $50M

Firms observed investing alongside MDI Ventures, from public investor directories. Shared companies are the overlap with MDI Ventures's recorded portfolio.

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