🦊/Investors

MDI Ventures

Corporate VC

Jakarta · Pre-Seed–Growth · 11 people tracked

Find your way into MDI Ventures

2,076 people in our graph share verified history with the MDI Ventures team — schools, employers, funds. One of them is your warm intro.

David Phuunlockedknows Arindra Prakasa · together at PwC (overlapped)
×5knows the team · via PwC
knows the team · via Ey
×2knows the team · via University of Southern California
×2knows the team · via Cornell
knows the team · via University of California, Berkeley
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Investment thesis

MDI Ventures backs high-growth technology startups across Southeast Asia and beyond, connecting portfolio companies with Telkom Group and other Indonesian state-owned enterprises to unlock commercial synergies. Through multiple funds it invests across stages, from pre-Series A gaps (via Arise with Finch Capital) to growth-stage deals, and has announced sharpened focus on artificial intelligence and cybersecurity. It emphasizes portfolio impact, governance, and cross-border corridors such as Korea-ASEAN through the Centauri Fund. The firm supports startups in fintech, healthtech, edtech, logistics, enterprise software and other digital sectors, aiming to strengthen Indonesia's digital economy.

Source: firm website, verified Aug 7, 2026.

Stage
Pre-Seed–Growth
Check
$500K – $75M
HQ
Jakarta, MA, ID
Leads rounds
Leads
Instruments
Equity
Founded
2014
AUM
$830M
Tracked investments
31
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 18 of 31 portfolio companies

E-commerce ×6SaaS ×6Enterprise Software ×5Fintech ×4Healthtech ×4Logistics & Supply Chain ×3Marketing Tech ×3AI & Machine Learning ×2

HQs:Indonesia×12Singapore×4Japan×1United States×1

Investments · 31 tracked

founders shown can be your intro path

By year:2025 · 22024 · 12023 · 22022 · 42021 · 32020 · 113 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 VenturesMandiri Capital IndonesiaTNBAuraAlpha JWC VenturesAlto Partners+4 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)in

Co-investorsStreamlined VenturesY CombinatorBosch VenturesLinear Capital

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 Faibisin

Co-investors500 GlobalGolden Gate VenturesWessel ManagementDAYLI PartnersSamsung Ventures

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)in

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

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 CapitalTNBAuraWalden InternationalWavemaker Partners

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)in

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

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 MeydiarsoinChristian FrankeIrzan Raditya(Founder)inReynir FauzaninWahyu Wrehasnaya(Founder)in

Co-investors500 GlobalAC VenturesSpiral Ventures

Koinworkskoinworks.comSeries C · Jan 2022 · $43M

Co-investorsQuona CapitalSaison Capital

Paxelpaxel.co

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

Bryant Christanto(Founder)in

Co-investorsAC Ventures

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 & CEO)

Co-investorsAppWorks VenturesIndogen CapitalMandiri Capital IndonesiaSTRIVEAppWorksEurazeo+6 more

Red Dot Paymentreddotpayment.cominacquired 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 Partners

SiCepatsicepat.comMar 2021

SiCepat is an Indonesian express shipping and logistics company offering delivery services ranging from same-day to economy shipping across Indonesia.

E-commerceLogistics & Supply ChainSaaS

The Kim Hai(Founder)in

Co-investorsKejora 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 HealthHealthtech

Farouk Meralli(Founder)in

Co-investorsPatamar CapitalSpiral VenturesBill & Melinda Gates Foundation

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

Other

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

DelosGood Doctor Technology IndonesiaLegit GroupOpsigoPitikPrivyTadaVolantisWhaleZenius 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 31 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 is MDI Ventures's typical check size?
MDI Ventures typically writes checks of $500K – $75M.
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.

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.

$1.5M – $139M
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 · 1
Koinworks
$5M
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
$473K – $60M
Partech Ventures

Partech is a global investment firm that backs founders across multiple continents and at every stage through dedicated teams and funds.

$200K – $50M
Finch Capital

Finch Capital is a European growth capital investor backing B2B business and financial technology software companies, providing capital and hands-on support across go-to-market, hiring, performance management, M&A and exit planning.

$5.4M – $16.2M

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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