Fundraising Fox

MDI Ventures

Corporate VC

Jakarta · Pre-Seed–Growth · 11 people tracked

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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
21

Team · 11 people

from the firm's website & public directories
Shannon Lee· Partnerin
Kenneth Li· Managing Partnerin
Kyle Kling· Head of Investmentsin
Winston Adi· Vice President of Portfolio Management

What they invest in

from 11 of 21 portfolio companies

Healthtech ×4SaaS ×3Digital Health ×2Enterprise Software ×2Fintech ×2Marketing Tech ×2Media & Entertainment ×2Wellness & Fitness ×2

HQs:Indonesia×6Singapore×3United States×1

Investments · 21 tracked

founders shown can be your intro path
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 SrivorakulTom SrivorakulJohn 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

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.comin𝕏

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

Healthtech

Suci Arumsari(Founder)inNathanael Faibis

Co-investors500 GlobalGolden Gate VenturesWessel ManagementDAYLI PartnersSamsung Ventures

Cyfirmacyfirma.comin𝕏

CYFIRMA provides an external threat landscape management (ETLM) platform that combines cyber threat intelligence, attack surface discovery, vulnerability intelligence, brand intelligence, and digital risk protection to give organizations visibility into their digital footprint.

AI & Machine LearningCybersecuritySaaS

Delos

Sustainable aquaculture technology company.

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

Jelenko SobotPaul TenneyPaula Hoy

Co-investors500 GlobalAC VenturesRight Click CapitalTNBAuraWalden InternationalWavemaker Partners

GOERSgoersapp.com

Ticketing and experience management platform managing over 6.5 million tickets.

Jakarta, ID

Anselmus K A Kurniawan(Founder)

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

Opsigo
Paxelpaxel.co

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

Co-investorsAC Ventures

Pitik

Indonesian poultry startup that sells chicken feed to smallholder farmers, buys back the grown chickens, and distributes them to wholesalers and wet markets, while offering free IoT coop-monitoring technology.

Privy
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

Qoala

Insurtech company; recorded 445 million microinsurance policies in 2024.

Swiperxswiperx.comin𝕏

SwipeRx operates a digital platform and community for pharmacy professionals across Southeast Asia, offering continuing professional education (CPD credits), industry news, and a B2B commerce tool for purchasing medicines for pharmacies.

B2B MarketplacesDigital HealthHealthtech

Farouk Meralli(Founder)

Co-investorsPatamar CapitalSpiral Ventures

Tada

Loyalty and rewards platform reaching around 2 million SME merchants.

Volantis

AI and data orchestration company.

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

Whale

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has MDI Ventures made?
MDI Ventures has 14 tracked investments.
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

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
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.

$5M
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
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

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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