MDI Ventures
Profile, fund size and portfolio
MDI Ventures is the corporate venture arm of PT Telkom Indonesia (Persero) Tbk (telecommunications). It was founded in 2015 and is based in Jakarta, Indonesia. It invests from Pre-seed to Series C+ in fintech, logistics, saaS.
Every figure links to its source
Snapshot
Data behind this graphic
| Item | Value |
|---|---|
| Stage range | Pre-seed to Series C+ |
| Sectors | Fintech, Logistics, SaaS, Consumer tech, Artificial intelligence, Cybersecurity |
| Geography | Indonesia, Southeast Asia, Invested in startups across more than 12 countries |
| Offices | Jakarta, Indonesia, Los Angeles, United States, Singapore |
Sources: S2 MDI Ventures about; S4 MDI team page, Wayback copy 2024-07-05 (live /team returned HTTP 500 on 2026-10-02); S7 MDI closes $500m fund (DealStreetAsia text on mdi.vc).
Data behind this graphic
The firm has not published a portfolio breakdown.
Sources: .
Where it invests and who leads it
Geography
- Headquarters
- Jakarta, Indonesia
- Offices
- Jakarta, Indonesia
- Los Angeles, United States
- Singapore
Investment regionsS2S4S7
- Indonesia
- Southeast Asia
- Invested in startups across more than 12 countries
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | PT Telkom Indonesia (Persero) Tbk (IDX: TLKM) | Single source | S12 |
| Parent industry | Telecommunications | Single source | S12 |
| Founded | 2015 | Reported by Private Equity International institution profile | S14 |
| Headquarters | Jakarta, Indonesia | Single source | S3 |
| Status | Active | Single source | S1 |
| Capital source | Parent and outside investors | Single source | S2 |
| Headline size | USD 1.1bn (Assets under management) | Single source | S5 |
| Companies backed | 99 | Single source | S5 |
| Exits | 17 total | Single source | S5 |
| Stages | Pre-seed, Series A, Series B, Series C+ | Single source | S2 |
Fund vehicles
| Vehicle | Size | Year | Note | Source |
|---|---|---|---|---|
| Fund (first fund, harvesting) | USD 40M | US$ 40 Mn committed per 2023 profile; first fund deployed and in harvesting period | S6 | |
| Fund (second) | USD 150M | US$ 150 Mn committed per 2023 profile | S6 | |
| Fund (US$500M, Indonesia-focused, closed Aug 2020) | USD 500M | 2020 | US$ 500 Mn committed; aimed at digitizing SOEs | S7 |
| 7 active funds (2025 profile) | USD 1.1bn | Total committed AUM USD 1.1 Bn; total AUM USD 656 Mn | S5 | |
| Pertamina NRE-MDI Ventures Energy Fund | USD 100M | 2024 | Targeted first close of USD 100 million in Q1 2024; Pertamina NRE earlier planned USD 500 million over five years | S16 |
| Merah Putih Fund (with Mandiri Capital, BRI Ventures, TMI, BNI Ventures) | USD 300M | 2023 | Initial pooled fund, growth-stage Indonesian startups; MDI is one of five participants | S15 |
For founders
| Item | What the firm says | Source |
|---|---|---|
| Stages | Pre-seed, Series A, Series B, Series C+ | S2 |
| Beyond capital | Collaboration between portfolio startups and anchor LP investors from Telkom to other SOEs and large Indonesian corporates; Synergy value reported: IDR 4.24 Tn in 2024; IDR 15.8 Tn cumulative 2016 to 2024 | S2 |
| Contact form | www.mdi.vc/contact | S3 |
Recent rounds
Notable outcomes
IPOs and acquisitions of portfolio companies. Price shown only where published.
History
- MDI Ventures founded as Telkom Indonesia's venture capital arm (PEI, Tempo).S14
- Began investing; USD 5 Mio synergy value created in 2016 (2023 profile).S6
- Closed a US$500 million fund aimed at Indonesia-focused companies.S7
- Telkom Group participated in the Merah Putih Fund launch (15 Dec 2021).S15
- Five SOE venture arms including MDI signed the Merah Putih Fund agreement with initial USD 300 million.S15
- Reported USD 1.1 Bn committed AUM, 7 active funds, 99 portfolio companies, 17 exits.S5
- Announced focus on AI, cybersecurity and enterprise software.S11
Where sources disagree
- Launch year: 2015 (S14) vs 2016 (S7). PEI and Tempo say launched/founded 2015 and investing from 2016; MDI news text says 'Since 2016'.S14S7
- Headline size: USD 1.1 Bn committed AUM, USD 656 Mn total AUM (2025 profile) (S5) vs USD 830 Mn total committed AUM (2023 profile) (S6) vs More than USD 600 million across funds (CEO, May 2025) (S17) vs More than USD 790 million AUM (2020) (S7). Figures published at different dates and bases; headline stored is committed AUM from the 2025 profile.S5S6S17S7
- Companies backed: 99 (S5) vs 80+ (S1) vs over 80 (Tempo) (S13). Home page shows 80+ portfolio under management; 2025 profile shows 99.S5S1S13
Official pages
Read the firm's own pages for current information.
- Website www.mdi.vc
- LinkedIn company page www.linkedin.com/company/mdi-indigo-ventures
Sources
- S1MDI Ventures homeFirm
- S2MDI Ventures aboutFirm
- S3MDI Ventures contactFirm
- S4MDI team page, Wayback copy 2024-07-05 (live /team returned HTTP 500 on 2026-10-02)Firm
- S5MDI General Profile 2025 (PDF text via search index)Firm
- S6MDI General Profile 2023 (PDF text via search index)Firm
- S7MDI closes $500m fund (DealStreetAsia text on mdi.vc)Firm
- S8MDI joins $60 million investment in Whale (youngster.id text on mdi.vc)Firm
- S9Whale raises $40m more in Series C (mdi.vc news)Firm
- S10MDI invests in CYFIRMA (mdi.vc news)Firm
- S11MDI Ventures new investment direction in AI and cybersecurity (Kontan text on mdi.vc)Firm
- S12Bisnis.com: MDI Ventures new strategy, AI and cybersecurityPress
- S13Tempo: Profil MDI VenturesPress
- S14Private Equity International institution profileThird-party report
- S15Merah Putih Fund signing (mdi.vc news, Bisnis/Kompas text)Firm
- S16Pertamina NRE-MDI Ventures Energy Fund (DealStreetAsia text on mdi.vc)Firm
- S17Investor.id: MDI Ventures cybersecurity and divestmentsPress
- S18MDI Ventures (Telkom Indonesia subsidiary) on LinkedInFirm
- S19WhiteCoat to acquire Good Doctor (mdi.vc news)Firm
- S20We Buy Global raises $15m in Nasdaq IPO (mdi.vc news)Firm
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by MDI Ventures or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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