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MDI Ventures

MDI Ventures is a strategic VC originally anchored by evergreen fund from Telkom Indonesia.

Jakarta, Indonesia

Description

Jakarta, Indonesia, serving as the investment arm of Telkom Indonesia. As of 2026, it remains a dominant force in the Southeast Asian tech ecosystem, managing over US$830 million in assets across multiple funds. 
  • Multi-Stage: MDI invests across the spectrum, from Seed and Pre-Series A to Late-Stage rounds.
  • Arise Fund: A joint venture with Finch Capital targeting Post-Seed to Series A startups with check sizes ranging from US$250,000 to US$3 million.
  • MDI 500: Dedicated to late-stage series with a target ticket size of US$20 million to US$30 million per company. 
  • Method: Founders can engage through direct outreach, professional referrals, or by participating in the firm’s proprietary events like Nex-BE Fest (Next-Generation Business Ecosystem Festival).
  • Requirements: Applicants must demonstrate solid financial fundamentals and, crucially, a clear potential for synergy with Telkom Group or other Indonesian state-owned enterprises (SOEs).
  • eMerge Network: Early-stage founders can also apply through the eMerge angel investor network facilitated by MDI. 
  • Rolling Basis: MDI reviews deals and deploys capital year-round.
  • Venture Capital World Summit Jakarta: A major regional pitch event is scheduled for July 1, 2026.
  • Nex-BE Fest: Startups should monitor MDI's social channels for the 2026 Nex-BE Fest dates, which serve as a primary synergy-matching event. 

Eligibility

  • Geography: Primarily focused on Indonesia-based startups or those expanding into the Indonesian market.
  • Sectors: Core focus areas for 2026 include AI, Cybersecurity, Enterprise Software, FinTech, HealthTech, and Agritech.
  • Financial Health: The firm prioritizes "cash-healthy" founders over "cash-poor" vendors. 

Process

  1. Independent Review: All investment decisions are made by an internal independent team following a rigorous structured process.
  2. Due Diligence: A comprehensive evaluation including financial vetting and market landscape analysis.
  3. Synergy Assessment: Startups are evaluated for their ability to leverage Telkom's infrastructure, reaching its massive customer base for market validation.
  4. Maturation Map: Post-investment, MDI provides tailored guidance based on the startup's growth Condition. 

What an Applicant can Obtain

  • Strategic Capital: Access to one of Indonesia's largest venture funds.
  • Market Access: Direct bridge to the Telkom Group ecosystem and other SOEs for commercial collaboration.
  • Unicorn Launchpad: Opportunity to join a portfolio that has produced 6+ unicorns, including Akulaku, Nium, and MPL.