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MDI Ventures

Founders Indra Utoyo Nicko Widjaja

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 99
Average round size
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The average size of a deal this fund participated in
$15M
Portfolio companies 68
Rounds per year 12.38
Lead investments 20
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.31
Exits 8
Key employees 3
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • FinTech
  • E-Commerce
  • Information Technology
  • Financial Services
Summary

In 2015 was created MDI Ventures, which is appeared as VC. The main department of described VC is located in the Jakarta. The company was established in Asia in Indonesia. MDI Ventures seemed to be an CVC arrangement as part of the organization.

The higher amount of exits for fund were in 2019. The high activity for fund was in 2018. Deals in the range of 10 - 50 millions dollars are the general things for fund. The average startup value when the investment from MDI Ventures is 1-5 millions dollars. Comparing to the other companies, this MDI Ventures performs on 12 percentage points less the average number of lead investments. Considering the real fund results, this VC is 17 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 7-12 investment rounds annually.

For fund there is no match between the location of its establishment and the land of its numerous investments - Singapore. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Among the most successful fund investment fields, there are Software, Advertising. Among the various public portfolio startups of the fund, we may underline Kredivo, InstaReM, CXA Group

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the MDI Ventures, startups are often financed by 500 Startups, Openspace Ventures, GMO VenturePartners. The meaningful sponsors for the fund in investment in the same round are Wavemaker Partners, Openspace Ventures, GMO VenturePartners. In the next rounds fund is usually obtained by Wavemaker Partners, Telkomsel Mitra Inovasi, Tiger Global Management.

This organization was formed by Nicko Widjaja. Besides them, we counted 3 critical employees of this fund in our database.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of MDI Ventures:
Typical Co-investors
MDI Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after MDI Ventures:

Funds with similar focus

Funds from Indonesia
Funds with similar focus located in Indonesia:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Deskera

Accounting
Cloud Data Services
CRM
Enterprise Resource Planning (ERP)
Enterprise Software
Human Resources
Project Management
Software
16 Jul 2024 Singapore, Central, Singapore

DayaTani

Agriculture
Farming
$2M16 Jan 2024 Dki Jakarta, Jakarta Raya, Indonesia

PT Good Doctor Technology Indonesia

Health Care
$10M09 Oct 2023 Jakarta, Jakarta Raya, Indonesia

Genexyz

Virtual Reality
$1M02 Aug 2023 Jakarta, Jakarta Raya, Indonesia

Cakap

EdTech
Education
$7M12 Apr 2023 Jakarta, Jakarta Raya, Indonesia

Legit Group

Food and Beverage
$13M02 Jan 2023 Jakarta, Jakarta Raya, Indonesia

PrivyID

Identity Management
Information Technology
$48M13 Nov 2022 Jakarta, Jakarta Raya, Indonesia

AgriAku

Agriculture
AgTech
B2B
$35M11 Jul 2022 Jakarta, Jakarta Raya, Indonesia

Paxel.co

Lifestyle
Logistics
Supply Chain Management
$22M04 Jul 2022 Jakarta, Jakarta Raya, Indonesia
News
Indonesian halal-focused social commerce startup Evermos lands $30M Series B

– Indonesian social commerce startup Evermos raised $30m in Series B funding.
– The round was led by UOB Venture Management’s Asia Impact Investment Fund II and joined by IFC, MDI Ventures, Telkomsel Mitra Innovation and Future Shape, along with returning investors Jungle Ventures and Shunwei Capital.
– The funding will be used on hiring, enhancing Evermos’ recommendation engine and other AI-based tech, and entering new regions in Indonesia.
– The company says it currently has 100,000 active resellers in more than 500 Tier 2 and Tier 3 cities, mostly in Java. Its goal is to reach more than one million resellers throughout Indonesia over the next five years.

Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Growth Fund

– Aruna, a seafood supply chain startup, raised $35m in Series A funding.
– The round was led by Prosus Ventures and East Ventures Growth Fund, with participation from SIG and returning investors including AC Ventures, MDI and Vertex Ventures.
– The company works primarily with small fisheries (or ones that have boats with about one to two metric tonnes of capacity) and focuses on sustainability, helping suppliers adhere to the United Nations Goal 14’s targets.
– It was founded in 2016 by Farid Naufal Aslam, Indraka Fadhlillah and Utari Octavianty, who met while studying information technology administration and management at Telkom University.

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Total investments 99
Average round size 15M
Rounds per year 12.38
Peak activity year 2021
Lead investments 20
Follow on index 0.31
Exits 8
Group Appearance index 0.86

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Deskera

Accounting
Cloud Data Services
CRM
Enterprise Resource Planning (ERP)
Enterprise Software
Human Resources
Project Management
Software
16 Jul 2024 Singapore, Central, Singapore

DayaTani

Agriculture
Farming
$2M16 Jan 2024 Dki Jakarta, Jakarta Raya, Indonesia

PT Good Doctor Technology Indonesia

Health Care
$10M09 Oct 2023 Jakarta, Jakarta Raya, Indonesia

Genexyz

Virtual Reality
$1M02 Aug 2023 Jakarta, Jakarta Raya, Indonesia

Cakap

EdTech
Education
$7M12 Apr 2023 Jakarta, Jakarta Raya, Indonesia

Legit Group

Food and Beverage
$13M02 Jan 2023 Jakarta, Jakarta Raya, Indonesia

PrivyID

Identity Management
Information Technology
$48M13 Nov 2022 Jakarta, Jakarta Raya, Indonesia

AgriAku

Agriculture
AgTech
B2B
$35M11 Jul 2022 Jakarta, Jakarta Raya, Indonesia

Paxel.co

Lifestyle
Logistics
Supply Chain Management
$22M04 Jul 2022 Jakarta, Jakarta Raya, Indonesia
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