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Investments

52

Portfolio Exits

5

Funds

3

About MDI Ventures

MDI Ventures is a corporate venture capital initiative by Telkom Indonesia, which is based in Jakarta with operations in Singapore and Silicon Valley. It is set as an independent entity with its own funding processes.

MDI Ventures Headquarter Location

Telkom Landmark Tower . 21st Floor Jl. Jendral Gatot Subroto Kav. 52

Jakarta, 12710,

Indonesia

+6221 2793 7910

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Latest MDI Ventures News

To scale shrimp production software, DELOS raised seed funding

Oct 30, 2021

DELOS, an aquaculture technology startup located in Indonesia, said today that it has secured an undisclosed seed round led by Arise, a joint venture between MDI Ventures and Finch Capital. MDI Ventures, Number Capital, iSeed Asia, Irvan Kolonas of JAPFA, one of the country’s leading shrimp feed and seed suppliers, and Hendra Kwik of fintech startup PayFazz all participated in the fundraising round. DELOS intended to utilise the extra cash to expand and enhance their shrimp production software, which anticipates and suggests measures to increase farm profitability and productivity. It will also be used to integrate value chains and onboard additional DELOS farm partners. Guntur Mallarangeng, Bobby Indra Gunawan, and Alexander Farthing formed the firm in 2021. It was formed in the context of Indonesia’s shrimp industry’s potential expansion, which was inhibited by issues such as low technology adoption, weak management practices, and limited access to funding. “These factors have created a bottleneck within the midstream of the value chain, and are throttling the output of downstream processors to an average of 40 to 60 percent capacity,” the company wrote in a statement. “This productivity gap is what is keeping a US $2 billion industry from fulfilling its latent potential and becoming a US $4 billion industry. The value chain is ready for farm productivity to increase.” DELOS’ full-stack farm management system is designed to help existing Indonesian shrimp farms increase their productive capacity and output by 50 to 150 percent, generating value for farmers, increasing national export volumes, and enhancing Indonesia’s reputation as a world-leading aquaculture nation. To speed the development of in-house solutions, the startup has partnered with Dewi Laut Aquaculture, a local aquaculture company, and Alune Aqua, a renowned aquaculture fintech firm. “Classic challenges in the multi-layer value chain, low productivity, and lack of financing hinder the archipelago’s untapped shrimp industry that makes up 77 percent out of the overall fishery output values. DELOS tech-enabled solution has managed to immerse the tech and the ops into local farmers’ culture and infrastructure while bridging them with the incumbent stakeholders. It leads to higher FCR (Feed Conversion Ratio), SR (Survival Rate), and Harvest, making it such a killer flywheel,” commented Aldi Adrian Hartanto, Partner of Arise. Apart from eFishery, Jala, and Aruna, DELOS is the most recent Indonesian aquaculture firm to get outside finance.

MDI Ventures Investments

52 Investments

MDI Ventures has made 52 investments. Their latest investment was in PrivyID as part of their Series B on October 10, 2021.

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MDI Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/26/2021

Series B

PrivyID

$17.5M

No

3

9/30/2021

Seed VC

Luwjistik

$1.1M

Yes

4

9/22/2021

Series B - II

Evermos

$10.5M

Yes

2

7/22/2021

Series A - III

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$99M

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10

7/16/2021

Series A

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$99M

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10

Date

10/26/2021

9/30/2021

9/22/2021

7/22/2021

7/16/2021

Round

Series B

Seed VC

Series B - II

Series A - III

Series A

Company

PrivyID

Luwjistik

Evermos

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Amount

$17.5M

$1.1M

$10.5M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

4

2

10

10

MDI Ventures Portfolio Exits

5 Portfolio Exits

MDI Ventures has 5 portfolio exits. Their latest portfolio exit was FinAccel on August 03, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/3/2021

Acq - Pending

$991

4

00/00/0000

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10

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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$991

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10

Date

8/3/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acq - Pending

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

4

10

10

10

10

MDI Ventures Fund History

3 Fund Histories

MDI Ventures has 3 funds, including Arise Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/6/2021

Arise Fund

$40M

3

8/18/2020

MDI Ventures Tech Startup Fund

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$99M

10

CENTAURI Fund

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$99M

10

Closing Date

8/6/2021

8/18/2020

Fund

Arise Fund

MDI Ventures Tech Startup Fund

CENTAURI Fund

Fund Type

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Status

Amount

$40M

$99M

$99M

Sources

3

10

10

MDI Ventures Team

1 Team Member

MDI Ventures has 1 team member, including current Chief Executive Officer, Nicko Widjaja.

Name

Work History

Title

Status

Nicko Widjaja

Chief Executive Officer

Current

Name

Nicko Widjaja

Work History

Title

Chief Executive Officer

Status

Current

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