# MDI Ventures

> MDI Ventures is a VC fund in Jakarta backing Software and E-Commerce. See 123 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Jakarta, Indonesia
- Total investments: 123
- Last investment: May 2025
- Lead investor: 46%
- Last fund: Sep 2023
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/mdi-indigo-ventures
- Website: http://www.mdi.vc

MDI Ventures is a VC fund in Jakarta focused on Software and E-Commerce. MDI is a corporate venture capital initiative by Telkom Indonesia and is set as an independent entity with its own funding processes. MDI uniquely combines a VC model with service in providing companies with access to operational help after making a financial investment.MDI works closely with global accelerators and venture firms to bringproprietary technology from other mature markets into various businesses of Telkom Indonesia.

## Contacts

5 contacts available for MDI Ventures. Shizune tracks 11 team members at MDI Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/mdi-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $600k–$6.4M |
| Series A | $3.5M–$35M |
| Series B | $8.2M–$66M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 19 | 15% |
| E-Commerce | 14 | 11% |
| FinTech | 13 | 11% |
| Information Technology | 13 | 11% |
| Financial Services | 12 | 10% |

148 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 29 | 24% |
| Series B | 22 | 18% |
| Series A | 16 | 13% |
| Series C | 15 | 12% |
| Funding Round | 11 | 9% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Indonesia | 45 | 37% |
| Singapore | 15 | 12% |
| United States | 10 | 8% |
| South Korea | 3 | 2% |
| Australia | 2 | 2% |

11 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Alvin Evander | VP of Business Development | 0 | https://shizune.co/investors/profile/alvin-evander |
| Donald Wihardja | CEO | 19 | https://shizune.co/investors/profile/donald-wihardja |
| Kyle Kling | US Investment Manager | 8 | https://shizune.co/investors/profile/kyle-kling |
| Winston Adi | VP of Portfolio Management | 2 | https://shizune.co/investors/profile/winston-adi |
| Aditya Hadiputra | Principal | 0 | https://shizune.co/investors/profile/aditya-hadiputra-hadiputra |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Whale | Whale provides an omnichannel marketing platform that transforms marketing operations, digitalizes store operations and unifies offline & online brand experiences leveraging AI + IoT + Big Data to “Connect Brands with Customer”.Founded in 2017, Whale has since empowered 400+ global FMCG, F&B, Fashion and Automotive brands includingP&G, Unilever, Starbucks, UNIQLO, ARMANI, Watsons, Xiaomi, Midea, Lotus, POP MART etc. with over 150,000 stores across APAC, enabling brands to embrace the full potential of digital transformation.Equipped with AI capabilities, patented ReID technology and enterprise-grade security, Whale platforms comprising of Space Data Platform (SDP), Whale Marketing Cloud (WMC), Whale Open Platform (WOP) and Whale Analytics, serve as the end-to-end digitalization engine that enables brands to seamlessly engage with each customer.Whale is backed by Temasek Holding, NIO Capital, Source Code Capital, Linear Capital, Alpha Commune, BAI Capital and The Jiangmen, with 6 offices across Singapore, Hangzhou, Shanghai, Beijing and Shenzhen. | $60M | Series C | May 20, 2025 |  |
| Deskera | Deskera Cloud ERP is a fully integrated Cloud ERP Suite designed to run your business on the cloud. Its solutions allow SMEs to track finances, manage customers, and hire and manage employees.Its modules include Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Manufacture Resource Planning (MRP), Project Management (PM)and Human Capital Management (HCM). The application is a complete business suite that has all the features you will ever need to run your business. Deskera was founded in 2008 and is based in San Jose, California with offices in Singapore, Malaysia, Indonesia, and India. |  | Series B | Jul 16, 2024 |  |
| DayaTani | DayaTani supplies farmers with comprehensive services to increase their productivity. | $2.3M | Seed | Jan 16, 2024 |  |
| Good Doctor Technology Indonesia | Good Doctor Technology Indonesia is building a digital health ecosystem. The aim is to connect healthcare professionals with patients in delivering high-quality health services, thus improving the accessibility of healthcare without being constrained by time and geographic boundaries. | $10M | Series A | Oct 09, 2023 |  |
| Genexyz | GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans. | $1M | Seed | Aug 02, 2023 |  |
| AssistX Enterprise | Transforming the way businesses operate with cutting-edge AI technology. | $4M | Seed | May 02, 2023 |  |
| Cakap | Cakap is an upskilling platform that enables 2-way learning interactions between students and professional teachers. Cakap is an application that enables a 2-way interaction between life-skill learners and professional tutors around the Asia Pacific via video call and text conversation. CAKAP delivers high-quality education that is accessible,acceptable, affordable for people. and will be able to elevate people’s lives by enabling skill enhancement for everyone, from anywhere, at any time. | $7.5M | Series C | Apr 12, 2023 |  |
| Legit Group | Legit Group is a multi-brand cloud kitchen operator that strives to provide everyone with tasty, hearty quality meals. It examines every detail of the process, beginning with its R&D facility and continuing through its Central Kitchen Production House, Cloud Kitchen outlets, and all the way to the customers' doorsteps.It was establishedin 2021 and is headquartered in Jakarta, Indonesia. | $13.7M | Series A | Apr 10, 2023 |  |
| Gaspack | Gaspack supports and empowers creators, artists, and brands from building their IP into NFT projects, from the development phase to the launching, scaling, and maintaining them as sustainable businesses. |  | Pre-Seed | Mar 14, 2023 |  |
| Jente | Jente provides a B2B service that connects boutiques with domestic companies. The company's online platform offers distinct products that become trendsetters as a result of rapidly discovering and sourcing new brands, allowing clients to quickly bring new products from boutiques. |  | Venture - Series Unknown | Jan 01, 2023 |  |

10 of 123 investments shown.

## Co-investors
- [ARISE](https://shizune.co/investors/profile/arise-vc) — VC Fund, 18 deals together
- [Centauri Fund](https://shizune.co/investors/profile/centauri-fund) — VC Fund, 14 deals together
- [Mandiri Capital Indonesia (MCI)](https://shizune.co/investors/profile/mandiri-capital) — VC Fund, 12 deals together
- [East Ventures](https://shizune.co/investors/profile/east-ventures) — VC Fund, 9 deals together
- [Central Capital Ventura](https://shizune.co/investors/profile/central-capital-ventura) — VC Fund, 8 deals together
- [Telkomsel Mitra Inovasi](https://shizune.co/investors/profile/telkomsel-mitra-inovasi) — VC Fund, 8 deals together

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## FAQ

### What does MDI Ventures invest in?

MDI Ventures invests primarily in Software, E-Commerce and FinTech startups, most often at Seed and Series B stage. Most of the 123 investments tracked by Shizune back companies in Indonesia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is MDI Ventures's check size?

MDI Ventures typically joins rounds of $600k–$6.4M at Seed, $3.5M–$35M at Series A and $8.2M–$66M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds MDI Ventures participates in.

### How do I contact MDI Ventures?

Public channels for MDI Ventures include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at MDI Ventures?

The team at MDI Ventures includes Alvin Evander (VP of Business Development), Donald Wihardja (CEO) and Kyle Kling (US Investment Manager), among 11 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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