MDI Ventures

We dive into RedDoorz’s profitability push and revisit our analysis of how SEA’s VCs are rethinking their investment tactics as AI reshapes funding.

MDI said the shift reflected continued investor interest in AI despite a broader regional funding slowdown.

State-owned VCs helped build Indonesia’s startup ecosystem. Now, weak exits, fewer deals, and Danantara are forcing them to rethink their role.

Founded in 2015, MDI has backed more than 90 companies across 12 countries and has US$830 million in total committed assets under management.

Former MDI Ventures CEO Donald Wihardja got five years in prison, while former BRI Ventures CEO Nicko Widjaja was sentenced to three years.

TaniFund, an affiliate lender of TaniHub, lost its license in May 2024 due to regulatory issues.

The total disputed investment amounts to around US$25 million.

MDI Ventures is a venture capital firm owned by a state-owned Indonesian bank, highlighting its significance.

The seized land in Bandung spans 4,700 square meters and is valued at over Rp60 billion.

MDI Ventures tells Tech in Asia that it supports the ongoing legal process.