Mar 12, 2018

Indonesia’s MDI Ventures leads $10m funding round in Australia’s Whispir

Indonesian venture capital MDI Ventures on Monday announced that it has led a $10-million post-Series A funding round in Australian cloud communication platform Whispir.

The venture capital arm of state-owned telco firm Telkom Indonesia was joined by existing investors Telstra Ventures and NSI Ventures in the latest funding round.

The investment follows MDI Ventures’ funding in local B2B AI platform KataAI and Singapore-based cloud communications platform Wavecell last year.

“As we keep expanding our unified communications in our portfolio (Wavecell, Kata.ai), Whispir brings a new category into the mix by building an intelligent and automated engagement platform for enterprises to use,” said MDI Ventures CEO Nicko Widjaja in an official company statement.

Whispir enables users within businesses to build their own ‘drag and drop’ communications micro applications. The startup has a presence in Australia, Asia, and Americas and claims to cater to more than 450 enterprise clients worldwide. The Australia-based firm recently opened its Southeast Asia office in Singapore.

Whispir said that the proceeds of the funding will be used to expand to Indonesia and rest of Southeast Asia, and for technology development. It plans to expand to Indonesia via TelkomTelstra, a joint venture company between Telkom Indonesia and Telstra, an Australian provider of mobile phones, mobile devices, home phones and broadband internet.

“We are excited to be able to work together with both Telkom Indonesia and Telstra in this market. Smart businesses everywhere in Indonesia are already starting their digital transformation. Whispir will be able to provide an instant, achievable and cost-effective technology migration path,” said Whispir founder and CEO Jeromy Wells.

Fellow cloud communication startup Wavecell, also backed by MDI Ventures, has previously also identified Indonesia as a key market and says it will collaborate with business units under Telkom Group to drive its business in Southeast Asia’s largest market.

(Ardi Wirdana/Deal Street Asia)