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2018 News Archived

Dec 17, 2018 Ministry Regulates Digital Signature Vendors
The Communications and Information Ministry is closely monitoring startups that provide digital signatures services to prevent any misuse, an official has said.
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Dec 13, 2018 MDI Recently Held Our First Luncheon Event in December 2018
In mid December MDI Ventures held our very first closed doors luncheon event where we invited a series of startup investors from venture capital firms, private equity firms and angel investors to share each of our insights and opinions regarding the local tech industry
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Dec 7, 2018 Closing The Series B Onwards Funding Gap in Indonesia
The WILD DIGITAL Conference is a platform created for internet leaders to come together and share their bold and wild visions for building great disruptive companies. It brings together top internet players, entrepreneurs, founders, chief executives and investors to gain insights into the future of technology ...
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Nov 22, 2018 Remittance start-up InstaRem raises over US$20m, aims for IPO in 2021
Singapore-based remittance start-up InstaRem has raised over US$20 million (S$27.5 million) for the first close of its Series C round.
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Nov 14, 2018 Geniee and Telkom Group Sign Global Comprehensive Agreement
Geniee International Pte. Ltd. (Headquartered in Singapore, Director: Tomoaki Kudo (hereinafter "GI")), a consolidated subsidiary of Geniee Corporation (Headquartered in Shinjuku-ku, Tokyo; President and CEO: Tomoaki Kudo , and PT Metra-Net (Headquartered in Jakarta Selatan, CEO: Widi Nugroho), a subsidiary of ...
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Oct 29, 2018 Singapore’s mClinica partners with Philippines FDA to create country’s first national health database
In partnership with the Philippines FDA, Singapore-based startup mClinica is helping the Philippines create its first integrated national health information system. More than 23 million prescriptions will be digitized each month, offering an immense amount of data. Such information can be used to understand disease ...
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Sep 19, 2018 Wellington tech start-up Postr quadruples growth
A Wellington tech start-up that lets people "hire out" their cellphone lock screens to advertisers in exchange for free data has seen its revenue growth quadruple in half a year. Postr, which was founded four years ago, has launched with three international telecoms carriers in the past year, including with ...
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Sep 7, 2018 E-commerce enabler aCommerce considers IPO as early as 2020
Southeast Asian firm aCommerce, which provides support services for e-commerce companies, like IT services, fulfillment, and logistics, says it’s aiming to file for an initial public offering (IPO) as early as 2020. In today’s press release, the firm said it’s considering the boards of the Singapore Stock Exchange ...
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Aug 30, 2018 Partnership with Grab Velocity (Grab Ventures Accelerator)
Grab announced a programme called Grab Ventures Velocity, to specifically support Indonesian startups in scaling stage, in support and partnership from the Ministry of Communication and Information Technology (Kominfo), Creative Economy Agency (BEKRAF), Amazon Web Services (AWS) and MDI Ventures, Telkom Indonesia’s ...
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Aug 6, 2018 Loft Orbital Announces inSpace Mission Partner Program to Standardize Access to Space
Loft Orbital Solutions, a provider of Space Infrastructure as a Service, announced this week that it has signed agreements with over 20 companies to join its inSpace Mission Partner Program as inaugural members. inSpace partners are companies across the space value chain with whom Loft Orbital will collaborate ...
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Jul 25, 2018 Kredivo raises $30M to build a digital credit card for Southeast Asia
The company launched its ‘Kredivo’ service two years ago to help consumers pay online in Southeast Asia, where credit card penetration is typically low, and it is essentially the combination of a digital credit card and PayPal.
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Jul 5, 2018 Anchanto raises $5.5m in ongoing Series C round
Singapore-based logistics and selling platform Anchanto has raised US$4 million ($5.5 million) in the first round of its ongoing Series C investment, led by Telkom Indonesia's corporate venture capital arm, MDI Ventures.
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Jun 21, 2018 Indonesia's Biggest Fund Shares all About The Country's Startup Ecosystem
It’s the world’s fourth most populous country, with an economy standing tall at 16th largest in the world. And now, Indonesia is fast developing a start-up ecosystem that could be of envy to others.
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Jun 20, 2018 Roambee raises $2 million to secure internet of things supply chain
Roambee uses the internet of things, or making everyday objects smart and connected, to help companies track assets through the supply chain. Now the Santa Clara, California-based startup has raised $2 million from MDI Ventures, Telkom Indonesia’s corporate venture capital firm.
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Apr 24, 2018 Investors Betting on Already Winning Horses in Indonesia: MDI Ventures’ Widjaja
As the Indonesian government continues to make serious efforts to attract startups to be listed at the Indonesian Stock Exchange (IDX), it will have to fight off a new trend in startup consolidation which may prove to be a preferred exit option for startups, according to MDI Ventures CEO Nicko Widjaja.
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Apr 22, 2018 Corporate funds will shake up Indonesian VC model
Injecting capital into a nascent market is no longer enough to succeed. Traditional venture capital funds are slowing in Indonesia's technology sector, despite a digital boom.
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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.
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Feb 13, 2018 Adtech startup Postr closes $2.5m round led by Singapore’s Koh Boon Hwee
The round was joined by MDI Ventures, the corporate venture capital (CVC) arm of Southeast Asian telecom operator Telkom Indonesia, and return backers NZVIF (The New Zealand Venture Investment Fund) and Sir Stephen Tindall’s K1W1.
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Jan 27, 2018 First Indonesia Startup in Silicon Valley: Payfazz
Since we’ve first started our journey in 2016, we’re committed to empower Indonesia’s startup ecosystem. Our philosophy is “more scale-ups, not start-ups” when it comes to growing home talents. Thus, when we set up Silicon Valley - Indonesia connection, we realized that it has to be a ‘dual-track’ (so to speak).
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