Company: MDI Ventures
Company Description: MDI Ventures is a multi-stage Venture Capital firm backed by Telkom Indonesia with offices in Indonesia, Singapore, and the United States with extended offices in Europe and South Korea. Since 2016, MDI has been trusted in managing multiple funds with total assets under management US$ 830 Mn and so far has invested in over 50+ companies across 12 countries.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Financial Services - Small
 Nomination Title: MDI Ventures
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since 1 January 2020, OR written answers to the questions for this category? (Choose one):
A video of up to five (5) minutes
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
MDI Ventures - Global Multi-Stage VC Firm for Local Founders
https://mdi.vc/
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 58 words used.
MDI Ventures is a multi-stage Venture Capital firm backed by Telkom Indonesia with offices in Indonesia, Singapore, and the United States with extended offices in Europe and South Korea. Since 2016, MDI has been trusted in managing multiple funds with total asset under management US$ 830 Mn and so far have invested over 50+ companies across 12 countries.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2020 that you wish to bring to the judges' attention (up to 250 words):
Total 108 words used.
In 2021, MDI made several achievements, including;
- Increase in Average Money Multiple for investment in 2021 by 2.19x (audited report by KPMG attached)
- Net Profit increased from 2020 to 2021 by 319% (audited report by EY attached)
- Synergy valuation reaches US$ 151 Mn
- The asset used for investment activities increased by 166% (report attached)
- Successfully produced 3 new unicorn startups (Kredivo, Nium, and MPL) and 1 IPO startup (Run System) on the Indonesian Stock Exchange: RUNS
- New fund management activities, including the launch of Merah Putih Fund
- Secure the first close on Centauri and Arise funds
- Has 50 angel investors who join the eMerge angel investor network.
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 39 words used.
MDI has outperformed most CVC peers to date, but room to grow further as global VC to outperform SEA VC peers with 34% IRR is in the top 4% of CVCs IRR (refered to BCG updates - file attached)
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 45 words used.
For the following reference, please see file attached:
- Increase in Average Money Multiple for investment in 2021 by 2.19x (audited report by KPMG attached)
- Net Profit increased from 2020 (US$ 178,9Mn) to 2021 (US$ 750,4Mn) by 319% (audited report by EY attached)
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