MDI Ventures, the corporate venture capital (CVC) arm of Telkom Indonesia, plans to rope in foreign limited partners and transform into a global fund.
State-owned Telkom Indonesia’s strategic portfolio director Budi Setyawan Wijaya told DealStreetAsia that MDI Ventures will raise funds not just from the Telkom Group, but also from global companies. “We are in talks with some global companies, one of them is [San Francisco-based impact investor] Patamar Capital,” Wijaya told DealStreetAsia during a press conference on Tuesday.