MDI Ventures, Finch Capital launch $40m Indonesia-focused early-stage fund

MDI Ventures, the venture arm of state-owned telecom firm Telkom Indonesia, has teamed up with fintech-focussed VC firm Finch Capital to launch a joint early-stage vehicle targeting a corpus of $40 million.

The fund, called Arise, will be structured as a joint venture between the two firms and will invest in Indonesia-focused tech startups particularly those at the post-seed or pre-Series A stages.

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