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.

Also Read:

India: Cloud services platform Route Mobile files IPO papers to raise $94m

Australia Dealbook: Whispir gets $8.95m funding ; MSM Corporation raises $3.8 m

Indonesia: Telkom’s MDI Ventures joins $3.2m round in US startup Loft Orbital

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.