TMI, the venture capital arm of Indonesian network provider Telkomsel, in collaboration with fellow CVC MDI Ventures, has made a Series B1 investment in US-based internet-of-things (IoT) company Roambee.
The investment has been made out of the $40-million joint fund the two firms jointly have with Singtel Innov8. The parent company of MDI and Singtel Innov8, Telkom Indonesia and Singtel respectively, are the stakeholders in Telkomsel.
