Indonesia’s MDI Ventures, on Thursday, officially appointed Donald Wihardja as its new CEO. The role has been vacant for 9 months, since former head Nicko Widjaja left to become the new CEO at BRI Ventures.
Wihardja will join the existing leadership team at the venture capital firm, where he will focus on strengthening the relationship with its parent company PT Telkom Indonesia.
“We believe Donald’s multi-year experience in both operating and investing will add more color to our investment style and culture,” Aldi Adrian Hartanto, vice president of investments at MDI Ventures told Kr-ASIA. “In the next year or so, our goal will remain the same as we want to achieve our vision to be the top multi-stage VC fund in Southeast Asia. Thus, Donald will help us to accelerate our fundraising activities to set up more independent associated funds, while also strengthening our organization.”
Wihardja previously held roles in multiple Indonesian tech startups such as e-commerce payment provider 2C2P, the payment solution for gaming Indomog, as well as other tech and investment companies. He became a partner at Convergence Ventures and AC Ventures (after Convergence merged with Agaeti Ventures).
MDI Ventures manages a total of USD 290 million of investment across 3 funds: MDI Fund I, TMI Fund (in collaboration with Telkomsel), and Centauri Fund (a growth fund, in collaboration with South Korea’s KB Investments). The Centauri Fund recently invested in Indonesia’s insurtech Qoala in a Series A funding round.
On the photo (left to right): CEO Donald Wihardja, Managing Partner Kenneth Li, Vice President of Investments Aldi Adrian Hartanto, and Alvin Evander. Photo courtesy of MDI Ventures.