MDI launches healthcare fund with Indonesian strategic
MDI Ventures, the corporate VC arm of state-controlled Telkom Indonesia, has launched a USD 20m fund with domestic vaccine manufacturer Bio Farma that will pursue early and growth-stage healthcare investments.
State-owned Bio Farma will serve as LP and provide the entire corpus. It will also provide strategic support to portfolio companies, leveraging its resources to act as a go-to-market channel. To this end,...
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