Menu
KrASIA
News

Indonesia’s Mandiri Capital names Joshua Agusta its new director

Written by Khamila Mulia Published on 

Share
Prior to landing his new role, Agusta was a vice president of investment at MDI Ventures

Mandiri Capital Indonesia, the corporate VC arm of Bank Mandiri, has appointed Joshua Agusta as its director of venture fund investments to lead fundraising, LP management, structuring fund vehicles, and the investment operations of Mandiri Capital’s new fund. According to his LinkedIn post, Agusta officially started his new position on December 1st.

The venture fund is a new vehicle for Mandiri Capital to raise funds from multiple investors. “By far, Mandiri Capital has successfully managed up to USD 100 million from Bank Mandiri’s balance sheet, with decent return performance. The venture fund is Mandiri Capital’s growth plan in terms of increasing its fund size and expanding its investment horizon,” Agusta told KrASIA.

Joshua Agusta, the new director of venture fund investment at Mandiri Capital Indonesia, photo courtesy of Agusta

Agusta is a no stranger to the Indonesia VC community. Prior to his new role, he was a vice president of investments at MDI Ventures, the corporate venture capital arm of Indonesia’s largest telco company, Telkom Indonesia. Seven of MDI Ventures’ portfolio companies made exits during his stint at the firm. He was also involved in industry and market research where he co-led MDI Ventures’ two white paper publications, Agusta said.

Mandiri Capital was founded in 2015. The firm has invested in 13 startups including state-owned mobile wallet LinkAja, digital signature startup PrivyID, and peer-to-peer lender KoinWorks. More recently, Mandiri Capital poured investments into digital financial advisory and wealth management platform Halofina in a pre-series A funding round.

“Next year, our main plan is definitely to raise a new fund with a size as big or bigger than the initial fund which was around USD 75 million. We are targeting early to growth-stage companies not only in the fintech sector, but also other verticals with core angles of banking or financial products such as education, agritech, and so forth,” Agusta said.

Share

You might like these

  • Q&A

    The fund is a signal that the Philippines is ready, says Kickstart Ventures’ Minette Navarette

    By 

    Elyssa Christine Lopez

    21 Oct 2020    02:22 AM

KrASIA InsightsKrASIA Insights

  • They are not made of flesh and blood, but with their perfect looks and polished personalities, virtual influencers like Ava are breaking new ground.

    Q&A

    ‘I’m as real as you think I am’: Q&A with Ava Gram, virtual influencer

    By Yin Lin Tan

    20 Oct 202005:07 AM

Most PopularMost Popular

See All