JAKARTA - PT Metrodata Electronics Tbk (MTDL), is ready to broaden its steps to invest in start-up companies with priority in Indonesia. MTDL has signed an agreement in the form of a subscription agreement in the amount of USD 500,000. In this investment, MTDL partners with Arise Fund as the Fund Entity and Metra Digital Innovation Pte Ltd (MDI) as the Fund Manager.
Susanto Djaja as the President Director of MTDL said, “MTDL is part of the digital ecosystem. We have a grand purpose to fully support the digital transformation in Indonesia. Now, recognizing the growth potential comes from start-up companies with strong local market presence, it will be a good opportunity to create sustainable synergy with these startup companies.”
The funds of USD 500,000 will be deposited gradually according to the investment needs based on the Capital Call from the Arise Fund.
The investment is in line with MTDL’s grand strategy to be fully involved in Digital Transformation in Indonesia. It does not rule out the possibility that MTDL will make further investments and obtain value-added investment in companies that have been invested by Arise Fund and MDI. (LM)