MDI Ventures is a corporate venture capital arm of Telkom Indonesia, the largest telecommunication company in Indonesia. Established in 2015, MDI Ventures provides seed to growth capital for early-to mid-stage companies in Southeast Asia and globally. It currently has a total of US$830 million in assets under management across five funds, and are managing 43 companies in their portfolio with 8 exits in total, putting MDI Ventures as the venture capital firm in the country with most exits. MDI Ventures also collaborates with Telkom Indonesia to manage Telkom Indonesia’s incubation and accelerator program called Indigo Creative Nation program, with a purpose to develop the Indonesian startup ecosystem by accelerating the growth of early-stage startups through seed financing and mentoring. However, most of their startups which are part of the program are having a hard time raising their Series A financing. The primary data gathered is from interviewing three startups from the program and spreading questionnaires to venture capital professionals. For the analysis, Bell-Mason Diagnostic tool is used to analyze the gap on the twelve dimensions of each company. Turns out that these three companies need to fix their three dimensions, and MDI Ventures is going to do value-adding activities to help these three companies in closing the gap in each respective dimensions.