IDN Media Announces Series D . Funding

A media company that focuses on the younger generation IDN Media has completed its series D funding led by Mayapada Group and KMIF, and is supported by East Ventures, OCBC NISP Ventura, Dentsu Group, and V Media Ventures.

"This is just the beginning of our journey. The IDN Media that we are seeing today is only the beginning of our long-term vision. Series D funding is one of the important achievements in our journey, but the struggle to democratize information for all Indonesians will not stop until now. Here. We will continue to work hard to become a healthy company that lasts for more than 100 years, and has a positive impact on society," said Winston Utomo, Co-Founder & CEO of IDN Media.

In the release, it is stated that this fresh fund will not only help IDN Media to increase the number of its users through strategy super app and ecosystems, but also to develop technology, strengthen teams, and execute acquisitions.

"The next 8 years will be very different from the last 8 years that we have lived. After getting series D funding, we have prepared several strategic plans that will be implemented as soon as possible. We are very excited to welcome the new era of IDN Media," said Co. -IDN Media Founder & COO William Utomo.

In 2019, IDN Media has received series C pendanaan funding led by EV Growth – a joint venture capital firm East Ventures, Sinar Mas and Yahoo! Japan; devoted to advanced funding. Also participating in this round are True Digital & Media Platform (part of the Charoen Pokphand group, Thailand) and LINE Ventures. There was no information regarding the amount of funds that were successfully recorded.

Meanwhile while announcing IDN Creator Network (ICE) Last February, it was reported that IDN Media had also received additional investment (undisclosed) from a well-known technology company.

Expand business segmentation

IDN Media wants to transform into a platform that is not only focused on media, but also a place for creators to an influencer to work through the various services and products they have. To DailySocial.id, Winston revealed that in recent years he has seen a massive decentralization transition, where the creative economy is no longer in the hands of a few people, but rather the content creators themselves.

"Understanding these changes, IDN Media believes there must be a platform to help navigate and provide seamless collaboration among content creators. Therefore, we established ICE with a vision to democratize the Indonesian Creator Economy through technology," he said.

Previously in 2021, IDN Media had also released "Fortune Indonesia"Fortune Indonesia is expected to be able to reach the general segment who are interested in knowing more about information developments in business categories such as market, economy, technology, sharia, and several others.

Last May 2022 IDN Media held an event Fortune Indonesia Summit 2022. The event was attended by experts and professionals in various sectors, with discussions about media, digital banks and others.