Cradle Fund has grown its co-investment programme fund size to RM107.2 million (US$25.11 million) after tying up with four additional partners: Senior Marketing System Asia, East Ventures SEA 2, MOC Capital and Qeerad Holdings.
There was less buzz than usual when GrabTaxi raised its largest round so far, a whopping US$350 million! Is it a case of funding fatigue, or because GrabTaxi is an entirely different creature now, DNA founder Karamjit Singh ponders.
Malaysian Business Angel Network (MBAN) hopes that its members will make about RM10 million (US$2.6 million) worth of investments over the next 12 months, partly helped by the network’s collaboration with London Business Angels (LBA).
OSK Ventures International Bhd has made its first-ever investments into Malaysian startups, and it intends to bring more than just money to the table, reports Goh Thean Eu.
Some may see the recent launch of Cradle Seed Ventures Pte Ltd as an initiative to encourage public-private partnership on the domestic startup funding front, but the move has a much bigger agenda: To prevent, or at least to minimise, the number of good deals flowing out of Malaysia.
After many months of planning, discussions and getting feedback from various stakeholders, the much-awaited Cradle Seed Ventures Pte Ltd has finally launched, with RM40mil in its coffers and 30 to 40 startups in its sights.
The funding floodgates haven’t opened for the Malaysian startup ecosystem and we haven’t seen the ‘silly deals’ we expected, writes DNA executive editor A. Asohan, who believes it’s time for the corporate world to step up.
From an engineer who could not land a job in Kuala Lumpur, Faiz Al-Shahab is now running a promising South-East Asian e-book and interactive content portal that has successfully raised funding and hit almost US$270,000 in revenue last year. Karamjit Singh has the story.
Education services provider Sync and recruitment portal MauKerja have each raised RM1 million (US$275,000) from Cradle Fund Sdn Bhd and OSK Technology Ventures Sdn Bhd, a wholly-owned unit of OSK Ventures International Bhd (OSKVI).
Multimedia Development Corporation (MDeC) has officially launched the MSC Malaysia for Startups programme to facilitate and accelerate local startups in obtaining MSC Malaysia status.