Malaysian angels expected to invest US$3mil over next 12mths
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).
OSKVI’s game-plan for its first Malaysian startup investments
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.
Cradle out to plug deals outflow with seed venture initiative
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.
18 months later, Cradle Seed Ventures finally launches
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.
Week in Review: Of funding, courtship and zombies
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.
Xentral Methods bets on e-book market
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.
Sync, MauKerja raise RM1mil each from Cradle co-investment pact
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).
MDeC announces ‘MSC Malaysia for Startups,’ support from MaGIC
Multimedia Development Corporation (MDeC) has officially launched the MSC Malaysia for Startups programme to facilitate and accelerate local startups in obtaining MSC Malaysia status.
Ebizu gets US$139K Cradle funding, also stepping up regional expansion
Digital retail solutions provider Ebizu Sdn Bhd said it has been awarded CIP 500 funding by Cradle Fund Sdn Bhd, the Malaysian Ministry of Finance non-profit that provides early-stage funding.
Cradle co-investment move hits US$16mil mark with new investors
Cradle Fund Sdn Bhd has signed up another five partners for its Co-Investment Partners programme, doubling the total combined funding under the programme to about RM56.7 million (approximately US$16 million) from RM28 million.