Cradle Seed Ventures
Cradle Seed Ventures has announced its investment in Malaysian startup Involve Asia, in a co-investment deal with 500 Startups.
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.
Karamjit Singh focuses his thoughts on the startup scene, which welcomed Singapore’s billionaire investor Peter Lim, Cradle’s overdue seed fund, a look at how the venture industry in Malaysia did in 2014 and a few new details from Singapore’s Infocomm Media Masterplan. DNA also kicked off its Telco Deep Dive 2015.
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.