ECM Straits Fund
DNA founder Karamjit Singh sees a link to Malaysia’s Vision 2020 developed nation target in two of the stories DNA ran this week, both about efforts to plug specific gaps.
Annelutfen, an Istanbul-based e-commerce business for baby and mother products, announced that last month it completed a US$4-million investment round led by Elixir Capital’s ECM Straits Fund.
US-based big data analytics company aWhere, which focuses on the agriculture market, closed a US$7mil equity round with an investment from Elixir Capital where Mavcap has an interest via its participation as lead investor in Elixir's ECM Straits Fund.
Elixir Capital, which together with Mavcap launched the US$50-million ECM Straits Fund in January, is about to announce its first investment. Its managing director Abrar Hussain shares some observations he has made from his team’s meetings with almost 200 companies.