Yet more funding for startups courtesy of 500 Durians II, and DNA takes What’s Next to Jakarta with IDC as Knowledge Partner.
Mavcap & 500 Startups expect more follow-on funding from the US$50 mil 500 Durians II fund
So Grab raises a record breaking US$750mil. Is an IPO option the only path available with a trade sale not likely?
Cradle Seed Ventures picks Mavcap executive, Dzuleira Abu Bakar as its new CEO, replacing Aziz Hussein.
Singapore makes clear the importance of technology and innovation in its Budget 2016, while SEA startups receive a US$15mil boost from the SuperSeed Fund.
Mavcap and Gobi Partners launched their US$15mil Gobi Mavcap Asean SuperSeed Fund, and they are already contemplating increasing the size of the fund.
Indonesia and Malaysia have agreed to work together to develop both countries’ digital economy and startup ecosystem.
Malaysian bioinformatics company iGene Sdn Bhd said it has signed a memorandum of collaboration with GCS Agile Australia to establish a network of digital autopsy facilities in Australia.
The Malaysian Government’s VC arm Mavcap may see its allocation for investments reduced by as much as half, said its CEO.
2015 was a year of progress for the Malaysian tech ecosystem, especially when it came to startups, but whether the good news outweighed the bad is debatable, according to the panellists at the first Digital News Asia (DNA) Disrupt monthly networking event of 2016.