Investments by new venture debt firms a chance for club/syndicated deals MDV well positioned to continue as catalyst for venture debt growth
6 fund managers to be chosen, investing in four growth stages Prior track record required, demonstrate fundraising abilities On Fri, Sept 11, Penjana Kapital Sdn Bhd released a Request for Proposal (RFP) process for the Dana Penjana Nasional fund of funds programme, to select venture capital fund managers.
UOB and Temasek joint venture InnoVen Capital said it has signed two venture debt financing agreements with two startups: Malaysian fitness-sharing platform KFit and Thai online fashion startup Pomelo Fashion.
DBS Bank has launched a programme to provide financing to tech startups, although it did not state how much capital is being set aside for this venture debt initiative.
Now that Malaysian Debt Venture is into its second decade, its CEO Zubir Ansori Yahaya talks about the new direction he wants to take, and the RM40mil fund he aims to launch in 2014.