Conglomerate Sunway helped establish venture capital vehicle Orbit Malaysia, which has secured the state-owned Mavcap as anchor investor.
Malaysia-headquartered conglomerate Sunway Group is launching a $25m venture capital fund with Indonesia-based investment firm Kejora Capital, DealStreetAsia reported on Wednesday, citing an official statement.
Orbit Malaysia fund will invest in startups developing agricultural, financial, education, e-commerce and healthcare technology at series A stage. It will primarily target Malaysia and wider Southeast Asia, and plans to help portfolio companies scale on an international level.
Government-backed venture capital firm Malaysia Venture Capital Management (Mavcap) is anchor investor for the vehicle, which…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
