Sunway Group has joined Gobi Partners and Mavcap in Malaysia SuperSeed Fund II, which will invest at pre-series A stage.
Diversified conglomerate Sunway Group has partnered venture capital firms Gobi Partners and Malaysia Venture Capital Management (Mavcap) to launch a $10m Malaysia-based microfund.
The vehicle will invest in Malaysia-based companies at seed and pre-series A stage, and intends to participate in between 25 and 30 deals. It is the successor to the Gobi-run ASEAN SuperSeed Fund.
Malaysia SuperSeed Fund II is targeting technology areas such as artificial intelligence, big data, fintech, e-commerce and online marketplaces, cloud services, the internet of…
