Mavcap seeks corporates to help form three new funds

Jul 12, 2016 • Robert Lavine

The Malaysian government-owned venture firm plans to raise $250m for three new technology funds and will look to collaborate with local and international corporates.

Venture capital firm Malaysia Venture Capital Management (Mavcap) plans to collaborate with corporate limited partners to raise $250m for three new funds, The New Straits Times reported on Saturday.

Founded in 2011 by the Malaysian government, Mavcap has invested a total of over RM1bn ($250m) in more than 160 companies in its home country and across Asia. Its focus is on ICT technology developers.

Mavcap intends to partner corporates to leverage the help of domestic and international corporates to launch…

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