The conglomerate has formed a fund called Sun Sea Capital to make early-stage investments in Southeast Asian technology developers.
Diversified Malaysia-based conglomerate Sunway is raising $50m for a corporate venture capital vehicle, the New Straits Times reported on Tuesday.
Sunway initially announced plans for the vehicle through a stock exchange filing without disclosing financial details. It plans to put up $5m for the unit, dubbed Sun Sea Capital, according to the Times, and the filing stated it will pursue external funding.
Sun Sea, an entity that could be related to Singapore-based internet group Sea, is the general partner…
