Fresh venture capital to provide access for Series A funds

Fresh funds: Sunway Bhd’s CFO and director of Sunway City Sdn Bhd, Chong Chang Choong (third from left) shaking hands with director of Sun SEA Capital, Saito, as (from left) Sun SEA Capital principal ST Chua, Chew, and Sun SEA Capital directors Evan Cheah and Lee Soong Hwa look on.

THE Sunway Group is expanding its foothold in the startup scene with the recent establishment of a new venture capital fund, Sun SEA Capital LP.

The conglomerate, via it’s wholly-owned subsidiary Sunway City Sdn Bhd, signed an Initial Exempted Limited Partner Agreement last week to set up the fund with a proposed investment of US$5mil.