RHL Ventures seek to invest in local startups

KUALA LUMPUR: Malaysia-based private investment firm RHL Ventures is actively seeking to invest in local startups with high potential in scaling their innovations in the domestic and global markets through the launch of its accelerator programme.

Co-managing partner Rachel Lau said the firm has two funds with the size of RM100mil and US$100mil which have been 25% utilised.

“We still have money to spend. Our focus with the accelerator programme is to build up Malaysia’s entrepreneurial and investment ecosystem as well as to look for startups that are innovative and disruptive, ” he said at the launch of RHL Ventures’ new office.

Lau said with Malaysia’s innovation landscape now being more vibrant and dynamic, the company is looking forward to identify and work with the country’s best and most forward-thinking businesses, as well as help them become local and global champions. — Bernama

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