KUALA LUMPUR: Sunway Group and Indonesia’s leading venture capital (VC) firm, Kejora Capital has launched a US$25 million (US$1=RM4.17) Orbit Malaysia Fund, focusing on early-stage Malaysian startups.
In a statement today, Sunway said Malaysia Venture Capital Management Bhd (MAVCAP) will act as an anchor investor and the fund will actively invest in Series A financing, not only in Malaysian startups but also significantly in other high-growth Southeast Asian startups.
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