Chief executive officer (CEO) Shahril Anas Hasan Aziz (pic) said the new VC funds would further strengthen Mavcap’s aspiration to help local startups grow their businesses and excel with a view towards becoming technology unicorns and tapping into regional growth opportunities.
KUALA LUMPUR: Malaysia Venture Capital Management Bhd (Mavcap) will provide equity funding to local and regional startups via two new venture capital (VC) funds, namely the Orbit Malaysia Fund I and the Ficus SEA Fund, with a total target fund size of RM160mil collectively.
It said the funds would be focusing on verticals such as artificial intelligence (AI), financial technology (fintech), healthcare technology, green technology, industrial technology, Internet of Things (IoT) and educational technology.
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