Hibiscus Fund for local tech start-ups

KUALA LUMPUR: Venture capital firm RHL Ventures Sdn Bhd (RHL) aims to fully distribute the Hibiscus Fund which is expected to close at around RM300mil this year, half of which to be set aside for Malaysian technology-linked start-ups.

RHL co-founder and managing partner Rachel Lau said Malaysia is seen to be an appealing market in terms of risks and rewards.

Lau said since its inception in 2016, RHL has been focusing on the South-East Asian technology space. — Bernama