Southeast Asia has potential to attract more venture capitalists - KWAP

KWAP chief investment officer Hazman Hilmi Sallahuddin

KUALA LUMPUR: Southeast Asia (SEA) possesses the potential to attract an increasing number of venture capitalists as the valuation gap among regional startups converges, according to Retirement Fund (Incorporated) (KWAP) chief investment officer Hazman Hilmi Sallahuddin.

Hazman said the region is witnessing growing interest from capital locators and investors as valuations undergo downward adjustments.