Malaysia Venture Capital Management Bhd (MAVCAP), Malaysia’s largest venture capital firm, is investing as a limited partner in Vynn Capital‘s latest Mobility and Supply Chain Fund.

This collaboration underscores MAVCAP’s dedication to advancing technological frontiers in Malaysia and Southeast Asia, the companies said in a joint statement on Tuesday.

According to the statement, MAVCAP’s decision to participate as an investor in Vynn Capital’s Mobility and Supply Chain Fund reflects its continuous commitment to back local fund managers to nurture pioneering startups in propelling technological advancements in Malaysia and across the region.

It is noted that the Mobility and Supply Chain Fund is one of the few industry focused funds in the region with a targeted fund size of $30 million.

It aims to revolutionize Southeast Asia’s technology landscape by fostering innovation in mobility and supply chain solutions.

Vynn Capital, a Malaysian-homegrown venture capital firm, created this innovative fund to address the emerging challenges and opportunities in the region’s mobility and
supply chain sectors.

The fund will invest in Southeast Asia focused early-stage startups that are raising Seed to Series A rounds.

“MAVCAP is thrilled to join forces with Vynn Capital in supporting the Mobility and Supply Chain Fund,

“This collaboration aligns with our mission to catalyze innovation and growth in Malaysia and across Southeast Asia,” said Shahril Anas bin Hasan Aziz, Chief Executive
Officer of MAVCAP.

It is noted that with experienced partners backing the fund, startups will be able to gain access to essential resources and expertise to drive groundbreaking solutions for the future of vehicle and transport infrastructure.

According to the statement, the Mobility and Supply Chain Fund will also seek to address the current challenges of creating a more sustainable and greener environment by applying technological solutions.

The duo opined that this would make Malaysia, a frontrunner in creating an ecosystem that encourages further innovation in the mobility industry.

This also aims to foster increased regional collaboration by investing in companies that are strategically targeting the broader Southeast Asia market, they said.

“As one of the most experienced venture backers in the region, MAVCAP will continue to provide us access to institutional networks, allowing us to provide better support to our portfolio companies,

“This is especially important in the world of constantly changing market dynamics,” said Tunku Ali Redhauddin ibni Tuanku Muhriz, Partner at Vynn Capital.

Additionally, the fund received support from Sime Darby Berhad, enabling more private partnerships and industry players to invest into technology companies which will
invigorate the future of mobility across Southeast Asia.

Established in 2001, MAVCAP has a portfolio value of almost MYR 5 billion ($1.06 billion) in the funds that the firm and its private sector partners manage.

As a government-backed venture capital under the purview of the Ministry of Finance and Ministry of Science, Technology and Innovation, MAVCAP has been championing the government’s mandate by developing local venture capital talent, creating local venture capital companies and attracting foreign venture capitals and funding into Malaysia.

Vynn Capital is an industry focused early-stage venture capital firm founded with the objective of bridging the gap between traditional industries and the new economies through the development of technology.

The firm’s investment philosophy revolves around the creation of synergistic value between portfolio companies and companies within the firm’s ecosystem, such as Marubeni, Sime Darby Berhad and others.

Beyond investing, Vynn Capital assists its investors or limited partners in understanding new industries and markets with its localized team and network across the major cities of Southeast Asia.

Gobi Partners and MAVCAP works with Paywatch to address demand for earned wage access