Malaysia

The discussions in this panel focused on how Malaysian businesses are innovating and finding new ways not only to survive the pandemic but also to become more enduring as they continue to battle the coronavirus threat and anticipate other serious problems that can trample the Malaysian economy once more.

The two VC Funds will provide equity funding to startups with strong growth potential in Malaysia and other Southeast Asian markets, focusing on verticals such as Artificial Intelligence, Fintech, Healthtech, Greentech, Industrialtech, Internet of Things and EdTech.

ReSkills EdTech has recently secured a $1.5 million investment from a group of private angel investors led by JSF Platinum to boost growth plans and stabilize its expansion, especially in the Southeast Asian region.

Orbit Malaysia will actively invest in Series A, industry-leading companies operating in the FinTech, AgriTech, eCommerce, EdTech and HealthTech sectors, and will invest not only in Malaysian startups, but also significantly in other high-growth Southeast Asian startups.

AC Ventures has partnered with Translink Capital and Vertex Force to invest in Dana Penjana Nasional’s Southeast Asia (SEA) Frontier Fund focused on funding promising Malaysian start-ups to, among others, expand into Indonesia and form partnerships within the regional technology ecosystem.

The announcement also comes as Malaysia aims to create more tech startups, unicorns and accelerate M towards becoming an innovation-driven economy.

MakeTimePay has secured an undisclosed funding from Dutch serial-entrepreneur and early stage start-up investor Simon Landsheer. The new funding will be used to grow the company's team, expand its platform capabilities and make investments in customer acquisition.

The companies selected hail from a diverse group of industries and verticals such as Edutech, Fintech, Media, Manufacturing, Cyber Security, FoodTech, and e-commerce.

Taiwan’s largest warehousing infrastructure developer Ally Logistic Property, Co. Ltd. (ALP) is set to invest $1 billion in Malaysia to develop smart warehousing solutions to boost the nation’s logistics industry.

The fund is designed to play a strategic role in supporting Malaysian firms in the high value-added and emerging industry market segments to scale up to their full potential and help attract additional investors to support the expansion of these companies during this economic recovery period.