Malaysia
Malaysia’s Penjana Kapital partners Indonesia’s AC Ventures to pave way for Malaysian start-ups to access $1T Indonesian market
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.
Malaysia launches new technology commercialization agency MRANTI, merging tech-focused agencies TPM & MaGIC
The announcement also comes as Malaysia aims to create more tech startups, unicorns and accelerate M towards becoming an innovation-driven economy.
Malaysia’s gig employment portal MakeTimePay secures “significant” funding from entrepreneur Simon Landsheer
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.
ScaleUp Malaysia announces its Top 20 Companies for its 3rd Cohort
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 ALP to invest $1B to develop smart warehousing parks in Malaysia
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.
Malaysia’s VentureTECH and Japan’s SBI Ventures launch $18M private equity fund to boost Malaysian growth-stage technology firms
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.
Malaysia unicorn Carsome seeks $200M in pre-IPO funding round – report
The Malaysia’s first tech unicorn is working with an adviser for the planned fundraising and aims to complete it as soon as in the coming weeks, Bloomberg reported.
AirAsia’s Teleport to raise $50M to $100M in Series A funding – report
Teleport is valued at $300 million in a deal announced in August where the firm acquired Malaysia food delivery platform Delivereat at $9.8 million.
Malaysia property developer Hatten Land partners Singapore FinTech Hydra X to develop and operate cryptocurrency exchanges
With every transaction being recorded on distributed ledgers, regulated financial institutions might reject Bitcoins that may have been used for illegal activities. However, freshly minted 'Virgin Bitcoins' with no transaction history are considered pristine and can potentially command a premium. 'Green Bitcoins' mined with renewable energy sources are also…
Malaysia proposes various tax exemptions for EVs in Budget 2022
To support the development of the local EV industry, the government proposes to provide import duty, excise duty and sales tax exemptions on EVs.
