Venture Capital

First Move, an early stage fund, created by entrepreneurs for entrepreneurs, is making moves in the Malaysian startup scene by backing its first ten ventures in the first year.

Telkomsel, a digital ecosystem enabler through Telkomsel Ventures, has on Thursday announced a partnership to launch startup accelerator program TINC Batch #9 in collaboration with AppWorks, a Taiwan-based startup community. The program aims to develop innovative startups to provide digital solutions across various sectors in Indonesia.

Qatar Investment Authority (QIA) is set to launch Qatar's first venture capital (VC) fund of funds, a strategic investment program to foster innovation in Qatar. The fund of funds program will invest more than $1 billion in international and regional venture capital funds.

The Singapore FinTech Association (SFA) has launched Project Tapir, partnering with Malaysia-based venture capital (VC) firms, Artem Ventures and OSK Ventures International Berhad (OSKVI) to identify and showcase promising Singapore FinTech companies who are keen to launch in Malaysia.

Spark, Peak XV’s fellowship for female founders, has announced their latest cohort with 14 companies and 16 female founders. This cohort includes four companies building AI solutions in travel, fraud detection, wholesale trade and ecommerce.

Malaysia's pension fund Kumpulan Wang Persaraan (Diperbadankan) [KWAP] has on Friday announced the first batch of investments made under its Dana Perintis strategy. The investments, which amount to MYR 100 million ($21 million), comprise two direct investments in Malaysian startups and two venture capital fund commitments.

East Ventures, a sector-agnostic venture capital firm in Indonesia and Southeast Asia, has announced Sang Han as a Partner for East Ventures South Korea fund. East Ventures said in a statement on Thursday that Sang will leverage his extensive experience to manage the fund operation of East Ventures in South Korea.

Australia-based farm to fork innovation venture fund Mandalay Venture Partners has secured Queensland Investment Corporation (QIC) as an investor, deepening its position in Australia’s growing agrifood tech sector. The fund, which is also backed by Australia’s largest member-owned organization the NRMA, has hit $26.74 million in committed capital.

Netherlands-based Orient Growth Ventures said Thursday it has completed final closing of second fund at $90 million for Southeast Asia and India.

Malaysia Venture Capital Management Berhad (MAVCAP), has appointed Ter Leong Yap as its new Chairman, effective December 15, 2023. Ter joins its family with a wealth of experience through his current roles as the Founder and Executive Chairman, Sunsuria Group.