Venture Capital

The Securities Commission Malaysia (SC) said Monday it will soon launch a five-year micro, small and medium enterprises (MSME) Roadmap, which aims to provide increased access to the capital market for MSMEs.

B Capital, a global multi-stage investment firm, has on Tuesday announced the close of B Capital Opportunities Fund II, L.P. (Opportunities Fund II) with aggregate capital commitments of $750 million, nearly doubling the size of its predecessor B Capital Opportunities Fund I.

Philippines-based venture capital firm Kaya Founders is targeting PHP1.4 billion ($25 million) across two new funds to invest in early-stage start-ups in the Philippines and Southeast Asia.

Talent Corporation Malaysia Berhad (TalentCorp), an agency mandated by Malaysian government to drive Malaysia’s talent strategy, has allocated MYR 30 million ($6.36 million) for internship matching grant for Malaysian small and medium-sized enterprises (SMEs) and start-ups.

Proficeo Consultants Sdn Bhd (Proficeo) in partnership with Penjana Kapital Sdn Bhd (Penjana), has on Monday announced the selection of the pioneer group of 18 Founders for the Soonicorn Collective.

Malaysian pension fund Employees Provident Fund (EPF) has on Monday announced a commitment of up to MYR 250 million ($53 million) aimed at catalyzing mid-to-growth stage companies in Malaysia through its partnership with Gobi Partners, a pan-Asian venture capital firm with an extensive investing track record.

Malaysian government held MYStartup, in partnership with startup accelerator Growth Charger, has selected 26 high potential startups for the MYStartup Pre-Accelerator Cohort 3 Program.

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.