Venture Capital

The Securities Commission Malaysia (SC) is seeking FinTech startups to enhance Islamic capital market via the second cohort of its FIKRA ACE accelerator program, part of the FIKRA ACE initiative.

Xero, a New Zealand-based small business platform, has announced the return of the Xero Beautiful Business Fund for 2024 — an initiative offering more than SGD 630,000 ($466,720) in funding to support small businesses and non profits with their growth plans and help drive future success.

The panelists shared their views on the most promising sectors in Southeast Asia, the future development of the tech ecosystem, among others. These investors also shared their views on several issues related to the tech ecosystem in Southeast Asia from a foreign investor's and a regional investor's point of view.

OSK-SBI Venture Partners Ltd. (OSK-SBI) has on Wednesday announced the launch of its second venture capital fund to invest in category-defining companies across Southeast Asia. Active fundraising for Fund 2 is ongoing with the target to hit final close of capital commitments of $40 million.

Total funding into Indonesia tech startups plunged 64 percent to $191 million in the first half of 2024, compared with $526 million in the first half of 2023, Tracxn said Tuesday.

Total funding into Vietnam Tech startups dropped 52.7 percent to $46.5 million in the first half of 2024, compared with $98.5 million in the first half of 2023, Tracxn said Tuesday.

The panelists, from corporate venture capital, venture capital firm and venture builder, shared their views on the criteria and support needed to build a conducive tech ecosystem.

“Southeast Asia: The Bright Spot For VC Investing Amidst Global Uncertainties?” was a panel that featured Thomas G. Tsao of Gobi Partners, Roderick Purwana of East Ventures and Angela Toy of Golden Gate Ventures, moderated by James Kwan, Founder & Executive Chairman, Jumpstart Media at the ORIGIN: Asia Tech Conference. ​​

Soul Ventures, a global venture capital firm, has on Tuesday announced a significant milestone with the establishment of Soul Ventures Japan, marking the firm’s expansion into the Japanese market.

Kuala Lumpur, the capital of Malaysia, saw its tech startup ecosystem generates more than MYR 220 billion ($46.73 billion) in value over the past three years.