THE venture capital industry in Malaysia is reaching an inflection point, says Singapore-based private-equity firm CMIA Capital Partners and Malaysia-based Bintang Capital Partners Bhd.
They see a great deal of activity in terms of demand for capital. “The challenge now is to identify suitable sources of funding for these innovative ideas and shape them into a business that can achieve significant scale and impact in the country,” they said in a joint reply to The Edge.
Pandu Sjahrir, founding partner at AC Ventures — an early-stage technology venture fund that focuses on investing in Indonesia’s digital disruptors — concurs, noting that the local venture capital market has roughly doubled in size in the last decade in terms of capital inflows to just over US$2 billion (RM8 billion), with about half of this amount disbursed to investments.