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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.
Among notable unicorns that have taken off from Malaysia are Grab, MyEG, iProperty and JobStreet.
PETALING JAYA: Malaysia is growing in its stature in becoming a key destination in Asean for being a successful breeding ground for startups which have grown in leaps and bounds.
Among notable unicorns that have taken off from Malaysia are Grab, MyEG, iProperty and JobStreet.
Indonesia-based AC Ventures Malaysia (ACV), which is one of the Venture Capital (VC) managers of the Dana Penjana Nasional programme (DPN), said Malaysia has the unique proposition of a market that encourages rapid deployment of new ideas and technology.
“Be it the availability of unique talent, industrial openness or developed infrastructure – Malaysia provides a fertile ground for fresh ideas to be tested and developed into wide-spread use, ” ACV said.
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