Private Equity Fund For Growth-stage Tech Companies Launched

VentureTECH today announces the launch of a private equity co-investment fund of RM75 million for growth-stage technology companies with its foreign partner, Japan’s SBI Ventures Malaysia.

The launch of the fund follows the landmark signing of a Joint Venture (JV) investment agreement to provide an additional source of foreign funds into Malaysia from a global private equity firm.

This fund is designed to play a strategic role in supporting local and Bumiputera companies in the high value-added and emerging industry market segments to scale up to their full potential, and help attract additional investors to support the expansion of these companies during this economic recovery period.

The strategic partnering with Japan’s SBI Ventures Malaysia, a reputable regional private equity player, is important in helping Malaysian industries build synergies and collaboration at the regional level, and in continuing to support their long-term growth as they strive to continue to scale up and compete in both the Malaysian and global markets.

The initial fund targets to support technology industry leaders with their continued expansion in higher value-added production and services, and in improving the productivity of the traditional industries through IR4.0 and IoT applications.

The areas of interest are agro-based smart farming and digital healthcare, which is in line with Malaysia’s MyDigital aspirations of increasing productivity by 30% across all sectors by 2030.

The investments aim to increase the higher number of skilled and highly skilled jobs with higher income to Malaysians, with other socio-economic benefits.

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