ScaleUp Malaysia has revealed the fourth cohort of its accelerator program and disclosed investments in seven innovative companies. This cohort is a notable achievement for ScaleUp Malaysia as it signifies that the accelerator program will provide upfront investments to the participating companies, unlike the previous cohorts where investments were made at the end of the program.
“Our selection process was highly competitive, and we have seven outstanding and diverse companies on board. These companies have been selected based on their potential to drive regional scalability and positive impact to society and the economy. We are also happy to add 2 female founded companies to our portfolio which brings us to a total of 14 companies with female founders,” said Andre Sequerah, Managing Partner at ScaleUp Malaysia.
The focus of the accelerator program is to equip the companies with the necessary skills and knowledge to take their businesses to the next level. The program will provide the companies with best practices in pitching, financial modelling, business strategy, and product development.
The companies selected for Cohort IV of ScaleUp Malaysia are BeeBag, Docspe, Huddle, Petotum, Stayhere, and Kabel who will receive a US$100,000 investment each, while the seventh company, Sonicboom, will receive an undisclosed strategic investment.
Tay Shan Li, Managing Partner at ScaleUp Malaysia, added, “Our team of experienced mentors and advisors will guide them through the program to refine their business models and strategies to attract further funding and drive regional growth. Over the past 3 cohorts we have designed best practices to work with our investee companies and have seen immense success in helping them regionalise and raise their next rounds.”
These companies will undergo a rigorous 12-week accelerator program aimed at refining their business models, developing regional scalability, and will culminate in a demo day with investors from all over the world.
