Kumpulan Wang Persaraan has announced an RM500 million fund called Dana Perintis, aimed at supporting the country’s venture and startup ecosystem.
The government-owned entry will commit the amount over the next 18 to 24 months to support early-stage companies in line with the national drive towards innovation. The fund encompasses two strategic pillars: investments into selected Malaysia-focused Venture Capital (VC) funds and direct investments into early-stage companies. With an allocation of RM250
million for each pillar, KWAP’s initiative aims to accelerate growth within the Malaysian entrepreneurial landscape in line with KWAP’s sustainability commitment as a signatory of the UN Principles for Responsible Investment (PRI).
KWAP recognises the potential for innovation and growth within Malaysia’s venture ecosystem,” said Encik Hazman Hilmi Sallahuddin, Chief Investment Officer of KWAP.
As one of Malaysia’s prominent investors, KWAP said it seeks to play a pivotal role in steering the nation toward a flourishing early-stage ecosystem. By strategically investing and addressing critical gaps,
A substantial portion of up to RM250 million will be directed towards investing in VC funds with exposure focusing on Malaysia. In parallel to the fund investments, another RM250 million will be committed towards direct investments into
promising early-stage companies. This commitment echoes KWAP’s intention to nurture startups through growth and expansion stages.
