Malaysia Venture Capital Management Berhad (MAVCAP), the country’s largest venture capital firm, has taken a significant step towards advancing technological innovation by investing as a limited partner in Vynn Capital’s latest Mobility and Supply Chain Fund. This strategic collaboration underscores MAVCAP’s unwavering commitment to supporting local fund managers and nurturing groundbreaking startups in Malaysia and throughout Southeast Asia.
The Mobility and Supply Chain Fund, initiated by Malaysian venture capital firm Vynn Capital, has garnered MAVCAP’s participation as an investor, reflecting MAVCAP’s continuous dedication to fostering technological advancements in the region.
This industry-focused fund, with a targeted size of USD 30 million, aims to revolutionise Southeast Asia’s technology landscape by focusing on innovation in mobility and supply chain solutions.
MAVCAP Chief Executive Officer, Shahril Anas bin Hasan Aziz expressed enthusiasm about the collaboration, stating, “MAVCAP is thrilled to join forces with Vynn Capital in supporting the Mobility and Supply Chain Fund. This collaboration aligns with our mission to catalyze innovation and growth in Malaysia and across Southeast Asia.”
The fund, which will invest in early-stage startups in Southeast Asia raising Seed to Series A rounds, addresses the emerging challenges and opportunities in the region’s mobility and supply chain sectors.
By bringing onboard experienced partners, the fund aimed to provide startups with essential resources and expertise to drive groundbreaking solutions for the future of vehicle and transport infrastructure.
Furthermore, the Mobility and Supply Chain Fund seeks to address current challenges related to sustainability by applying technological solutions. This positioned Malaysia at the forefront of creating an ecosystem that encourages further innovation in the mobility industry while fostering increased regional collaboration through strategic investments in companies targeting the broader Southeast Asia market.
YAM Tunku Ali Redhauddin ibni Tuanku Muhriz, Partner at Vynn Capital, expressed gratitude for MAVCAP’s support, noting, “We are honoured to have MAVCAP as an investor with us again. As one of the most experienced venture backers in the region, MAVCAP will continue to provide us access to institutional networks, allowing us to provide better support to our portfolio companies. This is especially important in the world of constantly changing market dynamics.”
The Fund has also received support from Sime Darby Berhad, further expanding private partnerships and industry player involvement in investing in technology companies that aim to invigorate the future of mobility across Southeast Asia. This collaboration sets the stage for accelerated innovation and growth in the region’s technology landscape.
