Accelerators & Incubators
Policy & Regulation
Gobi Partners to Invest $24m Over Next 3 Years in Malaysian Startup Ecosystem
The Shanghai and Kuala Lumpur-headquartered firm is looking at sectors such as agritech, artificial intelligence, circular economy, logistics and Taqwatech (Muslim-focused tech).
Malaysia's Rev Asia to Acquire iMedia in All Stock Deal
According to a statement from Rev Asia, iMedia is expected to make over US$724,000 (RM3 million) in net profit after tax in 2021, which would see a total acquisition price of US$9.7 million (RM40 million) if the net profit is achieved.
Malaysia's JurisTech Acquires Financial Products Comparison Platform iMoney
The acquisition will allow both companies to fuel growth through enriching customer experience and deepening the relationship with their financial institution partners.
Malaysia's Dropee Raises US$1.3M from Y Combinator, Others
With the newly injected capital, Dropee plans to fully assist and automate the on-boarding process for these wholesale businesses.
Tencent Confirms Buying Ailing Malaysian Streaming Platform iflix
iflix had raised over $360 million from investors including Fidelity International, Hearst Communications, EDBI and Liberty Global before.
Malaysian Fintech Startup Curlec Raises Funding from 500 Startups
With its technologies, Curlec aims to offer easier debit access to small- and medium-sized enterprises in Malaysia
Malaysia to Set up $281m National Stimulation Fund, to Work with Global VCs
The move forms part of the so-called Short-Term Economic Recovery Plan announced by the Prime Minister Muhyiddin Yassin on Friday.
Malaysia-based Startups PolicyStreet Raises US$1.8M from KK Fund, Spiral Ventures to Grow Its Millennial-Centred Insurance Platform
PolicyStreet allows customers to buy insurance policies directly from its platform.
Malaysian Digital Health App Naluri Banks $1.1m in Pre-Series A Money
It plans to use the fresh capital to extend its runway to at least 12 to 15 months as it gears up for its series A round.
Malaysian startup investment firm NEXEA kickstarts programme for local startups
Through this, startups will explore pilot projects with different organisations, validate business and explore real-world product testing.
Malaysia’s iPrice Group raises $10m Series B led by ACA Investments
iPrice Group seeks to expand beyond price comparison, its mainstay since its inception in 2014.
Y Combinator-backed food delivery startup Dahmakan raises $18m series B
This brings their total funding close to US$28 million.
Malaysia’s Prime Minister Mahathir Mohamad submits resignation to the king
Malaysia’s Prime Minister Mahathir Mohamad has submitted his resignation to the king, according to the prime minister’s office.
SOCAR raises US$18 million to expand car-sharing platform
The startup aims to use the fresh funds to enhance its platform, grow within Malaysia, and expand into new countries by Q4 2020.
Skymind, a UK-based US$800M fund, expanding to grow AI ecosystems of Indonesia, Malaysia
The fund sees strong potential in Malaysia and Southeast Asian to build a thriving AI ecosystem and make the region a global AI hub.
Malaysian edutech startup Forward School raises US$500K pre-seed funding for expansion
With the new investment, Forward School plans to move into their new campus this quarter, an integrated co-learning, and co-living space.
Malaysian P2P car-sharing startup Moovby raises US$500K
The Moovby marketplace allows people to share their cars with other people nearby at an affordable price and earn income
Malaysia’s drone-based asset management startup Aerodyne raises funding, targeting APAC expansion
Aerodyne Group (Aerodyne) welcomes North Summit Capital, Arc Ventures and Leave a Nest as key strategic partners and investors in its second round of Series B funding.
Malaysian health supplement maker DXN invites pitches for $300m IPO
DXN, which started in 1993, uses a direct-selling model with more than 8 million registered distributors worldwide, according to its website.
Malaysia on track for commercial 5G rollout by Q3
Prime Minister Mahathir Mohamad is hoping the technology will propel the country into a developed nation by 2035.
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