AVANA, formerly Square.my, a digital merchants solution, has secured $498,274 from Cradle Seed Ventures (CSV) and Captii Ventures, a multi-stage Southeast Asian investment firm.
By Chalida Ekvitthayavechnukul
Dzuleira has replaced Aziz Hussein, whose service to CSV ended after two years as CEO.
This is the first investment announcement by CSV, which launched its Fund I in June 2015. The current fund size is $9.35m, with a hard cap of $23.38m
Cradle Fund has launched its venture capital (VC) arm, Cradle Seed Ventures (CSV), targeting a total fund size of MYR100 million ($27 million) to invest in 15 portfolio companies in the pre-Series A and Series A stage. CSV’s Cradle Seed Venture Fund 1 has an initial fund of MYR40 million… Read more »
Malaysia’s Cradle Fund Sdn Bhd is set to establish a MYR60 million ($16.5 million) seed venture fund by May, unleashing a fresh wave of investments into startup ecosystem in the region. An executive familiar with Cradle’s plan said Cradle Seed Ventures (CSV) will initially target “fun startup businesses like in-mobile app… Read more »