By Quynh Nguyen
TresGo will use the funds to develop its cloud-based copyright system which will enable all the operations to be viewed by their merchants in real time.
The startup will use the fresh capital to upgrade its platform and service, and for team and market expansion.
Jefferi, currently deputy CEO of the investment bank, will start his new position in March.
Equity investment research platform EquitiesTracker Holdings Bhd (ET) is seeking to raise RM7.14 million via a LEAP listing on Bursa Malaysia.
Malaysia-based accelerator and VC firm Nexea has invested RM1.7 million ($416,000) in three local startups.
Berjaya Land Bhd has proposed to fully acquire Iceland-based company Gerisgata 11 EHF (GE11) and settle its loan for a collective amount of $13.99 million.
Among Khazanah’s biggest divestments last year was 16 per cent stake sale in IHH Healthcare Bhd to Japan’s Mitsui & Co. Ltd for $2 billion in cash.
The fund recorded a gross investment income of RM50.88 billion ($12.48 billion) in 2018.
Ringgit weakness and escalating jet fuel costs have caused the Malaysian carrier to miss two profitability deadlines.
The fund will look to trim stakes in companies identified as non-strategic to 15-25% and reduce its physical presence in locations such as London, Mumbai and Silicon Valley.