By Mars Woo
Last December, the Malaysia-based platform closed a $4-million Series A funding round led by existing investors Asia Venture Group and Venturra Capital.
Media Prima’s subsidiary New Straits Times has proposed to sell its 21.36% stake in Malaysian Newsprint for a cash consideration of RM14.15 million ($3.59 million).
The fund will invest in early to late stage firms in sectors such as ICT and biotech
Khazanah arm Xeraya Capital is a private equity and venture capital firm focused exclusively on lifescience investments.
The latest funding round comes almost a year after it raised $1.1 million in seed funding in April 2017.
HealthMetrics plans to expand its services to other healthcare verticals to provide a more comprehensive employee medical benefits platform for corporates.
The listing would be the largest IPO in Malaysia since Lotte Chemical Titan’s $878-million listing last year.
500 Startups’ Southeast Asia arm is looking at investing more into deep tech companies in the next four years after investing in e-commerce platforms and marketplaces in the last four years.
Gobi says Muslim market, women entrepreneurs are underserved by VCs.
The firm plans to raise up to $200 million for a clean-tech fund, while the e-commerce fund is expected to be around RM 100 million (around $25 million).