Gobi Partners, MAVCAP and Sunway Group launch $10m Malaysia microfund

Menara Berkembar Petronas, Kuala Lumpur, Malaysia. Photo by Vlad Shapochnikov on Unsplash

Kuala Lumpur-based venture capital firm Gobi Partners on Monday announced that it has partnered with Malaysia Venture Capital Management Berhad (MAVCAP) and the Sunway Group to launch a new microfund targeting early-stage startups in Malaysia.

DEALSTREETASIA had first reported Gobi Partners’ plans to launch a $10-million fund to support early-stage startups in Malaysia.

Called Malaysia SuperSeed Fund II, the new fund will target 25-30 investments in seed to pre-Series A startups with an average ticket size of around $250,000.

With this microfund, Gobi will be looking at sectors such as AI, Big Data, cloud services, e-commerce, fintech, IoT, marketplaces, the circular economy as well as TaqwaTech.

“MAVCAP is excited to be partnering again with Gobi Partners and with the energetic new boys on the block, Sunway Group. We are optimistic about the Malaysian startup scene and are looking forward to partner with innovative companies with groundbreaking technologies starting out from Malaysia. Entrepreneurs should be given the push up to go regional and global and MAVCAP is happy to play this role,” said MAVCAP acting chief executive Shahril Anas.

Last October, Gobi Partners launched two $10-million microfunds for the Philippines and Indonesia. Earlier this year, it also launched a $20-million fund with Fatima Ventures to invest in early-stage tech opportunities in Pakistan.

Established in 1974, Sunway Group is one of Malaysia’s leading diversified conglomerates with 12 key business divisions including real estate, construction, malls, education, and healthcare.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.