Gobi Partners, Mavcap launch $14.5m ASEAN fund for seed-stage investments

Far left and right: MAVCAP CEO Jamaludin Bujang and Gobi managing partner Thomas Tsao, with the first five startup investees under the Asean SuperSeed fund.

Among the first Chinese venture capital (VC) firms to enter the Southeast Asian (SEA) region, Gobi Partners has raised a MYR60 million ($14.5 million) seed-stage fund, and has partnered with Malaysia’s largest VC management firm, Malaysia Venture Capital Management Bhd (MAVCAP) for this vehicle, that will do seed-stage investments in the region. 

An executive told DEALSTREETASIA that there is a third undisclosed investor – another a large fund – that had also participated as a LP but has chosen to remain unnamed.

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