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

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter