Malaysian VC firms raise $164m under govt funding programme for startups

Malaysian VC firms raise $164m under govt funding programme for startups

The Petronas Towers peek through palm trees. Kuala Lumpur, Malaysia.

Eight Malaysia-based venture capital (VC) firms have raised 676 million ringgit ($163.58 million) under a government funding programme for the local start-up industry, a Finance Ministry unit said on Wednesday.

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