Malaysia’s Nexting Ventures launches with $380K angel funding

Kuala Lumpur, Malaysia. Photo: Pixabay

Malaysia-based startup incubator Nexting Ventures has announced its official launch along with 1.6 million ringgit ($380,000) funding raised from angel investors.

Founded in 2017 by six founders, Nexting Ventures focuses on “impact living”, by providing convenient, user-friendly and practical solutions in terms of their products and services for the next generation.

This year, it claims to have evolved into a multi-platform business solutions provider. It has grown its team for six to 40 people this year, and recently expanded its operations to Ho Chi Minh City, Vietnam.

“Malaysia, with its strategic location and diverse culture, a nation with a rapid-growing ecosystem that has much to offer the world. With that, we would like to seize the potential and opportunity of technology, talents and innovation to redistribute opportunity in the community and society in which we live,” said its CEO Sophia Tey.

Nexting Ventures has also developed four startups so far – proptech startup Lifyn Co, team building startup Vision Building, media production startup Next Picture and home living startup Pinnacle Living.

According to its chief business development officer Penny Leong, Nexting Ventures looks into four main sectors, which are proptech (tenant management and co-living apps), services (corporate advisory and management, mobile app development, commercial and wedding production), media and content creation as well as human capital (team and youth building).

On Vietnam, Leong said it is a fast-growing market in Southeast Asia. “We have penetrated into the home and living segments as it is every household’s need. We have [also] observed robust growth in the property development sector in Vietnam.”

Going forward, Nexting Ventures plans to incubate ten projects worth about 10 million ringgit ($2.39 million).

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.