Mavcap-Gobi’s $200m tech fund gets Bosch, Cisco, Unilever as anchor investors

Gobi co-founding and managing partner Thomas Tsao and MAVCAP CEO Jamaludin Bujang.

Malaysia Venture Capital Management Bhd (MAVCAP) and Shanghai-based Gobi Partners $200 million Asean Growth fund, which is among the largest vehicles in this region, has secured three big names in the technology space as anchor investors — German electronics firm Bosch, US tech giant Cisco and consumer goods firm Unilever.

This vehicle, called Meranti after the tallest known tree in the tropical rain forest, will focus on late-stage funding of technology-related growth stage companies in Malaysia and Southeast Asia.

A part of this fund is also being raised via crowdfunding platform Crowdo, and is open to “accredited investors and institutional investors” according to launch details seen on the platform by DEALSTREETASIA.

The investors were invited to participate at the same pricing terms that have been offered to Limited Partners earlier. Moreover, the information also noted that the investors will automatically get access to the 20 portfolio companies that were accumulated over a period of 18 months by the VC firm. Among the names are Crowdo, Carsome and others.

MAVCAP CEO Jamaludin Bujang had told this portal in an interaction in April that the first close of around $50 million for the Meranti fund would be announced soon.

This is not the only fund that is taking the crowdfunding route in the region. Dymon Asia Ventures, the venture capital arm of Singapore-based Dymon Asia Capital has also kicked off the process to raise a part of its $50-million debut fintech-focused fund on Singapore based private investment and crowdfunding platform Fundnel, this portal had reported earlier, quoting executives aware of the development.

Dymon had hit the first close of its debut fund at $20 million after it had bagged a significant investment from Digital Ventures, a fintech-focused firm under Thailand’s Siam Commercial Bank (SCB). The final close of the fund will be announced soon.

In an earlier interaction with the portal, Crowdo co-founder and CEO Leo Shimada had said, “Integration between Venture Capital and Crowdfunding Platform (CFP) is the future, and this development is already happening today…Through the partnership most investors benefit by gaining exposure to a greater number of handpicked startups who will then be managed by a professional VC fund until exit.”

Also Read:

Exclusive: In a first for region, Gobi, Dymon to crowdfund part of their new vehicles

Dymon Asia hits first close for maiden fund at $20m, Thailand’s SCB among LPs

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

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.