MAVCAP's fund size hits $325.6m making it Malyasia's largest VC firm

In a DSA file photograph, Mavcap chairman Rahim Hamid, Axiata chairman Azman Mokhtar, Mavcap CEO Jamaludin Bujang, Prime Minister Mohd Najib Abdul Razak, Axiata president and group CEO Jamaludin Ibrahim

Malaysia Venture Capital Management Bhds (MAVCAP) fund size has hit MYR1.4 billion ($325.58 million), making it the country’s largest venture capital firm, according to Science, Technology and Innovation Minister Wilfred Madius Tangau.

MAVCAP, a government-owned company, has invested in 225 technological start-up companies directly and through its 16 Outsource Partners (OSPs) since its establishment in 2001.

Bring stories like this into your inbox every day.

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