Mountain Partners launches $100m fund for SE Asian startups, sets up Malaysia hub

Kuala Lumpur, Malaysia. Photo: Pixabay

Swiss company builder Mountain Partners is setting up a $100-million fund to invest in Southeast Asian startups. To tap the opportunities in the region, the firm is also establishing its operations hub in Malaysia.

This will see Mountain Partners helping more than 15 of its global portfolio companies expand into Malaysia, and create over 400 jobs including 50 top C-suite talent roles, a statement from Malaysia Digital Economy Corporation (MDEC) said on Thursday.

Additionally, there is also a partnership between private equity firm Leonie Hill Capital and Japan-based IP Bridge to see Malaysia as the home ground for venture building initiative targeting intellectual property-based tech startups in IoT, sensors and wearables, agri-tech and food-tech.

The partnership, through IP Bridge’s global expansion initiative, ManGO Factory, will also see the relocation of more than 10 Southeast Asian and Japanese startups to Malaysia, providing them with facilities, access and market opportunities in both countries.

“The strategic efforts placed by Mountain Partners, Leonie Hill Capital and IP Bridge will complement Malaysia’s initiatives in building a robust start-up ecosystem as Malaysia continues to provide regional and global startups the platform to scale in Southeast Asia,” said Datuk Yasmin Mahmood, CEO of MDEC.

MDEC also launched the Malaysia Digital HubTM initiative in April this year to further enrich Malaysia’s startup ecosystem. It is a place where startups and scale-ups co-exist with growth ecosystem players such as venture capitals, accelerators, anchor internet companies, talent builders and mentors.

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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.