RHL Ventures launches $24m fund to back Malaysian startups, SMEs

Partners of RHL Ventures: (L-R) Teng Chen Shun, Jo Jo Kong, Rachel Lau, Tengku Ahmad Ridhwanuddin, Raja Hamzah Abidin.

Malaysia-based venture capital and multi-family private investment firm RHL Ventures has launched a RM100 million ($24.2 million) fund to support the growth of local startups as well as small and medium enterprises (SMEs), it said in a statement on Wednesday.

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