Malaysia's RHL Ventures on track to close Hibiscus Fund at $71m by March-end

Malaysia's RHL Ventures on track to close Hibiscus Fund at $71m by March-end

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

Malaysia-based venture capital firm RHL Ventures is on track to close its Hibiscus Fund at 300 million ringgit ($71.4 million) by the end of March, said a senior executive at the firm.

Bring stories like this into your inbox every day.

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