WELCOME TO PENJANA KAPITAL
About Us
Penjana Kapital Sdn Bhd ("Penjana Kapital") was incorporated on 1 July 2020 as part of the Government of Malaysia’s initiative to accelerate the development of a future innovation economy.
Its main role is to stimulate the Malaysia’s economy by futureproofing Malaysia businesses through innovation from start-ups, funded by private capital from strategic international and private domestic investors, matched by the government and in turn creating a vibrant and sustainable venture capital ("VC") industry in Malaysia.
Penjana Kapital administers and facilitates the deployment of the Dana Penjana Nasional ("Dana Penjana"), a matching fund-of-funds program where the Government of Malaysia will match, on a 1:1 basis, funds raised by the VC fund managers from foreign and private local investors.
What is Dana Penjana Nasional?
A RM600 million investment fund by the Government of Malaysia for the venture capital firms to invest in start-ups. This amount will be matched on a 1:1 basis by foreign investment institutions to attract investors. With the balance of RM600 million to be matched by these investors, an allocation of RM1.2 billion will be made available to further enhance the digitalisation and automation of Malaysian businesses and at the same time revitalise the Malaysian economy.
Beneficiaries
Private sector venture capital funds, which will be responsible to deploy the funds to the start-up companies. Local venture capital companies and start-ups will also benefit from a knowledge transfer program to be carried out by the foreign venture capital companies to develop the local venture capital and start-up industry. Penjana Kapital will also aim to create a vibrant ecosystem in Malaysia, with the support of all stakeholders.
Approach
Fund of Funds (FOF) mechanism is used where an investment fund will be established by the venture capital firm and the funds brought in by them will be matched on a 1:1 basis by Penjana Kapital. It will cover the venture capital investment life cycle.
VENTURE CAPITAL LIFE CYCLE
How Penjana Kapital will be allocating capital funds across the various private capital categories?
SEED/CO-CREATION This fund is specifically dedicated as a start-up launchpad by co-creating companies or providing seed capital to early-stage start-ups. |
SERIES A/B Invest in post-revenue companies that have passed the ideation stage and ready to scale up.
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GROWTH STAGE The expansion stage for a company, after Series A/B. |
VENTURE DEBT Specifically dedicated fund to provide short/mid-term financing for early, mid, and late stage technology companies, which are usually not covered by the banks. |
Level 37, MOF Inc Tower,
Platinum Park, No. 9, Persiaran KLCC,
Kuala Lumpur, 50450 Kuala Lumpur,
Federal Territory of Kuala Lumpur