Long way to go for country’s VC scene

The Star, 08 April 2023

THE venture capital (VC) industry is one of the reasons why the United States has created many world-class technology based companies. Funding for start-ups has also helped other economies, including Taiwan, South Korea and Japan, create technology giants.

Miti secures RM24b potential investments from South Korea

The Edge, 19 March 2023

KUALA LUMPUR (March 19): The International Trade and Industry Ministry (Miti) has secured potential investments worth RM24 billion as well as RM4.24 billion of potential exports of products and services through its recent trade and investment mission to South Korea.

Penjana Kapital's fintech unicorn investment, Xendit, officially enters Malaysia

The Edge, 11 January 2023

KUALA LUMPUR (Jan 11): Xendit, a financial technology (fintech) unicorn, has officially entered the Malaysian market offering up its diverse range of hyperlocal payment solutions to businesses in the country from small and medium enterprises and start-ups to giant corporations alike. 

Malaysia’s Penjana Kapital Partners With Indonesia’s Indies Capital Partners and AC Ventures

Digital News Asia, 9 January 2023

Penjana Kapital Sdn Bhd, a part of the Malaysian government’s initiative to develop startups, has signed a Memorandum of Cooperation with Indonesian-focused investment firms Indies Capital Partners and AC Ventures.

Prime Minister, Anwar Ibrahim witnessed the signing ceremony during his two-day working visit to Jakarta.

100 Soonicorns launched to expand unicorn club in Malaysia

Ministry Of Communications And Digital, 25 October 2022

PETALING JAYA, Oct 25-- Malaysia is enhancing its potential to produce more unicorns via 100 Soonicorns, a programme that aims to support the country’s aspiration to create five unicorns by 2025.

A unicorn is a privately owned startup company with a value of over US$1 billion (RM4.7 billion) while a soonicorn is a unicorn in the making.

Penjana Kapital partners Sea to co-organise 8th Capital Connections Forum

Digital News Asia, 14 October 2022

Penjana Kapital Sdn Bhd, an agency under the purview of the Ministry of Finance, partnered with Sea Limited (Malaysia) (Sea) to co-organise the 8th installation of Capital Connections in an effort to cultivate a vibrant startup and venture capital ecosystem in Malaysia.