Prominent Malaysia-based venture capital firm, RHL Ventures has just announced the launch of a new accelerator program targeted at technology startups.
The firm, which recently moved to a new office in Kuala Lumpur, will focus on investing in startups developing emerging technologies.
Some of RHL Venture's previous investments include healthcare management platform HealthMetrics and online interior design marketplace Atap.co in January and February, respectively.
Earlier this year, RHL launched a US$24.3 million fund to support local early-stage SMEs with significant operations in Malaysia.
Although most of the firm’s previous investments focused on tech startups, RHL Ventures mentioned that the new fund will be more industry-agnostic, targeting a broader range of industries.
“Our new accelerator program underlines our firm’s stronger refocusing of efforts to grow Malaysia’s entrepreneurial and investment ecosystem along more sustainable lines,” said RHL Ventures managing partner Rachel Lau.