Sunway and Kejora launch $25 million Orbit Malaysia Fund to invest in more local startups

Orbit Malaysia Fund will seek to invest in high-growth Malaysian (and Southeast Asian) startup companies


Alfred Lee

21 Nov, 2021

Sunway and Kejora launch $25 million Orbit Malaysia Fund to invest in more local startups | BEAMSTART News

- From our Sponsors -

Sunway Group and Indonesia's Kejora Capital have just launched Orbit Malaysia Fund, a new $25 million venture capital fund.

The new fund, which names Malaysia Venture Capital Management Bhd (MAVCAP) as its anchor investor, was established to invest in Malaysia's (and Southeast Asia's) growing startup ecosystem.

- Featured Sponsor -

About Orbit Malaysia Fund

Orbit Malaysia Fund will invest in early-stage Malaysian and Southeast Asian companies that seek to expand their presence across the region.

The fund will prioritise investing in companies at the Series A stage, with a focus on fintech, agritech, e-commerce, edtech, and healthtech sectors.

The fund will not be limited to just Malaysian startups, but also high-growth Southeast Asian startups.

Orbit Malaysia Fund will open doors to Sunway's resources and business divisions.

Orbit Malaysia Fund opens doors to Sunway Group's Resources

Aside from providing capital for startup companies, Orbit Malaysia Fund will also open doors to Sunway's extensive pool of resources, and even allow them to tap into their various business divisions.

Some of them include Sunway's real estate, healthcare, education, retail, and digital business divisions.

Not only will this enable portfolio companies to tap into additional revenue streams, it will also accelerate the speed of their partnerships and execution.

Kejora to help startup companies enter Indonesia's market.

Kejora will help Orbit Malaysia Fund's startups enter Indonesia 

Companies under Orbit Malaysia Fund's portfolio will also be able to tap on Kejora's extensive network and digital ecosystem that has long been established in the Indonesian market

This will allow startups to potentially speed up their entry into Indonesia, as well as gain access to the right partners in the country.

Kejora Capital managing partner Andy Zain mentioned that the company has always maintained on-going collaborative relationships with the government and some of the largest corporations in Indonesia.

- Featured Sponsor -

Orbit Malaysia Fund wants to grow more local unicorn startups

According to Statista, private equity and venture capital firms have invested more than US$5.9 billion in Malaysian startups between 2014 and 2020, with this number expected to grow in the coming years.

Orbit Fund's director, Raymond Hor, mentions that Malaysia is "home to a fast-growing and vibrant startup ecosystem", and "has great potential to become Southeast Asian unicorn companies".

“Orbit Malaysia is an alliance set up in the spirit of collaboration to leverage on the combined resources not just to help startups, but also as a platform for more private corporations to participate in VC investment. We look forward to working together with more corporates to enrich Malaysia’s funding ecosystem,” Hor said in a statement.

- From our Sponsors -

Latest Jobs

Accounting Officer

Gallons & Grapes Pte Ltd

Tuas Shipyard, Singapore

Full Time

SGD 3000 — SGD 4000 monthly

Account Manager (Hybrid)

Pinkerton

New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly

GROCERY SHOPPER UP TO $11/H !THEY ORDER, YOU SHOP!

RecruitFirst

SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

[URGENTLY NEEDED] Portuguese to English Proofreader

Elite Asia

Malaysia

Contract / Freelance

Salary Undisclosed

Junior Accounts Cum Admin Assistant

LABEL-LINE CORPORATION PTE LTD

Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers

TWGT

Manila, Philippines

Full Time

USD 2000 monthly

Financial Officer

PIVOT Fintech Pte Ltd

60, #11-25 Paya Lebar Rd, Paya, Singapore

Full Time

USD 5000 — USD 8000 monthly

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Work Experience Not Specified

Education Not Specified

beamstart.com

Also Mentioned

Kejora

Kejora is a company-building venture capital that invests in bold entrepreneurs launching high growth technology companies.



MAVCAP

Malaysia Venture Capital Management Berhad is a venture capital company that makes investments in the ICT sector.

Related Topics

Venture Capital

More Related Stories

Community Discussions

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).