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

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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.

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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.

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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.

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Alfred Lee

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

Based in Malaysia

Work Experience Not Specified

Education Not Specified

Also Mentioned


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


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

Related Topics

Venture Capital

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