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Today: May 22, 2024
January 23, 2024
1 min read

MAVCAP Backs Vynn Capital’s Fund: Empowering Mobility and Supply Chain

TLDR:

  • Malaysia Venture Capital Management Berhad (MAVCAP) is investing as a limited partner in Vynn Capital’s Mobility and Supply Chain Fund.
  • The fund aims to revolutionize Southeast Asia’s technology landscape by fostering innovation in mobility and supply chain solutions.

MAVCAP, Malaysia’s largest venture capital firm, has announced that it will be investing in Vynn Capital’s Mobility and Supply Chain Fund. This partnership reflects MAVCAP’s commitment to advancing technological frontiers in Malaysia and Southeast Asia. The Mobility and Supply Chain Fund is one of the few industry-focused funds in the region, with a targeted fund size of $30 million. Its goal is to revolutionize Southeast Asia’s technology landscape by fostering innovation in mobility and supply chain solutions.

The fund will focus on investing in early-stage startups in Southeast Asia that are raising Seed to Series A rounds. MAVCAP’s investment in the fund will provide startups with access to essential resources and expertise to drive groundbreaking solutions in the vehicle and transport infrastructure sector. The fund also aims to address the current challenges of creating a more sustainable and greener environment through technological solutions.

MAVCAP CEO, Shahril Anas bin Hasan Aziz, expressed excitement about joining forces with Vynn Capital to support the Mobility and Supply Chain Fund. He stated that this collaboration aligns with MAVCAP’s mission to catalyze innovation and growth in Malaysia and Southeast Asia. The partnership will position Malaysia as a frontrunner in creating an ecosystem that encourages further innovation in the mobility industry.

The fund has also received support from Sime Darby Berhad, enabling more private partnerships and industry players to invest in technology companies that will invigorate the future of mobility in Southeast Asia. Established in 2001, MAVCAP has a portfolio value of almost MYR 5 billion ($1.06 billion) in the funds it manages. The government-backed venture capital firm has been championing the government’s mandate by developing local venture capital talent and attracting foreign venture capital and funding to Malaysia.

Vynn Capital is an industry-focused early-stage venture capital firm that aims to bridge the gap between traditional industries and the new economies through technology development. The firm’s investment philosophy revolves around creating synergistic value between portfolio companies and companies within its ecosystem. MAVCAP’s collaboration with Vynn Capital will provide startups with access to institutional networks and support to navigate the constantly changing market dynamics.

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