Miguel Cordon · · 1 min readGobi Partners launches $10m fund to back Malaysian startups
Venture capital firm Gobi Partners has worked with Malaysia Venture Capital Management Berhad and the Sunway Group to launch its new US$10 million Malaysia SuperSeed Fund II.
Photo credit: Vincent Liew
The new fund will back seed to pre-series A startups in Malaysia that are in sectors such as artificial intelligence, big data, cloud services, ecommerce, fintech, internet of things, marketplaces, the circular economy, and “Taqwatech,” which caters to Muslim consumers. Gobi plans to invest in 25 to 30 firms, with a median ticket size of roughly US$250,000.
SuperSeed Fund II follows the ASEAN SuperSeed Fund launched in 2016, which had invested in startups like regional consumer-to-business car platform Carsome, fintech company Jirnexu, and social commerce platform Avana.
In April, Gobi launched a US$20 million fund to back early-stage tech companies in Pakistan. Late last year, it set up two US$10 million funds to invest in startups in the Philippines and Indonesia.
Editing by Charmaine de Lazo
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