Miguel Cordon · · 1 min readMalaysian startup incubator Nexting Ventures launches with $380k funding
Nexting Ventures, a startup incubator based in Malaysia, has officially launched after raising 1.6 million ringgit (US$380,224) in funding from undisclosed investors.
Photo credit: Nexting Ventures
Established in 2017 by six founders, Nexting is aimed at nurturing products, services, and solutions catered to the next generation. It has now evolved into a multiplatform business solutions provider with a 40-person team and operations in Vietnam, it said in a statement.
The company acknowledges Malaysia’s strategic location, diverse culture, and rapidly growing ecosystem. “With that, we would like to seize the potential and opportunity of technology, talents, and innovation to redistribute opportunity in the community and society in which we live,” Nexting CEO Sophia Tey said.
The incubator has developed four startups in-house, namely co-living management startup Lifyn, team building firm Vision Building, media production house Next Picture, and home living startup Pinnacle Living.
It plans to incubate 10 projects worth about 10 million ringgit (US$2.4 million) for the future.
Currency converted from Malaysian ringgit to US dollar: US$1 = 4.21 ringgit.
Editing by Charmaine de Lazo
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