ScaleUp Malaysia names 11 startups in third cohort

ScaleUp Malaysia has revealed the 11 startups that have received investments as part of its third cohort – which was organized in partnership with Quest Ventures, Indelible Ventures, and Mranti.

From left: Quest Ventures partner Jeffrey Seah, ScaleUp Malaysia managing partner Xelia Tong, and Indelible Ventures managing partner Kevin Brockland / Photo credit: ScaleUp Malaysia

The cohort kicked off in August 2021, seeing over 200 applications from 26 countries. ScaleUp Malaysia then selected 20 companies to participate in the third program, linking them to Quest Ventures and Indelible Ventures, over 16 weeks.

The companies participating are in the edtech, ecommerce, cybersecurity, and food and beverage spaces, among others. Each selected firm will receive up to US$60,000 in funding as part of the program.

The 11 chosen firms are:

• GuruInovatif, a platform that provides complete online resources for teachers’ professional development.
• MadCash, a fintech platform that provides microloans and captures business performance and repayment data of its women entrepreneurs.
• Open Academy, an edtech platform that provides real, non-theory based programs, training, and content from industry practitioners.
• SpareXHub, an ecommerce marketplace for genuine auto spare parts.
• VireServe, a cybersecurity firm that offers a SaaS platform for cyber security checks, compliance automation, and security protection for day-to-day business.
• WA Sushi, an F&B ecommerce company building “quality food made for delivery.”
• Howuku, an online platform that offers an all-in-one web optimization and analytics solution.
• Kumo, a SaaS provider for the beauty and medical aesthetics industry.
• Midwest Composites, a designer and manufacturer of futuristic materials.
• Recqa, a knowledge-sharing platform for team members to share learnings and other relevant information.
• BizTech Asia, a cross-media and marketing platform that enables B2B marketing for clients.

ScaleUp Malaysia has also opened registration for startups to state their interest to participate in the next cohort.