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Top 30 Retail VC Funds & Investors in Malaysia (October 2026)

The most active venture capital funds investing in Malaysia Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Malaysia Retail startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Axiata Digital Innovation Fund
VC Fund
3 Malaysia, United Kingdom, Singapore Series A, Venture - Series Unknown, Series B E-Commerce, Apps, Retail $557k–$30M
Sunway iLabs
VC Fund
2 Malaysia, United Kingdom, Singapore Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, Financial Services $25k–$71M
Zamsaham Private Client
VC Fund
1 Malaysia Seed, Series A Hotel, Retail, Wholesale
TBV Capital
VC Fund
1 Malaysia Seed Retail, Shopping, E-Commerce
Sequoia Capital
VC Fund
1 United States, China, India Series A, Series B, Seed Software, Artificial Intelligence, Information Technology $1.2M–$100M
The Hive Southeast Asia
VC Fund
1 Malaysia, Singapore Seed, Series A FinTech, Marketplace, Human Resources $108k–$4M
Venturra
VC Fund
1 Indonesia, Singapore, Vietnam Seed, Series A, Series B E-Commerce, Financial Services, Health Care $1.2M–$60M
Commerce.Asia
VC Fund
1 Malaysia Corporate Round, Seed Apps, Retail, E-Commerce
BEENEXT
VC Fund
1 India, Japan, Indonesia Seed, Series A, Series B Software, E-Commerce, FinTech $456k–$50M
First Move
VC Fund
1 Singapore, Malaysia, Indonesia Pre-Seed, Seed Artificial Intelligence, SaaS, Knowledge Management $300k–$575k
Quest Ventures
VC Fund
1 Singapore, Malaysia, Kazakhstan Seed, Pre-Seed, Series A E-Commerce, Software, Information Technology $50k–$10M
Asian Development Bank
VC Fund
1 India, Indonesia, Vietnam Debt Financing, Post-IPO Debt, Private Equity Financial Services, Energy, Renewable Energy $3.6M–$820M
Guangxi Guoxin Commerce and Trade Co., Ltd
VC Fund
1 Malaysia Pre-Seed, Non-Equity Assistance Software, Retail, Accounting $122k–$122k
Golden Gate Ventures
VC Fund
1 Singapore, Indonesia, United States Seed, Series A, Series B FinTech, Software, Financial Services $473k–$60M
Foxmont Capital Partners
VC Fund
1 Philippines, Singapore, United States Seed, Series A, Pre-Seed E-Commerce, Software, FinTech $120k–$20M
Cyberview Living Lab Accelerator
VC Fund
1 Malaysia, China, Australia Non-Equity Assistance, Grant, Seed Information Technology, Artificial Intelligence, Software $8.4k–$100k
Creador
VC Fund
1 India, Malaysia, Indonesia Private Equity, Secondary Market, Post-IPO Equity Retail, Financial Services, Manufacturing $2.2M–$113M
AC Ventures
VC Fund
1 Indonesia, Singapore, India Seed, Series A, Series B E-Commerce, Financial Services, Information Technology $963k–$87M
Valuevest Ventures
VC Fund
1 Malaysia Seed, Series A Financial Services, FinTech, Payments
TH Capital
VC Fund
1 Malaysia, Singapore, United States Seed, Series B, Series A Apps, FinTech, E-Commerce $450k–$15M
The Radical Fund
VC Fund
1 Indonesia, Singapore, Malaysia Seed, Pre-Seed, Series A Software, Biotechnology, Solar $1.5M–$3.1M
Cradle Fund
VC Fund
1 Malaysia, Singapore, United States Grant, Seed, Pre-Seed Software, E-Commerce, Information Technology $22k–$787k
Falnas Capital
VC Fund
1 Malaysia, India, Indonesia Seed, Venture - Series Unknown, Pre-Seed Shopping, Automotive, E-Commerce $241k–$7M
TheVentures
VC Fund
1 South Korea, United States, Vietnam Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $72k–$5.1M
Pembangunan Ekuiti
VC Fund
1 Malaysia Pre-Seed, Series A Retail, Grocery, E-Commerce
TA Ventures
VC Fund
1 United States, Germany, India Seed, Pre-Seed, Series A Software, E-Commerce, Health Care $150k–$28M
Alta Group
VC Fund
1 India, Malaysia Seed, Pre-Seed, Equity Crowdfunding EdTech, Retail, Medical
RHL Ventures
VC Fund
1 Malaysia, Singapore, Indonesia Seed, Venture - Series Unknown, Series A E-Commerce, Health Care, Financial Services $500k–$25M
MRI VC Berhad
VC Fund
1 Malaysia Seed, Angel, Series B Hotel, Retail, Soccer
SIG China (SIG Asia Investments)
VC Fund
1 China, United States, Japan Series B, Series A, Series C Software, E-Commerce, Internet $3M–$150M
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Investor list

Axiata Digital Innovation Fund
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 3 investments in Malaysia Retail startups

Axiata Digital Innovation Fund is a technology venture fund formed by Axiata Berhad.Axiata has controlling interests in six mobile operators under the brand names of ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘Smart’ in Cambodia and ‘Ncell’ in Nepal, with strategic interests in ‘Idea’ in India and ‘M1’in Singapore.

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Investment focus

  • Industry: E-Commerce, Apps, Retail
  • Stage:Series A, Venture - Series Unknown, Series B
  • Geography: Malaysia, United Kingdom, Singapore

Investor stats

  • Total investments: 22
  • Round size: Series A $571k–$12M; Series B $5.9M–$30M; Venture - Series Unknown $557k–$2.9M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $2.3M in 2017

Portfolio highlights

  • EasyParcel — Book for Pos Laju, J&T, Pgeon, FedEx, TNT and many other couriers in EasyParcel. Book in 5 minutes and enjoy free pick up from your doorstep.
  • Aerodyne Group — Aerodyne Group (https://aerodyne.group) is a DT3 (Drone Tech, Data Tech, and Digital Transformation) drone-based enterprise solutions provider, and a pioneer in the use of artificial intelligence as an enabling technology for large-scale data operations, analytics, and process optimization. Aerodyne employs over 1000 droneprofessionals to operate on an unprecedented level in the UAS services sector, having managed more than 560,000 infrastructure assets with 458,058 flight operations and surveyed over 380,000 km of power infrastructure across 32 countries globally.Aerodyne is ranked first in the world by Drone Industry Insights (DII) in its ‘Drone Service Provider Ranking 2021’ and ‘Drone Service Provider (Remote Sensing) Ranking 2022; was named Frost & Sullivan’s ‘Asia Pacific UAV Services Company of 2019’; and is a recipient of the Institute of Engineering and Technology (IET) Malaysia’s ‘Industry Excellence Gold Award 2019’. The company’s founder and Group CEO, Kamarul A Muhamed, is 'EY’s Entrepreneur of the Year 2020', 'EY’s Technology Entrepreneur of the Year 2020 Malaysia', Technode Global’s Startup Leader of the Year 2021’, as well as 'SEBA Entrepreneur of the Year 2020'.
  • edotco Group Sdn Bhd — Building shared connectivity for a sustainable future
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Sunway iLabs
VC Fund · Bandar, Selangor, Malaysia · 2 investments in Malaysia Retail startups

Sunway Group has an innovation branch called Sunway Innovation Labs (iLabs), which serves as an ecosystem for innovators at all phases of business development. Through talent, market access, and funding, it helps businesses scale for financial success and inspires talent to design sustainable solutions for a better future.

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Investment focus

  • Industry: Software, Artificial Intelligence, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Malaysia, United Kingdom, Singapore

Investor stats

  • Total investments: 64
  • Round size: Seed $25k–$8.2M; Series A $3.8M–$71M; Venture - Series Unknown $635k–$5.7M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Nu Quantum — Nu Quantum has been pioneering quantum networking technology since 2018. Our market-leading expertise is uniquely positioned to deliver a distributed quantum...
  • Halogen — Malaysia's pioneering fund manager that specialises in both digital (crypto) and traditional asset investment management.
  • OctaiPipe — OctaiPipe is an AI-powered optimisation software that delivers up to 40% savings in cooling energy use with zero disruption.
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Zamsaham Private Client
VC Fund · Senai, Johor, Malaysia · 1 investments in Malaysia Retail startups

Zamsaham Private Client or better known as ZPC is a Malaysian-based group of smart retail investors that is well-versed with the overall capital mechanism and the stock market structure.

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Investment focus

  • Industry: Hotel, Retail, Wholesale
  • Stage:Seed, Series A
  • Geography: Malaysia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • UZ Hotel Berhad — Founded in 2017, We had successfully acquired and managed more than 70 hotels and resorts, with a total of more than 2300 rooms selling across Malaysia and Indonesia while the numbers are still growing!Beyond this challenging environment, we have adopted the new norm approach and continues to review processes and procedures to ensure all areameets our stakeholders’ needs in real-time. We remain committed towards the cleanliness and comfortability of our hotel rooms for our valued customers at all times.We are also committed towards introducing Muslim Friendly Hotels and is always determined in having a policy in promoting Muslim Friendly principles, provide sincere services, clean rooms as well as affordable rates while ensuring a valued experience for our guest. Our goal in having a sustainable development and continuous improvement towards achieving to be the Largest Syariah Hotel Chain and successfully listed on local and international stock exchange market.
  • Unclezam Holding Berhad — The Unclezam Holding Berhad is an investment holding that focuses mainly on halal companies that involve in Food & Beverages, Syariah-based Hotel, Pharmaceutical, and Halal Meat Production in Mongolia. Our company gives full concerns on producing wholesomeness and high-quality products hence, Halal signifies a very important part as we servewith rigorous controlling and checking throughout the supply chain. We are a Pre-IPO company designed to be a Halal Unicorn company by 2022 to 2023 for implementing Merger & Acquisition of quality Food & Beverages companies throughout Asia. We believe that cold chain management is valuable for our company to reach the next level towards achieving the highest value to our customers, thus, to rewards our shareholders and stakeholders. Our main halal factory, UZ Food Berhad is located in Selangor, Malaysia. Our business activities and products including the production of frozen food, wholesale, halal meat, event catering and, supplier of airline food and catering to the top airlines namely Qatar Airways and Malaysia’s very own Malaysia Airlines (MAS). We have more than 20-years’ experience in producing high-quality ice cream and ready-to-eat products. We also run Research & Development activities, our current project including producing new products from the Jackfruits imported directly from our very own Jackfruit Farm (Ladang Nangka) located in Johor. Our target is also to implement the Plant-based Meat formula using our jackfruit, which is currently in the process of R&D. Some of the productions that are now marketed is Nangka O’ Bites, a jackfruit-based nugget. Zamburger (M) Sdn Bhd, one of our subsidiaries has acquired frozen food and wholesale supplies retail, AhMart Sdn. Bhd. We currently have seven marts, with six all across Johor, one in Serdang, and many more coming soon. Zamburger’s headquarters is currently located in Desa Cemerlang, Johor Bahru. Zamburger, too, has been supplying frozen burger products to many burger sellers all across Johor and our recent Zamburger Kelantan located in Kota Bharu. Recently, Unclezam Holding has acquired a Rice-producing company, Inayu Global Sdn Bhd in which we produced our very own rice products under the brand Unclezam Rice. Inayu Global’s warehouse is currently located in Shah Alam producing high-quality rice products daily and we actively distribute thousands of rice packages to hundreds of our official distributors. Some of our main distributors including Mydin, Jaya Grocer and St. Rosyam and we are aiming for bigger distributer company to supply our products in the very near future. We are also focusing on our Halal slaughterhouse called Unclezam Halal Hub LLC in Mongolia. Unclezam is taking this opportunity to expand its business prior to the lack of halal meat production in Mongolia. Our slaughterhouses will be located in Erdeson and Tosesongel while the meat processing hub will be located in Ulaan Baatar. Unclezam has successfully been audited and certified by the following food safety bodies, which are Hazard Analysis and Critical Control Point (HACCP) and Good Manufacturing Practices (GMP) with 200 halal certificates recognized by Top famous halal-certified body; JAKIM.
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TBV Capital
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

TBV Capital helps an organization become enduring businesses. They help founders from day zero when the DNA of their business first takes shape. Their team partners both with young companies finding their stride and established ones looking for step-function growth.

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Investment focus

  • Industry: Retail, Shopping, E-Commerce
  • Stage:Seed
  • Geography: Malaysia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • 50Gram — At 50Gram Florist, the mission is to delivery flower bouquets on behalf of you to your loved ones, whether for men or for women, on every flower gifting occasions available such as Valentine’s day, Birthday, Mother’s Day, Christmas, Anniversaries, Graduation and other amazing surprises that you had planned for them. During these occasions, theydesign special flower bouquets specifically for each and every one of them, creating a sense of uniqueness while keeping the flowers at an affordable price. In order to create better moments for every wedding and marriage occasions, they had launched premium wedding bouquets too! They deliver fresh flower bouquets to areas in Kuala Lumpur, Petaling Jaya as well as Penang, whether on the same day or for other days through pre-ordering.
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Sequoia Capital
VC Fund · Menlo Park, California, United States · 1 investments in Malaysia Retail startups

We help the daring build legendary companies from idea to IPO and beyond.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, China, India

Investor stats

  • Total investments: 2522
  • Round size: Seed $1.2M–$14M; Series A $5.5M–$50M; Series B $12M–$100M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • ApnaPaisa — ApnaPaisa offers the Best Deals on Home Loans, Personal Loans, Credit Cards and EMI Calculators in India. EST'D 2007.
  • Despegar — Despegar operates as an online business-to-consumer travel agency that focuses on the Portuguese and Spanish speaking markets. It enables people to research travel plans, check flight availability, book airline, and hotel and car rental reservations online, as well as offer travel-related services, including access to airlines, car rentalcompanies, and hotels and vacation packages. The company serves the leisure and corporate travelers. It operates in Argentina, Brazil, Chile, Colombia, Mexico, Uruguay, Venezuela, Spain, and the United States. The company was founded in 1999 and is based in Miami, Florida.
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The Hive Southeast Asia
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

The Hive Southeast Asia is a VC fund backed by Palo Alto-based venture capital firm The Hive, Tuas Capital Partners, and Sunway. The Hive applies its entrepreneurial and operational experience to accelerate company building.

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Investment focus

  • Industry: FinTech, Marketplace, Human Resources
  • Stage:Seed, Series A
  • Geography: Malaysia, Singapore

Investor stats

  • Total investments: 17
  • Round size: Seed $108k–$4M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Collektr — Collektr is a live streaming community marketplace where users can buy, sell, and exchange collectible things in a secure environment. It's also a gathering place for keen collectors to discuss their common interests in a wide range of products and categories.
  • AI Nusantara — AI Nusantara is research institution that focuses on educating and developing AI talents in Southeast Asia.
  • Halogen — Malaysia's pioneering fund manager that specialises in both digital (crypto) and traditional asset investment management.
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Venturra
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Malaysia Retail startups

Empowering outstanding entrepreneurs across Southeast Asia in creating the next defining technology companies.

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Investment focus

  • Industry: E-Commerce, Financial Services, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Vietnam

Investor stats

  • Total investments: 74
  • Round size: Seed $1.2M–$6M; Series A $4M–$12M; Series B $4M–$60M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $150M in 2015

Portfolio highlights

  • FR8Labs — FR8Labs offers a practical freight forwarder solution that includes all of the modules required, without the extraneous trappings of overly sophisticated features that may not use but wind up paying for.
  • Saladin — Saladin is an online platform that provides life, health, automotive, and travel insurance services.
  • Klinik Pintar — Klinik Pintar membantu pasien mendapatkan layanan kesehatan primer terbaik di klinik, rumah, dan kantor.
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Commerce.Asia
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

Commerce.Asia integrates best of breed technology solutions, talent development, data analytics and insights for South East Asian businesses to succeed online.

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Investment focus

  • Industry: Apps, Retail, E-Commerce
  • Stage:Corporate Round, Seed
  • Geography: Malaysia

Investor stats

  • Total investments: 3
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • BizApp — BIZAPP is specifically designed for Android, iOS and Web users for all entrepreneurs, regular agents, dropship agents, stockists and HQs to manage booking data.
  • Kumoten — Kumoten is a Malaysia's largest dropship service provider. they help online retailers start and grow their business by taking away the risk of buying stocks.
  • Sitegiant — Omnichannel Commerce Platform
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BEENEXT
VC Fund · Singapore, Central Region, Singapore · 1 investments in Malaysia Retail startups

BEENEXT manages multiple funds targeting diverse sectors, including fintech, healthtech, e-commerce, and artificial intelligence. Its platform offers founders access to a global network for knowledge exchange, mentorship, and business co-creation. The firm utilizes an industry-agnostic approach to identify businesses with potential for long-term growth across various international markets. Additionally, the company facilitates partnerships between entrepreneurs and a community of collaborators to assist with scaling operations.

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: India, Japan, Indonesia

Investor stats

  • Total investments: 397
  • Round size: Seed $456k–$5M; Series A $2M–$15M; Series B $5.5M–$50M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $1M in 2023

Portfolio highlights

  • Whizzo — Whizzo specializes in materials science-driven manufacturing of engineered fashion and technical textiles. Our expertise lies in creating and executing innovative textile blends tailored for applications across automotive, agriculture, medical textiles, and engineered fashion.
  • Furnishka — Discover premium sofas, recliners, beds, dining sets and more at Furnishka. Buy furniture online in India with free delivery, easy EMI and warranty.
  • Foundry — Foundry is a consumer technology business that specializes in household appliances. Foundry was started by Ankit Jain, a former managing director of Dyson India.
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First Move
VC Fund · Singapore, Central Region, Singapore · 1 investments in Malaysia Retail startups

First Move is a founder-led early stage VC that invests in visionary executives and founders building scalable, tech-enabled businesses for a better future in Southeast Asia

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Investment focus

  • Industry: Artificial Intelligence, SaaS, Knowledge Management
  • Stage:Pre-Seed, Seed
  • Geography: Singapore, Malaysia, Indonesia

Investor stats

  • Total investments: 12
  • Round size: Seed $507k–$507k; Pre-Seed $300k–$575k
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Ourteam — Automate screening, AI interviews, and assessments at scale. Built for hiring teams in Singapore, Philippines, Indonesia, Malaysia, the US, and Australia.
  • Shieldbase AI — Secure, scalable, and intelligent AI for the enterprise. Unify and orchestrate your fragmented AI ecosystem with Shieldbase.
  • Pride Health — Access trusted doctors, e-prescriptions, and discreet medication delivery. Safe, convenient, and judgment-free.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Quest Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Malaysia Retail startups

Quest Ventures is a top venture capital firm in Asia. For entrepreneurs: venture capital. For enterprises: applied innovation. For ecosystems: accelerate.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Singapore, Malaysia, Kazakhstan

Investor stats

  • Total investments: 167
  • Round size: Seed $50k–$2.5M; Pre-Seed $50k–$75k; Series A $1.8M–$10M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $10M in 2022

Portfolio highlights

  • AidMi — AidMi is an AI clinical assistant that works inside behavioral health EHRs to automate clinical workflows, documentation, billing.
  • CoFab — AI-powered quoting automation agent for high-end manufacturing industries
  • Kamereo — Purchasing platform and Tech-enable Veggie supply for Restaurants in Vietnam
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Asian Development Bank
VC Fund · Mandaluyong, Cavite, Philippines · 1 investments in Malaysia Retail startups

Asian Development Bank is an international development finance institution that provides loans, technical assistance, and grants for economic development in Asia and the Pacific. The organization focuses on poverty reduction and sustainable growth, prioritizing the needs of its poorest member countries. ADB collaborates with governments and organizations to implement development projects. The bank operates in infrastructure, education, health, and environmental sustainability sectors.

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Investment focus

  • Industry: Financial Services, Energy, Renewable Energy
  • Stage:Debt Financing, Post-IPO Debt, Private Equity
  • Geography: India, Indonesia, Vietnam

Investor stats

  • Total investments: 116
  • Round size: Post-IPO Debt $30M–$820M; Debt Financing $14M–$450M; Private Equity $3.6M–$165M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely actively investing — fresh fund, raised $10M in 2026

Portfolio highlights

  • 3cat — 3cat is an omnichannel platform specializing in the purchase, refurbishment, and sale of second-hand smartphones. The company operates through an integrated network of both online and physical retail outlets.
  • Modern Syntex — Modern Syntex Limited is a prominent chemical manufacturing and synthetic textile company that operates as a major producer of man-made fibers. The company specializes in a large-scale, continuous polymerisation and melt-to-yarn project, utilizing advanced, energy-efficient German technology.
  • Fosun United Health Insurance — Fosun United Health Insurance provides a wide range of medical insurance, disease insurance, disability income loss insurance, nursing care insurance, and accident coverage. The company is dedicated to providing high-quality products throughout their lifecycle and developing a comprehensive service system to support them.
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Guangxi Guoxin Commerce and Trade Co., Ltd
VC Fund · 1 investments in Malaysia Retail startups

Investment focus

  • Industry: Software, Retail, Accounting
  • Stage:Pre-Seed, Non-Equity Assistance
  • Geography: Malaysia

Investor stats

  • Total investments: 3
  • Round size: Non-Equity Assistance $122k–$122k
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Fiscal Capital Resources — Software and Server Development, Payment clearing house, settlement company
  • Great Ocean Guoxin (Malaysia) Sdn Bhd — Great Ocean Guoxin ( Malaysia ) encompass both conventional and technological notion in its business portfolio. On top of our conventional trading and finance venture, we took a seat in the technological scene as we believe the biggest macro investment opportunities of the next decade lies in disruptive technologies.We believe that businessshould evolve from time to time with highly informed active management, content adjustment, continuous market analysis and a general cardinal approach.Therefore, we are in line to expand into new business of value & proposition from time to time and move into new areas with primary goal of creating a diversify portfolio with financial gain that our perform the market.
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Golden Gate Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Malaysia Retail startups, 9 in the past 12 months

Golden Gate Ventures is a venture capital firm investing across Southeast Asia. Since 2011, the firm has launched four funds, managed US$250M AUM, and invested in 60+ companies in over 7 countries in Asia. The firm focuses on investing in technology companies driven by the rising consumer class in Southeast Asia.

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Investment focus

  • Industry: FinTech, Software, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: Singapore, Indonesia, United States

Investor stats

  • Total investments: 154
  • Round size: Seed $473k–$6.4M; Series A $1.5M–$15M; Series B $10M–$60M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $100M in 2024

Portfolio highlights

  • 3cat — 3cat is an omnichannel platform specializing in the purchase, refurbishment, and sale of second-hand smartphones. The company operates through an integrated network of both online and physical retail outlets.
  • Triangle — We route, produce and promote tours across the region.
  • Kita Technologies — Kita Technologies uses computer vision and vision language models to transform unstructured documents into structured underwriting data.
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Foxmont Capital Partners
VC Fund · Makati, Manila, Philippines · 1 investments in Malaysia Retail startups

Foxmont Capital Partners invest in Filipino-focused or Filipino-founded early stage technology startups that have proven that they can scale effectively and lead the Philippine digital evolution. Foxmont Capital Partners believe that if a Filipino startup can succeed in the Philippines, it can succeed anywhere.

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Investment focus

  • Industry: E-Commerce, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Philippines, Singapore, United States

Investor stats

  • Total investments: 73
  • Round size: Seed $750k–$5M; Pre-Seed $120k–$1.3M; Series A $4M–$20M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $21M in 2021

Portfolio highlights

  • 3cat — 3cat is an omnichannel platform specializing in the purchase, refurbishment, and sale of second-hand smartphones. The company operates through an integrated network of both online and physical retail outlets.
  • Niber Technologies — Discover the world's most breathable and waterproof PFAS-free membrane by Nibertex. Eco-friendly innovation with top performance. Start your journey today!
  • Eluvo Health — Eluvo Health is a medical-tech enterprise that focuses on female health and educates about their body and overall wellness.
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Cyberview Living Lab Accelerator
VC Fund · 1 investments in Malaysia Retail startups

Overview Living Lab Talent Living Lab Accelerator Living Lab Pilot Living Lab Enterprise

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, Software
  • Stage:Non-Equity Assistance, Grant, Seed
  • Geography: Malaysia, China, Australia

Investor stats

  • Total investments: 40
  • Round size: Seed $8.4k–$53k; Grant $25k–$25k; Non-Equity Assistance $22k–$100k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Reyhut — Reyhut mission is to simplify operators lives by automating the check-in process through the use of passcodes and QR codes.
  • Airlytic — Airlytic's cutting-edge aerial imaging technologies transform industrial workflows. Our proficiency is evident in drone mapping, airborne inspections, and creative solutions that raise the bar for the sector
  • NexoPrima — Integrated clinical systems and diagnostic intelligence for the next generation of patient care.
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Creador
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

Creador is a private equity firm which partners with passionate entrepreneurs to grow world-class businesses in South and Southeast Asia. We are committed to leveraging our regional experience, deep market knowledge and operational expertise to create superior value for our companies and in turn our investors.

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Investment focus

  • Industry: Retail, Financial Services, Manufacturing
  • Stage:Private Equity, Secondary Market, Post-IPO Equity
  • Geography: India, Malaysia, Indonesia

Investor stats

  • Total investments: 55
  • Round size: Private Equity $15M–$67M; Post-IPO Equity $8M–$44M; Secondary Market $2.2M–$113M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — raised $499M in 2021

Portfolio highlights

  • La Renon — La Renon Pvt. Ltd. is one of the top pharmaceutical companies. We are expert in Nephrology, Critical Care, Neurology, Cardiac Metabolism, and more.
  • Repco Home Finance —
  • Shubham Housing Development Finance Company — Affordable housing finance solutions for every Indian household.
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AC Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Malaysia Retail startups

Founded in 2014, AC Ventures is a Southeast Asian venture capital firm that invests in early-stage startups focused on Indonesia and ASEAN, with over US$500 million in assets under management across five funds. The firm’s areas of investment focus on a variety of industries, including digital enablement, financial technologies, agriculture technologies, logistics, e-commerce, consumer technology, MSME solutions, waste management, renewable energy, and sustainability solutions.

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Investment focus

  • Industry: E-Commerce, Financial Services, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, India

Investor stats

  • Total investments: 161
  • Round size: Seed $963k–$7M; Series A $3M–$35M; Series B $12M–$87M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely actively investing — fresh fund, raised $8M in 2025

Portfolio highlights

  • JULO — JULO provides affordable unsecured personal loan (KTA) exclusively to smartphone users.They strive to provide low cost loan product to the masses while ensuring that it's economically viable to their lender partners. This is achieved by exercising prudent underwriting assessments to ensure that approved applicants are both able and willing topay back.They also reward positive behavior by giving cashback bonus and allowing good customers to borrow a higher amount at lower interest rate at loan maturity.
  • Blostem — Launch banking products in days. Single API for FD, RD, Loans & Bonds across 10+ banks. Backed by Zerodha's Rainmatter.
  • ASTRO — Situs Belanja Kebutuhan Harian Online dengan Harga Terjangkau dan Kualitas Terbaik. Pesan Kebutuhan Harian di ASTRO Pasti Sampai dalam Hitungan Menit
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Valuevest Ventures
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

Valuevest Venture investment company offers venture capital, fundraising, investment, funding, and capital investment in Kuala Lumpur, Malaysia. Start your investment journey today and achieve your financial goals with confidence.

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Seed, Series A
  • Geography: Malaysia

Investor stats

  • Total investments: 13
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Payong — A Malaysian instalment-payment service for hospital and clinic bills, coming to clinics across Malaysia.
  • Yoje Group — Yoje Group is the parent company of Almost Human Club, creating spaces centered on human connection, coffee culture, and shared experiences.
  • Ayam Selesa — Ayam Selesa develops ready-to-eat meals focused on convenience, backed by research to meet modern lifestyle needs and everyday occasions.
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TH Capital
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

TH Capital is a Malaysian based Venture Capital firm with strong South East Asian connections. TH Capital is a platform that empowers and accelerates ventures with capital infusion, business consultancy, strategic mentorship and strong networking opportunities. TH Capital occupies a unique position in the Malaysian funding landscape with a strongfocus on technology innovation geared towards nation building activities.

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Investment focus

  • Industry: Apps, FinTech, E-Commerce
  • Stage:Seed, Series B, Series A
  • Geography: Malaysia, Singapore, United States

Investor stats

  • Total investments: 12
  • Round size: Seed $450k–$1.5M; Series A $6.8M–$12M; Series B $1M–$15M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Ksher — Ksher provides you a user-friendly portal to expand your business and attract your target consumers.
  • Nuel — Nuel is a Supply chain management software company that offers data analytics, inventory mitigation, and data forecasting solutions.
  • Versa Asia — Versa is a digital wealth management app that makes saving and investing easy and accessible, so you can achieve financial wellness.
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The Radical Fund
VC Fund · Bangkok, Krung Thep, Thailand · 1 investments in Malaysia Retail startups

A climate fund for founders building radical ventures - that (probably) don't look like climate companies.

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Investment focus

  • Industry: Software, Biotechnology, Solar
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Indonesia, Singapore, Malaysia

Investor stats

  • Total investments: 10
  • Round size: Seed $1.5M–$3.1M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $40M in 2023

Portfolio highlights

  • Terra Oleo — Terra Oleo pioneers microbial technology to create sustainable fats & oils, offering cost-effective alternatives to palm oil & cocoa butter.
  • N&E Innovations — Our Kitchen solutions include our heavy duty countertop laminates and surface spray coatings that provide a 90-day long protection that is effective against
  • Dash Electric — Democratizes access to driver as a fleet solutions. Provides a crucial delivery infrastructure for business by leveraging the power of EV.
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Cradle Fund
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

WHO IS CRADLE?Cradle Fund Sdn Bhd (Cradle) is Malaysia's early stage start-up influencer, incorporated under the Ministry of Finance Malaysia (MOF) in 2003 with a mandate to fund potential and high-calibre tech start-ups through its Cradle Investment Programme (CIP).Throughout its 13-year history, Cradle has helped fund over 700Malaysian tech start-ups and holds the highest commercialisation rate amongst government grants in the country. Having more than a decade of experience in the nation's grant funding scene, Cradle further expanded its role from grant provider to investor through the establishment of its venture arm, Cradle Seed Ventures in 2015 and following its portfolio expansion to equity investment in early 2017, Cradle now offers both funding and investment assistance. Cradle's product offerings are not only restricted to monetary aid, but also include commercialisation support, coaching and various other value-added services to cater today's entrepreneurs' diversified needs.OUR MISSIONTo be the leading pre-seed, seed and start-up stage funding agency in Malaysia, that provides effective grant and equity funding, commercialisation support, coaching, and industry value-add to accelerate the growth of start-up companies.Cradle Fund Sdn Bhd is based in Kuala Lumpur, Malaysia.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Grant, Seed, Pre-Seed
  • Geography: Malaysia, Singapore, United States

Investor stats

  • Total investments: 52
  • Round size: Seed $185k–$787k; Grant $22k–$117k; Pre-Seed $62k–$75k
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • DasAR — DasAR provides a hassle-free and cost-efficient, no-code web-based AR solution. In less than an hour, businesses can subscribe, upload 3D models, link a custom domain, and launch their own mobile responsive AR website, enabling customers to visualise products in real-life settings. Our placement formula showcases objects in their accurate sizingbased on real-world distances, particularly useful for heavy, bulky, and high-value items. With our value of accessibility, practicality, and community, DasAR democratises AR technology. Accessibility is ensured through our self-serve web platform, eliminating customised App development. Practicality extends beyond just visualisation, as our 3D models dynamically react to real-world distances, illustrating precise space usage at home or at work. As our platform evolves, it will foster collaboration among businesses, 3D modellers, and consumers, creating a community for support.
  • Axtraction AI — Axtraction AI provides innovative document AI solutions for precise and efficient regulatory compliance in banking, financial services, and insurance (BFSI).
  • EasyM Mechandiser Sdn Bhd — Tired of manual reporting? Our Best Merchandising App in Malaysia provides FMCG Sales Force Automation to simplify outlet audits, orders and sales visibility.
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Falnas Capital
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

Falnas Capital is an investment firm focused on developing world-class businesses within Malaysia and globally.

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Investment focus

  • Industry: Shopping, Automotive, E-Commerce
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Malaysia, India, Indonesia

Investor stats

  • Total investments: 17
  • Round size: Seed $241k–$7M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Rena World — Rena World is a nicotine pouch manufacturer with a brand-new, state-of-the-art facility in Texas, bringing its pharmaceutical background to oral pouches.
  • Naza Communications — Naza Communications is a privately held telecommunications infrastructure company providing modern network solutions across Malaysia, focusing on tower development and connectivity projects. With strong engineering capabilities and an integrated approach, it supports the country’s growing and evolving communications needs.
  • Canyon Global Partners — Canyon Global Partners is a real estate firm focused on developing and acquiring hotels and resorts. Established in 2023, it also provides advisory services in asset management, project management, and hospitality development, with a strategic focus on the United States.
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TheVentures
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 1 investments in Malaysia Retail startups

TheVentures provides their portfolio companies access to on staff world class experts in recruiting, PR, marketing, early stage customer acquisition, raising money, and strategy. They even provide engineering and design support, co-building products with the founding team, while assiting in hiring those difficult to recruit early engineers.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: South Korea, United States, Vietnam

Investor stats

  • Total investments: 153
  • Round size: Seed $74k–$1.4M; Pre-Seed $72k–$2M; Series A $1.1M–$5.1M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fresh fund, raised $7M in 2025

Portfolio highlights

  • Group by — Group by is a recruitment platform for start-up career developer
  • Sans — Sans is the first alternative coffee brand in Korea to replicate the taste and aroma of coffee without using beans, and it is the only brand in the world to operate specialty alternative coffee stores. Instead of coffee beans, which are designated as one of the "five endangered crops," Sans developed an alternative coffee similar toAmericano by combining 12 ingredients, such as jujube seeds, chicory roots, and barley, which are easy to grow in greenhouses in any country regardless of climate change.
  • Libra Health — Libra Health develops menstrual-cycle-focused sports nutrition products for female athletes.
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Pembangunan Ekuiti
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

Pembangunan Ekuiti is a Venture Capital Management Corporation.

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Investment focus

  • Industry: Retail, Grocery, E-Commerce
  • Stage:Pre-Seed, Series A
  • Geography: Malaysia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Tuulyn — Best way to buy groceries, fresh meat, fish, vegetables, fruits & more online. Everyday Delivery 9am-9pm in the Klang Valley. Quick, Convenient, Fresh.
  • BioGenes Technologies — Biogenes Technologies is a Malaysian-based company in the field of biotechnology, especially in molecular diagnostics and genomics. We develop and commercialise technologies from this field for applications ranging from human healthcare to animal health, agriculture and environmental.
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TA Ventures
VC Fund · Frankfurt, Hessen, Germany · 1 investments in Malaysia Retail startups

TA Ventures is a global, network-driven VC firm investing in early-stage tech startups that redefine the industries of tomorrow. We typically write initial checks of $100-250K for Pre-Seed and Seed companies and actively provide follow-on investments. We pride ourselves on swift execution, hands-on support, and leveraging our extensive international network. By connecting our portfolio companies with growth-oriented co-investors, we help them scale effectively through subsequent funding rounds. Additionally, we draw on our deep industry expertise to offer portfolio companies and partner VCs access to top-tier, cost-efficient R&D talent.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Germany, India

Investor stats

  • Total investments: 294
  • Round size: Seed $426k–$6M; Pre-Seed $150k–$2.3M; Series A $2.5M–$28M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Willidrop — Willidrop is a B2B automotive logistics platform that optimizes cross-border vehicle transportation. The company provides a unified digital coordination layer that integrates real-time pricing, carrier matching, live tracking, and digital proof of delivery into a single workflow.
  • SpeedLabs — Live sports trivia questions. The best form of fan entertainment and engagement!
  • Native Commerce — A unified e-commerce platform combining CMS, OMS, WMS, Delivery & Logistics to help modern retailers operate, scale & deliver great e-commerce experiences.
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Alta Group
VC Fund · Singapore, Central Region, Singapore · 1 investments in Malaysia Retail startups

Invest or sell private companies, funds and alternative assets with Fundnel, Southeast Asia's largest private investment technology platform, licensed and regulated by MAS

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Investment focus

  • Industry: EdTech, Retail, Medical
  • Stage:Seed, Pre-Seed, Equity Crowdfunding
  • Geography: India, Malaysia

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Eatcosys — Your Comprehensive Retail Scaling Solution
  • Impact Guru — ImpactGuru is a No.1 crowdfunding platform in India offering fundraising solutions for medical treatments, emergencies, NGOs & startups. Start a crowdfunding campaign now!
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RHL Ventures
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

RHL Ventures is a Multi-Stage Venture Capital Investing Across Southeast Asia based in Malaysia. We invest actively from Series A across different asset classes and industries.

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Investment focus

  • Industry: E-Commerce, Health Care, Financial Services
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Malaysia, Singapore, Indonesia

Investor stats

  • Total investments: 22
  • Round size: Seed $500k–$13M; Series A $1M–$25M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $72M in 2022

Portfolio highlights

  • Ouch — Ouch specializes in insurance services in Kuala Lumpur, Malaysia.
  • RPG Commerce — RPG was established in 2017 to build the next generation of global consumer brands by disrupting the retail industry.
  • Yisheng — Yisheng is a digital service platform for door-to-door car washing.
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MRI VC Berhad
VC Fund · Senai, Johor, Malaysia · 1 investments in Malaysia Retail startups

MRI VC Berhad is an Investment Holding Company that focuses on the energy, financial, enterprise, healthcare, internet, halal food for startups, pre-IPO and listed company. The firm helps a small number of daring founders build legendary companies. Its spurs them to push the boundaries of what’s possible.

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Investment focus

  • Industry: Hotel, Retail, Soccer
  • Stage:Seed, Angel, Series B
  • Geography: Malaysia

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • UZ Hotel Berhad — Founded in 2017, We had successfully acquired and managed more than 70 hotels and resorts, with a total of more than 2300 rooms selling across Malaysia and Indonesia while the numbers are still growing!Beyond this challenging environment, we have adopted the new norm approach and continues to review processes and procedures to ensure all areameets our stakeholders’ needs in real-time. We remain committed towards the cleanliness and comfortability of our hotel rooms for our valued customers at all times.We are also committed towards introducing Muslim Friendly Hotels and is always determined in having a policy in promoting Muslim Friendly principles, provide sincere services, clean rooms as well as affordable rates while ensuring a valued experience for our guest. Our goal in having a sustainable development and continuous improvement towards achieving to be the Largest Syariah Hotel Chain and successfully listed on local and international stock exchange market.
  • Unclezam Holding Berhad — The Unclezam Holding Berhad is an investment holding that focuses mainly on halal companies that involve in Food & Beverages, Syariah-based Hotel, Pharmaceutical, and Halal Meat Production in Mongolia. Our company gives full concerns on producing wholesomeness and high-quality products hence, Halal signifies a very important part as we servewith rigorous controlling and checking throughout the supply chain. We are a Pre-IPO company designed to be a Halal Unicorn company by 2022 to 2023 for implementing Merger & Acquisition of quality Food & Beverages companies throughout Asia. We believe that cold chain management is valuable for our company to reach the next level towards achieving the highest value to our customers, thus, to rewards our shareholders and stakeholders. Our main halal factory, UZ Food Berhad is located in Selangor, Malaysia. Our business activities and products including the production of frozen food, wholesale, halal meat, event catering and, supplier of airline food and catering to the top airlines namely Qatar Airways and Malaysia’s very own Malaysia Airlines (MAS). We have more than 20-years’ experience in producing high-quality ice cream and ready-to-eat products. We also run Research & Development activities, our current project including producing new products from the Jackfruits imported directly from our very own Jackfruit Farm (Ladang Nangka) located in Johor. Our target is also to implement the Plant-based Meat formula using our jackfruit, which is currently in the process of R&D. Some of the productions that are now marketed is Nangka O’ Bites, a jackfruit-based nugget. Zamburger (M) Sdn Bhd, one of our subsidiaries has acquired frozen food and wholesale supplies retail, AhMart Sdn. Bhd. We currently have seven marts, with six all across Johor, one in Serdang, and many more coming soon. Zamburger’s headquarters is currently located in Desa Cemerlang, Johor Bahru. Zamburger, too, has been supplying frozen burger products to many burger sellers all across Johor and our recent Zamburger Kelantan located in Kota Bharu. Recently, Unclezam Holding has acquired a Rice-producing company, Inayu Global Sdn Bhd in which we produced our very own rice products under the brand Unclezam Rice. Inayu Global’s warehouse is currently located in Shah Alam producing high-quality rice products daily and we actively distribute thousands of rice packages to hundreds of our official distributors. Some of our main distributors including Mydin, Jaya Grocer and St. Rosyam and we are aiming for bigger distributer company to supply our products in the very near future. We are also focusing on our Halal slaughterhouse called Unclezam Halal Hub LLC in Mongolia. Unclezam is taking this opportunity to expand its business prior to the lack of halal meat production in Mongolia. Our slaughterhouses will be located in Erdeson and Tosesongel while the meat processing hub will be located in Ulaan Baatar. Unclezam has successfully been audited and certified by the following food safety bodies, which are Hazard Analysis and Critical Control Point (HACCP) and Good Manufacturing Practices (GMP) with 200 halal certificates recognized by Top famous halal-certified body; JAKIM.
  • The Red Warriors FC — The Red Warriors FC Berhad is a professional football club based in Kota Bharu, Kelantan, Malaysia. The football team has played in the second tier of Malaysian football, Malaysia Premier League since 2019. Founded in 1946, they have a long-standing rivalry with Terengganu, the two east coast teams involved in what is known as the East Coast Derby.Their home is the 22,000-seat Sultan Muhammad IV Stadium. Kelantan's regular kit colours are red shirt and shorts with a white pattern on the side. The team had their first major success in the 2012 season when they have won the treble which is the Malaysia Super League championship, Malaysia FA Cup, and Malaysia Cup. Domestically, TRW has won the Malaysia Super League Championship on 2 occasions, most recently in the 2012 season, 2 Malaysia Cup titles, 2 Malaysia FA Cup titles, 1 Charity Shield, and 1 Malaysia Premier League title. 2012 was their debut playing in the AFC Cup. They played well in the group stage to gain first place. However, the team lost in the quarter-final to Erbil SC. On 6 September 2020, Kelantan FA was privatized and is now owns by Norizam Tukiman, Group CEO of Unclezam Holding Berhad Group of Companies for RM 6.8 million. The reason he purchases the club is to save the club from bankruptcy with former player debts that too high. For 2021, as part of the effort to revamp Kelantan FC and also to bring the Club back to its glory days, Norizam Tukiman reshuffle the whole structure of the Club from the coaching staff to the players.Almost 90% of the players for 2021 season are new players and the native of Kelantan. Kelantan FC also successfully appointed a new line-up of the coaching staff, led by Marco Ragini, to install Italian DNA in Kelantan FC. Apart from restructuring the Club’s line-up, the Management also had taken an effort to slowly acquire assets for the Club such as TRW Hotel & a 4 wheel-drive. The club aims to be qualified in the Malaysian Super League by the year 2024.On 3 May 2021, in one of the most shocking news both in Malaysia and Indonesia, Kelantan FC’s owner, Norizam Tukiman makes another move to expand his empire by purchasing an Indonesia club, PSPS Riau which currently competes in Liga 2, Indonesia. The acquisition opens up opportunities for both Kelantan FC and PSPS Riau to establish long-term cooperation for the mutual benefits of both Clubs.
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SIG China (SIG Asia Investments)
VC Fund · Shanghai, Shanghai, China · 1 investments in Malaysia Retail startups

SIG's China venture capital and private equity activities are operated through SIG Asia Investments, LLLP (SAI) and its wholly foreign owned enterprise (WFOE) based in Shanghai with a branch office in Beijing. The SIG China team seeks to commit the firm’s capital to venture capital and private equity investments in China. SAI is a member of the Susquehanna International Group of companies (SIG), which has evolved over the past 20+years into a leading financial institution focusing on trading and market making, institutional sales and research, private equity, and venture capital. With more than 1,400 employees across offices worldwide, SIG’s professionals develop ideas in an entrepreneurial environment, taking full advantage of SIG’s cutting edge technology and quantitative research. SIG is committed to expanding its global businesses in China. As part of that effort SAI has been mandated to commit SIG's proprietary capital in VC and PE investments in companies operating in the PRC.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 270
  • Round size: Series A $3M–$31M; Series B $8M–$53M; Series C $15M–$150M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2009

Portfolio highlights

  • xMEMS — xMEMS Labs is driving the future of Edge AI with pioneering solid-state MEMS speakers and micro-cooling technology, delivering breakthrough silicon audio, fan-on-a-chip thermal management, and piezoMEMS innovations for AI wearables, intelligent eyewear, smart glasses, earbuds, headphones, mobile devices, and next-generation consumer electronics.
  • RapidBox — Rapidbox is ecommerce website for footwear and fashion accessories
  • Kabest Coffee — Kabest Coffee is a beverage manufacturing company that engages in the production and sales of coffee. The company also engages in brand management, wholesale of edible agricultural products, and sales of unprocessed nuts and dried fruits.
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Retail VC funding in Malaysia at a glance

Stats across 48 deals from 54 investors.

54
investors
in Malaysia Retail startups
48
deals
in Malaysia Retail startups
$1.2M
median round
in Malaysia Retail startups
46%
lead investors
lead at least one round
35%
Seed
most common funding stage

Access all 54 VC funds in Malaysia Retail startups.

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