Digital News Asia
ScaleUp Malaysia today launched Cohort 3 of their programme targeting high growth scaleups. In launching Cohort 3 ScaleUp Malaysia announced that they have entered into partnerships with two venture capital firms, Singapore-based Quest Ventures and US based Indelible Ventures to be part of their effort to further scale chosen scaleups. Collectively these firms bring access to partners, investors and other networks in Southeast Asia and the United States, accelerating targeted growth.
Quest Ventures, a regional venture capital firm based out of Singapore enters its second year of partnership with ScaleUp Malaysia having successfully worked hands-on with 20 scaleups and co-investing into 10 in Cohort 2.
Jeffrey Seah, Partner of Quest Ventures said, “Our experience working with the ScaleUp Malaysia team in their second cohort served to affirm our belief in the potential of Malaysian founders. In Cohort 3 we aim to go further by helping founders expand their mindsets and refine their approaches in scaling their businesses, and in exposing them to our networks in the region and around the world.”
The 20 companies shortlisted from the Cohort 3 applications will begin their accelerator journey in October 2021 before pitching in front of the Investment Committee at the end of the programme. As part of the partnership, ScaleUp Malaysia Cohort 3 powered by both Quest Ventures and Indelible Ventures will invest at least US$59,000 (RM250,000) in the companies selected by the Investment Committee.