ScaleUp Malaysia, Quest Ventures invest in 11 companies

Digital News Asia

LOCAL accelerator ScaleUp Malaysia, which launched its second cohort of 20 companies in October 2020 in partnership with Quest Ventures, has selected 11 companies for their second cohort, disbursing a total of US$676,000 (RM2.75 million).

These 11 companies will receive an investment of US$61,844 (RM250,000) each to grow their business regionally, the company said in a statement. Diversity was also a highlight of this cohort, as 65% of the scaleups selected consisting of women founders.

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