ScaleUp Malaysia, Quest Ventures invest over $680k in 11 growth-stage startups

Tech in Asia

ScaleUp Malaysia and Quest Ventures on Tuesday announced that they will invest over 2.7 million Malaysian ringgit (US$680,185) in 11 growth-stage startups in the country, supporting the businesses’ regional expansion plans.

The young companies, coming from sectors such as education, waste management, logistics, advertising, and agriculture, are a part of ScaleUp Malaysia’s second cohort. They will run through a three-month intensive business coaching program and receive an investment of 250,000 Malaysian ringgit (US$61,844) each.

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