ScaleUp Malaysia teams up with two VC firms for launch of third cohort

Tech in Asia

ScaleUp Malaysia, an accelerator focused on growth-stage firms, announced the launch of its third cohort today.

Applications for the cohort are now open, with venture capital firms Quest Ventures from Singapore and Indelible Ventures from the US joining to support shortlisted Malaysian scale-up companies.

Quest Ventures, which also supported the accelerator’s second cohort, will co-invest in up to seven companies, while Indelible Ventures will co-invest in up to five firms. The investment partnerships will bring around US$1 million in total investments for the third cohort’s expected 20 applicants. Each participant will receive at least 250,000 Malaysian ringgit (US$59,000) when the program starts in October.

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