New Straits Times
For Singapore-based regional firm Quest Ventures – who counts 2 sovereign wealth funds as investors, this will be the second year of its partnership with ScaleUp Malaysia. It has already invested in 10 Malaysia companies and will further invest in ScaleUp Malaysia Cohort 3 demonstrating its commitment and belief in the Malaysian market. Quest Ventures has selected 15 Companies to be a part of their track.
Quest Ventures’ partner, Jeffrey Seah, said that Malaysian founders are plucky, and have never been short of financial investment options. “Their perennial challenge remains to find financial investors with established go-to-market networks outside of Malaysia. Those business introductions will provide product validation and pricing models that will unlock the potential of the Scaleup companies, and guide the companies in the following stages of venture funding,” he said.
“Our experience with Malaysian founders and companies have been rewarding – they have unappreciated potential that can be unleashed to the Southeast Asia region with the right support,” he added.
The companies selected for the Quest Ventures track are: Jazro Tech, MADCash, Traitily, GuruInovatif, SpareXHub, Nanka, Vireserve, Open Academy, Hav., PantangPlus, J8 Autism, Graze Market, WeGo, Wa Sushi and Biztech.Asia.