Malaysia is home to a growing startup ecosystem, with a rapidly increasing number of startups and venture capital firms. In recent years, the Malaysian government has taken various initiatives to support and promote the growth of the startup sector, including tax incentives, funding programs, and acceleration programs. The following is a summary of the fundraising environment for startups in Malaysia:
Growing Industries:
Some popular startups in these industries include Lazada, Grab, and Fave in e-commerce; SoftSpace in fintech; and Biji-biji Initiative in agtech.
Amount of Startups:
According to the Global Startup Ecosystem Report, there are an estimated 1,400 startups in Malaysia as of 2021, with a strong focus on technology-based industries.
Active Business Angels and VCs:
These investors provide funding and support for early-stage startups and help them grow and scale.
Source of Funds:
The majority of funding for startups in Malaysia comes from venture capital firms, with a smaller percentage coming from angel investors and government funding programs.