KUALA LUMPUR, 26 November 2019 – Malaysia-based private investment firm RHL Ventures today announced that it has launched an accelerator programme to identify and scale Malaysian businesses dealing in emerging technologies. In an event which also marked the inauguration of RHL Ventures’ new office in Kuala Lumpur, the firm also organised a dialogue featuring insights from leading figures within Malaysia’s government and corporations.
RHL Ventures made the programme’s announcement during a press conference hosted by the firm’s Managing Partners, Rachel Lau and Raja Hamzah Abidin, as well as General Partner Jo Jo Kong. During this session, the Partners took the opportunity to share their opinions and insights with the media on the firm’s upcoming plans to nurture Malaysian companies that have high potential in scaling their innovations within the domestic market and abroad.
The event then later followed with the inauguration of RHL Ventures’ new office, which began with a panel discussion comprising Yang Berhormat Syed Saddiq Syed Abdul Rahman (Minister of Youth and Sports of Malaysia), Yang Mulia Tengku Dato’ Sri Zafrul Tengku Abdul Aziz (Group Chief Executive Officer & Executive Director of CIMB Group Holdings Berhad) and En. Jalil Rasheed (President and Group CEO, Permodalan Nasional Berhad). Their deliberations centred around the state of Malaysia’s SME and entrepreneurial ecosystems. Particularly, it focused on what efforts they need to take to scale in a new era of industry underpinned by business innovation and technological transformation, as well as the significant role that investors need to take to promote sustainable economic growth.
“Our new accelerator programme underlines our firm’s stronger refocusing of efforts to grow Malaysia’s entrepreneurial and investment ecosystem along more sustainable lines,” said Rachel Lau, Managing Partner of RHL Ventures. “With Malaysia’s innovation landscape now being more vibrant and dynamic than ever before, we are looking forward to identify and work with the country’s best and most forward-thinking businesses – helping them to scale their innovations and grow them to become local and global champions.”
As part of its drive to support the growth of local businesses and entrepreneurs, RHL Ventures earlier this year announced that it would raise a RM100 million fund to support the growth of local SMEs. The company also has several homegrown technology firms in its investment portfolio; including healthcare software-as-a-service (SaaS) company HealthMetrics, healthy snacks e-commerce platform Signature Market and online interior design marketplace Atap.co.
About RHL Ventures
Founded in 2016, RHL Ventures a multi-family private investment firm headquartered in Malaysia who champions growth for the best businesses in Southeast Asia.
Currently led by Rachel Lau, Raja Hamzah Abidin and Jo Jo Kong, the firm pools its extensive regional experience in investments, corporate advisory and capital markets to drive transformative growth for ASEAN-linked start-ups as well as small and medium size enterprises.
For more information, please visit: https://rhl.ventures/