Global venture capital firm Antler has partnered with Khazanah, the sovereign wealth fund of Malaysia, to bolster the Malaysian startup ecosystem. The collaboration aims to provide Malaysian entrepreneurs and startups access to Antler’s global platform, enabling them to establish themselves as prominent companies internationally.
Antler, a prominent global venture capital firm, has announced a strategic partnership with Khazanah, the sovereign wealth fund of Malaysia, to support and accelerate the growth of the local startup scene. This collaboration is a significant milestone for Khazanah’s Future Malaysia Programme, aimed at fostering entrepreneurial talent and promoting global competitiveness.
Antler’s extensive global network and expertise in early-stage investments make it an ideal partner for Khazanah’s Future Malaysia Programme. Through this alliance, Malaysian entrepreneurs and startups will gain access to Antler’s platform, enabling them to establish themselves as leading companies in the global market.
Anticipating the launch of its Kuala Lumpur office, Antler is set to invest in over 30 startups across Malaysia in the next three years. The partnership will kick off with the Venture Generation Program in October 2023, offering comprehensive support to startups from their earliest stages through significant growth phases.
Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah, expressed his enthusiasm for the collaboration, stating, “This partnership marks another milestone for our Future Malaysia Programme, which aims to elevate Malaysian ideas and businesses to international competitiveness.”
Antler’s unique approach, known as “Day Zero investing,” sets it apart from other entrepreneurial programs. It encompasses co-founder matching, business model validation, initial capital investment, expansion assistance, and follow-on funding, providing comprehensive support to founders throughout their startup journey.
This strategic partnership between Antler and Khazanah is expected to drive the growth trajectory of Malaysian entrepreneurs and startups, empowering them to expand internationally and achieve success. It represents a significant step towards establishing Malaysia as a thriving hub for innovation and entrepreneurship. – Business Today