Women founders took center stage as ScaleUp Malaysia and Quest Ventures announced the selection of the Top 11 companies in their second cohort. Sixty-five percent of the scaleups selected consisted of women founders. Quest Ventures and ScaleUp Malaysia disbursed a total amount of RM2,750,000 (US$680,185) in investments for Cohort 2. These companies will receive an investment of RM250,000 (US$61,844) each to grow their business regionally in their #Quest2Scale.
“We had some amazing companies joining us as part of this cohort and we are proud of how far each of them has progressed in the program. This was a very difficult decision but ultimately, the investment committee selected the companies that they believed had the potential to grow their business regionally with the support of our partner, Quest Ventures,” said ScaleUp Malaysia Managing Partner Tay Shan Li in a press statement.(more…)