MAVCAP (Malaysia Venture Capital Management Berhad)
Directory: VC Companies in Malaysia
Overview
| Field |
Details |
| Founded |
2001 |
| HQ |
Kuala Lumpur, Malaysia |
| Owner |
Ministry of Finance Malaysia (100%) |
| Type |
Government-owned Venture Capital |
| Status |
Malaysia's largest venture capital company |
| Focus |
ICT and high-growth sectors |
MAVCAP (Malaysia Venture Capital Management Berhad) is Malaysia's largest and oldest government-owned venture capital firm. Wholly owned by the Ministry of Finance, MAVCAP has a national mandate to develop Malaysia's venture capital ecosystem, fund high-growth technology startups, and attract international co-investors to Malaysia. MAVCAP operates both direct investment funds and fund-of-funds vehicles, making it a multi-layered player in the ecosystem.
Investment Focus
Stages
- Seed
- Series A (primary direct investment)
- Series B (follow-on)
Sectors
- Information & Communication Technology (ICT) — primary mandate
- Fintech
- AI & data analytics
- Cybersecurity
- Healthtech
- Digital media
Geographies
- Malaysia-incorporated companies (primary)
- Malaysian founders in SEA
Ticket Sizes
- Direct investment: RM2M–RM20M
- Fund-of-Funds allocations: RM10M–RM50M per fund
Fund Vehicles
Direct Investment Fund
- Equity investment in Malaysian tech startups
- Active board participation
MAVCAP Fund-of-Funds
- Backs domestic and international VCs operating in Malaysia
- Partners with top-tier global VCs to bring foreign capital to Malaysia
- Previous partners include: Vertex Ventures, Jungle Ventures, others
Co-Investment Programme
- Matches private sector investment dollar-for-dollar in select sectors
- Designed to de-risk early institutional investment
Portfolio Highlights
| Company |
Sector |
Notes |
| Soft Space |
Fintech |
Growth stage |
| Aerodyne |
Drone Tech / AI |
Series C |
| Katsana |
Fleet Management |
Growth |
| Datasonic |
Digital Identity |
Listed company |
| Various ICT |
Software, services |
Across cohorts |
Team & Leadership
| Name |
Role |
| Shahril Effendi Ibrahim |
CEO |
| Investment Team |
Available at mavcap.com.my |
How to Pitch
- Apply via mavcap.com.my contact form or email info@mavcap.com.my
- Must be Malaysia-incorporated with clear ICT/tech component
- Government-linked processes: expect longer due diligence (3–6 months is common)
- Prepare: audited financials, business plan, IP documentation, team credentials
- MAVCAP values: commercial viability, job creation, technology innovation
Notes & Recent News
- MAVCAP has invested in 70+ companies across multiple fund generations since 2001
- Its fund-of-funds programme has attracted Vertex Ventures (Southeast Asia) and others
- Critical player in bridging early-stage gap in Malaysian market
- Slower decision process than private VCs but provides credibility and government network access
- Also participates in Malaysia Digital Economy Blueprint initiatives
Last updated: 2026-05-06