Left to right: Jeffrey Seah (Quest Ventures), Xelia Tong (ScaleUp Malaysia), Kevin Brockland, CFA (Indelible Ventures)
ScaleUp Malaysia, an accelerator programme that focusses on growth-stage companies in Malaysia, in partnership with Quest Ventures, Indelible Ventures, and Mranti, today announced the 11 companies from its third cohort that have raised investments from the investors.
Kicked off August 2021, ScaleUp Malaysia said that it drew over 200 applications from 26 countries including Malaysia, the US, Egypt, Indonesia, Singapore and Japan. Twenty companies were shortlisted to participate in Cohort 3 and placed into separate tracks, giving them exclusive access to Quest Ventures and Indelible Ventures respectively over the course of 16 weeks.
Each company will receive up to US$60,000 (~MYR250,000) in investment.
The following is a list of the companies and the tracks they were grouped in:
Quest Ventures track
GuruInovatif
A platform that provides complete online resources for teachers’ professional development.
MADCash
A digital platform that tracks the impact of funding an interest-free microloan given to unbanked women micro-entrepreneurs.
Also Read: 25 notable startups in Malaysia that have taken off in 2021
Open Academy
An education platform that provides real, non-theory based programmes, training, and content by industry practitioners.
SpareXHub
Provides an e-commerce marketplace for genuine auto spare parts. They believe Every Part Has A Car and this marketplace brings together automotive stockists, independent workshops and car owners in Malaysia’s first platform, where heavily discounted and guaranteed genuine car parts are sourced and sold in complete confidence.
VireServe
A Managed Service Provider that focuses on Cyber Security and IT Solutions. The platform can be used as a tool for freelancers and/or consultants to perform compliance consulting and act as lead generation to Service Providers (Technology Principals & System Integrators).
WA Sushi
An F&B e-commerce company, building “quality food made for delivery”. WA in Japanese means peace, harmony and the company’s mission is to “deliver happiness through great food”.
Indelible Ventures track
Howuku
An online platform that offers an all-in-one web optimisation and analytics solution. They provide a set of easy to use UX testing tools to help you visually understand your visitors so you can focus on improving conversion rates.
Kumo
A SaaS provider for the beauty and medical aesthetics industry.
Midwest Composites
A go-to Engineered Composites Partner. They design and manufacture Advanced Composites and Biobased Composites for customers that want to use futuristic materials in their products.
Also Read: How Malaysian workplaces need to manage the impact of “coronastress”
New investments by ScaleUp Malaysia
RECQA
A knowledge sharing platform for team members to share learnings and other relevant information and contribute to an organisation’s collective intelligence.
BizTech Asia
A cross-media and marketing B2B platform that enables business to business marketing for our clients via scheduled video & podcast content as well as networking & corporate gaming events.
BizTech Asia and RECQA are alumni from the programme’s second cohort. Quest Ventures and Indelible Ventures also announced that it is looking to announce one or two more companies at a later date.
ScaleUp Malaysia has also opened registration for startups to state their interest to participate in Cohort 4.
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Image Credit: ScaleUp Malaysia
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