MAVCAP was incorporated in 2001 by the Malaysian Government and is the nation’s largest venture capital (VC) firm which focuses on investments in the local information, communications and technology sector (ICT).
MAVCAP was established to realize the Government’s vision to develop the VC industry and encourage entrepreneurship in the technology sector. In order to deliver on the mandate given, the Company on its part has made the following its mission:
Wholly owned by the Minister of Finance Incorporated, the Company was allocated RM970 million under it's management
The firm provides an alternative source of high-risk financing for start-ups, seed capital and early stage ventures in the ICT sector and high-growth industries.
The Company commonly invests for a period of 5 – 8 years in seed, start-ups and early stage companies, during which it holds a Board position and drives key management decisions. Initial investments of RM1 million – RM3 million are complemented with Mezzanine allocations valued at RM5 million – RM10 million to fund companies through to the pre-IPO stage.
In later stage investments, MAVCAP typically invests between 3 - 5 years.
MAVCAP is the most active investor in the ICT and high tech industry, through its direct and seed ventures and has invested in close to 90 companies. Its core focus is:
To date MAVCAP has seen the listing of six portfolio companies in exchanges in Malaysia, Singapore and the United Kingdom.
Since 2001, the Company has funded more than 258 entrepreneurs and created more than 1,200 jobs in the high tech sector in Malaysia.
As of December 31, 2007, MAVCAP through its investee companies has produced more than 100 high tech products and services that have penetrated markets in China, Vietnam, Philippines, Indonesia and the United States.
