The program will enhance growth prospects for the SMEs in Southeast Asia
RHL Ventures, The Malaysian private investment company launched its accelerator program aimed at SMEs which are growing and aimed their business on contemporary technologies. The start-up began its operation in 2016, as an investment advisory group. The firm is a multi-family venture that combines expertise in investment, corporate advisory, and capital markets to enhance growth prospects for SMEs in Southeast Asia.
Rachel Lau, RHL Ventures managing partner said, “Our new accelerator program underlines our firm’s stronger refocusing of efforts to grow Malaysia’s entrepreneurial and investment ecosystem along more sustainable lines.”
The program was launched on 26 November as it was announced to the press and the event was also be remembered for the opening of the firm’s new corporate office in Kuala Lampur. At the beginning of this year, the company initiated funding local SMEs, which are at preliminary stages of growth by providing 24.3 million US dollars.
Local SMEs will be direct beneficiaries of this initiative
The SME Corporation Malaysia also participated in this initiative, which comes under the Ministry of Entrepreneur Development Malaysia. The company earlier focused on providing financial support to these start-ups but the company wants its fund to be used in the broader aspect of the business.
The firm concentrating on the Malaysian start-ups, at the starting of this year the company invested in HealthMetrics, the healthcare management platform. February of this year saw the company funding Atap.co, an online interior design marketplace. Ride Jakarta, Signature Market, and Alami are some other start-ups that got the financial backing of RHL.