With over $7.64 M in funding, Khazanah’s Jelawang Capital supports over ten startups
Through Jelawang Capital, Malaysia’s National Fund of Funds, the state-owned fund Khazanah Nasional Berhad announced on Tuesday that its first five fund managers have supported over ten startups and stimulated over MYR 30 million ($7.64 million) in crowded-in capital.
According to a statement from Khazanah, Dana Impak kept expanding Malaysia’s economic complexity and opening up new growth opportunities under the Transforming Firms pillar last year.
The company claims that under Dana Impak, transformation projects in mid-tier businesses have helped more than 40 businesses boost productivity, enhance investor readiness, and fortify operations.
Through strategic fund partnerships, Khazanah has also made it possible for three Malaysian semiconductor and advanced manufacturing companies since 2024, opening doors for local players to grow.
Dana Impak, a US-based leader in edge artificial intelligence (AI), has doubled its production capacity and created about 800 jobs for Malaysians as a result of its investments in Syntiant.
Despite increased geopolitical and geoeconomic uncertainty, Khazanah reported strong performance for the year that ended on December 31, 2025.
The company’s 5.2 percent return for the fiscal year 2025 and net assets of MYR 105 billion ($26.73 billion) at the end of the year were supported by long-term value creation and strict portfolio management.
The company’s seven-year rolling annualized return of 6.1 percent also demonstrated its long-term stewardship and strategic risk appetite.
“Aligned with our strategy of Advancing Malaysia, Khazanah has continued to consistently fulfil its duty to grow Malaysia’s long-term wealth through risk-adjusted returns, creating value beyond financial outcomes by building capacity and vibrant communities. Supporting the Ekonomi MADANI agenda of raising both the floor and ceiling of our economy remains a priority of ours,” said Amirul Feisal, the Managing Director of Khazanah.
Khazanah reflected Malaysia’s steady growth momentum, which was bolstered by progressive policies and the country’s geopolitical neutrality, despite the general uncertainty in international markets shaped by the tariff war and geopolitical risks.
The firm’s total assets grew by MYR 5 billion ($1.27 billion) to MYR 156 billion ($39.71 billion) in 2025, indicating consistent long-term portfolio growth.
Khazanah’s investment portfolio, which continues to be the foundation of financial returns, is the primary driver of its financial performance.
As of the end of 2025, the investments portfolio had increased from MYR 81 billion ($20.62 billion) in 2018 to MYR 95 billion ($24.19 billion), supported by value creation initiatives, diversification throughout the portfolio, and the strong performance of both domestic and international equities.
