ScaleUp Malaysia launched Cohort IV, announced investments in seven companies

Cohort IV of ScaleUp Malaysia has been revealed, along with investments in seven cutting-edge businesses.

The seven companies chosen for Cohort IV, according to a statement from ScaleUp Malaysia, are BeeBag, Docspe, Huddle, Petotum, Stayhere, and Kabel. Each will receive a $100,000 investment, while Sonicboom will receive an undisclosed strategic investment.

According to the agency, this cohort represents a significant turning point because upfront investments were made for its accelerator program rather than at the end of the program as with previous cohorts.

These businesses will go through a demanding 12-week accelerator program designed to hone their business models and develop regional scalability. The program will conclude with a demo day attended by international investors.

“We are delighted to welcome Cohort IV to our accelerator program,

“Our selection process was highly competitive, and we are thrilled to have seven outstanding and diverse companies on board,” said Andre Sequerah, Managing Partner at ScaleUp Malaysia.

He claims that these businesses were chosen for their capacity to promote regional scalability and positive social and economic effects.

The accelerator program’s main objective, according to the statement, is to provide companies with the skills and knowledge they need to advance their enterprises.

“We are delighted to welcome Cohort IV to our accelerator program,

“Our selection process was highly competitive, and we are thrilled to have seven outstanding and diverse companies on board,” said Andre Sequerah, Managing Partner at ScaleUp Malaysia.

The program will teach the businesses best practices in product development, business strategy, financial modeling, and pitching.

“We are also happy to add two female-founded companies to our portfolio which brings us to a total of 14 companies with female founders,” he added.

“We are committed to providing our cohort companies with comprehensive support and resources to help them grow and succeed,” said Tay Shan Li, Managing Partner at ScaleUp Malaysia.

He claims that the program’s experienced mentors and advisors will help them improve their business models and strategies so they can get more funding and promote regional growth.

“Over the past 3 cohorts we have designed best practices to work with our investee companies and have seen immense success in helping them regionalise and raise their next rounds,” he added.

For Cohort IV, ScaleUp Malaysia received more than 200 applications, with a success rate of less than 4%.

Applications were submitted by nations throughout the region, including Hong Kong, the Philippines, Vietnam, Singapore, and Indonesia. Interests were expressed from as far away as the United Kingdom and the United States of America.

IOT, Health Tech, Sports Tech, Pet Care, Travel Tech, HR Tech, and Fintech ventures are among the companies that have been chosen.

ScaleUp Malaysia is an accelerator that only works with growth-stage businesses in Malaysia, positioning them for rapid expansion. A group of skilled business owners, experts, and seasoned investors founded the agency.