Vynn Capital’s Mobility and Supply Chain Fund received funding from MAVCAP

The newest Mobility and Supply Chain Fund from Vynn Capital has limited partner investments from Malaysia Venture Capital Management Bhd (MAVCAP), the country’s largest venture capital firm.

According to a joint statement released by the companies on Tuesday, this partnership demonstrates MAVCAP’s commitment to pushing technological boundaries in Malaysia and Southeast Asia.

In line with its ongoing commitment to support local fund managers in fostering innovative startups that are driving technological advancements in Malaysia and throughout the region, MAVCAP has announced that it will be investing in Vynn Capital’s Mobility and Supply Chain Fund.

With a targeted fund size of $30 million, the Mobility and Supply Chain Fund is one of the few industry-focused funds in the area.

It seeks to promote innovation in supply chain and mobility solutions in order to completely transform Southeast Asia’s technological environment.

This creative fund was established by Malaysian-based venture capital firm Vynn Capital to address new opportunities and challenges in the mobility and supply chain sectors of the region.

The fund will invest in seed to series A rounds of early-stage startups with a focus on Southeast Asia.

“MAVCAP is thrilled to join forces with Vynn Capital in supporting the Mobility and Supply Chain Fund,

“This collaboration aligns with our mission to catalyze innovation and growth in Malaysia and across Southeast Asia,” said Shahril Anas bin Hasan Aziz, Chief Executive Officer of MAVCAP.

The fund’s seasoned backers will enable startups to obtain the knowledge and resources they need to spearhead ground-breaking ideas for the transportation and vehicle infrastructure of the future.

By implementing technological solutions, the Mobility and Supply Chain Fund is expected to tackle the present obstacles in establishing a more environmentally friendly and sustainable environment.

Together, they believed that Malaysia would become a leader in developing an ecosystem that supports additional innovation in the transportation sector.

According to them, investing in businesses that are deliberately aiming for the larger Southeast Asian market is another way that seeks to promote greater regional cooperation.

“As one of the most experienced venture backers in the region, MAVCAP will continue to provide us access to institutional networks, allowing us to provide better support to our portfolio companies,

“This is especially important in the world of constantly changing market dynamics,” said Tunku Ali Redhauddin ibni Tuanku Muhriz, Partner at Vynn Capital.

MAVCAP was founded in 2001 and currently manages funds valued at nearly MYR 5 billion ($1.06 billion) with partners in the private sector.