VentureTECH
C-00-01, Ground Floor, i-Tech Tower, Jalan Impact, Cyber 6, Cyberjaya, Selangor, 63000, Malaysia
Overview
VentureTECH is principally an investment company that was established by the Government of Malaysia in 2009 under the oversight of Ministry of Economic Affairs, with a national mandate to encourage the participation of local Malaysian companies in high value-added and high technology industry, a key mainstay that will drive Malaysia into a sustainable high income economy.
- Total investments
- 3
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 6
Sector focus
- Banking
- Finance
- Financial Services
- FinTech
Investment portfolio
- Bateriku
Participated · Series B · Sep 2024
Bateriku provides connected roadside assistance solutions through a technology platform that aggregates automotive services. Its core offering centers on connected roadside assistance and related automotive services. The company raised USD 7.4 million in a Series B funding round to support its product and expansion plans. Bateriku will use the funds to enhance its technology and integrate its various automotive services into a single platform. The firm plans to expand its ecosystem across Malaysia and into Indonesia and Singapore. Investors in the round include Kumpulan Wang Persaraan (KWAP), Gobi Partners, VentureTech SBI Capital, and VentureTech. Bateriku.com is a Malaysian roadside assistance company. The firm provides roadside assistance services to motorists. DealStreetAsia reported that Bateriku.com has secured $2.11 million in funding. The capital was provided by government-backed investors, according to the report. The announcement appeared in DealStreetAsia's SEA Digest alongside other regional startup fundraises.
- WISE AI
Participated · Series A · Jul 2024
Wise AI provides KYC, document OCR and digital identity authentication using selfie biometrics. Its face biometrics algorithm was tested by NIST for fast matching speed, and its presentation attack detection was confirmed ISO PAD Level 1 compliant by iBeta in 2023. The company aims to provide digital identity to all 680 million people in Southeast Asia and plans to localize offerings through partnerships in each country. The Malaysian government has highlighted Wise AI as an example for the national AI Governance and Ethics framework. Wise AI positions itself to address significant KYC friction in the region, where surveys show high abandonment of banking and credit applications and notable levels of identity fraud. Financially, the company has completed an eight-figure Series A round (amount undisclosed by the company).
- Nexagate
Led · Equity · Dec 2023
Nexagate is a 13-year-old cybersecurity firm in Malaysia that provides risk compliance, security posture assessments and Security Operations Centre (SOC) as-a-service. The company is developing its flagship Nexa Security Intel (NSI) Platform, an in-house solution that leverages AI and machine learning to deliver comprehensive cybersecurity visibility and actionable insights. Nexagate positions NSI to help enterprises and government organisations strengthen decision-making and defence against evolving cyber threats. The company says the investment will power an expansion phase and accelerate development of NSI and its broader portfolio of cybersecurity solutions. Nexagate also emphasizes developing local talent and aims to grow toward becoming a global cybersecurity player. It serves businesses and government organisations in Malaysia and focuses on locally developed technology.