MDV'S COMMENTARY ON THE ANNOUNCEMENT BY PENJANA KAPITAL ON THE DANA PENJANA NASIONAL PROGRAMME

MDV’s Venture Financing programme to complement investments under Dana Penjana Programme to boost the growth of Malaysian technology start-ups 

KUALA LUMPUR, Dec 15 (Bernama) -- Malaysia Debt Ventures Berhad (MDV), a subsidiary of the Minister of Finance (Incorporated) [MOF Inc] and dedicated technology financier, applauds the recent announcement by Penjana Kapital on the selection of eight (8) Venture Capital (VC) fund managers that will invest in Malaysian start-ups as part of the Dana Penjana Nasional programme. With a combined indicative fund size of RM1.57 billion under the programme, MDV is optimistic that the fund will revitalise the local start-up sector and drive the country’s economic recovery through the growth of technology and innovative companies.

From MDV's perspective, the new investments from Penjana Kapital’s VC partners will boost the growth of new technology start-ups and MDV stands ready to assist these start-ups further via its Venture Financing programme as a complementary source of capital to ensure the maximisation of returns for their businesses.


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