Mountain Partners, a Swiss-headquartered company builder, has raised USD 100 million fund to invest in Malaysia and SouthEast Asian startups.
The Swiss-headquartered venture builder will set-up their South-East Asia operations hub in Malaysia with the aim of helping more than 15 of their global portfolio companies expand into Malaysia, and to create more than 400 job opportunities, including more than 50 top C-suite talent roles.
Additionally, a partnership between private equity firm Leonie Hill Capital and Japan-based IP Bridge has been established to explore Malaysia as the home ground for venture building initiatives targeted at intellectual property-based tech startups in IoT, sensors and wearables, agri-tech and food-tech.
The partnership, through IP Bridge’s global expansion initiative, ManGO Factory, will also relocate more than 10 Southeast Asian and Japanese start-ups in Malaysia, providing them with facilities, access and market opportunities in Malaysia and Japan. Leonie Hill Capital will provide expertise in commercialization, while IP Bridge will provide expertise on Intellectual Property strategy and advisory.
“The strategic efforts placed by Mountain Partners, Leonie Hill Capital and IP Bridge will complement Malaysia’s initiatives in building a robust start-up ecosystem as Malaysia continues to provide regional and global start-ups the platform to scale in Southeast Asia,” said Datuk Yasmin Mahmood, CEO of Malaysia Digital Economy Corporation (MDEC).
The social media giant announced today in a blog post that, along with efforts to elevate content from friends and outlets designated as “high quality,” the site will be working to push local news offerings to the top of users’ feeds.