RHL Ventures launches RM100 million fund for SMEs

KUALA LUMPUR: Private investment firm RHL Ventures has launched a RM100 million fund to support the growth of small and medium enterprises (SMEs) with the support of SME Corp Malaysia.

RHL Ventures focuses on backing start-ups and early-stage SMEs with significant operations in the country.

“While a large portion of its previous investments had been channelled to grow innovative start-ups within the tech space, the focus of the firm’s latest fund will be broader and more sector-agnostic,” the firm said in a statement.

Meanwhile, its managing director, Rachel Lau said the government has typically led investments that support local businesses during their early stages.

“So, we are glad that the current administration is ramping up to instill more innovations within the local business sector.

“What RHL Ventures aims to do with this fund is to invest in new businesses that are looking to bring new ideas and disruption in the current ways of doing business,” it said.

Through its latest fund, RHL Ventures is underscoring its commitment to empower local businesses that possess the vision to make a significant impact in Malaysia and the greater region.

To date, the firm has invested in innovative businesses within Malaysia’s burgeoning tech start-up space; among others, healthcare software-as-a-service company HealthMetrics and healthy snacks e-commerce platform Signature Market. — Bernama