29 Feb '16, 3am

Cradle Secures Six New Co-Investment Partners, Raises RM52 Million in Funding

After it signed on a long-time market cohort of sorts – VLT Labs – as partner of sorts for its accelerator and growth space, Cradle has stepped its game by signing on six new co-investment partners. These new collaborators bring to the table a combined value of RM26 million in funds. As per previous arrangements, Cradle is matching the new co-investment fund with its own RM26 million, bringing the total invested sum to RM52 million. The six – comprising Marna Capital Sdn. Bhd. (Marna), Nexea Angels (Nexea), 1337 Ventures Sdn. Bhd. (1337 Ventures), Infinite Ventures Gagasan Sdn. Bhd. (IVG), IMJ Investment Partners Pte. Ltd. (IMJ), and N Capital Partners Sdn. Bhd. (NCP) – will focus on Malaysian-born technology startups of high calibre and are known to have huge potential deliverables. Each new investor will work with Cradle in a one-to-one equity co-investment exercise. Of ...

Full article: http://amanz.net/201611140/cradle-secures-six-new-co-inve...

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