The Hive Partners With Tuas Capital Partners For New Base In Malaysia

(Malay Mail, June 2020) Co-creation studio The Hive today announced its new partnership with Tuas Capital Partners (TCP) for a new Southeast Asian base that will operate from out of Malaysia.

Dubbed “The Hive Southeast Asia”, the collaboration is in response to the government’s soon to be announced Dana Penjana Nasional’s matching programme.

On June 5, Prime Minister Tan Sri Muhyiddin Yassin announced the formation of the Dana Penjana Nasional Investment Fund worth RM1.2 billion as part of the National Economic Recovery Plan (Penjana) to boost Malaysia’s economy through business digitalisation.

“We are excited to work with a strong local partner like Tuas Capital Partners as we share the same ethos and investment beliefs and we hope that we will be able to share the insights and experiences that we have learnt through our previous three funds based out of Silicon Valley and also with the other regional funds — namely The Hive Brasil and The Hive India,” The Hive managing director T.M. Ravi said in a statement.

TCP principal Datuk Syed Haizam Jamalullail said he was pleased to partner The Hive for the  co-creation fund under the Penjana programme.

“We are excited about the opportunity to learn and collaborate from such an esteemed group from Silicon Valley and to benefit from their experience and their technology stack, which in return will also benefit Malaysia’s venture capital industry and ecosystem as well,” he said.

Don't miss these stories:

April 12, 2023

12 Malaysian Tech Startups Shortlisted for Pitch Malaysia USA Series

Selangor Information Technology and Digital Economy Corporation (SIDEC), will be taking 10 Malaysian

March 23, 2023

Temasek’s Sheares Healthcare backs Asia-focused mental health startup Thoughtfull

Thoughtfull has raised $4 million in a pre-Series A round led by Sheares Healthcare Group.

March 19, 2023

Sunway LaunchX 2023 to Accelerate Student Founders

“LaunchX - The University Startup Accelerator Programme” was officially launched Dato' Dr. HJ Megat.

May 18, 2022

1337 Ventures Launches First ECF Accelerator

1337 Ventures, together with Leet Capital, introduced a fundraising bootcamp to educate founders.

May 16, 2022

SSDU, The Hive ink MoU to create AI-based tech startups in Selangor

The Selangor government and The Hive Southeast Asia (THSEA) have inked a memorandum of understanding

April 27, 2022

Payd Raised US$1.7m in a Seed Round

Payd, a Malaysia-based earned wage access service, has raised US$1.7 million in a seed round.