THE ENABLER FOR THE FOURTH INDUSTRIAL REVOLUTION BY DIGITALISING SOUTHEAST ASIA
The Hive Southeast Asia launched in 2021 and is led by Syed Haizam Jamalullail and Shahril Ibrahim, headquartered in Kuala Lumpur, Malaysia.
The Hive Southeast Asia is a partnership between The Hive (USA), Tuas Capital Partners, Sunway Group, and Penjana Kapital to co-create, fund, and launch startups in Malaysia and/ or Southeast Asia based on specific themes focused on applications and use cases in functional areas of enterprises.
The Hive is a venture studio that works actively with founders to co-create, fund and launch startups focused on AI and Digital Transformation of the Enterprise. Key areas of focus are the enterprise, industrials, financial services, insurance, and health. Founded in 2012, The Hive is headquartered in Palo Alto, California, in the heart of Silicon Valley. The Hive US has co-created and invested in 27 companies since its inception including one successful IPO (Pinterest) and seven exits. Notable investors include GE, Verizon, Rockwell Automation, and March Capital. The Hive Brazil and The Hive India are also a part of The Hive US global group of funds.
The Hive Southeast Asia is one of the selected Venture Capital fund managers for the Malaysia Government’s Penjana Economic Stimulus Recovery Plan – Dana Penjana Nasional; an RM600 million investment fund set up by the Government of Malaysia for venture capital firms to invest in start-ups. This amount will be matched on a 1:1 basis in a private/public partnership.