Seven Malaysian startups have secured RM3.6 million in pre-seed funding from global venture capital firm Antler. The funding is part of Antler’s commitment to Southeast Asia and its strategic partnership with sovereign wealth fund Khazanah. With a mission to support the next generation of tech entrepreneurs in the region, Antler has invested a total of US$770,000 in Malaysian startups, providing each startup with US$110,000. The funding round, which spans 19 sectors including AI, fintech, and healthcare, marks Antler’s largest pre-seed investment to date and highlights Malaysia’s growing influence in the entrepreneurial landscape.
Among the seven Malaysian startups selected for funding is Cleve, an AI assistant that helps creators scale their online presence. Cleve leverages AI to generate personalized content based on user-specific data.
PingMi, another AI-centric startup, offers a product management platform that enables businesses to ship revenue-driving ideas faster. By converting customer data into AI insights and aligning teamwork around a clear product strategy, PingMi aims to address gaps in the product management process.
COEX, an Industry 4.0 startup, aims to maximize efficiency in the construction industry through its centralized project claims and bills of quantity management platform. By streamlining collaboration and providing a comprehensive solution, COEX digitalizes and optimizes capital and operational processes in construction projects.
UniiD, a proptech startup, simplifies access control by creating smart access solutions for buildings and cities. With the aim of eliminating physical cards and tickets, UniiD uses smart hardware and secure IDs to allow users to unlock doors and access events and cities with a simple tap of their phone.
Seafoody, an agritech startup, enables F&B businesses to source seafood directly from suppliers. By eliminating middlemen, Seafoody ensures the delivery of high-quality, fresh seafood at a lower cost. The startup aims to empower suppliers by helping them sell directly to businesses at better prices.
MessengerCo, a one-stop corporate gifting platform, simplifies and optimizes B2B gifting and merchandising. The platform offers a wide range of branded merchandise and personalized gifts, catering to various business scenarios, such as staff onboarding and client appreciations.
Zappy, an affordable business communication tools startup, brings all work conversations into one unified inbox. With its conversational interface and custom domain email IDs, Zappy aims to enhance productivity and streamline work communication for micro-SMEs.
Antler’s investment in these seven startups signifies the firm’s confidence in Malaysia’s entrepreneurial ecosystem and highlights the country’s growing influence in the regional tech industry. The startups funded through this round cover a diverse range of sectors, showcasing Malaysia’s entrepreneurial potential and innovation. With Antler’s support, these startups are poised to make a significant impact in their respective industries and contribute to the overall growth of Malaysia’s startup ecosystem.
