Tuesday, July 23, 2024
HomeBUSINESSVYNN CAPITAL ANNOUNCES PARTNERSHIP WITH MARUBENI MALAYSIA TO DRIVE INNOVATION & GROWTH

VYNN CAPITAL ANNOUNCES PARTNERSHIP WITH MARUBENI MALAYSIA TO DRIVE INNOVATION & GROWTH

VYNN CAPITAL ANNOUNCES PARTNERSHIP WITH MARUBENI MALAYSIA TO DRIVE INNOVATION & GROWTH

Malaysia-headquartered venture capital firm Vynn Capital announced on Tuesday a strategic partnership with Marubeni Malaysia, a subsidiary of Marubeni Corporation, a renowned Japanese trading and investment conglomerate.

The partnership aimed at fostering innovation, accelerating growth, and unlocking new opportunities in the Malaysian market, Vynn Capital said in statement.

The partnership brings together Vynn Capital’s local network in the Southeast Asia region and expertise in identifying and nurturing promising startups and Marubeni Malaysia’s extensive network and deep industry knowledge.

This collaboration will create a robust ecosystem to support and empower innovative entrepreneurs, startups, and businesses in Malaysia and beyond, the VC firm added.

Key highlights of the partnership include:

1. Business Synergy: Vynn Capital’s strong portfolio of investments in various sectors, coupled with Marubeni Malaysia’s vast resources and access to global markets, will enable both companies to strategically invest and collaborate with high-potential businesses and collaborate with local corporations. This synergy will contribute to fostering innovation across multiple industries and facilitate the growth of disruptive technologies.

2. Market Access and Expansion: Vynn Capital will support Marubeni Malaysia in accessing local opportunities and exploring potential to scale new business opportunities and operations locally and regionally.

3. Collaborative Innovation: By joining forces, Vynn Capital and Marubeni Malaysia will actively explore and invest in cutting-edge technologies and business models. This collaboration will drive the development and implementation of innovative solutions, promoting sustainable economic growth in Malaysia. Some of the areas identified are mobility, electrification and sustainability themed opportunities.

Victor Chua, Founder and Managing Partner of Vynn Capital, expressed his excitement about the partnership, stating, “We are thrilled to collaborate with Marubeni Malaysia to drive innovation and contribute to the growth of Malaysia’s business ecosystem. Our combined strengths and expertise will create a positive impact on the economic landscape, allowing better integration between Japanese and Malaysian business communities and solve real-world challenges.”

Takeshi Fujiwara, Representative of Marubeni Malaysia, shared his thoughts on the partnership, saying, “We are thrilled to collaborate with Vynn Capital, with their strong portfolio of investments in various sectors, in exploring new business opportunities and operations locally and regionally to contribute to the growth to Marubeni’s business ecosystem. We believe that the collaboration will commence our contributions through National Energy Transition Roadmap (NETR) in Malaysia and accelerate Marubeni Corporation’s businesses.”

Marubeni Malaysia conducts business in Malaysia in a wide range of areas including forest products, chemicals, machinery products, energy, metals , infrastructure projects and mobility, healthcare.

Vynn Capital is an early-stage venture capital firm founded with the objective of bridging the gap between traditional industries and the new economies through the development of technology. The team is made up of professionals with experience across early stage invest to late stage financing, with experience in business operations.

The investment philosophy revolves around the creation of synergistic value between partners and companies supported by Vynn. Beyond investing, Vynn Capital assists its investors or Limited Partners in understanding new industries and markets with its localised team and network across the major cities of Southeast Asia.

Vynn Capital is a Southeast Asia focused early stage venture capital firm investing in early stage tech startups.

As a sector focused investor, Vynn Capital is eyeing on the Supply Chain and Mobility industries including but not limited to Logistics, Travel, FMCG.

We believe in the Vynn-ing Formula – investing into companies could form an ecosystem within our portfolio. We look for entrepreneurs with the right mindset and willingness to work with us to achieve greater heights.

In addition to investing, we see ourselves as partners to the entrepreneurs to support them in challenging the norms and building world changing businesses.

vc@vynncapital.com

This press release has also been published on VRITIMES

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