Malaysia's EPF commits up to $71m to homegrown mid-to-growth-stage startups

Malaysia's EPF commits up to $71m to homegrown mid-to-growth-stage startups

Employees' Provident Fund (EPF) logo is seen at its headquarters in Kuala Lumpur, Malaysia September 5, 2019. REUTERS/Lim Huey Teng

Malaysia’s largest state pension fund, the Employees Provident Fund (EPF), has committed up to 250 million ringgit ($70.91 million) to fund mid-to-growth stage companies in the country, through a partnership with pan-Asian venture capital firm Gobi Partners.

Edited by: Joymitra Rai