MALAYSIA TECH WEEK 2019: WINNERS FROM 500 STARTUPS PITCH PIT IMPRESS VCS

Published 20 June, 2019

(Bottom row, from left) Redbeat Ventures CEO & AirAsia deputy group CEO Aireen Omar; Kejora Ventures general partner Raymond Hor; RHL Ventures general partner Jo Jo Kong; and Golden Gate Ventures senior associate Jeffrey Chua with the Pitch Pit participants

IN CONJUNCTION with Malaysia Tech Week 2019 June 17 to June 21 (MTW19), the early stage venture fund 500 Startups hosted the MTW’19 Pitch Pit with Malaysia Digital Economy Corporation (MDEC).

 

Fintech dominated the show with startups Reap and Curlec emerging in first and second place respectively while wireless power company Transferfi secured third place.

 

Although two fintech startups achieved the top positions, managing partner of 500 Startups, Khailee Ng believes the genre of startups has little to do with it making its mark.

 

“Those with the most evidence of progress and market potential ultimately get the most interest.”

A total of 12 startups pitched to a venture capitalist (VC) judging panel comprising of Redbeat Ventures chief executive officer & AirAsia deputy group chief executive officer Aireen Omar; Kejora Ventures general partner Raymond Hor; RHL Ventures general partner Jo Jo Kong; and Golden Gate Ventures senior associate Jeffrey Chua.

 

While no prize money was given out, winners received two tickets each to the Wild Digital 2019 conference, potential investment by the panel of VCs and one-on-one mentoring from Amazon Web Services (AWS).

 

Source from Digital News Asia