Malaysia's Vynn Capital closes Fund II, targets up to 14 startups

What's the deal? Malaysia's Vynn CapitalDealroom has a profile for this one. Try Dealroom → has closed its second venture capital fund, Fund II, which it plans to deploy across 13 to 14 portfolio companies. The firm, co-founded by Victor Chua, did not disclose the fund's size.

Who backed it? Investors in the fund include Malaysian sovereign wealth fund Khazanah Nasional BerhadDealroom has a profile for this one. Try Dealroom →, pension fund KWAPDealroom has a profile for this one. Try Dealroom →, and Jelawang CapitalDealroom has a profile for this one. Try Dealroom →.

What's the endgame? Vynn Capital focuses on early-stage startups across Southeast Asia. Recent bets include Philippine commerce platform Etaily and Malaysian automotive firm ServAutoDealroom has a profile for this one. Try Dealroom →, both aimed at regional expansion.

The signal: A concentrated portfolio of 13 to 14 companies points to a selective strategy, backing fewer startups with more capital. The involvement of state-linked investors such as Khazanah and KWAP underscores Malaysia's push to channel institutional money into its venture ecosystem.

Read more: dealstreetasia.com

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