Loading organizations...
Jelawang Capital, a National Fund-of-Funds under Khazanah Nasional Berhad's Dana Impak, is based in Kuala Lumpur, Malaysia, investing as a strategic limited partner in fund managers to channel capital into high-potential startups. The firm empowers emerging Malaysian GPs and attracts regional and global ones, focusing on technology, AI, and digital economy. It operates with 21-50 employees, with an estimated annual revenue of $12 million and a valuation of $38.4 million. Led by Chairman Datuk Hisham Hamdan and CEO Bryan Lim, Jelawang committed anchor investments to firms like First Move and AppWorks. First Move was ranked among the top 1% of global venture funds by Carta data in Q1 2025. Founded in 2024 by parent Khazanah Nasional Berhad. Its business model centers on operates as a fund-of-funds, receiving catalytic capital from parent Khazanah Nasional Berhad to invest in VC fund managers, generates returns as investments flow back from GPs.
The firm operates the Emerging Fund Managers Programme (EMP), an initiative designed to cultivate and support the next generation of Malaysian venture capital leaders.
Jelawang Capital operates as Malaysia's National Fund-of-Funds under Khazanah's Dana Impak.
The firm operates the Emerging Fund Managers Programme (EMP), an initiative designed to cultivate and support the next generation of Malaysian venture capital leaders.
Jelawang Capital operates as Malaysia's National Fund-of-Funds under Khazanah's Dana Impak.
Jelawang Capital has 1 tracked investment across 1 company. The latest tracked deal is Seed in ServAuto in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 10, 2026 | ServAuto | Seed | Vynn Capital | Gobi Partners, Openspace Capital, SWC Global |
Jelawang Capital is positioned as Malaysia's National Fund-of-Funds, operating under the umbrella of Khazanah's Dana Impak. Its foundational purpose is to strengthen the nation's venture capital landscape by strategically backing credible venture capital fund managers. This approach aims to channel investment into promising startups indirectly, fostering innovation and growth within the Malaysian economy.
The firm's overarching mission is to develop and enhance Malaysia's venture capital ecosystem. This is achieved through a combination of direct investments and strategic partnerships with various fund managers. By collaborating with these managers, Jelawang Capital works to create a robust and supportive environment for emerging companies.
A significant component of its strategy is the Emerging Fund Managers Programme (EMP). This initiative is specifically designed to identify, support, and cultivate the next wave of Malaysian venture capital leaders. The EMP provides aspiring fund managers with the necessary resources and backing to establish and grow their operations, thereby expanding the pool of experienced investors in the country.
Jelawang Capital also contributes to the ecosystem by providing access to resources and insights. This includes information related to the Malaysia Venture Capital Roadmap (MVCR), which helps inform stakeholders about the strategic interventions and direction of the national venture capital landscape. The firm's activities are consistently geared towards powering Malaysia's venture future by supporting innovative startups through its network of fund manager investments.
