43

KUALA LUMPUR

No longer in the shadow of its star sister, Singapore, Kuala Lumpur is making a name with its great startups such as GrabTaxi. Taking a page from across the Strait of Johore, the government’s act to support startups has fueled a robust entrepreneurial community. Kuala Lumpur is the retail hub of Malaysia and boasts a total of sixty-six shopping malls. Knowing a big opportunity when they see one, entrepreneurs find new ways to innovate commerce, retail, and customer experience.

VENTURE ACTIVITY Q4’15 - Q3’16

VC FUNDING: $132.6M

DEALS: 32

EXITS: 10

2 YEAR YoY FUNDING GROWTH: 264.9%

2 YEAR YoY DEAL GROWTH: 146.2%

Source: CB Insights