Jelawang Capital

Jelawang Capital Jelawang Capital is a subsidiary of Khazanah Nasional Berhad and it is Malaysia's National Fund-of-Funds, an initiative under Dana Impak.

07/08/2026

๐—ง๐—ฟ๐˜‚๐˜€๐˜ ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€, ๐—ฒ๐˜€๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ฎ๐—น๐—น๐˜† ๐˜„๐—ต๐—ฒ๐—ป ๐—ป๐—ฒ๐˜„ ๐˜๐—ฒ๐—ฐ๐—ต๐—ป๐—ผ๐—น๐—ผ๐—ด๐˜† ๐—ถ๐˜€ ๐—ถ๐—ป๐˜ƒ๐—ผ๐—น๐˜ƒ๐—ฒ๐—ฑ.

At the recently concluded Malaysia Blockchain Week, the RWA Gateway side event looked at how tokenisation is beginning to take shape in Malaysia, and why not every asset needs to be tokenised to create value.

A key part of the discussion was trust. Blockchain should serve a clear commercial purpose. Verified on-chain data can help build confidence, and independent audits can play an important role in strengthening the credibility of both the project and its backers.

Ines Yong, Co-Founder and CEO of Green Energy Network (GEN), explains why energy infrastructure has often been difficult for smaller investors to access, and how tokenisation is being explored as one possible way to broaden participation.

She also shares how this model could connect project owners seeking capital with investors looking for more direct participation in real-world energy assets.

Watch the reel to hear her perspective.

๐—œ๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜€๐—ถ ๐˜๐—ถ๐—ฑ๐—ฎ๐—ธ ๐˜๐—ฒ๐—ฟ๐—ท๐—ฎ๐—ฑ๐—ถ ๐˜€๐—ฒ๐—ธ๐—ฒ๐—น๐—ถ๐—ฝ ๐—บ๐—ฎ๐˜๐—ฎ.Ia berkembang dari masa ke semasa, merentasi pelbagai sektor, syarikat dan idea. Dari...
06/08/2026

๐—œ๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜€๐—ถ ๐˜๐—ถ๐—ฑ๐—ฎ๐—ธ ๐˜๐—ฒ๐—ฟ๐—ท๐—ฎ๐—ฑ๐—ถ ๐˜€๐—ฒ๐—ธ๐—ฒ๐—น๐—ถ๐—ฝ ๐—บ๐—ฎ๐˜๐—ฎ.

Ia berkembang dari masa ke semasa, merentasi pelbagai sektor, syarikat dan idea.

Daripada semikonduktor kepada teknologi kesihatan dan pendidikan, Malaysia kini melihat semakin banyak syarikat pemula membina penyelesaian untuk masalah sebenar.

Di sinilah peranan modal teroka: bukan sekadar wang, tetapi juga sokongan ekosistem yang syarikat pemula perlukan pada peringkat awal.

Bagi Jelawang Capital, Malaysia's National Fund-of-Funds, tumpuan kami adalah mengukuhkan lapisan di sebalik aliran modal ini. Ikuti kami untuk lebih banyak perkongsian tentang ekosistem modal teroka Malaysia.

04/08/2026

๐—” ๐˜€๐˜๐—ฎ๐—ฟ๐˜๐˜‚๐—ฝโ€™๐˜€ ๐—ฝ๐—ฎ๐˜๐—ต ๐˜๐—ผ ๐—น๐—ถ๐˜€๐˜๐—ถ๐—ป๐—ด ๐˜‚๐˜€๐˜‚๐—ฎ๐—น๐—น๐˜† ๐—ต๐—ฎ๐—ฝ๐—ฝ๐—ฒ๐—ป๐˜€ ๐—ถ๐—ป ๐˜€๐˜๐—ฎ๐—ด๐—ฒ๐˜€.

Different forms of capital support different parts of that journey, from equity crowdfunding and peer-to-peer financing, to venture capital, to the capital market as companies mature.

That is the idea behind the GEAR-uP Relay Race, a conversation on how these pathways connect over time, and why that matters for Malaysiaโ€™s innovation economy.

GEAR-uP is led by the Ministry of Finance, with coordination across Malaysiaโ€™s Government-Linked Investment Companies, or GLICs. This edition was organised by Jelawang Capital.

In this conversation, Dr Wong Huei Ching, Executive Director of Digital Strategy and Innovation at the Securities Commission Malaysia, explains why different financing pathways matter as companies grow and their risk profiles change.

Muhd Farrish Ishak, Senior Vice President, Emerging Market Development, Bursa Malaysia Securities, reflects on how those pathways connect over time, including the route towards public listing.

Radin Faizal Arif, Senior Vice President, Investments, Khazanah Nasional Berhad, explains why venture capital matters most at the growth stage, when companies need capital to expand but are not yet ready for the public markets. Through Jelawang Capital, this capital is channelled to Malaysian fund managers who back companies ready to grow.

When these pathways are stronger and better connected, more Malaysian companies have a clearer route to raise capital within Malaysia as they progress. That is what Advancing Malaysia looks like in practice.

Watch the full conversation.

๐—ฉ๐—ฒ๐—ป๐˜๐˜‚๐—ฟ๐—ฒ ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—บ๐—ฎ๐˜† ๐—ฏ๐—ฒ๐—ด๐—ถ๐—ป ๐˜„๐—ถ๐˜๐—ต ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ผ๐—ฟ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐˜€๐˜๐—ฎ๐—ฟ๐˜๐˜‚๐—ฝ๐˜€. But what happens after that rarely stays within one company. Gala...
31/07/2026

๐—ฉ๐—ฒ๐—ป๐˜๐˜‚๐—ฟ๐—ฒ ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—บ๐—ฎ๐˜† ๐—ฏ๐—ฒ๐—ด๐—ถ๐—ป ๐˜„๐—ถ๐˜๐—ต ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ผ๐—ฟ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐˜€๐˜๐—ฎ๐—ฟ๐˜๐˜‚๐—ฝ๐˜€.

But what happens after that rarely stays within one company.

Galatek Technologies, backed by Granite Asia under Jelawang Capital's Regional Fund Managers' Initiative, or RMI, recently opened its first facility outside Singapore, in Penang, and was reported to have up to 100 jobs planned as operations scale.

Aonic, backed by Kairous Capital under Jelawang Capital's Emerging Fund Managers' Programme, or EMP, was reported to have cut water use in spraying by around 75% for farmers through its drone technology business.

ServAuto, backed by Vynn Capital under EMP, was also reported to serve car owners across 11 states through its nationwide aftersales network.

Three fund managers, three sectors, one pattern.

Capital may start with a deal, but its effects can travel further, through jobs, operational capability, and services people use in everyday life.

Jelawang Capital's role sits one step back. As Malaysia's National Fund-of-Funds, it backs the fund managers who may go on to support companies like these, while helping strengthen the wider venture capital ecosystem over time.

That distinction matters when we talk about who venture capital benefits.

๐—ฆ๐˜๐—ฟ๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—ฝ๐—ฎ๐˜๐—ต๐˜„๐—ฎ๐˜†๐˜€ ๐—ฑ๐—ฒ๐—ฝ๐—ฒ๐—ป๐—ฑ ๐—ผ๐—ป ๐˜€๐˜๐—ฟ๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐—ฐ๐—ผ๐—ป๐—ป๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฎ๐—ฐ๐—ฟ๐—ผ๐˜€๐˜€ ๐˜๐—ต๐—ฒ ๐—ฒ๐—ฐ๐—ผ๐˜€๐˜†๐˜€๐˜๐—ฒ๐—บ.This week, Jelawang Capital partnered with...
26/07/2026

๐—ฆ๐˜๐—ฟ๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—ฝ๐—ฎ๐˜๐—ต๐˜„๐—ฎ๐˜†๐˜€ ๐—ฑ๐—ฒ๐—ฝ๐—ฒ๐—ป๐—ฑ ๐—ผ๐—ป ๐˜€๐˜๐—ฟ๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐—ฐ๐—ผ๐—ป๐—ป๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฎ๐—ฐ๐—ฟ๐—ผ๐˜€๐˜€ ๐˜๐—ต๐—ฒ ๐—ฒ๐—ฐ๐—ผ๐˜€๐˜†๐˜€๐˜๐—ฒ๐—บ.

This week, Jelawang Capital partnered with the Securities Commission Malaysia to host the GEAR-uP Relay Race, facilitating curated one-on-one matchmaking sessions between 13 high-potential startups and 11 venture capital fund managers.

Part of the GEAR-uP programme, the session was designed to help Malaysian startups strengthen their investment readiness and connect more directly with the venture capital market.

It also gave startups a clearer space to share their growth plans and funding needs, while helping fund managers better understand companies that may fit their investment focus.

For Jelawang Capital, Malaysiaโ€™s National Fund-of-Funds, this kind of convening work is part of strengthening how capital moves through the venture capital ecosystem, with clearer pathways and stronger foundations over time.

๐— ๐—ฎ๐—น๐—ฎ๐˜†๐˜€๐—ถ๐—ฎโ€™๐˜€ ๐—ป๐—ฒ๐˜…๐˜ ๐—ถ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐—ถ๐—ฒ๐˜€ ๐˜‚๐˜€๐˜‚๐—ฎ๐—น๐—น๐˜† ๐—ฏ๐—ฒ๐—ด๐—ถ๐—ป ๐—ฏ๐—ฒ๐—ณ๐—ผ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฒ๐˜† ๐—น๐—ผ๐—ผ๐—ธ ๐—ผ๐—ฏ๐˜ƒ๐—ถ๐—ผ๐˜‚๐˜€.Malaysiaโ€™s electronics and manufacturing base was buil...
24/07/2026

๐— ๐—ฎ๐—น๐—ฎ๐˜†๐˜€๐—ถ๐—ฎโ€™๐˜€ ๐—ป๐—ฒ๐˜…๐˜ ๐—ถ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐—ถ๐—ฒ๐˜€ ๐˜‚๐˜€๐˜‚๐—ฎ๐—น๐—น๐˜† ๐—ฏ๐—ฒ๐—ด๐—ถ๐—ป ๐—ฏ๐—ฒ๐—ณ๐—ผ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฒ๐˜† ๐—น๐—ผ๐—ผ๐—ธ ๐—ผ๐—ฏ๐˜ƒ๐—ถ๐—ผ๐˜‚๐˜€.

Malaysiaโ€™s electronics and manufacturing base was built on capital willing to back an idea before it had a track record. SkyeChip, Malaysiaโ€™s first homegrown AI chip designer, started the same way. It went from early-stage startup to a public listing in just seven years, with a successful debut on Bursa Malaysiaโ€™s Main Market in May 2026.

That is part of why venture capital matters.

Malaysiaโ€™s venture capital base has grown, but companies can still struggle to find the right capital once they need to scale. The Malaysia Venture Capital Roadmap, or MVCR, 2024-2030, is part of the national response to that gap.

For Jelawang Capital, Malaysiaโ€™s National Fund-of-Funds, this means supporting credible and disciplined fund managers through EMP and RMI, while helping strengthen the foundations of Malaysiaโ€™s venture capital ecosystem over time.

22/07/2026

๐—ฆ๐˜๐—ฟ๐—ผ๐—ป๐—ด ๐˜‚๐—ป๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ถ๐˜๐˜† ๐—ฟ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐˜€๐˜๐—ถ๐—น๐—น ๐—ป๐—ฒ๐—ฒ๐—ฑ๐˜€ ๐—ฎ ๐—ฐ๐—น๐—ฒ๐—ฎ๐—ฟ ๐—ฝ๐—ฎ๐˜๐—ต ๐˜๐—ผ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜.

In this reel, Professor Dr. Samsilah Roslan, Director of Putra Science Park and Professor at the Faculty of Educational Studies, Universiti Putra Malaysia (UPM), shares why moving university innovation closer to the market takes coordination.

Many innovations begin at lab scale. To move further, they often need guidance from industry, investors, venture capital fund managers, and the university working together.

Market demand matters too. A strong innovation still needs a viable pathway if it is to become a product the market can accept.

That is why a clearer technology commercialisation blueprint matters. It helps chart a more viable pathway for research-led innovation to move towards the market.

For Jelawang Capital, conversations like this help surface the practical gaps that shape how research-led innovation moves through the wider venture capital ecosystem.

๐— ๐—ฎ๐—น๐—ฎ๐˜†๐˜€๐—ถ๐—ฎ ๐—ต๐—ฎ๐˜€ ๐—ต๐—ฒ๐—น๐—ฝ๐—ฒ๐—ฑ ๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜๐—ฒ ๐—ฎ ๐—น๐—ผ๐˜ ๐—ผ๐—ณ ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฒ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜†๐—ฒ๐—ฎ๐—ฟ๐˜€.The question now is how more of that value can stay here.Our la...
21/07/2026

๐— ๐—ฎ๐—น๐—ฎ๐˜†๐˜€๐—ถ๐—ฎ ๐—ต๐—ฎ๐˜€ ๐—ต๐—ฒ๐—น๐—ฝ๐—ฒ๐—ฑ ๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜๐—ฒ ๐—ฎ ๐—น๐—ผ๐˜ ๐—ผ๐—ณ ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฒ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜†๐—ฒ๐—ฎ๐—ฟ๐˜€.

The question now is how more of that value can stay here.

Our latest insight article looks at two ideas from the 2025 Khazanah Report that help explain this challenge, the hotel economy and the smile curve.

The hotel economy shows how a country can host important business activity, but still keep only a small share of the long-term value created from it.

The smile curve helps explain why this matters. The higher-value parts of the journey often sit at both ends, from research and innovation to branding, distribution and market access. Manufacturing remains important, but it does not always capture the biggest share of value on its own.

For Malaysia to move further up that curve, it takes time, capability, and the right kind of capital.

For Jelawang Capital, Malaysia's National Fund-of-Funds, this is part of strengthening the venture capital ecosystem over time, by supporting credible and disciplined fund managers who can help promising companies grow.

Read the full article here: https://bit.ly/catalytic-capital

๐—ฅ๐—ฎ๐—บ๐—ฎ๐—ถ ๐—ผ๐—ฟ๐—ฎ๐—ป๐—ด ๐—บ๐—ฒ๐—น๐—ถ๐—ต๐—ฎ๐˜ ๐˜๐—ฎ๐˜„๐—ฎ๐—ฟ๐—ฎ๐—ป ๐—ฎ๐˜„๐—ฎ๐—บ ๐—ฝ๐—ฒ๐—ฟ๐—บ๐˜‚๐—น๐—ฎ๐—ฎ๐—ป (๐—œ๐—ฃ๐—ข) ๐˜€๐—ฒ๐—ฏ๐—ฎ๐—ด๐—ฎ๐—ถ ๐˜๐—ฎ๐—ป๐—ฑ๐—ฎ ๐˜‚๐˜๐—ฎ๐—บ๐—ฎ ๐—ธ๐—ฒ๐—ท๐—ฎ๐˜†๐—ฎ๐—ฎ๐—ป ๐˜€๐—ฒ๐˜€๐—ฒ๐—ฏ๐˜‚๐—ฎ๐—ต ๐˜€๐˜†๐—ฎ๐—ฟ๐—ถ๐—ธ๐—ฎ๐˜ ๐—ฝ๐—ฒ๐—บ๐˜‚๐—น๐—ฎ.Sebenarnya, tidak...
17/07/2026

๐—ฅ๐—ฎ๐—บ๐—ฎ๐—ถ ๐—ผ๐—ฟ๐—ฎ๐—ป๐—ด ๐—บ๐—ฒ๐—น๐—ถ๐—ต๐—ฎ๐˜ ๐˜๐—ฎ๐˜„๐—ฎ๐—ฟ๐—ฎ๐—ป ๐—ฎ๐˜„๐—ฎ๐—บ ๐—ฝ๐—ฒ๐—ฟ๐—บ๐˜‚๐—น๐—ฎ๐—ฎ๐—ป (๐—œ๐—ฃ๐—ข) ๐˜€๐—ฒ๐—ฏ๐—ฎ๐—ด๐—ฎ๐—ถ ๐˜๐—ฎ๐—ป๐—ฑ๐—ฎ ๐˜‚๐˜๐—ฎ๐—บ๐—ฎ ๐—ธ๐—ฒ๐—ท๐—ฎ๐˜†๐—ฎ๐—ฎ๐—ป ๐˜€๐—ฒ๐˜€๐—ฒ๐—ฏ๐˜‚๐—ฎ๐—ต ๐˜€๐˜†๐—ฎ๐—ฟ๐—ถ๐—ธ๐—ฎ๐˜ ๐—ฝ๐—ฒ๐—บ๐˜‚๐—น๐—ฎ.

Sebenarnya, tidak sepenuhnya.

Tawaran awam permulaan merupakan salah satu daripada banyak proses keluar pelaburan. Terdapat syarikat yang melalui pengambilalihan, jualan sekunder, penggabungan strategik, atau laluan lain yang membolehkan modal kembali kepada pelabur.

Dalam modal teroka, yang penting bukan sama ada proses keluar pelaburan itu paling kelihatan atau paling mendapat perhatian. Yang penting ialah modal dapat kembali, dikitar semula, dan disalurkan semula ke syarikat lain dari masa ke masa.

Apabila lebih banyak proses keluar pelaburan wujud, ekosistem juga menjadi lebih matang. Modal tidak berhenti di satu tempat, sebaliknya terus bergerak dan menyokong pertumbuhan baharu.

Bagi Jelawang Capital, ๐˜”๐˜ข๐˜ญ๐˜ข๐˜บ๐˜ด๐˜ช๐˜ข'๐˜ด ๐˜•๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜๐˜ถ๐˜ฏ๐˜ฅ-๐˜ฐ๐˜ง-๐˜๐˜ถ๐˜ฏ๐˜ฅ๐˜ด, ini adalah sebahagian daripada usaha memperkukuh bagaimana modal bergerak melalui ekosistem modal teroka Malaysia.

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Level 10, Menara Ilham, No 8 Jalan Binjai
Kuala Lumpur
50450

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Tuesday 09:00 - 17:00
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