Malaysia’s new startup incubator Nexting Ventures launches with US$380K funding
In a statement, the company said it has also raised RM1.6 million (over US380,000) in funding from undisclosed angel investors.
Nexting aims to impact living in the coming decades.
“We want to provide a more convenient, humanized, and implementable solution for the next generation. We programmed impact living in all the aspects of our product and services from the stage of ideation and development, to bringing it to our users and clients,” said Penny Leong, Chief Business Development Officer, Nexting.
“Malaysia, with its strategic location and diverse culture, is a nation with a rapid-growing ecosystem that has much to offer the world. With that, we would like to seize the potential and opportunity of technology, talents, and innovation to redistribute opportunity in the community and society in which we live,” said Nexting Ventures CEO Sophia Tey.
Nexting was founded in 2017 by six founders. In the current form, Nexting is a multi-platform business solutions provider, focusing on a diversity of entities. The company intends to nurture diverse talent with great opportunities, including great products, services, and solutions geared directly towards next generation needs and wants.
The four-month-old incubator has also grown its team from six to 40 people in 2019, and recently expanded its operations to Ho Chi Minh, Vietnam.
Nexting has also developed four startups in-house for an incubation program.
Below is a brief profile of each startup:
Lifyn Co: A tenant management app, Lyfin is designed to solve problems between the house owner and the tenant.
Vision Building: A team building and training company in Malaysia. It helps organizations build a team with a vision, inculcate, and instill corporate vision, mission, values, and cultures to employees.
Next Pictures: A media production house specializing in channeling art through story-telling.
Pinnacle Living: It aims to empower people in creating a happy home by providing top-notch home and living products specializing in bedding, bathing, home decoration, and home planning items.