Investments
37Portfolio Exits
2Funds
2Partners & Customers
5About Cradle Fund
Cradle aims to help promising Malaysian technology entrepreneurs pave their way to success. Its services are specially designed to help technology start-ups at various stages. The company was founded in 2003 and is based in Kuala Lumpur, Malaysia.
Latest Cradle Fund News
Nov 29, 2023
By November 29, 2023 Cradle Fund Sdn Bhd, the focal point agency for Malaysia’s startup ecosystem under the Ministry of Science, Technology, and Innovation (MOSTI), proudly announces the appointment of Norman Matthieu Vanhaecke as the Group Chief Executive Officer (GCEO), effective November 23, 2023. Norman Matthieu Vanhaecke, of Malay and Belgian descent, has been serving as the acting GCEO of Cradle since June 1, 2022. Joining Cradle in 2020 as the Head of Finance and Corporate Services, Norman brings a wealth of experience, having started his professional journey as an auditor at KPMG. Throughout his career, he has held key positions in strategy, finance, and management in both local and multinational oil & gas-related companies and government agencies. Norman holds degrees in Accounting from the University of Queensland, Australia, and Software Engineering from Multimedia University, Malaysia. His passion for technology and innovation has been a driving force, inspiring him to elevate local Malaysian tech companies to global competitiveness. Cradle Chairman Datuk Yvonne Chia commended the appointment, emphasising that Norman’s promotion reflects the organization’s commitment to nurturing internal talent and effective succession planning. “Over the past 18 months, Norman has proven his leadership skills as the acting GCEO, significantly impacting the organisation under his guidance. With his solid background and expertise, and his demonstrated track record of success, I’m assured that Cradle will continue to spearhead the nation’s startup agenda bringing positive impact to society, individuals and businesses, as well as the country as a whole, echoing the objectives of Malaysia MADANI,” said Datuk Yvonne. Cradle acknowledges the unwavering support from the Ministry of Finance (MOF) and MOSTI throughout its journey. The collaboration between Cradle and these ministries has played a pivotal role in shaping an inclusive, impactful, and sustainable startup ecosystem, aligning with the government’s goal to position Malaysia in the Top 20 Global Startup Ecosystem by 2030. The steadfast commitment of MOF and MOSTI has fueled startup growth and significantly contributed to the broader economic landscape. Related
Cradle Fund Investments
37 Investments
Cradle Fund has made 37 investments. Their latest investment was in Ittihad Maju Jaya as part of their Grant on January 1, 2023.
Cradle Fund Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
1/6/2023 | Grant | Ittihad Maju Jaya | $0.11M | Yes | 1 | |
10/12/2022 | Grant | CloudJoi | Yes | 1 | ||
10/12/2022 | Grant | Apping Technology | Yes | 1 | ||
10/12/2022 | Grant | |||||
10/12/2022 | Grant |
Date | 1/6/2023 | 10/12/2022 | 10/12/2022 | 10/12/2022 | 10/12/2022 |
|---|---|---|---|---|---|
Round | Grant | Grant | Grant | Grant | Grant |
Company | Ittihad Maju Jaya | CloudJoi | Apping Technology | ||
Amount | $0.11M | ||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
Cradle Fund Portfolio Exits
2 Portfolio Exits
Cradle Fund has 2 portfolio exits. Their latest portfolio exit was MyCash Online on March 02, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/2/2022 | Acquired | 3 | |||
Date | 3/2/2022 | |
|---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 3 |
Cradle Fund Fund History
2 Fund Histories
Cradle Fund has 2 funds, including Cradle Fund II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/6/2016 | Cradle Fund II | $45.73M | 1 | ||
10/16/2016 | Cradle Co-Invesment Partners |
Closing Date | 12/6/2016 | 10/16/2016 |
|---|---|---|
Fund | Cradle Fund II | Cradle Co-Invesment Partners |
Fund Type | ||
Status | ||
Amount | $45.73M | |
Sources | 1 |
Cradle Fund Partners & Customers
5 Partners and customers
Cradle Fund has 5 strategic partners and customers. Cradle Fund recently partnered with MYStartup Accelerator on June 6, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
6/21/2023 | Partner | Malaysia | MYStartup partners Maxis, Petronas, Cyberview and airasia academy to support Malaysian startups MYStartup Accelerator , an initiative by the Ministry of Science of Technology and Innovation and Cradle in Malaysia , has partnered with Malaysian firms Maxis , Petroliam Nasional Berhad , Cyberview and airasia academy to foster growth in Malaysia 's startup ecosystem . | 1 | |
12/8/2022 | Partner | ||||
8/9/2022 | Partner | ||||
1/1/2018 | Partner | ||||
1/22/2016 | Partner |
Date | 6/21/2023 | 12/8/2022 | 8/9/2022 | 1/1/2018 | 1/22/2016 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Malaysia | ||||
News Snippet | MYStartup partners Maxis, Petronas, Cyberview and airasia academy to support Malaysian startups MYStartup Accelerator , an initiative by the Ministry of Science of Technology and Innovation and Cradle in Malaysia , has partnered with Malaysian firms Maxis , Petroliam Nasional Berhad , Cyberview and airasia academy to foster growth in Malaysia 's startup ecosystem . | ||||
Sources | 1 |
Cradle Fund Team
1 Team Member
Cradle Fund has 1 team member, including former President, Benjamin Ng.
Name | Work History | Title | Status |
|---|---|---|---|
Benjamin Ng | President | Former |
Name | Benjamin Ng |
|---|---|
Work History | |
Title | President |
Status | Former |
Compare Cradle Fund to Competitors
Ethis operates as a Shariah-compliant equity crowdfunding platform. The company was founded in 2014 and is based in Kuala Lumpur, Malaysia.
FSI Capital is a microfinance company with a specialization in the provision of structured financing to individuals and companies. It offers cheque discounting, loans, unsecured bids, performance bonds, cash for shares, and more. FSI Capital was founded in 2001 and is based in Nairobi, Kenya.
2Ext operates as a business consulting service provider. It provides legal, financial, and business advice for startups, valuation analysis, organizes programs for pitching startups and investors, due diligence, financial regulations and compliance, and more. The company is based in Bangkok, Thailand.
Telekom Research & Development (TM R&D) operates as the innovation center for Telekom Malaysia. It offers smart connectivity and digital solutions for information and communication technology (ICT) companies. The company was founded in 2001 and is based in Cyberjaya, Malaysia.
Ufi Ventures offers early-stage ventures finance and support that draws on the depth of Ufi’s experience in developing digital technologies.
Sedania As Salam Capital is a technology company. It offers Islamic fintech solutions to financial institutions. It offers As-Sidq, a proprietary Shariah-compliant digital commodity trading platform that facilitates secure, real-time, and anytime brokerage of digital commodities for financial institutions’ Tawarruq requirements. It empowers financial institutions with Islamic fintech solutions that facilitate secure, real-time, and anytime brokerage of digital commodities for financial institutions’ Tawarruq (commodity murabahah) requirements. It was founded in 2005 and is based in Petaling Jaya, Malaysia. It is a subsidiary of Bursa Malaysia-listed Sedania Innovator Berhad.
Loading...