Active but limitedVenture DebtGated / conditional
MDV — Venture Debt Financing (Malaysia Debt Ventures)
Venture Debt — Term/Revolving Loan (VC-backed companies only)
Non-dilutive term/revolving debt for VC-backed Malaysian tech companies extending runway between equity rounds; requires a completed funding round.
Active but limited — Active institution (mdv.com.my) but access is gated: company must have completed at least one VC funding round. Not open-call; apply directly to MDV. Ticket RM1M–RM10M.
Financial Parameters
- Total pool / mandate
- RM4.1 billion aggregate fund size (all MDV programmes combined)
- Ticket size
- RM1,000,000 – 15000000
- Cost of capital
- Not publicly specified; below-market tech-focused rate; competitive vs. commercial banks; both conventional and Shariah-compliant instruments available
- Tenure
- Typical 2–5 years (venture debt tenor aligned to equity round runway)
- Grace period
- Existing VC investor equity round required; warrants or equity kicker may apply; min paid-up capital RM100,000; min 5 employees
- Shariah-compliant
- Both
Focus Areas
- Value chain segments
- ICT / Deep TechGreen / Renewable EnergyIC Design & Embedded SystemsFintech
- Use of proceeds
- CapExWorking CapitalR&DCommercialisation
- Company stage
- Early revenue (Seed–Series A)Growth-stage
Eligibility
- Ownership requirement
- Public or private limited company incorporated in Malaysia; min paid-up capital RM100,000; min 5 employees; no restriction on foreign shareholding; must have completed at least one VC equity funding round; viable technology project/contract
Post-VC funded tech startups or growth companies; VC-backed; product/service proven; seeking non-dilutive debt to extend runway between equity rounds
Application
- Application cycle
- Rolling — direct application to MDV (mdv.com.my); no fixed intake schedule
Background
- Example recipients
- VC-backed semiconductor equipment companies, OSAT tech firms, IC design startups extending runway between Series A/B rounds
- Notes / source
- Source: Malaysia Debt Ventures Berhad, https://www.mdv.com.my/v3/venture-debt-2/