Deal Street Asia, 11 October 2021
Partners at RHL Ventures: (L-R) Teng Chen Shun, Jo Jo Kong, Rachel Lau, Tengku Ahmad Ridhwanuddin, Raja Hamzah Abidin.
Malaysia-based venture capital firm RHL Ventures is looking at raising up to $100 million for Hibiscus Fund, a venture vehicle it formed with South Korea’s KB Investment Co.
RHL Ventures managing partner Rachel Lau confirmed to DealStreetAsia that the fund, which made its first close at $50 million, is targeting a final close at $80 million to $100 million.