KUALA LUMPUR: Malaysia Venture Capital Management Bhd (Mavcap) is investing RM80mil in three venture capital (VC) funds under its RM200mil second outsource partners programme (OSP-2). 

Having signed up with the recipients - Ethos Capital One Sdn Bhd, Expedient Equity Ventures Sdn Bhd and DTA-Plato Capital Sdn Bhd - it now has a total seven outsourced VC funds, including four from the outset of OSP-1 programme in 2001. 

More Malaysian technology companies would be benefiting from the OSP-2 programme that was launched last year, Mavcap said in a statement. 

“Under OSP-2, we are currently finalising a few more new VC funds, including one Islamic VC fund,” it said.