Australian edutech startup OpenLearning has raised $8.5 million in a Series A round led by Malaysian companies Prestariang Berhad and Paramount Corporation Berhad, with participation from a handful of local investors.
The MDEC has announced the development of new digital startup hubs and incentives that it hopes will attract Australian startups to Malaysia.
To put it bluntly, the amount of angel investment available in this country is much larger than one would imagine. Perhaps this has something to do with the actual amount of angel investments happening in the country being quite underwhelming. However, this is an advantage for overseas players keeping a close eye on the Australian market for opportunities.