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PROFICEO Raised Over RM427.9 Million in Growth Funds

by moneycompass
September 18, 2019
in Local Market News
(From right to left) Thomas Yip of Radica Software, Mike Chu of PTT Outdoor, Foo Bao Bao of Cheekaboo.com

(From right to left) Thomas Yip of Radica Software, Mike Chu of PTT Outdoor, Foo Bao Bao of Cheekaboo.com

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IPOH, PERAK, 12 September 2019 – PROFICEO announced over RM427.9 million has been raised in growth funds and generated over RM2.295 billion in economic impact to the nation.

The CEO and Chief Explorer of PROFICEO, Renuka Sena believes the private sector has to play a bigger role in giving more opportunities to youth, not just in terms of jobs but also to create more entrepreneurs.

That has always been a key driver of PROFICEO ’s initiatives and programmes and this will now be extended outside the Klang Valley to other major economic hubs in Malaysia.

“We welcome government agencies, private sector or youth organisations who want to support Proficeo’s vision of catalysing mini ecosystems all over Malaysia to get in touch with us,” she said. 

After a decade of building a formidable entrepreneurship ecosystem in the Klang Valley, PROFICEO is now on a mission to replicate this success all around Malaysia as they held their first GoDigital – YOUTH community event in Ipoh, Perak on 7 September 2019 at the Perak Youth Hub.

Aims to showcase local heroes who can be role models and mentors to the youth, Renuka shared that it was because of their alumni that Proficeo decided to embark on this mission.

They decided that the youth were the best place to focus their energies on as they were born in the digital age. All PROFICEO needed to do is to show them how to harness digital technologies to spark entrepreneurship or at the very minimum to gain financial freedom.

The panel consisted of alumni from Proficeo’s coaching programmes namely Thomas Yip of Radica Software, a giant in the Malaysian Technology scene having notable customers like NASA, Apple and Bombardier;  Mike Chu of PTT Outdoor, who most recently beat out applicants from all over Malaysia to bag the AMBANK Bizrace 2019 Grand Champion spot; and Foo Bao Bao of Cheekaboo.com who sells children’s swimwear on Amazon. They answered questions posed by the participants and shared passionately about their journey of entrepreneurship, their challenges, their motivation and their dreams to the youth of Ipoh.

Renuka announced that the next GoDigital YOUTH was already in the works and the next city PROFICEO would be travelling to would be Johor Bharu.

PROFICEO are specialist venture builders for high growth Scaleups and has a proven track record in entrepreneurship program design and implementation.

Tags: CradleGoDigital YouthProficeoyouth
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