# Khazanah Nasional: portfolio, investments and team > Khazanah Nasional is an institutional lp based in Malaysia. 10 investments on record, 1 in the last 12 months, latest Dec 2025. Source: https://millionrounds.com/fund/khazanah-impact-innovation-challenge (Millionrounds; every figure on the page links to its filing or article) Malaysia · [Investor](https://millionrounds.com/investors) # Khazanah Nasional Last cheque observed Dec 2025; 10 cheques on record. Deploying now Institutional LP Grant Content Creators Content Marketing Deploying now **50%** of best year **1** **cheques in 12 months**, 10 on record Since the last cheque **329** days **00** hrs **00** min **00** sec Median round **$73M** Rounds led **2 of 10** Sole investor **2 rounds** Exits **1 from the portfolio** Mostly in **United States, 40%** Pitch Khazanah Nasional ## Khazanah Nasional highlights - 01 1 cheques in the last 12 months - 02 Mostly Series C and Series D: 44% of its rounds - 03 Sole investor in 2 rounds, median $49M - 04 1 exits from the portfolio ## What they do > Khazanah Nasional Berhad (Khazanah) is the sovereign wealth fund of Malaysia, established in 1993 and owned by the Minister of Finance (Incorporated) and the Federal Land Commissioner (Incorporated). From their own website - **Type:** Institutional LP - **Cheque size:** Not stated - **Stages:** Grant - **Sectors:** Content Creators Content Marketing - **Based in:** Kuala Lumpur, Malaysia - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **10 appearances** - **2025** 2 rounds - **Dec** **[Validus](https://millionrounds.com/company/validus)** Series D · SG · Firms' own news pages **$30M** *Led* - **Mar** **[Turing](https://millionrounds.com/company/turing)** Series E · US · TechCrunch **$111M** *Led* - **2019** 1 round - **Jan** **[Fractal Analytics](https://millionrounds.com/company/fractal-analytics)** IN · VentureBeat **$200M** With 2 others - **2018** 1 round - **Jun** **[Ant Financial](https://millionrounds.com/company/ant-financial)** Series C · CN · TechCrunch **$14B** With 5 others - **2017** 1 round - **Mar** **[VeloCloud](https://millionrounds.com/company/velocloud)** Series D · US · FinSMEs **$35M** With 7 others - **2016** 1 round - **Nov** **[Phunware](https://millionrounds.com/company/phunware)** Series F · US · FinSMEs **$22M** Sole investor - **2015** 2 rounds - **Sept** **[yepme.com](https://millionrounds.com/company/yepme-com)** Series B · IN **$75M** Sole investor - **Sept** **[Zivame.com](https://millionrounds.com/company/zivame-com)** Series C · IN **$40M** With 4 others - **2014** 1 round - **Feb** **[General Fusion](https://millionrounds.com/company/general-fusion)** Series E · CA **$22M** With 9 others - **2010** 1 round - **Dec** **[Small Bone Innovations](https://millionrounds.com/company/small-bone-innovations)** Series F · US · finsmes.com **$15M** With 2 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **31** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[Small Bone Innovations](https://millionrounds.com/company/small-bone-innovations)** Bought by Stryker Corporation **$375M** Jun 2014 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Grant Median round joined **$73M** the round, not its cheque Alone, median **$49M** Led 2 of 10 rounds **20%** - **Sole investor:** 2 rounds - **Last cheque:** Dec 2025 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Series C *2* - Series D *2* - Series E *2* - Series F *2* - Series B *1* - Grant said *-* Cheques by month Led Joined Nov 2023 Oct 2026 **Pitching Khazanah Nasional?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Khazanah Nasional put money into. [**Fractal Analytics** $200M · Jan 2019](https://millionrounds.com/company/fractal-analytics)[**VeloCloud** $35M · Mar 2017](https://millionrounds.com/company/velocloud)[**Phunware** $22M · Nov 2016](https://millionrounds.com/company/phunware) ## Quick answers about Khazanah Nasional ### What does Khazanah Nasional invest in? Khazanah Nasional invests most often at Series C and Series D (44% of the rounds on record), in sectors such as Content Creators and Content Marketing. ### How active is Khazanah Nasional? 10 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Dec 2025. ### What has Khazanah Nasional invested in recently? Its most recent investments on record: Validus (Series D, Dec 2025), Turing (Series E, Mar 2025) and Fractal Analytics (Undisclosed round, Jan 2019). ### How big are Khazanah Nasional's cheques? The median round it joins is $73M. ### Does Khazanah Nasional lead rounds? Yes: it led 2 of its 10 investments on record (20%). ### Where does Khazanah Nasional invest? Most of the companies it backs are in the United States (40%), India (30%) and Singapore (10%). ### Is Khazanah Nasional investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### What kind of investor is Khazanah Nasional? Khazanah Nasional is an institutional LP based in Kuala Lumpur, Malaysia. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=khazanah-impact-innovation-challenge) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=khazanah-impact-innovation-challenge)