VentureTECH invests in Hanan Medicare amid US$72.3 mil pharma push, makes maiden Sabah deal into AgriData Portal
- ID
- 35195
- Status
- summarized
- Published
- 14 Oct 2026, 11:08 AM
- Fetched
- 14 Oct 2026, 11:26 AM
- Provider
- Digital News Asia
- Category
- malaysia-tech
- Original URL
- https://www.digitalnewsasia.com/startups/venturetech-invests-hanan-medicare-amid-us723-mil-pharma-push-makes-maiden-sabah-deal
- Source URL
- https://www.digitalnewsasia.com/rss.xml
Summary
- Score
- 4.0
- Created
- 14 Oct 2026, 11:26 AM
- Tags
- Audience
- saas_startup_founders
What happened
VentureTECH invested in Hanan Medicare and AgriData Portal at a 13 Oct signing in Kuala Lumpur, with financial terms undisclosed; the deals align with RMK13 and PuTERA35. Hanan Medicare is expanding into biosimilar manufacturing, especially insulin, after MIDA disclosed a planned RM194.9m Rawang project for biopharma/insulin/injectables and a separate RM100m GoodScience project covering 12 therapeutic indications including oncology, though it is unclear whether VentureTECH's investment is part of those prior commitments. AgriData Portal is scaling an integrated agricultural platform combining financing, farm management technology and market access for smallholder farmers in Sabah, described as VentureTECH's maiden Sabah deal.
Why it matters
For Malaysian startup founders, this signals that government-linked VC money is being framed around domestic capability and bumiputera participation in strategic sectors—biopharma and agritech, not generic SaaS. If you're pitching an agritech or healthtech startup in Malaysia, the concrete implication is to map your narrative to RMK13/PuTERA35 and, for Sabah, the financing + farm management + market access bundle; ticket sizes and terms are undisclosed, so don't assume a comparable raise from this item alone.
Discussion angle
What would it take for a Malaysian gov-linked VC to fund your startup? Use this as a case study: Hanan Medicare already had pharma manufacturing and is moving into insulin biosimilars, while AgriData Portal bundles financing, farm management tech and market access for Sabah smallholders—so should founders optimize for strategic-sector alignment over pure software traction?