KWAP invests RM100 mil in Bateriku, Lapasar, Vynn Capital and Antler under Dana Perintis

In February 2024, Retirement Fund (Inc) (KWAP) announced the first tranche of its Dana Perintis strategy — a RM100 million commitment distributed across four companies and funds, with Lapasar named as a direct portfolio company alongside Bateriku, Vynn Capital, and Antler Malaysia.

What Dana Perintis Signals

Dana Perintis is KWAP's initiative to back high-growth Malaysian companies that contribute to the nation's economic and digital transformation agenda. Lapasar's selection reflects the platform's position as critical procurement infrastructure: more than 250 government-linked companies and enterprises route purchasing spend through the Lapasar marketplace.

National Procurement Infrastructure

KWAP's investment is a validation of Lapasar's thesis that reliable, scalable B2B commerce infrastructure is a public economic good — not just a commercial opportunity. The platform's end-to-end fulfilment model, verified supplier base, and commitment to transparency and governance align directly with the priorities of institutional investors managing long-term national assets.

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