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pitchIN, a Malaysian crowdfunding platform, has raised $1.3 million via equity crowdfunding

A total of 322 investors participated in pitchIN's equity crowdfunding round.


pitchIN, a Malaysian crowdfunding platform, has raised $1.3 million via equity crowdfunding | BEAMSTART News

pitchIN, one of the leading platforms for equity crowdfunding (ECF) in Malaysia, has just raised $1.34 million via their very own equity crowdfunding round.

A total of 322 investors participated in the ECF round.

Key Highlights

  • pitchIN raised a total of RM5.5 million (US $1.34 million) via Leet Capital, another equity crowdfunding platform from Malaysia.
  • A total of 322 investors participated in the round, which include retail, angel, and sophisticated investors.
  • pitchIN is also in the final stages of raising an additional RM5 million from institutional investors.

Why It Matters

  • pitchIN's campaign was an oversubscribed round, surpassing the initial target of RM5 million.
  • There are over 900,000 SMEs in Malaysia alone, many that could potentially raise funds via equity crowdfunding in the future.
  • To date, pitchIN has helped 112 SMEs raise RM177 million across 5,500 investors.
  • Funds raised will be used to expand the company's operations to serve more businesses, as well as open up a secondary market for its ECF platforms later this year.

ABOUT THE AUTHOR

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Works at BEAMSTART

ALSO MENTIONED IN THIS POST

PitchIn

pitchIN is the Home of Crowdfunding in Malaysia.

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