Everpeaks, a Malaysian based omni-channel eCommerce solutions provider has successfully raised RM1,441,000 (USD339,912).
It attracted 48 investors with 25.17 percent of total equity offered through pitchIN, Malaysia’s leading equity crowdfunding (ECF) platform. The highest individual investment value was RM1 million (USD235,890).
The company is set to spread its wings, enabling European and American brands to penetrate the South East Asian market by making Malaysia their regional distribution hub.
“A shift in both consumer behaviour and manufacturer opens up new opportunities within the M2C Commerce market and forms a golden opportunity for Everpeaks to push forward our Fulfilment By Everpeaks (FBE) business model. It is our vision to enable M2C commerce globally,” said Joachim Sebastian, chief executive officer and founder.
The key to its global expansion plans is via FBE as the vehicle which is a self-managed technology platform that enables M2C Commerce with the ability to connect brands to consumers in the SEA region via a Free Trade Zone (FTZ) facility that is within an airport’s vicinity.
With the funding secured, it is as per the plan to allocate 40 percent of the investment portion towards building a marketing effort to be present in exhibitions around the world, in their bid to expand by securing clients and establishing a solid footing in their global expansion.
Everpeaks will be participating as an exhibitor as well as an invited keynote speaker to the White Label World Expo in Las Vegas & New York-USA, London-UK and Frankfurt-Germany in 2021. Joachim expressed his gratitude for the successful fund raising exercise.
“Together with our co-founders and team, we would like to take this opportunity to thank the investors for the support. We would also like to extend our utmost appreciation to the pitchIN team who has been a tremendous pillar for our success with their unparalleled breadth of advice and guidance in getting early stage companies like ours to successfully get the funding that we require for our expansion roadmap.”
It is also in their scheduled plans to allocate an additional 30 percent of funds to develop and refine their technology solution with 20 percent to be allocated towards building the manpower strength.
“Everpeaks is one of the many success stories this year for pitchIN. One of Everpeaks’ key values in their success is that they have been constantly visible from the get-go with a sound business proposition.” Sam Shafie is happy to also note that, “pitchIN has, in just the first 6 months of 2020, surpassed fundraising figures for the whole of 2019, despite the Covid-19 pandemic that has affected businesses everywhere. We are pleased that investors have continued to invest in deals at pitchIN, enabling great companies like Everpeaks to be funded. pitchIN is on track to record sharply higher performance this year, with many more deals coming up soon,” said pitchIN chief executive officer, Sam Shafie.