Startups can look forward to the collaborative efforts between Mranti and pitchIn in giving them the opportunity to raise investments through pitchIN’s platform while receiving valuable support and guidance from Mranti.
With alternative financing surpassing venture capital funding in Malaysia, having raised RM1.7 billion in 2022 compared to RM1.3 billion from venture funding, the collaboration positions regulated alternative financing and investments as the preferred option for businesses as well as investors in Malaysia. “Malaysia aims to attain a Top 20 position in the Global Innovation Index (GII) by 2030 and rises among the middle-income economies by bridging the innovation divide, supported by positive indicators such as high-tech net exports and creative goods exports. Our position here tells you that we do have bright talent and a lot of potential that requires some refining.” “The collaboration between MRANTI and pitchIN will pave the way for a vibrant and dynamic innovation environment, enhancing Malaysia’s position on the GII. By value-adding to the start- ups’ growth development cycle, we are effectively raising their value and impact. Through this partnership, we are poised to transform the investment landscape, democratise access to capital, and drive the growth of startups and spin offs in the country,” said Dzuleira Abu Bakar, CEO of MRANTI.
This year, the target is set to boost 15 tech startups from MRANTI in raising funds from investors in exchange for a stake (equity) in the businesses. Distinguished by its proven track record, pitchIN has facilitated the successful fundraising efforts of 163 companies, collectively raising an impressive RM297 million since 2016. Furthermore, pitchIN’s Fundraising Accelerator (FA) programme has already nurtured over 60 companies and 120 founders, equipping them with the skills and connections to embark on their entrepreneurial journeys. Sam Shafie, pitchIN CEO said that pitchIN is looking forward to working with MRANTI on this programme. “Our FA programme will impart essential knowledge and the intricacies of
fundraising to the participants. All startups need capital for growth and expansion. Our experience running the pitchIN equity crowdfunding platform has shown that most startups will benefit from learning about key areas covered in our programme such as company valuation, legal, due diligence, deal structuring, and funds sources. In addition to that, all our FA cohorts
participants receive specialised fundraising advice as well as preferential access to our equity crowdfunding expertise.”
Applications for the Funding Accelerator Programme that will take place from July 24 to July 26 are now open, and interested startups can apply at https://academy.pitchin.my. The deadline for applications is July 17, 2023
