pitchIN, a leading equity crowdfunding (ECF) platform in Malaysia, announced today it has raised RM5.5 million (~US$1.3 million) through its own campaign.
The capital came from 322 investors who participated, including Chan Kok San, co-founder of Aimflex; and Simpson Wong Kean Hin, Managing Director of Shellys Marketing.
pitchIN is currently in the final stages of raising an additional RM5 million (US$1.2 million) from institutional investors.
“We set out to raise RM10 million in total, of which RM5 million was allocated for institutional investors. The investors have been identified and we expect to close that amount fairly soon,” CEO Sam Shafie said in a statement.
With the new funding, pitchIN aims to expand its operations to serve more businesses and investors, as well as offer new services in the next few years.