Co-investment supports potential high growth Malaysian tech firms pitchIN to launch slew of new products, including IEO, expand regionally The Malaysian Technology Development Corporation (MTDC) a wholly-owned company of Khazanah Nasional Bhd has joined Gobi Partners as co-investor in a US$1.16 million (RM5 million) investment in Pitch Platforms Sdn Bhd (pitchIN) to assist it to expand its equity crowdfunding (ECF) platform, launch the first initial exchange offering (IEO) in Malaysia, introduce a secondary market platform and expand regionally.
Co-investment supports potential high growth Malaysian tech firmsThe Malaysian Technology Development Corporation a wholly-owned company of Khazanah Nasional Bhd has joined Gobi Partners as co-investor in a US$1.16 million investment in Pitch Platforms Sdn Bhd to assist it to expand its equity crowdfunding platform, launch the first initial exchange offering in Malaysia, introduce a secondary market platform and expand regionally.
“We support and believe that this co-investment will benefit Malaysia’s technology companies as their capability to sustain and grow their business in the wake of the recent pandemic is another reason for our continued partnership with them. MTDC would also like to invite other investors to co-invest alongside us, specifically in the technology sector.”Pitch Platform’s CEO, Sam Shafie said,"We are pleased to welcome two strategic corporate investors into pitchIN.
With this additional investment in pitchIN, MTDC will be able to further facilitate fundraising for local technology-based companies through their crowdsourcing online platform. MTDC will also provide its integrated support services for the companies funded which includes Technology Centre Management, Technopreneur Training Academy , Centre of 9 PillarsÒ and advisory services such as mentoring, soft-landing, branding, fund raising, international collaboration and networking.
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