Malaysian equity crowdfunding platform MyStartr has launched its own crowdfunding campaign on its counterpart’s platform Alta, formerly known as Fundnel.

MyStartr’s campaign has raised over RM1.9 million to date from 189 investors and has reached 95.5% of its fundraising target.

The crowdfunding campaign will conclude in 10 days on 23 December 2022.

MyStartr was first established as a reward-based crowdfunding platform and licensed by the Security Commissions in 2019.

It has facilitated over 59 startups to raise RM100 million via its platform and currently has over 5,400 investors in its network.

Goh Boon Peng, Founder and CEO of MyStartr said,

“ With funds raised from the ECF round, we will accelerate the advancement of our next generation ECF platform, which will better help issuers raise capital and provide well-analyzed opportunities for investors.

 

The funds raised will also go to expanding our mentorship program to help companies level up skills in scaling their business, as well as also improving public awareness of ECF.”

Kelvin Lee, Co-Founder and CEO of Alta said,

“With the maturity of alternative financing platforms in Malaysia today, firms like MyStartr and Alta provide compelling offerings that benefits both issuers and investors alike.

 

With a strong roadmap and exciting developments to forward the space, Alta is thrilled to support MyStartr in their fundraising round.”