Cradle Fund has partnered with Kapital DX (KLDX), a multi-asset fundraising and investment platform, to provide an alternative fundraising option for Malaysian startups.
This collaboration aims to address the funding challenges faced by startups, particularly those who may not fit the traditional venture capital model.
The partnership, an initiative under the Ministry of Science, Technology and Innovation’s (MOSTI) Fund Funnel Programme, seeks to bridge the funding gap identified in the Malaysian Startup Ecosystem Roadmap (SUPER) 2021-2030.
By offering access to the KLDX platform, Cradle will enable its alumni network and other startups to explore a new avenue for raising capital.
This initiative is seen as a crucial step towards fostering a sustainable startup ecosystem in Malaysia.
It provides startups with more flexibility in securing funding and allows them to access capital at various stages of growth, ultimately increasing their chances of success.
This aligns with Malaysia’s ambition of becoming a top 20 global startup ecosystem by 2030.
The KLDX platform will also be integrated into the MYStartup Single Window platform for easier access.
Norman Matthieu Vanhaecke, Group CEO of Cradle Fund, said,
“Our collaboration with KLDX represents Cradle’s commitment to nurturing and growing the Malaysian startup ecosystem. With years of experience funding early-stage startups, Cradle understands the critical need to sustained capital access as companies scale.
With KLDX, we’re introducing a critical financing option that gives startups the flexibility to pursue the growth and innovation needed for scaling. We’re thrilled to offer this to Cradle’s alumni and startups across Malaysia as a viable alternative to traditional VCs.”
Selvarany Rasiah, CEO of KLDX said,
“Our platform enables companies to secure the capital they need to innovate, grow, and prepare for long-term success, including the potential for an IPO. By offering flexible fundraising options, KLDX and Cradle are empowering Malaysian startups to scale sustainably and contribute to the nation’s vision of becoming a global leader in the startup landscape.
This collaboration specifically targets the gap in funding at Series A and beyond, which is often challenging to secure within the local ecosystem. This MoU aims to bridge that gap, providing startups with resources to transition from early-stage funding to sustainable growth, ultimately increasing their prospects of reaching Initial Public Offering (IPO) status.”
