Cradle CEO Nazrin Hassan shares his thoughts on the strengthening ecosystem in Malaysia, while wishing that more entrepreneurs had the burning desire to succeed.
Malaysia’s crowdfunding pioneer pitchIN has launched its equity crowdfunding (ECF) platform, with the first campaigns slated to go live in mid-April.
Cradle Fund has signed on six new partners, raising another RM52mil for its co-investment funds, which now total RM159.2mil (US$37.7mil).
Cradle Fund has grown its co-investment programme fund size to RM107.2 million (US$25.11 million) after tying up with four additional partners: Senior Marketing System Asia, East Ventures SEA 2, MOC Capital and Qeerad Holdings.
There was less buzz than usual when GrabTaxi raised its largest round so far, a whopping US$350 million! Is it a case of funding fatigue, or because GrabTaxi is an entirely different creature now, DNA founder Karamjit Singh ponders.
Malaysian Business Angel Network (MBAN) hopes that its members will make about RM10 million (US$2.6 million) worth of investments over the next 12 months, partly helped by the network’s collaboration with London Business Angels (LBA).
Some may see the recent launch of Cradle Seed Ventures Pte Ltd as an initiative to encourage public-private partnership on the domestic startup funding front, but the move has a much bigger agenda: To prevent, or at least to minimise, the number of good deals flowing out of Malaysia.
The funding floodgates haven’t opened for the Malaysian startup ecosystem and we haven’t seen the ‘silly deals’ we expected, writes DNA executive editor A. Asohan, who believes it’s time for the corporate world to step up.
Digital retail solutions provider Ebizu Sdn Bhd said it has been awarded CIP 500 funding by Cradle Fund Sdn Bhd, the Malaysian Ministry of Finance non-profit that provides early-stage funding.
Cradle Fund Sdn Bhd has signed up another five partners for its Co-Investment Partners programme, doubling the total combined funding under the programme to about RM56.7 million (approximately US$16 million) from RM28 million.