MYSTARTR.COM helped 13 startups raise a total of RM19.7mn

MYSTARTR.COM is changing the game for startups after it successfully helped 13 startups raise RM19.7 million on its crowdfunding platform.

MyStartr Equity says the Crowdfunding Platform’s performance in 2020 has gone beyond expectations. 

It achieved about 200% of its target with the 13 projects completed. In March last year, MyStartr expected to fundraise RM10 million for 2020.

According to founder and CEO, Goh Boon Peng the outstanding result indicates that investors are gaining confidence toward equity crowdfunding (ECF). 

Starting from Jan 2021, MyStartr has organized a series of equity crowdfunding workshop to promote fundraising awareness to the startups.

The company says 3 projects successfully raised more than RM2 million in 2020, namely i-3S (RM3.03 mil), FootballHub (RM3.03 mil) and BidNow (RM2.1 mil). 

The platform attracted 1,580 investors participating in ECF while 75% of them were retail investors who invested less than RM5,000 in a project. 

Meanwhile, Malaysia Co-Investment Fund (MyCIF) contributed RM4.09 million to the platform in 2020. The funds benefitted 8 startups.

Currently, MyStartr’s mission is to create crowdfunding awareness among young entrepreneurs and stakeholders. 

MyStartr intends to assist start-ups, especially young entrepreneurs who have developed creative and innovative products and services.

Hosting events online is an amazing way to include people who aren’t able to travel to in-person events, and here are 10 ways that you can create an even more welcoming, more inclusive space in your online events.

As such, it plans to help at least 5,000 entrepreneurs raise a total of RM2.5 billion in the next 10 years.

The company says it also plays a role in bridging the gap between investors and startups, educating more and more retail investors to invest. 

The Securities Commission awarded an equity crowdfunding licence to MyStartr in May 2019, allowing it to raise funds for the early-stage startups.

MyStartr’s “Dream Factory” programme which started in 2012 has since then developed into a startup competition. 

Every year, 30 to 40 startups that successfully raise the crowdfunding target amount, progress to one month of intensive business education and mentorship training.

This helps them to earn the right to pitch at the startup competition.

Photo by Ian Schneider on Unsplash