Malaysia: Nuren raises $68k via ECF, exceeding target upon offer launch

Nuren CEO Petrina Goh and Crowdo CEO Leo Shimada.

Malaysia-based wedding and baby e-commerce platform, Nuren Group, has raised over MYR252,000 ($67,700) via its equity crowdfunding (ECF) offer, on top of the recent $2 million Series A round it raised from Gobi Partners in March.

This is the region’s first venture-backed ECF offering, and Gobi Partners co-founder and managing partner Thomas G. Tsao opined that there would be more of such offerings coming out of the region going forward.

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