Fundnel hopes to clock funding deals worth $30-40m in MY this year

Singapore-based investment platform Fundnel Pte Ltd that started warming up to Malaysia’s investment scene just last year, helping two firms to raise funds in 2016, is hoping to help companies raise $30 million to $40 million in total this year via its platform, with a focus not only on startups but SMEs and mid level companies, a top executive with the company said.

Running an investment platform that matches accredited investors and fund managers with growth-stage and pre-listing SMEs, Fundnel said it had completed 15 deals worth $49 million in 2016 in its market nations — Singapore, Indonesia, Malaysia and India.

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