Cradle Fund Sdn Bhd has teamed up with Kapital DX Sdn Bhd to improve fundraising opportunities for Malaysian startups.

This partnership is part of the Ministry of Science, Technology and Innovation's (MOSTI) Fund Funnel Program, which aims to tackle funding gaps within the Malaysian startup ecosystem.

The Malaysia Startup Ecosystem Roadmap (SUPER) 2021-2030 highlights a significant barrier to growth as the lack of continuous financial coverage for startups.

Mohd Nor Azman Hassan from MOSTI stressed the necessity of ongoing capital access for startups at every stage of their development.

Selvarany Rasiah, CEO of KLDX, noted that this collaboration is vital for assisting startups and SMEs in securing essential capital and preparing for long-term success, including potential IPOs.

The Memorandum of Understanding (MoU) between Cradle and KLDX specifically addresses the funding gap at the Series A stage and beyond, which is often challenging to navigate in Malaysia.

This collaboration aims to provide startups with alternative funding avenues through the KLDX digital securities exchange platform.

Cradle will actively promote the KLDX platform to its alumni network, enhancing access to alternative fundraising options for startups.

Additionally, the KLDX platform will be integrated into the MYStartup Single Window platform, streamlining access to various funding solutions.

Ultimately, this partnership seeks to position Malaysia among the top 20 startup ecosystems globally by 2030 through improved funding options.

Norman Matthieu Vanhaecke from Cradle emphasized the flexibility and innovation that KLDX offers to startups in need of financial support.