Page 238 - SC SCAR 2023 ENGLISH Flipbook

PART 6 MARKET STATISTICS
EQUITY CROWDFUNDING1
CAMPAIGNS
Since its inception, ECF has garnered a total fundraising amount of RM686.69 million across 381 campaigns, with Shariah-compliant campaigns contributing 4% of the total funds raised.
As illustrated in Chart 1, the total funds raised in 2023 decreased to RM126.28 million from the RM140.89 million recorded in 2022. This declining trend is also evident in the number of successful campaigns, which decreased to 51 in 2023, down from the 68 campaigns recorded in 2022.
Despite the overall decline in total funds raised in 2023, there was an increase in the growth of larger-sized campaigns, raising funds exceeding RM3 million. These constituted 25% of the campaigns in 2023, up from 21% in 2022, as depicted in Chart 2. The highest amount raised by a single fundraising campaign in 2023 reached a maximum of RM20 million.
Professional, scientific, and technical activities retained its status as the most popular economic sector served by ECF in 2023, raising a total amount of RM32.51 million (Chart 3). A notable shift in fundraising stages is observed, with the number of seed-stage campaigns doubling to 42%, up from 16% in the preceding year, as indicated in Chart 4.
CHART 1
Total funds raised
CHART 2
Campaign sizes
RM500,000 and below
>RM500,000 to RM1,500,000
>RM1,500,000 to RM3,000,000
>RM3,000,000
CHART 4
Fundraising stages
700 600 500 400 300 200 100
0
CHART 3
Per year Cumulative
RM560.41
RM140.89
2022
RM686.69
RM126.28
2023
RM millions RM30 RM40
10% 14%
22% 18%
21% 25%
72%
52% 42%
2022 2023
47% 43%
Top 5 sectors by total funds raised
RM- RM10
RM20
2022 2023
Professional, scientific and technical activities
Wholesale and retail trade; repair of motor vehicles and motorcycles
Information and communication
Accommodation and food service activities
16% 9%
Financial and insurance/ takaful activities
2022 2023
2% Pre-seed
3%
4% Post Series A
236
SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023
1
Previously reported statistics have been adjusted according to latest reported numbers.
Seed
Series A
Percentage (%)
RM millions