Everpeaks– A Malaysia-based omni-channel e-commerce solutions provider is set to raise funding worth US$ 376,000 via equity crowdfunding (ECF) platform PitchIN on June 15.
Founded on 2016 by Joachim Sebastian, Everpeaks is a duty-free global distribution hub and a multi-channel ecommerce solutions provider. Everpeaks helps brands showcase their products to the global marketplace. With the help of technology, marketing and the use of global marketplaces, they aim to bring consumers closer to the brands they work with all over the world. They also do consulting work by analysing the market landscape and determining the right business model for the development of their client’s businesses.
Everpeaks, which is an approved Angel Tax Incentive certified company, said in a press release that it is in talks with interested investors and is bullish about the prospects of this particular journey.
“We are looking to fundraise to strengthen the company’s operations. We are already almost breaking even at this point with an average growth rate of 76% year-on-year and any investment will be used for business expansion,” said CEO and founder of Everpeaks- Joachim Sebastian.
40% of their investment portion is allocated towards building a marketing effort and to be present in exhibitions around the world, in order to expand their operations by securing clients and establishing their brand across the region. 30% of the funds raised are set to be used towards developing and refining its technology solution and 20% towards building manpower strength.
Earlier, Everpeaks had raised US$70,500 in 2018 from Cradle Fund’s CIP300. It is also part of the Structured Coaching Program (SCP) conducted by Proficeo for Cradle Fund. CEO and founder Sebastian said that Everpeaks has already secured US$ 234,055 (RM1 million) from a lead angel investor ahead of going live on pitchIN.
Not only does it have partnerships with large e-commerce companies such as Amazon and eBay, it also has secured relationships with the government as an e-aggregator. Everpeaks is also a National eCommerce Strategic Roadmap partner of the Malaysia Digital Economy Corporation (MDEC).
Since Covid-19 pandemic has changed the way e-commerce is opening up in Malaysia, the company is set to grab new opportunities within the manufacturer-to-consumer (M2C) commerce.