Catcha Digital raises US$6.5 mil for growth and expansion

• Final step in its regularisation plan, GN2 status expected to be lifted
• Launched i-Gov to develop solutions for Malaysian government

Catcha Digital announced that it had raised US$6.5 million (RM29.7 million) from the Rights Issue exercise to grow and expand its business. This is the final step in its regularisation plan, and its GN2 status is now expected to be lifted.

Catcha Digital is a Malaysia-based investment holding company in the digital media, advertising and software industries.

"We can now devote our attention to building, growing and scaling the company to greater heights," said Patrick YKin Grove (pic), Chairman of Catcha Digital.

"The company is in a strong position to accelerate its growth plans and realise our vision. We aim to attract digital and software companies to join us and create sustainable value for all stakeholders," said Eric Tan (pic), CEO of Catcha Digital.

On 6 July, Catcha Digital launched a new business unit called "i-Gov". It is focused on developing technology solutions and software for the Malaysian government and the public sector. 

On 28 June, Catcha Digital announced that its wholly-owned subsidiary, iMedia, hit a record profit before tax of RM10.28 million in FYE 2022, representing approximately 69% year-on-year growth.

iMedia Asia is a digital media company that provides integrated advertising solutions to brands in Malaysia's consumer goods, retail, property, entertainment and other industries.