More than 1,100 investors have backed crowd-sourced funding (CSF) platform Birchal in its own CSF campaign, raising $2.39 million. Alongside a range of retail investors, the cap table includes existing investor Dom Pym, cofounder of Up; Mckeage Cole Foundation MD Connie Mckeage; Giant Leap venture partner Peter Cameron; TodayPay founder Peter Cameron; Doshii founder Sean… Read more »
Insurtech startup LifeBid has launched a crowdfunding (CSF) campaign with venture-backed platform Stride Equity, having already raised $700,000 in a strategic co-investment from industry partners and the Stride Group. LifeBid is the first startup Stride Equity has backed with investment since its launch earlier this year and is the first CSF campaign on the platform.… Read more »
After an admittedly late start, crowdfunding is certainly coming of age in Australia. As was rightly pointed out recently by Birchal Co-Founder Matt Vitale, that Australian crowdsourced funding (CSF) platforms have raised $240 million for 320 start-up companies over the past five years is an unqualified success. Accessing otherwise unavailable investment opportunities in high growth… Read more »
Australia was late to the game when it came to allowing startups to raise capital through crowd-sourced funding. But it grew quickly to become the second largest market per capita by 2021, according to the latest global research. Five years in, it’s undoubtedly a huge success, with over $240 million invested across 320 successful offers… Read more »
Queensland at-home catering platform Gathar has raised nearly $800,000 in a crowdfunding on the female-founder focused Microwd. The private chef platform, dubbed the Airbnb of dinner parties, partnered with expat celebrity chef Curtis Stone to take the concept to the US, kicking off in his home state of California at the start of 2023. More… Read more »
Medical cannabis company Cannaponics has raised a record-equalling $5 million – the maximum allowed under Australian law – in an equity crowdfunding campaign via Birchal. The campaign for the West Australian startup lasted just two weeks with 2,771 investors buying in. The only other company to raise the $5 million maximum was Byron Bay’s plastics… Read more »
That there is a huge gender gap in venture capital (VC) funding is hardly news; even ChatGPT knows it. This is despite the progress that women have made in business generally. According to a 2021 report by PitchBook, companies founded solely by women in the US and Europe received just 2.4% of total venture capital funding.… Read more »
With no end in sight to the freeze in venture capital funding markets and darkening economic clouds, startups have been doing everything they can to prioritise their people, hone their business models and lengthen their runways. I’ve been heartened by the determination of our community. For those considering an equity crowdfunding raise, there are five… Read more »
Three Monash University students have launched an alcoholic seltzer brand, Wonki, for pre-sale on the crowdfunding platform Pozible. They are almost halfway into raising the $30,000 target to turn Wonki into a ready-to-drink reality. Wonki was developed at Monash’s Fastrack Accelerator program by cofounders Gabriel Tucker, Max Moolman, and Briget Lansell. The alcoholic seltzer brand… Read more »
A team of former Investec executives have launched Stride Equity an equity crowdfunding (CSF) platform backed by a venture capital fund, Stride Lead, in a model that looks to rethink how startups raise funds. Stride Equity will evaluate each investment opportunity with experienced investors to choose the companies offered on the crowdfunding. Startups seeking capital… Read more »
Queensland catering startup Gathar is launching a crowdfunding campaign on female founder focused platform Microwd. Gathar is the self-described “Airbnb of dinner parties”, which matches hosts with caterers, from chefs to talented home cooks. Expressions of interest for the crowdfunding campaign opened today on Microwd, which rebranded from ‘Pledgeme’ last year. The dinner party marketplace… Read more »
Four women and mothers who banded together to help the parents of children with disabilities have raised $1 million from crowdfunding for their social network app. The Birchal campaign closed this week with $1.037 million from 604 investors. Kindship will use the funds to help parents navigate the NDIS. They plan to launch Kindship Wallet,… Read more »
Investors have demonstrated a healthy appetite for Sydney social enterprise Good & Fugly, which has raised $528,628 from 652 backers in a crowdfunding campaign. The business was seeking up to $1.5 million at $1.59 a share at a pre-raise valuation of $13.52 million. Good & Fugly offers standalone and subscription boxes of “ugly” fruit and… Read more »
Aspiring green hydrogen producer LINE Hydrogen has raised $1.38 million from crowdfunding as it looks to play its part in Australia’s renewable energy mix. The Tasmanian startup, alongside the Bell Bay Solar Farm, is hoping to become one of Australia’s first 100% renewable commercial-scale hydrogen producers and distributors, with production beginning in early 2023. LINE’s… Read more »
Four years ago, Zoe Condliffe was living in a van when she launched her startup She’s A Crowd as a solo founder. Now, Zoe runs a team of 12 ‘data activists’ who are making a powerful impact on the lives of women and gender-diverse people across Australia. Almost 90 per cent of women who experience sexual… Read more »
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Smart hotels get even smarter: 72 Byte to launch in Australia with AI expert backing 
Tassie carbon accounting startup banks $5.3 million Seed round 
Eucalyptus head of growth Matt Rossi departs to launch his own marketing startup, Oodle 
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