Pollenizer has launched an Information Memorandum, aiming to raise $5 million from sophisticated or professional investors to fund more startups in Australia and South East Asia.
Pollenizer CEO Phil Morle says startup activity in Australia is growing rapidly and to take advantage of this growth and prevent great businesses from going overseas, Australia needs to lift its game when it comes to investment.
“So far we’ve received positive interest from many investors based locally as well as in Asia. It’s our aim to introduce a wider range of investors to the potential of tech startups than what the industry has previously seen. To ensure the continual growth of the ecosystem, it’s important to build investment potential locally.”
“Global investors are increasingly paying more attention to the Australian startup space as they can see the high investment value on offer.”
“While investment options are slowly improving, for instance Blackbird Ventures recently launched its $30 million fund, it’s still not enough to stem the flood of great startups seeking funding from global investors. Lost entrepreneurs are a loss of innovation, lost value creation, lost employment, lost export dollars, lost returns for investors and most importantly lost hope,” said Morle.
The investment capital will be used to launch further startups technology companies, fund the growth of existing portfolio companies and to support the expansion of Pollenizer’s activities in South East Asia.
The team at Pollenizer have been building businesses for five years, have launched 20 startups, raised $12 million and created successful businesses like Spreets, Mogeneration, Dealised, Wooboard and Pygg.