Welcome to The Ask, Our new column on Startup Daily designed for founders looking for capital. It may be venture capital, crowdfunding or another path, and is designed to flag your startup to potential investors. If you’re on the hunt for cash, we’re happy to share the news with Australia’s startup community. This is your… Read more »
Crowd-sourced funding (CSF) fintech Birchal is hoping to raise $3 million in a second campaign on its own platform. The capital raising platform, which has been popular with brewers, medicinal cannabis ventures and impact cleaning products startup Zero Co launched in 2018 when crowd-funding was legalised, has facilitated more than 100 capital raises worth $190… Read more »
Geographic remoteness is part of our identity as Australians. Stories of founders relocating to a larger startup ecosystem are common, particularly for founders outside of Sydney and Melbourne. Most notably, Sydney-based Canva, one of Australia’s most successful startups, was originally founded in Perth. But five years into the development of Australia’s crowd-sourced funding (CSF) regime, … 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 »
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 »
Investor appetite for agriculture startup Our Cow has seen the butcher subscription startup raise nearly $1.5 million from more than 750 investors in the first 24 hours of its Birchal crowdfunding campaign. Farmers Bianca Tarrant and Dave McGiveron launched Our Cow in Northern NSW in 2019 after nearly losing their farm in droughts and then the… 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 »
It’s no secret the rental market is a mess, but Brisbane startup Rent Rabbit is already fixing things up. And with their EOI campaign, you can get in on the ground floor and clean up too. This proptech startup founded by brothers James and Ben Pretty has been called “a kind of TripAdvisor for renters”,… Read more »
Equity crowd-sourced funding (CSF) increased by 82% in the 2022 financial year to $86 million, backing nearly 100 companies, according to new figures by CSF market leader Birchal. All up, more than 43,000 investments were made in 98 successful CSF offers to reach that figure, Birchal cofounder and MD Matt Vitale said. His company, which… 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 »
Market leading crowd-sourced funding (CSF) platform Birchal has raised $3 million for itself in the second fastest raise in local CSF history. It took just 63 minutes for the campaign to reach its maximum $3 million target after opening to investment following its expressions of interest phase. That’s the second fastest CSF campaign to reach… Read more »
The platform behind 75% of Australia’s equity crowd-sourced funding (CSF) activity, Birchal, is running an equity crowdfunding campaign on its own platform, a first for any CSF platform in Australia, so retail investors can buy shares in the company. Birchal also revealed one of its main backers is Dom Pym, cofounder of next-gen digital bank,… Read more »
Investors poured more than $71 million into 89 companies via crowd-sourced funding (CSF) in 2021, new analysis of the sector reveals. Nearly a third of that figure ($21m, 30%) flowed in the final quarter of the year thanks to a series of record raises. In 2021, the number of CSF offers completed rose by 82%… Read more »
Medical cannabis venture Montu has raised $3.5 million in a crowdfunding campaign lasting less than two days. The Montu campaign went live on the Birchal platform last Tuesday and took just 13 minutes to raise $1 million. The volume of investors piling in once again caused delays on the platform, just a month after Zero… Read more »
Medical cannabis tech platform Montu has launched its second capital raise via the Birchal crowdfunding platform. With less than a week to go in the expression of interest phase of the campaign, the Australian company plans to use the funds to consolidate its market leading position as a medical cannabis prescriber, add to its technological… Read more »
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