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 »
Sydney-based motorcycle technology startup Forcite is on track to raise $6million in a Series A as the company enters the final day of its equity crowdfunding campaign on Equitise. With around 10 hours left in the campaign before it closes at 9pm on Weds, February 16, Forcite has raised $1.15 million from investors towards a… Read more »
Equity crowdfunding platform VentureCrowd has raised $10 million in a Series A. As well as $6.6 million from existing investors, the company used its own platform to raise an additional $3.9 million from new investors. The funds are earmarked to further develop VentureCrowd’s technology platform, scale its retail product offering in venture capital, property, private credit… Read more »
A new fintech app for millennials to manage household bills has raised $250,000 in pre-seed funding in its first few weeks of existence and has now turned to crowdfunding seeking another $800,000. noobill is the brainchild of George Wang, who previously spent three years as CEO of the Australian arm of Chinese ecommerce retailer GOME… Read more »
ONE YEAR ON: PledgeMe boss Anna Guenther reviews 12 months of equity crowdfunding for startups in Australia
A lot can change in 12 months. In September 2017 new laws came into effect legalising equity crowdfunding. It allowed publicly unlisted companies to harness the power of their crowd. But this wasn’t for the many. Just 1% of businesses were able to access the fundraising approach. The 99% that were registered proprietary companies were… Read more »
ASIC has announced it will be opening applications for CSF licences, allowing eligible public companies to sell shares through a licensed intermediary.