Buy a share in a brewery: Pozible launches equity crowd-funding site Birchal

Dan Norris wants to turn the drinkers of his beers into investors in his brewery.

The co-founder of Black Hops Brewing is keen to use equity crowd-funding platform Birchal to raise further funds for his business.

“The sort of business we are in requires a lot of money to do what we do,” he says. “Any sort of expansion to build a new brewery costs in the millions of dollars. As an entrepreneur I have always struggled to get people to invest in what I’m doing, the banks are really hard work and raising capital is really difficult, you often have to be an expert yourself.”

Getting in early

Norris wants Black Hops Brewing to be one of the early businesses listed on equity crowd-funding platform Birchal, which launched in Melbourne on Tuesday night.

The platform is being spun out of Australian rewards-based crowd-funding platform Pozible and is founded by Pozible co-founder and chief executive Alan Crabbe and former Ashurst lawyer Matt Vitale.

Birchal will be applying to the Australian Securities and Investment Commission for a newly created “crowd-funding service” licence.

From September 29 unlisted public companies with annual turnover and gross assets of up to $25 million will be able to issue shares to the public.

This will enable retail or so-called “mum and dad” investors to take equity in small businesses and Birchal aims to provide a platform for this.

To read more, please click on the link below…

Source: Buy a share in a brewery: Pozible launches equity crowd-funding site Birchal – The Sydney Morning Herald