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Apr
30
Angel investor group Investible raising $20m to back early stage start-ups
Member-based venture capital firm Investible is halfway through raising its first VC fund of $20 million, which will be used to back early stage start-ups, as it claimed its existing portfolio was delivering market-leading growth. Investible’s co-founder Creel Price told The Australian Financial Review the four-year-old operation had so far achieved an unrealised compound return […]
Apr
30
ASIC looking to regulate overseas ICOs under Australian laws
Australian regulations may apply to ICOs, even when created and offered overseas, warns commissioner. ASIC will be eyeing initial coin offerings (ICOs) as it moves to update its guidelines for companies raising funds by issuing digital currencies or tokens. Specifically, it warns that Australian laws may apply to ICOs even when they’re created and offered […]
Apr
27
ASIC turns attention to initial coin offerings
As a method of raising funds. Initial coin offerings (ICOs) will be a “key focus” for Australia’s corporate watchdog as it looks to update guidance on companies considering raising funds by issuing digital coins or tokens. The Australian Securities and Investments Commission (ASIC) will expand the scope of its guidance in coming weeks to include […]
Apr
23
FinTech startup Pelikin looks to recruit Gen Y investors
After a highly successful expression of interest campaign on equity crowdfunding platform Birchal, Melbourne FinTech startup Pelikin is continuing to rally millennials to invest in Pelikin. Encouraging Gen Y Professionals to invest in the banking alternative with as little as $100, Pelikin is hoping to get as many users as possible over the next month […]
Apr
16
Fintech numbers causing a revolution
According to sources at disruptive Real Estate platform Next Address, the implementation of Fintech equity crowdfunding has sent their chatbots into overdrive with record enquiries and investors jumping on board. Julie O’Donohue, founder of the Australian company says it’s all about opportunity and empowering people. “People are loving the concept of helping us grow, investing […]
Apr
11
Initial coin offerings challenge traditional venture capital
Satoshi Nakamoto, whoever he or she is, probably didn’t consider the effect blockchain would have on the innovation ecosystem when they launched the first usable blockchain in 2009. Regardless, amid all the cryptocurrency hype, it’s clear a new pathway for start-ups is emerging. With a growing number of technology projects turning to initial coin offerings […]
Apr
10
Founded by the crowd: the new way to invest in Australian businesses
Equity crowdfunding is a relatively new way for Australians to invest. It’s a smart way to collect donations for a charity cause or raise capital for new products and with recent changes to Australian investment laws, crowdfunding platforms can now be used to raise equity capital for a business startup. This change opens a new […]
Apr
06
Private Equity and Venture Capital technology investments key for investors
Chief Executive Officer of Crestone Wealth Management Michael Chisholm says investor access to the quickly growing technology sector is an important investment and social consideration in the current market cycle. Mr Chisholm said access to private equity or venture capital funds, which are uncorrelated to traditional asset classes, can help cushion portolios against any equity […]